CNSDX vs. CHI
Compare and contrast key facts about Invesco Convertible Securities Fund (CNSDX) and Calamos Convertible Opportunities and Income Fund (CHI).
CNSDX is managed by Invesco. It was launched on Jul 27, 1997. CHI is an actively managed fund by Calamos. It was launched on Jun 25, 1997.
Performance
CNSDX vs. CHI - Performance Comparison
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CNSDX vs. CHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 2.40% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 10.68% |
CHI Calamos Convertible Opportunities and Income Fund | 7.61% | -2.15% | 27.23% | 9.49% | -23.31% | 20.31% | 33.82% | 35.66% | -12.67% | 22.70% |
Returns By Period
In the year-to-date period, CNSDX achieves a 2.40% return, which is significantly lower than CHI's 7.61% return. Over the past 10 years, CNSDX has underperformed CHI with an annualized return of 9.97%, while CHI has yielded a comparatively higher 11.94% annualized return.
CNSDX
- 1D
- 2.89%
- 1M
- -3.94%
- YTD
- 2.40%
- 6M
- 1.85%
- 1Y
- 22.33%
- 3Y*
- 11.66%
- 5Y*
- 4.27%
- 10Y*
- 9.97%
CHI
- 1D
- 3.26%
- 1M
- -2.74%
- YTD
- 7.61%
- 6M
- 8.24%
- 1Y
- 26.79%
- 3Y*
- 12.98%
- 5Y*
- 4.69%
- 10Y*
- 11.94%
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CNSDX vs. CHI - Expense Ratio Comparison
CNSDX has a 0.68% expense ratio, which is lower than CHI's 0.88% expense ratio.
Return for Risk
CNSDX vs. CHI — Risk / Return Rank
CNSDX
CHI
CNSDX vs. CHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and Calamos Convertible Opportunities and Income Fund (CHI). 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.
| CNSDX | CHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.36 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.00 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.49 | +0.10 |
Martin ratioReturn relative to average drawdown | 8.79 | 9.85 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNSDX | CHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.36 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.24 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.52 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.39 | +0.28 |
Correlation
The correlation between CNSDX and CHI is 0.52, 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.
Dividends
CNSDX vs. CHI - Dividend Comparison
CNSDX's dividend yield for the trailing twelve months is around 11.50%, more than CHI's 10.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 11.50% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
CHI Calamos Convertible Opportunities and Income Fund | 10.28% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
Drawdowns
CNSDX vs. CHI - Drawdown Comparison
The maximum CNSDX drawdown since its inception was -39.33%, smaller than the maximum CHI drawdown of -64.72%. Use the drawdown chart below to compare losses from any high point for CNSDX and CHI.
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Drawdown Indicators
| CNSDX | CHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -64.72% | +25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -11.55% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -36.03% | +13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -24.19% | -49.64% | +25.45% |
Current DrawdownCurrent decline from peak | -5.44% | -4.32% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -9.73% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.92% | -0.54% |
Volatility
CNSDX vs. CHI - Volatility Comparison
The current volatility for Invesco Convertible Securities Fund (CNSDX) is 6.96%, while Calamos Convertible Opportunities and Income Fund (CHI) has a volatility of 8.57%. This indicates that CNSDX experiences smaller price fluctuations and is considered to be less risky than CHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNSDX | CHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 8.57% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 13.83% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 19.88% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 20.01% | -7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 23.09% | -10.46% |