CVGRX vs. VSPGX
CVGRX (Calamos Growth Fund) and VSPGX (Vanguard S&P 500 Growth Index Fund Institutional Shares) are both Large Cap Growth Equities funds. Over the past 5 years, CVGRX returned 10.10%/yr vs 13.55%/yr for VSPGX. Their 0.97 correlation means they have historically moved very closely together. CVGRX charges 1.28%/yr vs 0.05%/yr for VSPGX.
Performance
CVGRX vs. VSPGX - Performance Comparison
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Returns By Period
In the year-to-date period, CVGRX achieves a 8.19% return, which is significantly lower than VSPGX's 12.48% return.
CVGRX
- 1D
- 2.36%
- 1M
- 1.51%
- 6M
- 10.71%
- YTD
- 8.19%
- 1Y
- 15.19%
- 3Y*
- 21.58%
- 5Y*
- 10.10%
- 10Y*
- 14.26%
- ALL TIME*
- 11.28%
VSPGX
- 1D
- 2.24%
- 1M
- 1.98%
- 6M
- 13.33%
- YTD
- 12.48%
- 1Y
- 22.00%
- 3Y*
- 25.91%
- 5Y*
- 13.55%
- 10Y*
- —
- ALL TIME*
- 18.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CVGRX Calamos Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
CVGRX vs. VSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | 8.19% | 16.08% | 32.32% | 37.64% | -33.33% | 23.06% | 32.97% | 31.11% | -6.14% | 21.22% |
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 12.48% | 21.91% | 35.48% | 30.38% | -29.46% | 31.88% | 33.34% | 31.06% | -0.05% | 23.40% |
Correlation
The correlation between CVGRX and VSPGX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.97 |
The correlation between CVGRX and VSPGX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
CVGRX vs. VSPGX — Risk / Return Rank
CVGRX
VSPGX
CVGRX vs. VSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth Fund (CVGRX) and Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX). 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 | VSPGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.79 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.68 | 6.51 | -2.83 |
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Drawdowns
CVGRX vs. VSPGX - Drawdown Comparison
The maximum CVGRX drawdown since its inception was -61.65%, which is greater than VSPGX's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for CVGRX and VSPGX.
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Drawdown Indicators
| CVGRX | VSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.65% | -32.73% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -13.68% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.81% | -22.34% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -32.73% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -2.24% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -6.73% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 3.75% | +0.94% |
Volatility
CVGRX vs. VSPGX - Volatility Comparison
Calamos Growth Fund (CVGRX) and Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) have volatilities of 6.32% and 6.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVGRX | VSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 6.37% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 14.93% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 18.11% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 21.62% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 21.39% | +0.34% |
CVGRX vs. VSPGX - Expense Ratio Comparison
CVGRX has a 1.28% expense ratio, which is higher than VSPGX's 0.05% expense ratio.
Dividends
CVGRX vs. VSPGX - Dividend Comparison
CVGRX's dividend yield for the trailing twelve months is around 8.15%, more than VSPGX's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVGRX Calamos Growth Fund | 8.15% | 8.81% | 6.66% | 4.48% | 0.00% | 12.17% | 11.25% | 9.71% | 16.86% | 13.75% | 4.12% | 35.24% |
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 0.47% | 0.38% | 0.50% | 1.14% | 0.95% | 0.55% | 0.89% | 0.68% | 0.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, CVGRX and VSPGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VSPGX has higher volatility (6.37%) compared to CVGRX (6.32%). In terms of maximum drawdown, CVGRX dropped -61.65% vs VSPGX's -32.73%.
VSPGX currently has the higher Sharpe Ratio (1.35 vs 0.94), 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.
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