CPZ vs. IDV
CPZ (Calamos Long/Short Equity & Dynamic Income Term Trust) is a stock, while IDV (iShares International Select Dividend ETF) is Global Equities fund tracking the Dow Jones EPAC Select Dividend. Over the past 5 years, CPZ returned 2.45%/yr vs 13.47%/yr for IDV. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
CPZ vs. IDV - Performance Comparison
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Returns By Period
In the year-to-date period, CPZ achieves a -4.09% return, which is significantly lower than IDV's 15.90% return.
CPZ
- 1D
- 0.46%
- 1M
- 2.40%
- 6M
- -5.13%
- YTD
- -4.09%
- 1Y
- -8.58%
- 3Y*
- 6.20%
- 5Y*
- 2.45%
- 10Y*
- —
- ALL TIME*
- 3.82%
IDV
- 1D
- -0.12%
- 1M
- 6.15%
- 6M
- 9.57%
- YTD
- 15.90%
- 1Y
- 34.55%
- 3Y*
- 25.16%
- 5Y*
- 13.47%
- 10Y*
- 10.53%
- ALL TIME*
- 4.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.24M | $1.14M | |
| $33.59M | $34.80M | $40.44M |
CPZ vs. IDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | -4.09% | 9.81% | 15.98% | 6.26% | -13.98% | 21.23% | -3.49% | -1.69% |
IDV iShares International Select Dividend ETF | 15.90% | 52.16% | 4.00% | 10.32% | -6.40% | 12.00% | -5.94% | 4.66% |
Correlation
The correlation between CPZ and IDV is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2019 | 0.38 |
Over the past year, the correlation between CPZ and IDV has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
CPZ vs. IDV — Risk / Return Rank
CPZ
IDV
CPZ vs. IDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and iShares International Select Dividend ETF (IDV). 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.
| CPZ | IDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.56 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.49 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 4.08 | -4.54 |
| Martin ratioReturn relative to average drawdown | -0.81 | 12.66 | -13.47 |
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Drawdowns
CPZ vs. IDV - Drawdown Comparison
The maximum CPZ drawdown since its inception was -51.43%, smaller than the maximum IDV drawdown of -70.14%. Use the drawdown chart below to compare losses from any high point for CPZ and IDV.
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Drawdown Indicators
| CPZ | IDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -70.14% | +18.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.95% | -8.52% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -11.86% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -29.19% | +3.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.50% | — |
Current DrawdownCurrent decline from peak | -13.06% | -0.12% | -12.94% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -15.30% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 2.74% | +7.55% |
Volatility
CPZ vs. IDV - Volatility Comparison
Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) has a higher volatility of 4.19% compared to iShares International Select Dividend ETF (IDV) at 3.07%. This indicates that CPZ's price experiences larger fluctuations and is considered to be riskier than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPZ | IDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.07% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 11.07% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 13.07% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 15.53% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 17.62% | +6.12% |
Dividends
CPZ vs. IDV - Dividend Comparison
CPZ's dividend yield for the trailing twelve months is around 12.74%, more than IDV's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | 12.74% | 11.49% | 12.65% | 11.63% | 11.06% | 8.37% | 7.69% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
IDV iShares International Select Dividend ETF | 5.13% | 4.94% | 6.46% | 6.51% | 7.33% | 5.78% | 5.47% | 5.15% | 5.93% | 4.52% | 4.69% | 5.08% |
Frequently Asked Questions
CPZ and IDV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPZ has higher volatility (4.19%) compared to IDV (3.07%). In terms of maximum drawdown, CPZ dropped -51.43% vs IDV's -70.14%.
IDV currently has the higher Sharpe Ratio (2.66 vs -0.74), 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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