CPZ vs. DAX
Compare and contrast key facts about Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and Global X DAX Germany ETF (DAX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPZ or DAX.
Correlation
The correlation between CPZ and DAX is 0.46, 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
CPZ vs. DAX - Performance Comparison
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Key characteristics
CPZ:
1.14
DAX:
1.64
CPZ:
1.61
DAX:
2.31
CPZ:
1.20
DAX:
1.31
CPZ:
1.73
DAX:
2.03
CPZ:
7.01
DAX:
8.98
CPZ:
1.95%
DAX:
3.62%
CPZ:
12.08%
DAX:
20.63%
CPZ:
-51.43%
DAX:
-45.58%
CPZ:
-0.38%
DAX:
0.00%
Returns By Period
In the year-to-date period, CPZ achieves a 10.01% return, which is significantly lower than DAX's 31.58% return.
CPZ
10.01%
6.52%
8.29%
13.70%
8.73%
11.96%
N/A
DAX
31.58%
10.34%
34.81%
33.53%
21.09%
16.67%
6.89%
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Risk-Adjusted Performance
CPZ vs. DAX — Risk-Adjusted Performance Rank
CPZ
DAX
CPZ vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and Global X DAX Germany ETF (DAX). 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.
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Dividends
CPZ vs. DAX - Dividend Comparison
CPZ's dividend yield for the trailing twelve months is around 11.93%, more than DAX's 1.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | 11.93% | 12.65% | 11.63% | 11.06% | 8.37% | 7.69% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 1.70% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
CPZ vs. DAX - Drawdown Comparison
The maximum CPZ drawdown since its inception was -51.43%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for CPZ and DAX. For additional features, visit the drawdowns tool.
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Volatility
CPZ vs. DAX - Volatility Comparison
The current volatility for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) is 2.87%, while Global X DAX Germany ETF (DAX) has a volatility of 3.74%. This indicates that CPZ experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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