CSQ vs. FSCO
CSQ (Calamos Strategic Total Return Fund) is Diversified Portfolio fund actively managed by Calamos, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, CSQ returned 20.73%/yr vs 14.12%/yr for FSCO. At a 0.29 correlation, their price movements are largely independent.
Performance
CSQ vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, CSQ achieves a 9.07% return, which is significantly higher than FSCO's -19.08% return.
CSQ
- 1D
- -0.64%
- 1M
- 0.37%
- YTD
- 9.07%
- 6M
- 8.12%
- 1Y
- 23.85%
- 3Y*
- 20.73%
- 5Y*
- 10.55%
- 10Y*
- 16.44%
FSCO
- 1D
- -0.45%
- 1M
- -4.78%
- YTD
- -19.08%
- 6M
- -15.88%
- 1Y
- -24.75%
- 3Y*
- 14.12%
- 5Y*
- —
- 10Y*
- —
CSQ vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSQ Calamos Strategic Total Return Fund | 9.07% | 16.25% | 28.11% | 20.80% | -4.04% |
FSCO FS Credit Opportunities Corp. | -19.08% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between CSQ and FSCO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.29 |
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Return for Risk
CSQ vs. FSCO — Risk / Return Rank
CSQ
FSCO
CSQ vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Strategic Total Return Fund (CSQ) and FS Credit Opportunities Corp. (FSCO). 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.
| CSQ | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.70 | +2.27 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.37 | +8.05 |
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Drawdowns
CSQ vs. FSCO - Drawdown Comparison
The maximum CSQ drawdown since its inception was -67.17%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for CSQ and FSCO.
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Drawdown Indicators
| CSQ | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.17% | -35.53% | -31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -35.53% | +20.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.18% | -35.53% | +11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.21% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -29.35% | +27.88% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -8.15% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 18.12% | -14.54% |
Volatility
CSQ vs. FSCO - Volatility Comparison
The current volatility for Calamos Strategic Total Return Fund (CSQ) is 5.97%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 6.29%. This indicates that CSQ experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSQ | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.29% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 22.62% | -9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 27.45% | -12.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 28.17% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.04% | 28.17% | -5.13% |
Dividends
CSQ vs. FSCO - Dividend Comparison
CSQ's dividend yield for the trailing twelve months is around 6.66%, less than FSCO's 16.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSQ Calamos Strategic Total Return Fund | 6.66% | 6.51% | 6.95% | 8.27% | 9.17% | 6.38% | 7.03% | 7.14% | 9.35% | 8.20% | 9.64% | 10.00% |
FSCO FS Credit Opportunities Corp. | 16.29% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSQ and FSCO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (6.29%) compared to CSQ (5.97%). In terms of maximum drawdown, CSQ dropped -67.17% vs FSCO's -35.53%.
CSQ currently has the higher Sharpe Ratio (1.57 vs -0.90), 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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