CVGRX vs. SPYG
Compare and contrast key facts about Calamos Growth Fund (CVGRX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
CVGRX is managed by Calamos. It was launched on Sep 4, 1990. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Performance
CVGRX vs. SPYG - Performance Comparison
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CVGRX vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | -10.05% | 16.08% | 32.32% | 37.64% | -33.33% | 23.06% | 32.97% | 31.11% | -6.14% | 26.58% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -6.91% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Returns By Period
In the year-to-date period, CVGRX achieves a -10.05% return, which is significantly lower than SPYG's -6.91% return. Over the past 10 years, CVGRX has underperformed SPYG with an annualized return of 12.57%, while SPYG has yielded a comparatively higher 15.90% annualized return.
CVGRX
- 1D
- 4.19%
- 1M
- -5.84%
- YTD
- -10.05%
- 6M
- -8.90%
- 1Y
- 15.95%
- 3Y*
- 19.12%
- 5Y*
- 8.26%
- 10Y*
- 12.57%
SPYG
- 1D
- 1.32%
- 1M
- -4.24%
- YTD
- -6.91%
- 6M
- -5.21%
- 1Y
- 23.24%
- 3Y*
- 22.39%
- 5Y*
- 12.53%
- 10Y*
- 15.90%
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CVGRX vs. SPYG - Expense Ratio Comparison
CVGRX has a 1.28% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Return for Risk
CVGRX vs. SPYG — Risk / Return Rank
CVGRX
SPYG
CVGRX vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth Fund (CVGRX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.04 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.62 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.75 | -0.70 |
Martin ratioReturn relative to average drawdown | 3.97 | 6.81 | -2.83 |
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 | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.04 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.60 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.32 | +0.17 |
Correlation
The correlation between CVGRX and SPYG is 0.89, 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. SPYG - Dividend Comparison
CVGRX's dividend yield for the trailing twelve months is around 9.80%, more than SPYG's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | 9.80% | 8.81% | 6.66% | 4.48% | 0.00% | 12.17% | 11.25% | 9.71% | 16.86% | 13.75% | 4.12% | 35.24% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
CVGRX vs. SPYG - Drawdown Comparison
The maximum CVGRX drawdown since its inception was -61.65%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for CVGRX and SPYG.
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Drawdown Indicators
| CVGRX | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.65% | -67.63% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -13.76% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -32.67% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -32.67% | -4.76% |
Current DrawdownCurrent decline from peak | -12.48% | -9.06% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -24.48% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 3.55% | +0.70% |
Volatility
CVGRX vs. SPYG - Volatility Comparison
Calamos Growth Fund (CVGRX) has a higher volatility of 7.78% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 7.32%. This indicates that CVGRX's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVGRX | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 7.32% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 12.90% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.72% | 22.42% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 21.13% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 20.57% | +0.97% |