CVRT vs. VFIAX
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
CVRT is an actively managed fund by Calamos. It was launched on Oct 4, 2023. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or VFIAX.
Key characteristics
| CVRT | VFIAX | |
|---|---|---|
| YTD Return | 8.92% | 21.09% |
| 1Y Return | 24.65% | 32.68% |
| Sharpe Ratio | 1.47 | 2.82 |
| Sortino Ratio | 1.99 | 3.74 |
| Omega Ratio | 1.25 | 1.53 |
| Calmar Ratio | 2.44 | 4.04 |
| Martin Ratio | 7.64 | 18.32 |
| Ulcer Index | 3.00% | 1.86% |
| Daily Std Dev | 15.65% | 12.11% |
| Max Drawdown | -9.42% | -55.20% |
| Current Drawdown | -1.16% | -2.57% |
Correlation
The correlation between CVRT and VFIAX is 0.75, 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. VFIAX - Performance Comparison
In the year-to-date period, CVRT achieves a 8.92% return, which is significantly lower than VFIAX's 21.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CVRT vs. VFIAX - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Risk-Adjusted Performance
CVRT vs. VFIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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. VFIAX - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.59%, more than VFIAX's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.59% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.28% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CVRT vs. VFIAX - Drawdown Comparison
The maximum CVRT drawdown since its inception was -9.42%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for CVRT and VFIAX. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. VFIAX - Volatility Comparison
The current volatility for Calamos Convertible Equity Alternative ETF (CVRT) is 2.66%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 2.94%. This indicates that CVRT experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.