CTIGX vs. CPLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Calamos Timpani SMID Growth Fund (CTIGX) and Calamos Phineus Long/Short Fund (CPLIX).

CTIGX is managed by Calamos. It was launched on Jul 31, 2019. CPLIX is managed by Calamos. It was launched on Apr 4, 2016.

Performance

CTIGX vs. CPLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Timpani SMID Growth Fund (CTIGX) and Calamos Phineus Long/Short Fund (CPLIX). The values are adjusted to include any dividend payments, if applicable.

CTIGX vs. CPLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CTIGX Calamos Timpani SMID Growth Fund	-5.11%	21.21%	44.09%	12.26%	-34.88%	7.64%	58.94%	-3.80%
CPLIX Calamos Phineus Long/Short Fund	-4.56%	9.89%	8.89%	8.04%	-0.96%	7.52%	19.81%	-2.23%

Returns By Period

In the year-to-date period, CTIGX achieves a -5.11% return, which is significantly lower than CPLIX's -4.56% return.

CTIGX

• 1D: -3.45%
• 1M: -9.97%
• YTD: -5.11%
• 6M: -0.49%
• 1Y: 31.37%
• 3Y*: 20.88%
• 5Y*: 4.28%
• 10Y*: —

CPLIX

• 1D: 0.00%
• 1M: -5.24%
• YTD: -4.56%
• 6M: -5.82%
• 1Y: 3.91%
• 3Y*: 6.48%
• 5Y*: 3.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTIGX vs. CPLIX - Expense Ratio Comparison

CTIGX has a 1.10% expense ratio, which is lower than CPLIX's 1.38% expense ratio.

CPLIX

Calamos Phineus Long/Short Fund

CTIGX

Calamos Timpani SMID Growth Fund

Return for Risk

CTIGX vs. CPLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTIGX

CTIGX Risk / Return Rank: 73
CTIGX Sharpe Ratio Rank: 65
CTIGX Sortino Ratio Rank: 67
CTIGX Omega Ratio Rank: 56
CTIGX Calmar Ratio Rank: 91
CTIGX Martin Ratio Rank: 88

CPLIX

CPLIX Risk / Return Rank: 13
CPLIX Sharpe Ratio Rank: 15
CPLIX Sortino Ratio Rank: 15
CPLIX Omega Ratio Rank: 13
CPLIX Calmar Ratio Rank: 12
CPLIX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTIGX vs. CPLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani SMID Growth Fund (CTIGX) and Calamos Phineus Long/Short Fund (CPLIX). 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.

	CTIGX	CPLIX	Difference
Sharpe ratio Return per unit of total volatility	1.17	0.39	+0.78
Sortino ratio Return per unit of downside risk	1.68	0.65	+1.03
Omega ratio Gain probability vs. loss probability	1.22	1.08	+0.14
Calmar ratio Return relative to maximum drawdown	2.60	0.31	+2.29
Martin ratio Return relative to average drawdown	9.43	1.00	+8.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTIGX vs. CPLIX - Sharpe Ratio Comparison

The current CTIGX Sharpe Ratio is 1.17, which is higher than the CPLIX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of CTIGX and CPLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CTIGX	CPLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.39	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.26	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.46	-0.09

Correlation

The correlation between CTIGX and CPLIX is 0.43, 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.

Dividends

CTIGX vs. CPLIX - Dividend Comparison

CTIGX's dividend yield for the trailing twelve months is around 4.84%, less than CPLIX's 5.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CTIGX Calamos Timpani SMID Growth Fund	4.84%	4.59%	2.80%	0.00%	0.00%	11.76%	0.00%	0.00%	0.00%	0.00%	0.00%
CPLIX Calamos Phineus Long/Short Fund	5.79%	5.52%	6.90%	1.86%	0.03%	0.00%	0.00%	0.43%	3.88%	1.21%	0.85%

Drawdowns

CTIGX vs. CPLIX - Drawdown Comparison

The maximum CTIGX drawdown since its inception was -46.26%, which is greater than CPLIX's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for CTIGX and CPLIX.

Drawdown Indicators

	CTIGX	CPLIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.26%	-33.71%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-8.73%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-46.26%	-18.28%	-27.98%
Current Drawdown Current decline from peak	-11.56%	-8.73%	-2.83%
Average Drawdown Average peak-to-trough decline	-19.06%	-4.68%	-14.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.71%	+0.48%

Volatility

CTIGX vs. CPLIX - Volatility Comparison

Calamos Timpani SMID Growth Fund (CTIGX) has a higher volatility of 11.44% compared to Calamos Phineus Long/Short Fund (CPLIX) at 2.87%. This indicates that CTIGX's price experiences larger fluctuations and is considered to be riskier than CPLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTIGX	CPLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.44%	2.87%	+8.57%
Volatility (6M) Calculated over the trailing 6-month period	20.05%	6.07%	+13.98%
Volatility (1Y) Calculated over the trailing 1-year period	28.24%	9.38%	+18.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.74%	12.27%	+14.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.03%	15.26%	+13.77%