CMNIX vs. MRJIX
Compare and contrast key facts about Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Morgan Stanley Multi-Asset Real Return Portfolio (MRJIX).
CMNIX is managed by Calamos. It was launched on May 10, 2000. MRJIX is managed by Morgan Stanley. It was launched on Jun 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMNIX or MRJIX.
Key characteristics
| CMNIX | MRJIX | |
|---|---|---|
| YTD Return | 6.78% | 1.47% |
| 1Y Return | 4.77% | 9.61% |
| 3Y Return (Ann) | 2.64% | 3.27% |
| 5Y Return (Ann) | 3.71% | 7.03% |
| Sharpe Ratio | 1.20 | 1.29 |
| Sortino Ratio | 1.30 | 1.98 |
| Omega Ratio | 1.47 | 1.25 |
| Calmar Ratio | 1.38 | 1.53 |
| Martin Ratio | 3.18 | 7.27 |
| Ulcer Index | 1.50% | 1.31% |
| Daily Std Dev | 3.99% | 7.35% |
| Max Drawdown | -22.81% | -28.39% |
| Current Drawdown | -0.07% | -3.93% |
Correlation
The correlation between CMNIX and MRJIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMNIX vs. MRJIX - Performance Comparison
In the year-to-date period, CMNIX achieves a 6.78% return, which is significantly higher than MRJIX's 1.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMNIX vs. MRJIX - Expense Ratio Comparison
CMNIX has a 0.90% expense ratio, which is higher than MRJIX's 0.76% expense ratio.
Risk-Adjusted Performance
CMNIX vs. MRJIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Morgan Stanley Multi-Asset Real Return Portfolio (MRJIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CMNIX vs. MRJIX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 2.13%, less than MRJIX's 4.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 2.13% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
MRJIX Morgan Stanley Multi-Asset Real Return Portfolio | 4.73% | 4.80% | 3.98% | 2.36% | 1.94% | 1.94% | 3.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMNIX vs. MRJIX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -22.81%, smaller than the maximum MRJIX drawdown of -28.39%. Use the drawdown chart below to compare losses from any high point for CMNIX and MRJIX. For additional features, visit the drawdowns tool.
Volatility
CMNIX vs. MRJIX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.45%, while Morgan Stanley Multi-Asset Real Return Portfolio (MRJIX) has a volatility of 2.37%. This indicates that CMNIX experiences smaller price fluctuations and is considered to be less risky than MRJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.