CTRIX vs. CTSIX

Last updated Aug 4, 2026

CTRIX (Calamos Total Return Bond Fund) and CTSIX (Calamos Timpani Small Cap Growth Fund) are both mutual funds - CTRIX is a Intermediate Core-Plus Bond fund managed by Calamos, while CTSIX is a Small Cap Growth Equities fund managed by Calamos. Over the past 5 years, CTRIX returned -0.61%/yr vs 7.31%/yr for CTSIX. Their 0.10 correlation means their historical movements had little consistent relationship. CTRIX charges 0.65%/yr vs 1.05%/yr for CTSIX.

Performance

CTRIX vs. CTSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Total Return Bond Fund (CTRIX) and Calamos Timpani Small Cap Growth Fund (CTSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTRIX achieves a -1.19% return, which is significantly lower than CTSIX's 18.97% return.

CTRIX

• 1D: -0.22%
• 1M: -1.44%
• 6M: -1.26%
• YTD: -1.19%
• 1Y: 1.32%
• 3Y*: 3.50%
• 5Y*: -0.61%
• 10Y*: 1.27%
• ALL TIME*: 2.02%

CTSIX

• 1D: -0.37%
• 1M: -9.89%
• 6M: 18.17%
• YTD: 18.97%
• 1Y: 39.64%
• 3Y*: 27.12%
• 5Y*: 7.31%
• 10Y*: —
• ALL TIME*: 14.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTRIX Calamos Total Return Bond Fund	$0.00	$0.00	$0.00
CTSIX Calamos Timpani Small Cap Growth Fund	$0.00	$0.00	$0.00

CTRIX vs. CTSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CTRIX Calamos Total Return Bond Fund	-1.19%	7.31%	1.49%	4.78%	-12.91%	-1.27%	6.97%	3.18%
CTSIX Calamos Timpani Small Cap Growth Fund	18.97%	25.90%	44.34%	7.57%	-37.30%	9.12%	63.38%	1.20%

Correlation

The correlation between CTRIX and CTSIX is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (All Time) Calculated using the full available price history since Jun 10, 2019	0.10

The correlation between CTRIX and CTSIX shifts across timeframes, from 0.10 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CTRIX vs. CTSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CTRIX

CTRIX Risk / Return Rank: 13
CTRIX Sharpe Ratio Rank: 13
CTRIX Sortino Ratio Rank: 12
CTRIX Omega Ratio Rank: 12
CTRIX Calmar Ratio Rank: 14
CTRIX Martin Ratio Rank: 13

CTSIX

CTSIX Risk / Return Rank: 44
CTSIX Sharpe Ratio Rank: 36
CTSIX Sortino Ratio Rank: 35
CTSIX Omega Ratio Rank: 34
CTSIX Calmar Ratio Rank: 54
CTSIX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CTRIX vs. CTSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Total Return Bond Fund (CTRIX) and Calamos Timpani Small Cap Growth Fund (CTSIX). 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.

	CTRIX	CTSIX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.21	-0.63
Sortino ratio: Return per unit of downside risk	0.85	1.75	-0.91
Omega ratio: Gain probability vs. loss probability	1.10	1.22	-0.11
Calmar ratio: Return relative to maximum drawdown	0.76	2.08	-1.32
Martin ratio: Return relative to average drawdown	1.89	8.64	-6.75

CTRIX vs. CTSIX - Sharpe Ratio Comparison

The current CTRIX Sharpe Ratio is 0.57, which is lower than the CTSIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CTRIX and CTSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTRIX vs. CTSIX - Drawdown Comparison

The maximum CTRIX drawdown since its inception was -17.84%, smaller than the maximum CTSIX drawdown of -50.83%. Use the drawdown chart below to compare losses from any high point for CTRIX and CTSIX.

Drawdown Indicators

	CTRIX	CTSIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-50.83%	+32.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	-17.99%	+15.20%
Max Drawdown (3Y) Largest decline over 3 years	-5.35%	-28.40%	+23.05%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	-50.60%	+32.84%
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	—	—
Current Drawdown Current decline from peak	-3.18%	-15.14%	+11.96%
Average Drawdown Average peak-to-trough decline	-3.03%	-20.30%	+17.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	4.33%	-3.21%

Volatility

CTRIX vs. CTSIX - Volatility Comparison

The current volatility for Calamos Total Return Bond Fund (CTRIX) is 0.89%, while Calamos Timpani Small Cap Growth Fund (CTSIX) has a volatility of 10.46%. This indicates that CTRIX experiences smaller price fluctuations and is considered to be less risky than CTSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTRIX	CTSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	10.46%	-9.57%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	25.51%	-22.58%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	30.95%	-27.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.55%	28.60%	-23.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.60%	30.01%	-25.41%

CTRIX vs. CTSIX - Expense Ratio Comparison

CTRIX has a 0.65% expense ratio, which is lower than CTSIX's 1.05% expense ratio.

Dividends

CTRIX vs. CTSIX - Dividend Comparison

CTRIX's dividend yield for the trailing twelve months is around 3.27%, while CTSIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTRIX Calamos Total Return Bond Fund	3.27%	3.90%	3.63%	2.61%	2.71%	3.46%	2.42%	2.79%	2.89%	3.29%	2.76%	4.68%
CTSIX Calamos Timpani Small Cap Growth Fund	0.00%	0.00%	2.58%	0.00%	0.00%	0.00%	3.77%	4.95%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTRIX and CTSIX in my portfolio?

CTRIX and CTSIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTRIX or CTSIX?

CTSIX has higher volatility (10.46%) compared to CTRIX (0.89%). In terms of maximum drawdown, CTRIX dropped -17.84% vs CTSIX's -50.83%.

Which has better risk-adjusted returns?

CTSIX currently has the higher Sharpe Ratio (1.21 vs 0.57), 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.