CVRT vs. BND
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard Total Bond Market ETF (BND).
CVRT and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRT is an actively managed fund by Calamos. It was launched on Oct 4, 2023. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
CVRT vs. BND - Performance Comparison
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CVRT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 9.28% | 29.37% | 13.23% | 11.02% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 7.52% |
Returns By Period
In the year-to-date period, CVRT achieves a 9.28% return, which is significantly higher than BND's 0.05% return.
CVRT
- 1D
- 3.84%
- 1M
- -3.00%
- YTD
- 9.28%
- 6M
- 15.65%
- 1Y
- 47.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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CVRT vs. BND - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
CVRT vs. BND — Risk / Return Rank
CVRT
BND
CVRT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard Total Bond Market ETF (BND). 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.
| CVRT | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 0.99 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.75 | 1.41 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 4.10 | 1.81 | +2.29 |
Martin ratioReturn relative to average drawdown | 18.03 | 4.98 | +13.05 |
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
| CVRT | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.99 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.59 | +0.75 |
Correlation
The correlation between CVRT and BND is 0.15, 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.
Dividends
CVRT vs. BND - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.59%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.59% | 1.68% | 1.49% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
CVRT vs. BND - Drawdown Comparison
The maximum CVRT drawdown since its inception was -20.71%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for CVRT and BND.
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Drawdown Indicators
| CVRT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.71% | -18.58% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -2.44% | -9.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -5.08% | -2.58% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -3.07% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.89% | +1.74% |
Volatility
CVRT vs. BND - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 10.03% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVRT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 1.63% | +8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 2.52% | +15.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 4.30% | +18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 6.00% | +13.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 5.52% | +14.14% |