CXGCX vs. SBFCX
CXGCX (Calamos Global Convertible Fund) and SBFCX (Victory INCORE Investment Grade Convertible Fund Class A) are both Convertible Bonds funds. Over the past 10 years, CXGCX returned 8.96%/yr vs 7.22%/yr for SBFCX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CXGCX charges 1.03%/yr vs 1.39%/yr for SBFCX.
Performance
CXGCX vs. SBFCX - Performance Comparison
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Returns By Period
In the year-to-date period, CXGCX achieves a 14.10% return, which is significantly higher than SBFCX's 3.98% return. Over the past 10 years, CXGCX has outperformed SBFCX with an annualized return of 8.96%, while SBFCX has yielded a comparatively lower 7.22% annualized return.
CXGCX
- 1D
- 1.49%
- 1M
- -0.13%
- 6M
- 10.80%
- YTD
- 14.10%
- 1Y
- 23.25%
- 3Y*
- 14.87%
- 5Y*
- 5.30%
- 10Y*
- 8.96%
- ALL TIME*
- 7.92%
SBFCX
- 1D
- 0.59%
- 1M
- -0.95%
- 6M
- 3.13%
- YTD
- 3.98%
- 1Y
- 5.86%
- 3Y*
- 6.96%
- 5Y*
- 3.18%
- 10Y*
- 7.22%
- ALL TIME*
- 6.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CXGCX vs. SBFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | 14.10% | 18.49% | 10.98% | 13.48% | -22.06% | -0.31% | 38.60% | 15.18% | -2.76% | 14.25% |
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.98% | 5.07% | 9.48% | 7.98% | -11.63% | 10.90% | 11.35% | 19.84% | -0.44% | 18.47% |
Correlation
The correlation between CXGCX and SBFCX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.76 |
The correlation between CXGCX and SBFCX shifts across timeframes, from 0.58 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CXGCX vs. SBFCX — Risk / Return Rank
CXGCX
SBFCX
CXGCX vs. SBFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Convertible Fund (CXGCX) and Victory INCORE Investment Grade Convertible Fund Class A (SBFCX). 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.
| CXGCX | SBFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.14 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.25 | +2.70 |
| Martin ratioReturn relative to average drawdown | 11.29 | 4.28 | +7.02 |
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Drawdowns
CXGCX vs. SBFCX - Drawdown Comparison
The maximum CXGCX drawdown since its inception was -30.74%, smaller than the maximum SBFCX drawdown of -47.88%. Use the drawdown chart below to compare losses from any high point for CXGCX and SBFCX.
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Drawdown Indicators
| CXGCX | SBFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.74% | -47.88% | +17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -4.28% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.92% | -8.68% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -15.06% | -13.82% |
Max Drawdown (10Y)Largest decline over 10 years | -30.74% | -23.79% | -6.95% |
Current DrawdownCurrent decline from peak | -2.83% | -2.34% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -6.00% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.25% | +0.76% |
Volatility
CXGCX vs. SBFCX - Volatility Comparison
Calamos Global Convertible Fund (CXGCX) has a higher volatility of 2.92% compared to Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) at 1.53%. This indicates that CXGCX's price experiences larger fluctuations and is considered to be riskier than SBFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXGCX | SBFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 1.53% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 5.13% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 6.42% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.83% | 8.22% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 9.52% | +0.06% |
CXGCX vs. SBFCX - Expense Ratio Comparison
CXGCX has a 1.03% expense ratio, which is lower than SBFCX's 1.39% expense ratio.
Dividends
CXGCX vs. SBFCX - Dividend Comparison
CXGCX's dividend yield for the trailing twelve months is around 4.69%, more than SBFCX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXGCX Calamos Global Convertible Fund | 4.69% | 5.15% | 0.00% | 0.39% | 0.00% | 14.77% | 8.19% | 2.36% | 5.75% | 3.73% | 2.22% | 1.30% |
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.12% | 4.35% | 1.87% | 2.84% | 2.19% | 9.86% | 4.88% | 4.94% | 5.66% | 3.13% | 1.38% | 2.53% |
Frequently Asked Questions
CXGCX and SBFCX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXGCX has higher volatility (2.92%) compared to SBFCX (1.53%). In terms of maximum drawdown, CXGCX dropped -30.74% vs SBFCX's -47.88%.
CXGCX currently has the higher Sharpe Ratio (2.07 vs 0.84), 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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