CVTRX vs. SPY
Compare and contrast key facts about Calamos Growth and Income Fund (CVTRX) and SPDR S&P 500 ETF (SPY).
CVTRX is managed by Calamos. It was launched on Sep 21, 1988. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVTRX or SPY.
Correlation
The correlation between CVTRX and SPY is 0.89, 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
CVTRX vs. SPY - Performance Comparison
Key characteristics
CVTRX:
1.67
SPY:
2.21
CVTRX:
2.24
SPY:
2.93
CVTRX:
1.31
SPY:
1.41
CVTRX:
1.36
SPY:
3.26
CVTRX:
10.56
SPY:
14.43
CVTRX:
1.78%
SPY:
1.90%
CVTRX:
11.28%
SPY:
12.41%
CVTRX:
-48.16%
SPY:
-55.19%
CVTRX:
-2.14%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CVTRX achieves a 21.51% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, CVTRX has underperformed SPY with an annualized return of 6.47%, while SPY has yielded a comparatively higher 12.97% annualized return.
CVTRX
21.51%
0.77%
8.40%
21.91%
9.17%
6.47%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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CVTRX vs. SPY - Expense Ratio Comparison
CVTRX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CVTRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth and Income Fund (CVTRX) and SPDR S&P 500 ETF (SPY). 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
CVTRX vs. SPY - Dividend Comparison
CVTRX's dividend yield for the trailing twelve months is around 0.24%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 0.24% | 0.64% | 1.19% | 0.53% | 1.04% | 1.23% | 1.88% | 1.55% | 3.25% | 3.57% | 1.31% | 1.56% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CVTRX vs. SPY - Drawdown Comparison
The maximum CVTRX drawdown since its inception was -48.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CVTRX and SPY. For additional features, visit the drawdowns tool.
Volatility
CVTRX vs. SPY - Volatility Comparison
The current volatility for Calamos Growth and Income Fund (CVTRX) is 3.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that CVTRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.