CVRT vs. CCEF
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Calamos CEF Income & Arbitrage ETF (CCEF).
CVRT and CCEF 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. CCEF is an actively managed fund by Calamos. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or CCEF.
Correlation
The correlation between CVRT and CCEF is 0.66, 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.
Performance
CVRT vs. CCEF - Performance Comparison
Key characteristics
CVRT:
0.80
CCEF:
2.42
CVRT:
1.26
CCEF:
3.13
CVRT:
1.18
CCEF:
1.45
CVRT:
1.43
CCEF:
3.62
CVRT:
5.05
CCEF:
12.66
CVRT:
3.52%
CCEF:
1.70%
CVRT:
22.18%
CCEF:
8.90%
CVRT:
-12.46%
CCEF:
-5.93%
CVRT:
-4.24%
CCEF:
-0.15%
Returns By Period
In the year-to-date period, CVRT achieves a 3.90% return, which is significantly lower than CCEF's 4.84% return.
CVRT
3.90%
-2.56%
13.85%
23.42%
N/A
N/A
CCEF
4.84%
0.89%
8.12%
20.82%
N/A
N/A
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CVRT vs. CCEF - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is lower than CCEF's 2.74% expense ratio.
Risk-Adjusted Performance
CVRT vs. CCEF — Risk-Adjusted Performance Rank
CVRT
CCEF
CVRT vs. CCEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Calamos CEF Income & Arbitrage ETF (CCEF). 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.
Dividends
CVRT vs. CCEF - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.54%, less than CCEF's 6.96% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.54% | 1.50% | 0.32% |
CCEF Calamos CEF Income & Arbitrage ETF | 6.96% | 6.55% | 0.00% |
Drawdowns
CVRT vs. CCEF - Drawdown Comparison
The maximum CVRT drawdown since its inception was -12.46%, which is greater than CCEF's maximum drawdown of -5.93%. Use the drawdown chart below to compare losses from any high point for CVRT and CCEF. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. CCEF - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 15.28% compared to Calamos CEF Income & Arbitrage ETF (CCEF) at 1.89%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than CCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.