CPLIX vs. CMNIX
Compare and contrast key facts about Calamos Phineus Long/Short Fund (CPLIX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX).
CPLIX is managed by Calamos. It was launched on Apr 4, 2016. CMNIX is managed by Calamos. It was launched on May 10, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPLIX or CMNIX.
Key characteristics
| CPLIX | CMNIX | |
|---|---|---|
| YTD Return | 9.11% | 6.92% |
| 1Y Return | 13.36% | 4.56% |
| 3Y Return (Ann) | 3.56% | 2.68% |
| 5Y Return (Ann) | 8.33% | 3.72% |
| Sharpe Ratio | 2.13 | 1.18 |
| Sortino Ratio | 3.24 | 1.28 |
| Omega Ratio | 1.39 | 1.46 |
| Calmar Ratio | 1.61 | 1.35 |
| Martin Ratio | 9.22 | 3.13 |
| Ulcer Index | 1.50% | 1.50% |
| Daily Std Dev | 6.48% | 3.99% |
| Max Drawdown | -36.18% | -22.81% |
| Current Drawdown | -0.80% | 0.00% |
Correlation
The correlation between CPLIX and CMNIX is 0.54, 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
CPLIX vs. CMNIX - Performance Comparison
In the year-to-date period, CPLIX achieves a 9.11% return, which is significantly higher than CMNIX's 6.92% 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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CPLIX vs. CMNIX - Expense Ratio Comparison
CPLIX has a 1.38% expense ratio, which is higher than CMNIX's 0.90% expense ratio.
Risk-Adjusted Performance
CPLIX vs. CMNIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Phineus Long/Short Fund (CPLIX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX). 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
CPLIX vs. CMNIX - Dividend Comparison
CPLIX's dividend yield for the trailing twelve months is around 1.70%, less than CMNIX's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPLIX Calamos Phineus Long/Short Fund | 1.70% | 1.85% | 0.03% | 0.00% | 0.00% | 0.43% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 2.12% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
Drawdowns
CPLIX vs. CMNIX - Drawdown Comparison
The maximum CPLIX drawdown since its inception was -36.18%, which is greater than CMNIX's maximum drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for CPLIX and CMNIX. For additional features, visit the drawdowns tool.
Volatility
CPLIX vs. CMNIX - Volatility Comparison
Calamos Phineus Long/Short Fund (CPLIX) has a higher volatility of 1.96% compared to Calamos Market Neutral Income Fund Institutional Class (CMNIX) at 0.48%. This indicates that CPLIX's price experiences larger fluctuations and is considered to be riskier than CMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.