CVGRX vs. IVE
Compare and contrast key facts about Calamos Growth Fund (CVGRX) and iShares S&P 500 Value ETF (IVE).
CVGRX is managed by Calamos. It was launched on Sep 4, 1990. IVE is a passively managed fund by iShares that tracks the performance of the S&P 500 Value Index. It was launched on May 22, 2000.
Performance
CVGRX vs. IVE - Performance Comparison
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CVGRX vs. IVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | -13.66% | 16.08% | 32.32% | 37.64% | -33.33% | 23.06% | 32.97% | 31.11% | -6.14% | 26.58% |
IVE iShares S&P 500 Value ETF | -0.07% | 13.02% | 12.03% | 22.07% | -5.41% | 24.72% | 1.22% | 31.62% | -9.22% | 15.24% |
Returns By Period
In the year-to-date period, CVGRX achieves a -13.66% return, which is significantly lower than IVE's -0.07% return. Over the past 10 years, CVGRX has outperformed IVE with an annualized return of 12.11%, while IVE has yielded a comparatively lower 11.25% annualized return.
CVGRX
- 1D
- -0.83%
- 1M
- -9.33%
- YTD
- -13.66%
- 6M
- -12.25%
- 1Y
- 12.10%
- 3Y*
- 17.50%
- 5Y*
- 7.77%
- 10Y*
- 12.11%
IVE
- 1D
- 1.70%
- 1M
- -4.58%
- YTD
- -0.07%
- 6M
- 3.10%
- 1Y
- 12.68%
- 3Y*
- 13.69%
- 5Y*
- 10.30%
- 10Y*
- 11.25%
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CVGRX vs. IVE - Expense Ratio Comparison
CVGRX has a 1.28% expense ratio, which is higher than IVE's 0.18% expense ratio.
Return for Risk
CVGRX vs. IVE — Risk / Return Rank
CVGRX
IVE
CVGRX vs. IVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth Fund (CVGRX) and iShares S&P 500 Value ETF (IVE). 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.
| CVGRX | IVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.82 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.23 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.15 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.15 | 5.38 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVGRX | IVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.82 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.72 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.66 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.38 | +0.10 |
Correlation
The correlation between CVGRX and IVE is 0.78, 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.
Dividends
CVGRX vs. IVE - Dividend Comparison
CVGRX's dividend yield for the trailing twelve months is around 10.21%, more than IVE's 1.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | 10.21% | 8.81% | 6.66% | 4.48% | 0.00% | 12.17% | 11.25% | 9.71% | 16.86% | 13.75% | 4.12% | 35.24% |
IVE iShares S&P 500 Value ETF | 1.64% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
Drawdowns
CVGRX vs. IVE - Drawdown Comparison
The maximum CVGRX drawdown since its inception was -61.65%, roughly equal to the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for CVGRX and IVE.
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Drawdown Indicators
| CVGRX | IVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.65% | -61.32% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -12.00% | -4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -18.04% | -19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -37.04% | -0.39% |
Current DrawdownCurrent decline from peak | -16.00% | -4.58% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -10.17% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 2.55% | +1.63% |
Volatility
CVGRX vs. IVE - Volatility Comparison
Calamos Growth Fund (CVGRX) has a higher volatility of 6.33% compared to iShares S&P 500 Value ETF (IVE) at 3.82%. This indicates that CVGRX's price experiences larger fluctuations and is considered to be riskier than IVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVGRX | IVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 3.82% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 7.70% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.38% | 15.61% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 14.45% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 16.98% | +4.52% |