CVRT vs. FCVT
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and First Trust SSI Strategic Convertible Securities ETF (FCVT).
CVRT and FCVT 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. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or FCVT.
Key characteristics
| CVRT | FCVT | |
|---|---|---|
| YTD Return | 4.79% | 6.38% |
| 1Y Return | 13.09% | 13.21% |
| 3Y Return (Ann) | 13.73% | -3.98% |
| 5Y Return (Ann) | 13.73% | 8.43% |
| Sharpe Ratio | 0.73 | 1.22 |
| Daily Std Dev | 16.91% | 10.42% |
| Max Drawdown | -25.10% | -31.79% |
| Current Drawdown | -0.99% | -17.21% |
Correlation
The correlation between CVRT and FCVT is 0.21, 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.
Performance
CVRT vs. FCVT - Performance Comparison
In the year-to-date period, CVRT achieves a 4.79% return, which is significantly lower than FCVT's 6.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVRT vs. FCVT - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is lower than FCVT's 0.95% expense ratio.
Risk-Adjusted Performance
CVRT vs. FCVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and First Trust SSI Strategic Convertible Securities ETF (FCVT). 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. FCVT - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.56%, less than FCVT's 1.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.56% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.67% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
Drawdowns
CVRT vs. FCVT - Drawdown Comparison
The maximum CVRT drawdown since its inception was -25.10%, smaller than the maximum FCVT drawdown of -31.79%. Use the drawdown chart below to compare losses from any high point for CVRT and FCVT. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. FCVT - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 4.06% compared to First Trust SSI Strategic Convertible Securities ETF (FCVT) at 2.57%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than FCVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.