CTSIX vs. SPY
Compare and contrast key facts about Calamos Timpani Small Cap Growth Fund (CTSIX) and SPDR S&P 500 ETF (SPY).
CTSIX is managed by Calamos. It was launched on Mar 23, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTSIX or SPY.
Key characteristics
| CTSIX | SPY | |
|---|---|---|
| YTD Return | 25.75% | 11.81% |
| 1Y Return | 30.74% | 31.01% |
| 3Y Return (Ann) | -4.14% | 9.97% |
| Sharpe Ratio | 1.39 | 2.61 |
| Daily Std Dev | 21.08% | 11.55% |
| Max Drawdown | -50.83% | -55.19% |
| Current Drawdown | -27.41% | 0.00% |
Correlation
The correlation between CTSIX and SPY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CTSIX vs. SPY - Performance Comparison
In the year-to-date period, CTSIX achieves a 25.75% return, which is significantly higher than SPY's 11.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CTSIX vs. SPY - Expense Ratio Comparison
CTSIX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CTSIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani Small Cap Growth Fund (CTSIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CTSIX vs. SPY - Dividend Comparison
CTSIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTSIX Calamos Timpani Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.77% | 4.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CTSIX vs. SPY - Drawdown Comparison
The maximum CTSIX drawdown since its inception was -50.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CTSIX and SPY. For additional features, visit the drawdowns tool.
Volatility
CTSIX vs. SPY - Volatility Comparison
Calamos Timpani Small Cap Growth Fund (CTSIX) has a higher volatility of 6.80% compared to SPDR S&P 500 ETF (SPY) at 3.48%. This indicates that CTSIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.