CXGCX vs. CMNIX
Compare and contrast key facts about Calamos Global Convertible Fund (CXGCX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX).
CXGCX is managed by Calamos. It was launched on Dec 30, 2014. CMNIX is managed by Calamos. It was launched on May 10, 2000.
Performance
CXGCX vs. CMNIX - Performance Comparison
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CXGCX vs. CMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | 0.50% | 18.49% | 10.98% | 13.48% | -22.06% | -0.31% | 38.60% | 15.18% | -2.76% | 14.25% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 0.37% | 6.89% | 7.43% | 9.17% | -4.26% | 5.02% | 5.36% | 6.72% | 1.79% | 4.21% |
Returns By Period
In the year-to-date period, CXGCX achieves a 0.50% return, which is significantly higher than CMNIX's 0.37% return. Over the past 10 years, CXGCX has outperformed CMNIX with an annualized return of 8.00%, while CMNIX has yielded a comparatively lower 4.67% annualized return.
CXGCX
- 1D
- 1.62%
- 1M
- -3.22%
- YTD
- 0.50%
- 6M
- -0.55%
- 1Y
- 16.80%
- 3Y*
- 12.58%
- 5Y*
- 2.75%
- 10Y*
- 8.00%
CMNIX
- 1D
- 0.45%
- 1M
- -0.51%
- YTD
- 0.37%
- 6M
- 1.79%
- 1Y
- 6.09%
- 3Y*
- 6.86%
- 5Y*
- 4.49%
- 10Y*
- 4.67%
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CXGCX vs. CMNIX - Expense Ratio Comparison
CXGCX has a 1.03% expense ratio, which is higher than CMNIX's 0.90% expense ratio.
Return for Risk
CXGCX vs. CMNIX — Risk / Return Rank
CXGCX
CMNIX
CXGCX vs. CMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Convertible Fund (CXGCX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX). 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.
| CXGCX | CMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.75 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.26 | 2.61 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.55 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.27 | +0.35 |
Martin ratioReturn relative to average drawdown | 8.73 | 15.50 | -6.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CXGCX | CMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.75 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 1.30 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.29 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.36 | +0.39 |
Correlation
The correlation between CXGCX and CMNIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CXGCX vs. CMNIX - Dividend Comparison
CXGCX's dividend yield for the trailing twelve months is around 5.19%, more than CMNIX's 1.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | 5.19% | 5.15% | 0.00% | 0.39% | 0.00% | 14.77% | 8.19% | 2.36% | 5.75% | 3.73% | 2.22% | 1.30% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 1.75% | 1.63% | 2.00% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.02% | 2.60% | 2.97% | 2.42% |
Drawdowns
CXGCX vs. CMNIX - Drawdown Comparison
The maximum CXGCX drawdown since its inception was -30.74%, smaller than the maximum CMNIX drawdown of -35.16%. Use the drawdown chart below to compare losses from any high point for CXGCX and CMNIX.
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Drawdown Indicators
| CXGCX | CMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.74% | -35.16% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -2.71% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -7.52% | -21.36% |
Max Drawdown (10Y)Largest decline over 10 years | -30.74% | -8.12% | -22.62% |
Current DrawdownCurrent decline from peak | -4.02% | -0.58% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -7.20% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.40% | +1.45% |
Volatility
CXGCX vs. CMNIX - Volatility Comparison
Calamos Global Convertible Fund (CXGCX) has a higher volatility of 4.15% compared to Calamos Market Neutral Income Fund Institutional Class (CMNIX) at 0.92%. This indicates that CXGCX's price experiences larger fluctuations and is considered to be riskier than CMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXGCX | CMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.92% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 1.39% | +6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.53% | 3.50% | +7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.58% | 3.47% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.46% | 3.63% | +5.83% |