CVLOX vs. CHY
Compare and contrast key facts about Calamos Global Opportunities Fund (CVLOX) and Calamos Convertible and High Income Closed Fund (CHY).
CVLOX is managed by Calamos. It was launched on Sep 8, 1996. CHY is an actively managed fund by Calamos. It was launched on May 28, 2003.
Performance
CVLOX vs. CHY - Performance Comparison
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CVLOX vs. CHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVLOX Calamos Global Opportunities Fund | 0.00% | 15.84% | 23.81% | 13.88% | -22.17% | 15.72% | 31.76% | 18.28% | -9.88% | 20.04% |
CHY Calamos Convertible and High Income Closed Fund | 0.11% | 3.97% | 17.24% | 20.78% | -28.05% | 22.17% | 36.75% | 32.63% | -12.60% | 24.44% |
Returns By Period
Over the past 10 years, CVLOX has underperformed CHY with an annualized return of 9.78%, while CHY has yielded a comparatively higher 11.10% annualized return.
CVLOX
- 1D
- 3.21%
- 1M
- -6.07%
- YTD
- 0.00%
- 6M
- -1.45%
- 1Y
- 20.39%
- 3Y*
- 15.46%
- 5Y*
- 6.87%
- 10Y*
- 9.78%
CHY
- 1D
- 2.20%
- 1M
- -6.43%
- YTD
- 0.11%
- 6M
- 4.58%
- 1Y
- 21.96%
- 3Y*
- 11.89%
- 5Y*
- 3.93%
- 10Y*
- 11.10%
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CVLOX vs. CHY - Expense Ratio Comparison
CVLOX has a 1.22% expense ratio, which is lower than CHY's 2.64% expense ratio.
Return for Risk
CVLOX vs. CHY — Risk / Return Rank
CVLOX
CHY
CVLOX vs. CHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Opportunities Fund (CVLOX) and Calamos Convertible and High Income Closed Fund (CHY). 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.
| CVLOX | CHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.27 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.80 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.00 | +0.08 |
Martin ratioReturn relative to average drawdown | 7.62 | 9.39 | -1.77 |
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
| CVLOX | CHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.27 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.21 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.48 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.19 |
Correlation
The correlation between CVLOX and CHY is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CVLOX vs. CHY - Dividend Comparison
CVLOX's dividend yield for the trailing twelve months is around 9.08%, less than CHY's 10.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLOX Calamos Global Opportunities Fund | 9.08% | 9.10% | 8.15% | 0.61% | 0.00% | 5.71% | 6.11% | 1.28% | 12.65% | 6.04% | 0.68% | 1.28% |
CHY Calamos Convertible and High Income Closed Fund | 10.78% | 10.61% | 9.88% | 10.46% | 11.37% | 7.42% | 7.14% | 8.72% | 12.13% | 10.13% | 11.37% | 11.42% |
Drawdowns
CVLOX vs. CHY - Drawdown Comparison
The maximum CVLOX drawdown since its inception was -46.61%, smaller than the maximum CHY drawdown of -60.53%. Use the drawdown chart below to compare losses from any high point for CVLOX and CHY.
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Drawdown Indicators
| CVLOX | CHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.61% | -60.53% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -11.42% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -35.99% | +6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | -50.41% | +20.44% |
Current DrawdownCurrent decline from peak | -6.95% | -6.90% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -9.16% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.43% | +0.26% |
Volatility
CVLOX vs. CHY - Volatility Comparison
The current volatility for Calamos Global Opportunities Fund (CVLOX) is 7.15%, while Calamos Convertible and High Income Closed Fund (CHY) has a volatility of 8.04%. This indicates that CVLOX experiences smaller price fluctuations and is considered to be less risky than CHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVLOX | CHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 8.04% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 12.12% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 17.36% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 19.17% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 23.14% | -8.50% |