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:
1.16
SPY:
1.75
CVTRX:
1.57
SPY:
2.36
CVTRX:
1.22
SPY:
1.32
CVTRX:
1.44
SPY:
2.66
CVTRX:
5.20
SPY:
11.01
CVTRX:
2.62%
SPY:
2.03%
CVTRX:
11.82%
SPY:
12.77%
CVTRX:
-48.16%
SPY:
-55.19%
CVTRX:
-5.28%
SPY:
-2.12%
Returns By Period
In the year-to-date period, CVTRX achieves a 1.44% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, CVTRX has underperformed SPY with an annualized return of 5.94%, while SPY has yielded a comparatively higher 12.97% annualized return.
CVTRX
1.44%
-2.18%
2.93%
11.59%
8.45%
5.94%
SPY
2.36%
-1.61%
7.41%
19.65%
15.00%
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 Rank
CVTRX
SPY
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 0.72%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 0.72% | 0.73% | 0.64% | 1.19% | 0.53% | 1.04% | 1.23% | 1.88% | 1.55% | 3.25% | 3.57% | 1.31% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
Calamos Growth and Income Fund (CVTRX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.24% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.