CVRT vs. FLJH
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Franklin FTSE Japan Hedged ETF (FLJH).
CVRT and FLJH 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. FLJH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Hedged to USD Net Tax Index. It was launched on Nov 2, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or FLJH.
Correlation
The correlation between CVRT and FLJH is 0.40, 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. FLJH - Performance Comparison
Key characteristics
CVRT:
1.11
FLJH:
1.30
CVRT:
1.57
FLJH:
1.70
CVRT:
1.19
FLJH:
1.25
CVRT:
1.92
FLJH:
1.25
CVRT:
5.82
FLJH:
4.34
CVRT:
3.10%
FLJH:
5.86%
CVRT:
16.26%
FLJH:
19.58%
CVRT:
-9.42%
FLJH:
-31.36%
CVRT:
-5.11%
FLJH:
-5.36%
Returns By Period
In the year-to-date period, CVRT achieves a 16.74% return, which is significantly lower than FLJH's 23.28% return.
CVRT
16.74%
-3.43%
17.39%
16.68%
N/A
N/A
FLJH
23.28%
0.87%
3.12%
24.65%
15.48%
N/A
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CVRT vs. FLJH - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than FLJH's 0.09% expense ratio.
Risk-Adjusted Performance
CVRT vs. FLJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Franklin FTSE Japan Hedged ETF (FLJH). 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. FLJH - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.35%, less than FLJH's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.35% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLJH Franklin FTSE Japan Hedged ETF | 5.17% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% |
Drawdowns
CVRT vs. FLJH - Drawdown Comparison
The maximum CVRT drawdown since its inception was -9.42%, smaller than the maximum FLJH drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for CVRT and FLJH. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. FLJH - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 5.21% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 4.88%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.