CVTRX vs. AAAAX
CVTRX (Calamos Growth and Income Fund) and AAAAX (DWS RREEF Real Assets Fund - Class A) are both Diversified Portfolio funds. Over the past 10 years, CVTRX returned 12.55%/yr vs 6.85%/yr for AAAAX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. CVTRX charges 1.05%/yr vs 1.22%/yr for AAAAX.
Performance
CVTRX vs. AAAAX - Performance Comparison
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Returns By Period
In the year-to-date period, CVTRX achieves a 9.24% return, which is significantly lower than AAAAX's 11.12% return. Over the past 10 years, CVTRX has outperformed AAAAX with an annualized return of 12.55%, while AAAAX has yielded a comparatively lower 6.85% annualized return.
CVTRX
- 1D
- 2.05%
- 1M
- -1.02%
- 6M
- 7.17%
- YTD
- 9.24%
- 1Y
- 19.81%
- 3Y*
- 17.01%
- 5Y*
- 10.14%
- 10Y*
- 12.55%
- ALL TIME*
- 11.06%
AAAAX
- 1D
- 0.45%
- 1M
- 2.66%
- 6M
- 3.23%
- YTD
- 11.12%
- 1Y
- 17.87%
- 3Y*
- 10.05%
- 5Y*
- 5.12%
- 10Y*
- 6.85%
- ALL TIME*
- 4.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CVTRX vs. AAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 9.24% | 17.46% | 20.66% | 20.36% | -18.45% | 21.05% | 22.43% | 25.97% | -3.97% | 16.06% |
AAAAX DWS RREEF Real Assets Fund - Class A | 11.12% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
Correlation
The correlation between CVTRX and AAAAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007 | 0.71 |
Over the past year, the correlation between CVTRX and AAAAX has dropped to 0.27 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
CVTRX vs. AAAAX — Risk / Return Rank
CVTRX
AAAAX
CVTRX vs. AAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth and Income Fund (CVTRX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVTRX | AAAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.96 | -1.01 |
| Martin ratioReturn relative to average drawdown | 8.18 | 8.10 | +0.07 |
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Drawdowns
CVTRX vs. AAAAX - Drawdown Comparison
The maximum CVTRX drawdown since its inception was -44.13%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for CVTRX and AAAAX.
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Drawdown Indicators
| CVTRX | AAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.13% | -40.47% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -5.82% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -10.11% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -22.62% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -28.20% | -29.41% | +1.21% |
Current DrawdownCurrent decline from peak | -2.48% | -2.35% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -6.82% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.13% | +0.05% |
Volatility
CVTRX vs. AAAAX - Volatility Comparison
Calamos Growth and Income Fund (CVTRX) has a higher volatility of 3.80% compared to DWS RREEF Real Assets Fund - Class A (AAAAX) at 2.20%. This indicates that CVTRX's price experiences larger fluctuations and is considered to be riskier than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVTRX | AAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.20% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 7.47% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 9.33% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 12.05% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 12.67% | +2.76% |
CVTRX vs. AAAAX - Expense Ratio Comparison
CVTRX has a 1.05% expense ratio, which is lower than AAAAX's 1.22% expense ratio.
Dividends
CVTRX vs. AAAAX - Dividend Comparison
CVTRX's dividend yield for the trailing twelve months is around 6.69%, more than AAAAX's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 5.95% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
CVTRX Calamos Growth and Income Fund | 6.69% | 7.38% | 4.83% | 4.18% | 4.02% | 5.52% | 3.22% | 3.56% | 8.61% | 7.21% | 7.31% | 6.96% |
Frequently Asked Questions
CVTRX and AAAAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVTRX has higher volatility (3.80%) compared to AAAAX (2.20%). In terms of maximum drawdown, CVTRX dropped -44.13% vs AAAAX's -40.47%.
AAAAX currently has the higher Sharpe Ratio (1.86 vs 1.37), 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.
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