CVRT vs. GLD
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and SPDR Gold Trust (GLD).
CVRT and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or GLD.
Correlation
The correlation between CVRT and GLD 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. GLD - Performance Comparison
Key characteristics
CVRT:
0.80
GLD:
2.97
CVRT:
1.26
GLD:
3.74
CVRT:
1.18
GLD:
1.50
CVRT:
1.43
GLD:
5.59
CVRT:
5.05
GLD:
15.27
CVRT:
3.52%
GLD:
2.97%
CVRT:
22.18%
GLD:
15.33%
CVRT:
-12.46%
GLD:
-45.56%
CVRT:
-4.24%
GLD:
0.00%
Returns By Period
In the year-to-date period, CVRT achieves a 3.90% return, which is significantly lower than GLD's 11.92% return.
CVRT
3.90%
-2.56%
13.85%
23.42%
N/A
N/A
GLD
11.92%
7.06%
18.15%
44.54%
11.90%
8.93%
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CVRT vs. GLD - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
CVRT vs. GLD — Risk-Adjusted Performance Rank
CVRT
GLD
CVRT vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.54%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.54% | 1.50% | 0.32% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
CVRT vs. GLD - Drawdown Comparison
The maximum CVRT drawdown since its inception was -12.46%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CVRT and GLD. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. GLD - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 15.28% compared to SPDR Gold Trust (GLD) at 3.74%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.