CXGCX vs. PCONX
Compare and contrast key facts about Calamos Global Convertible Fund (CXGCX) and Putnam Convertible Securities Fund (PCONX).
CXGCX is managed by Calamos. It was launched on Dec 30, 2014. PCONX is managed by Putnam. It was launched on Jun 28, 1972.
Performance
CXGCX vs. PCONX - Performance Comparison
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CXGCX vs. PCONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | -1.10% | 18.49% | 10.98% | 13.48% | -22.06% | -0.31% | 38.60% | 15.18% | -2.76% | 14.25% |
PCONX Putnam Convertible Securities Fund | -0.37% | 11.97% | 12.60% | 10.13% | -19.27% | 4.23% | 44.86% | 24.32% | -2.92% | 14.41% |
Returns By Period
In the year-to-date period, CXGCX achieves a -1.10% return, which is significantly lower than PCONX's -0.37% return. Over the past 10 years, CXGCX has underperformed PCONX with an annualized return of 7.82%, while PCONX has yielded a comparatively higher 9.95% annualized return.
CXGCX
- 1D
- -0.87%
- 1M
- -4.76%
- YTD
- -1.10%
- 6M
- -1.39%
- 1Y
- 15.13%
- 3Y*
- 11.98%
- 5Y*
- 2.67%
- 10Y*
- 7.82%
PCONX
- 1D
- -1.60%
- 1M
- -5.76%
- YTD
- -0.37%
- 6M
- -0.80%
- 1Y
- 15.29%
- 3Y*
- 10.35%
- 5Y*
- 2.88%
- 10Y*
- 9.95%
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CXGCX vs. PCONX - Expense Ratio Comparison
Both CXGCX and PCONX have an expense ratio of 1.03%.
Return for Risk
CXGCX vs. PCONX — Risk / Return Rank
CXGCX
PCONX
CXGCX vs. PCONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Convertible Fund (CXGCX) and Putnam Convertible Securities Fund (PCONX). 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 | PCONX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.07 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.51 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.85 | +0.22 |
Martin ratioReturn relative to average drawdown | 7.12 | 6.18 | +0.94 |
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 | PCONX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.07 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.23 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.78 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.65 | +0.09 |
Correlation
The correlation between CXGCX and PCONX 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.
Dividends
CXGCX vs. PCONX - Dividend Comparison
CXGCX's dividend yield for the trailing twelve months is around 5.28%, less than PCONX's 5.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | 5.28% | 5.15% | 0.00% | 0.39% | 0.00% | 14.77% | 8.19% | 2.36% | 5.75% | 3.73% | 2.22% | 1.30% |
PCONX Putnam Convertible Securities Fund | 5.41% | 6.10% | 1.48% | 0.99% | 0.72% | 26.98% | 11.62% | 7.72% | 13.92% | 3.48% | 2.08% | 6.22% |
Drawdowns
CXGCX vs. PCONX - Drawdown Comparison
The maximum CXGCX drawdown since its inception was -30.74%, smaller than the maximum PCONX drawdown of -47.70%. Use the drawdown chart below to compare losses from any high point for CXGCX and PCONX.
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Drawdown Indicators
| CXGCX | PCONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.74% | -47.70% | +16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -7.49% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -25.48% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -30.74% | -26.14% | -4.60% |
Current DrawdownCurrent decline from peak | -5.55% | -7.35% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -8.32% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.24% | -0.38% |
Volatility
CXGCX vs. PCONX - Volatility Comparison
The current volatility for Calamos Global Convertible Fund (CXGCX) is 3.72%, while Putnam Convertible Securities Fund (PCONX) has a volatility of 5.98%. This indicates that CXGCX experiences smaller price fluctuations and is considered to be less risky than PCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXGCX | PCONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.98% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 11.21% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 14.43% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 12.46% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.44% | 12.83% | -3.39% |