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:
0.05
SPY:
0.34
CVTRX:
0.19
SPY:
0.62
CVTRX:
1.03
SPY:
1.09
CVTRX:
0.05
SPY:
0.35
CVTRX:
0.17
SPY:
1.64
CVTRX:
4.98%
SPY:
4.00%
CVTRX:
16.50%
SPY:
19.55%
CVTRX:
-48.16%
SPY:
-55.19%
CVTRX:
-13.61%
SPY:
-12.02%
Returns By Period
In the year-to-date period, CVTRX achieves a -7.48% return, which is significantly higher than SPY's -7.99% return. Over the past 10 years, CVTRX has underperformed SPY with an annualized return of 5.10%, while SPY has yielded a comparatively higher 11.91% annualized return.
CVTRX
-7.48%
-3.51%
-9.18%
1.94%
8.70%
5.10%
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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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 0.76%, less than SPY's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 0.76% | 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 | 1.33% | 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
The current volatility for Calamos Growth and Income Fund (CVTRX) is 11.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.47%. 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.