CVRT vs. CICVX
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Calamos Convertible Fund (CICVX).
CVRT is an actively managed fund by Calamos. It was launched on Oct 4, 2023. CICVX is managed by Calamos. It was launched on Jun 25, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or CICVX.
Correlation
The correlation between CVRT and CICVX is 0.91, 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.
Performance
CVRT vs. CICVX - Performance Comparison
Key characteristics
CVRT:
1.01
CICVX:
1.23
CVRT:
1.44
CICVX:
1.69
CVRT:
1.18
CICVX:
1.22
CVRT:
1.76
CICVX:
0.60
CVRT:
5.28
CICVX:
5.95
CVRT:
3.14%
CICVX:
1.81%
CVRT:
16.34%
CICVX:
8.72%
CVRT:
-9.42%
CICVX:
-36.63%
CVRT:
-4.98%
CICVX:
-7.13%
Returns By Period
In the year-to-date period, CVRT achieves a 16.75% return, which is significantly higher than CICVX's 10.82% return.
CVRT
16.75%
-4.12%
16.37%
16.58%
N/A
N/A
CICVX
10.82%
-2.70%
8.07%
10.76%
8.69%
7.74%
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CVRT vs. CICVX - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is lower than CICVX's 0.85% expense ratio.
Risk-Adjusted Performance
CVRT vs. CICVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Calamos Convertible Fund (CICVX). 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. CICVX - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.45%, more than CICVX's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.45% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CICVX Calamos Convertible Fund | 0.65% | 1.19% | 0.94% | 0.02% | 0.82% | 1.40% | 3.44% | 1.55% | 3.44% | 5.40% | 2.66% | 3.28% |
Drawdowns
CVRT vs. CICVX - Drawdown Comparison
The maximum CVRT drawdown since its inception was -9.42%, smaller than the maximum CICVX drawdown of -36.63%. Use the drawdown chart below to compare losses from any high point for CVRT and CICVX. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. CICVX - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 5.49% compared to Calamos Convertible Fund (CICVX) at 3.58%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than CICVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.