CPLIX vs. CVTRX
CPLIX (Calamos Phineus Long/Short Fund) and CVTRX (Calamos Growth and Income Fund) are both mutual funds - CPLIX is a Long-Short fund managed by Calamos, while CVTRX is a Diversified Portfolio fund managed by Calamos. Over the past 10 years, CPLIX returned 7.71%/yr vs 12.55%/yr for CVTRX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. CPLIX charges 1.38%/yr vs 1.05%/yr for CVTRX.
Performance
CPLIX vs. CVTRX - Performance Comparison
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Returns By Period
In the year-to-date period, CPLIX achieves a 3.50% return, which is significantly lower than CVTRX's 9.24% return. Over the past 10 years, CPLIX has underperformed CVTRX with an annualized return of 7.71%, while CVTRX has yielded a comparatively higher 12.55% annualized return.
CPLIX
- 1D
- 0.58%
- 1M
- 1.33%
- 6M
- 2.59%
- YTD
- 3.50%
- 1Y
- 2.93%
- 3Y*
- 7.43%
- 5Y*
- 5.48%
- 10Y*
- 7.71%
- ALL TIME*
- 7.64%
CVTRX
- 1D
- 2.05%
- 1M
- -1.02%
- 6M
- 7.17%
- YTD
- 9.24%
- 1Y
- 19.81%
- 3Y*
- 17.01%
- 5Y*
- 10.14%
- 10Y*
- 12.55%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CPLIX vs. CVTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPLIX Calamos Phineus Long/Short Fund | 3.50% | 9.89% | 8.89% | 8.04% | -0.96% | 7.52% | 19.81% | 3.97% | -5.96% | 9.22% |
CVTRX Calamos Growth and Income Fund | 9.24% | 17.46% | 20.66% | 20.36% | -18.45% | 21.05% | 22.43% | 25.97% | -3.97% | 16.06% |
Correlation
The correlation between CPLIX and CVTRX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2016 | 0.52 |
Over the past year, the correlation between CPLIX and CVTRX has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
CPLIX vs. CVTRX — Risk / Return Rank
CPLIX
CVTRX
CPLIX vs. CVTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Phineus Long/Short Fund (CPLIX) and Calamos Growth and Income Fund (CVTRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPLIX | CVTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.95 | -1.69 |
| Martin ratioReturn relative to average drawdown | 0.59 | 8.18 | -7.59 |
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Drawdowns
CPLIX vs. CVTRX - Drawdown Comparison
The maximum CPLIX drawdown since its inception was -33.71%, smaller than the maximum CVTRX drawdown of -44.13%. Use the drawdown chart below to compare losses from any high point for CPLIX and CVTRX.
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Drawdown Indicators
| CPLIX | CVTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -44.13% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -9.14% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.73% | -16.45% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.28% | -23.30% | +5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -28.20% | -5.51% |
Current DrawdownCurrent decline from peak | -1.02% | -2.48% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -5.16% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.18% | +1.66% |
Volatility
CPLIX vs. CVTRX - Volatility Comparison
The current volatility for Calamos Phineus Long/Short Fund (CPLIX) is 2.93%, while Calamos Growth and Income Fund (CVTRX) has a volatility of 3.80%. This indicates that CPLIX experiences smaller price fluctuations and is considered to be less risky than CVTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPLIX | CVTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 3.80% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 10.49% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 13.05% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.27% | 15.01% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 15.43% | -0.30% |
CPLIX vs. CVTRX - Expense Ratio Comparison
CPLIX has a 1.38% expense ratio, which is higher than CVTRX's 1.05% expense ratio.
Dividends
CPLIX vs. CVTRX - Dividend Comparison
CPLIX's dividend yield for the trailing twelve months is around 5.34%, less than CVTRX's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPLIX Calamos Phineus Long/Short Fund | 5.34% | 5.52% | 6.90% | 1.86% | 0.03% | 0.00% | 0.00% | 0.43% | 3.88% | 1.21% | 0.85% | 0.00% |
CVTRX Calamos Growth and Income Fund | 6.69% | 7.38% | 4.83% | 4.18% | 4.02% | 5.52% | 3.22% | 3.56% | 8.61% | 7.21% | 7.31% | 6.96% |
Frequently Asked Questions
CPLIX and CVTRX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVTRX has higher volatility (3.80%) compared to CPLIX (2.93%). In terms of maximum drawdown, CPLIX dropped -33.71% vs CVTRX's -44.13%.
CVTRX currently has the higher Sharpe Ratio (1.37 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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