CVRT vs. EUHY
CVRT (Calamos Convertible Equity Alternative ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - CVRT is a Convertible Bonds fund actively managed by Calamos, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. CVRT is actively managed, while EUHY is passively managed. Over the past year, CVRT returned 65.98% vs 5.47% for EUHY. At a 0.36 correlation, their price movements are largely independent. CVRT charges 0.69%/yr vs 0.35%/yr for EUHY.
Performance
CVRT vs. EUHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVRT achieves a 33.68% return, which is significantly higher than EUHY's 1.70% return.
CVRT
- 1D
- 0.22%
- 1M
- 0.03%
- YTD
- 33.68%
- 6M
- 32.37%
- 1Y
- 65.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
CVRT vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 33.68% | 29.37% | 13.23% | 11.44% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -0.55% | 13.21% |
Correlation
The correlation between CVRT and EUHY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CVRT vs. EUHY — Risk / Return Rank
CVRT
EUHY
CVRT vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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 | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.19 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 1.57 | +6.14 |
| Martin ratioReturn relative to average drawdown | 29.24 | 3.75 | +25.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CVRT | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | 1.00 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.68 | 0.34 | +1.34 |
Drawdowns
CVRT vs. EUHY - Drawdown Comparison
The maximum CVRT drawdown since its inception was -20.71%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for CVRT and EUHY.
Loading charts...
Drawdown Indicators
| CVRT | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.71% | -32.45% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -3.50% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -6.26% | -0.38% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -8.58% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.46% | +0.80% |
Volatility
CVRT vs. EUHY - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 9.06% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CVRT | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 1.03% | +8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 2.89% | +15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 5.51% | +16.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 10.00% | +10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 10.42% | +9.78% |
CVRT vs. EUHY - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than EUHY's 0.35% expense ratio.
Dividends
CVRT vs. EUHY - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.50%, less than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.50% | 1.68% | 1.49% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Frequently Asked Questions
CVRT and EUHY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVRT has higher volatility (9.06%) compared to EUHY (1.03%). In terms of maximum drawdown, CVRT dropped -20.71% vs EUHY's -32.45%.
On 1-year performance, CVRT leads with 65.98% vs 5.47% for EUHY. On fees, EUHY is cheaper at 0.35% per year. On volatility, EUHY has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CVRT has performed better with a 65.98% return vs 5.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUHY is cheaper with a 0.35% expense ratio, compared with 0.69% for CVRT.
EUHY has the higher dividend yield at 5.35%, compared with 1.50% for CVRT.
CVRT is categorized as Convertible Bonds, while EUHY is High Yield Bonds. They also come from different issuers: Calamos and iShares. Their fees differ too: 0.69% for CVRT and 0.35% for EUHY.
CVRT currently has the higher Sharpe Ratio (2.99 vs 1.00), 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.
Find the right allocation for CVRT and EUHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer