CVGRX vs. AEPGX

Last updated Jun 13, 2026

CVGRX (Calamos Growth Fund) and AEPGX (American Funds EuroPacific Growth Fund Class A) are both mutual funds - CVGRX is a Large Cap Growth Equities fund managed by Calamos, while AEPGX is a Foreign Large Cap Equities fund managed by American Funds. Over the past 10 years, CVGRX returned 14.43%/yr vs 8.78%/yr for AEPGX. A 0.64 correlation means they provide meaningful diversification when combined. CVGRX charges 1.28%/yr vs 0.80%/yr for AEPGX.

Performance

CVGRX vs. AEPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Growth Fund (CVGRX) and American Funds EuroPacific Growth Fund Class A (AEPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVGRX achieves a 5.31% return, which is significantly lower than AEPGX's 9.44% return. Over the past 10 years, CVGRX has outperformed AEPGX with an annualized return of 14.43%, while AEPGX has yielded a comparatively lower 8.78% annualized return.

CVGRX

• 1D: 2.22%
• 1M: -3.49%
• YTD: 5.31%
• 6M: 5.88%
• 1Y: 21.01%
• 3Y*: 21.43%
• 5Y*: 10.97%
• 10Y*: 14.43%

AEPGX

• 1D: 3.37%
• 1M: 3.32%
• YTD: 9.44%
• 6M: 11.59%
• 1Y: 24.88%
• 3Y*: 14.46%
• 5Y*: 3.35%
• 10Y*: 8.78%

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

CVGRX vs. AEPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVGRX Calamos Growth Fund	5.31%	16.08%	32.32%	37.64%	-33.33%	23.06%	32.97%	31.11%	-6.14%	26.58%
AEPGX American Funds EuroPacific Growth Fund Class A	9.44%	28.88%	2.63%	15.65%	-23.06%	-1.64%	24.80%	26.94%	-15.21%	30.74%

Correlation

The correlation between CVGRX and AEPGX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 31, 1990	0.64

The correlation between CVGRX and AEPGX has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

Return for Risk

CVGRX vs. AEPGX — Risk / Return Rank

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

CVGRX

CVGRX Risk / Return Rank: 22
CVGRX Sharpe Ratio Rank: 23
CVGRX Sortino Ratio Rank: 22
CVGRX Omega Ratio Rank: 23
CVGRX Calmar Ratio Rank: 18
CVGRX Martin Ratio Rank: 22

AEPGX

AEPGX Risk / Return Rank: 39
AEPGX Sharpe Ratio Rank: 39
AEPGX Sortino Ratio Rank: 38
AEPGX Omega Ratio Rank: 41
AEPGX Calmar Ratio Rank: 37
AEPGX Martin Ratio Rank: 39

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.

CVGRX vs. AEPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Growth Fund (CVGRX) and American Funds EuroPacific Growth Fund Class A (AEPGX). 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.

	CVGRX	AEPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.44	-0.29
Sortino ratio: Return per unit of downside risk	1.61	2.06	-0.45
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.24	1.88	-0.65
Martin ratio: Return relative to average drawdown	4.55	6.97	-2.42

CVGRX vs. AEPGX - Sharpe Ratio Comparison

The current CVGRX Sharpe Ratio is 1.14, which is comparable to the AEPGX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of CVGRX and AEPGX, 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

CVGRX vs. AEPGX - Drawdown Comparison

The maximum CVGRX drawdown since its inception was -61.65%, which is greater than AEPGX's maximum drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for CVGRX and AEPGX.

Drawdown Indicators

	CVGRX	AEPGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.65%	-53.98%	-7.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.00%	-12.56%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.81%	-15.75%	-8.06%
Max Drawdown (5Y) Largest decline over 5 years	-37.43%	-37.53%	+0.10%
Max Drawdown (10Y) Largest decline over 10 years	-37.43%	-38.50%	+1.07%
Current Drawdown Current decline from peak	-5.34%	-2.45%	-2.89%
Average Drawdown Average peak-to-trough decline	-11.50%	-11.47%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	3.38%	+0.95%

Volatility

CVGRX vs. AEPGX - Volatility Comparison

The current volatility for Calamos Growth Fund (CVGRX) is 6.40%, while American Funds EuroPacific Growth Fund Class A (AEPGX) has a volatility of 7.19%. This indicates that CVGRX experiences smaller price fluctuations and is considered to be less risky than AEPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVGRX	AEPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	7.19%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	14.17%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.28%	16.43%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.93%	16.93%	+5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	17.02%	+4.64%

CVGRX vs. AEPGX - Expense Ratio Comparison

CVGRX has a 1.28% expense ratio, which is higher than AEPGX's 0.80% expense ratio.

Dividends

CVGRX vs. AEPGX - Dividend Comparison

CVGRX's dividend yield for the trailing twelve months is around 8.37%, less than AEPGX's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEPGX American Funds EuroPacific Growth Fund Class A	10.00%	13.69%	4.56%	3.57%	1.72%	5.15%	0.17%	2.79%	6.33%	4.66%	1.24%	3.05%
CVGRX Calamos Growth Fund	8.37%	8.81%	6.66%	4.48%	0.00%	12.17%	11.25%	9.71%	16.86%	13.75%	4.12%	35.24%

Frequently Asked Questions

Can I hold both CVGRX and AEPGX in my portfolio?

CVGRX and AEPGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVGRX or AEPGX?

AEPGX has higher volatility (7.19%) compared to CVGRX (6.40%). In terms of maximum drawdown, CVGRX dropped -61.65% vs AEPGX's -53.98%.

Which has better risk-adjusted returns?

AEPGX currently has the higher Sharpe Ratio (1.44 vs 1.14), 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.