CVGRX vs. BIT
Compare and contrast key facts about Calamos Growth Fund (CVGRX) and BlackRock Multi-Sector Income Trust (BIT).
CVGRX is managed by Calamos. It was launched on Sep 4, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVGRX or BIT.
Key characteristics
| CVGRX | BIT | |
|---|---|---|
| YTD Return | 27.42% | 7.31% |
| 1Y Return | 46.48% | 16.16% |
| 3Y Return (Ann) | 5.30% | 1.66% |
| 5Y Return (Ann) | 15.10% | 6.86% |
| 10Y Return (Ann) | 11.84% | 7.75% |
| Sharpe Ratio | 2.94 | 1.97 |
| Sortino Ratio | 3.76 | 3.05 |
| Omega Ratio | 1.54 | 1.38 |
| Calmar Ratio | 2.05 | 1.75 |
| Martin Ratio | 15.97 | 6.14 |
| Ulcer Index | 2.96% | 2.85% |
| Daily Std Dev | 16.07% | 8.90% |
| Max Drawdown | -61.65% | -43.54% |
| Current Drawdown | -0.35% | -1.62% |
Correlation
The correlation between CVGRX and BIT is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CVGRX vs. BIT - Performance Comparison
In the year-to-date period, CVGRX achieves a 27.42% return, which is significantly higher than BIT's 7.31% return. Over the past 10 years, CVGRX has outperformed BIT with an annualized return of 11.84%, while BIT has yielded a comparatively lower 7.75% annualized 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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Risk-Adjusted Performance
CVGRX vs. BIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth Fund (CVGRX) and BlackRock Multi-Sector Income Trust (BIT). 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
CVGRX vs. BIT - Dividend Comparison
CVGRX's dividend yield for the trailing twelve months is around 3.51%, less than BIT's 10.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | 3.51% | 4.48% | 0.00% | 12.17% | 11.25% | 9.71% | 16.86% | 13.75% | 4.12% | 35.24% | 24.84% | 32.56% |
BIT BlackRock Multi-Sector Income Trust | 10.01% | 9.90% | 9.58% | 8.18% | 8.46% | 8.84% | 9.12% | 8.39% | 11.35% | 9.00% | 8.43% | 6.49% |
Drawdowns
CVGRX vs. BIT - Drawdown Comparison
The maximum CVGRX drawdown since its inception was -61.65%, which is greater than BIT's maximum drawdown of -43.54%. Use the drawdown chart below to compare losses from any high point for CVGRX and BIT. For additional features, visit the drawdowns tool.
Volatility
CVGRX vs. BIT - Volatility Comparison
Calamos Growth Fund (CVGRX) has a higher volatility of 3.20% compared to BlackRock Multi-Sector Income Trust (BIT) at 1.72%. This indicates that CVGRX's price experiences larger fluctuations and is considered to be riskier than BIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.