CVTRX vs. VTTSX
CVTRX (Calamos Growth and Income Fund) and VTTSX (Vanguard Target Retirement 2060 Fund) are both mutual funds - CVTRX is a Diversified Portfolio fund managed by Calamos, while VTTSX is a Target Retirement Date fund managed by Vanguard. Over the past 10 years, CVTRX returned 13.35%/yr vs 12.26%/yr for VTTSX. With a 0.95 correlation, they move nearly in lockstep. CVTRX charges 1.05%/yr vs 0.08%/yr for VTTSX.
Performance
CVTRX vs. VTTSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CVTRX having a 11.18% return and VTTSX slightly higher at 11.43%. Over the past 10 years, CVTRX has outperformed VTTSX with an annualized return of 13.35%, while VTTSX has yielded a comparatively lower 12.26% annualized return.
CVTRX
- 1D
- -0.24%
- 1M
- 1.23%
- YTD
- 11.18%
- 6M
- 10.06%
- 1Y
- 26.25%
- 3Y*
- 19.35%
- 5Y*
- 11.10%
- 10Y*
- 13.35%
VTTSX
- 1D
- -0.15%
- 1M
- 1.55%
- YTD
- 11.43%
- 6M
- 10.78%
- 1Y
- 26.52%
- 3Y*
- 19.16%
- 5Y*
- 10.12%
- 10Y*
- 12.26%
CVTRX vs. VTTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 11.18% | 17.46% | 20.66% | 20.36% | -18.45% | 21.05% | 22.43% | 25.97% | -3.97% | 16.06% |
VTTSX Vanguard Target Retirement 2060 Fund | 11.43% | 21.43% | 14.61% | 20.19% | -17.48% | 16.45% | 16.33% | 26.18% | -8.78% | 21.40% |
Correlation
The correlation between CVTRX and VTTSX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2012 | 0.95 |
The correlation between CVTRX and VTTSX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
CVTRX vs. VTTSX — Risk / Return Rank
CVTRX
VTTSX
CVTRX vs. VTTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth and Income Fund (CVTRX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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 | VTTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.09 | -0.08 |
| Martin ratioReturn relative to average drawdown | 13.21 | 13.39 | -0.17 |
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Drawdowns
CVTRX vs. VTTSX - Drawdown Comparison
The maximum CVTRX drawdown since its inception was -44.13%, which is greater than VTTSX's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for CVTRX and VTTSX.
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Drawdown Indicators
| CVTRX | VTTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.13% | -31.38% | -12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -8.93% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.45% | -14.51% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -25.40% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.20% | -31.38% | +3.18% |
Current DrawdownCurrent decline from peak | -0.75% | -0.66% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -4.03% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.06% | +0.02% |
Volatility
CVTRX vs. VTTSX - Volatility Comparison
Calamos Growth and Income Fund (CVTRX) and Vanguard Target Retirement 2060 Fund (VTTSX) have volatilities of 4.92% and 4.77%, 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.
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Volatility by Period
| CVTRX | VTTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.77% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 9.99% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 12.14% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 14.29% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 15.15% | +0.28% |
CVTRX vs. VTTSX - Expense Ratio Comparison
CVTRX has a 1.05% expense ratio, which is higher than VTTSX's 0.08% expense ratio.
Dividends
CVTRX vs. VTTSX - Dividend Comparison
CVTRX's dividend yield for the trailing twelve months is around 6.57%, more than VTTSX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVTRX Calamos Growth and Income Fund | 6.57% | 7.38% | 4.83% | 4.18% | 4.02% | 5.52% | 3.22% | 3.56% | 8.61% | 7.21% | 7.31% | 6.96% |
VTTSX Vanguard Target Retirement 2060 Fund | 1.84% | 2.06% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.33% | 1.77% | 1.98% | 1.92% |
Frequently Asked Questions
With a correlation of 0.94, CVTRX and VTTSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CVTRX has higher volatility (4.92%) compared to VTTSX (4.77%). In terms of maximum drawdown, CVTRX dropped -44.13% vs VTTSX's -31.38%.
VTTSX currently has the higher Sharpe Ratio (2.28 vs 2.20), 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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