FLFGX vs. CVLOX

Last updated Aug 5, 2026

FLFGX (Meeder Global Allocation Fund) and CVLOX (Calamos Global Opportunities Fund) are both Global Allocation funds. Over the past 10 years, FLFGX returned 9.47%/yr vs 10.68%/yr for CVLOX. Their correlation of 0.89 means they have usually moved in the same direction. FLFGX charges 1.81%/yr vs 1.22%/yr for CVLOX.

Performance

FLFGX vs. CVLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meeder Global Allocation Fund (FLFGX) and Calamos Global Opportunities Fund (CVLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLFGX achieves a 12.52% return, which is significantly lower than CVLOX's 13.52% return. Over the past 10 years, FLFGX has underperformed CVLOX with an annualized return of 9.47%, while CVLOX has yielded a comparatively higher 10.68% annualized return.

FLFGX

• 1D: 0.95%
• 1M: 0.79%
• 6M: 8.69%
• YTD: 12.52%
• 1Y: 21.89%
• 3Y*: 20.09%
• 5Y*: 10.74%
• 10Y*: 9.47%
• ALL TIME*: 5.88%

CVLOX

• 1D: 0.62%
• 1M: -1.49%
• 6M: 7.65%
• YTD: 13.52%
• 1Y: 18.14%
• 3Y*: 19.10%
• 5Y*: 8.63%
• 10Y*: 10.68%
• ALL TIME*: 8.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CVLOX Calamos Global Opportunities Fund	$0.00	$0.00	$0.00
FLFGX Meeder Global Allocation Fund	$0.00	$0.00	$0.00

FLFGX vs. CVLOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLFGX Meeder Global Allocation Fund	12.52%	18.82%	22.53%	15.37%	-12.93%	12.57%	2.99%	13.17%	-6.93%	22.34%
CVLOX Calamos Global Opportunities Fund	13.52%	15.84%	23.81%	13.88%	-22.17%	15.72%	31.76%	18.28%	-9.88%	20.04%

Correlation

The correlation between FLFGX and CVLOX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006	0.89

The correlation between FLFGX and CVLOX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

FLFGX vs. CVLOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLFGX

FLFGX Risk / Return Rank: 71
FLFGX Sharpe Ratio Rank: 69
FLFGX Sortino Ratio Rank: 67
FLFGX Omega Ratio Rank: 66
FLFGX Calmar Ratio Rank: 73
FLFGX Martin Ratio Rank: 82

CVLOX

CVLOX Risk / Return Rank: 38
CVLOX Sharpe Ratio Rank: 35
CVLOX Sortino Ratio Rank: 33
CVLOX Omega Ratio Rank: 32
CVLOX Calmar Ratio Rank: 47
CVLOX Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLFGX vs. CVLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meeder Global Allocation Fund (FLFGX) and Calamos Global Opportunities Fund (CVLOX). 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.

	FLFGX	CVLOX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.24	+0.56
Sortino ratio: Return per unit of downside risk	2.52	1.76	+0.76
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	2.64	2.03	+0.60
Martin ratio: Return relative to average drawdown	11.23	6.55	+4.68

FLFGX vs. CVLOX - Sharpe Ratio Comparison

The current FLFGX Sharpe Ratio is 1.80, which is higher than the CVLOX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FLFGX and CVLOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLFGX vs. CVLOX - Drawdown Comparison

The maximum FLFGX drawdown since its inception was -60.31%, which is greater than CVLOX's maximum drawdown of -46.61%. Use the drawdown chart below to compare losses from any high point for FLFGX and CVLOX.

Drawdown Indicators

	FLFGX	CVLOX	Difference
Max Drawdown Largest peak-to-trough decline	-60.31%	-46.61%	-13.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-9.85%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-15.16%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-29.97%	+1.43%
Max Drawdown (10Y) Largest decline over 10 years	-28.54%	-29.97%	+1.43%
Current Drawdown Current decline from peak	-0.35%	-4.78%	+4.43%
Average Drawdown Average peak-to-trough decline	-11.38%	-8.96%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	3.05%	-0.97%

Volatility

FLFGX vs. CVLOX - Volatility Comparison

The current volatility for Meeder Global Allocation Fund (FLFGX) is 3.95%, while Calamos Global Opportunities Fund (CVLOX) has a volatility of 5.00%. This indicates that FLFGX experiences smaller price fluctuations and is considered to be less risky than CVLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLFGX	CVLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	5.00%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	13.82%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	16.15%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.37%	14.83%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.82%	14.92%	-1.10%

FLFGX vs. CVLOX - Expense Ratio Comparison

FLFGX has a 1.81% expense ratio, which is higher than CVLOX's 1.22% expense ratio.

Dividends

FLFGX vs. CVLOX - Dividend Comparison

FLFGX's dividend yield for the trailing twelve months is around 12.40%, more than CVLOX's 7.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVLOX Calamos Global Opportunities Fund	7.95%	9.10%	8.15%	0.61%	0.00%	5.71%	6.11%	1.28%	12.65%	6.04%	0.68%	1.28%
FLFGX Meeder Global Allocation Fund	12.40%	14.35%	25.20%	1.64%	0.77%	11.13%	2.22%	2.12%	5.05%	1.41%	1.14%	3.15%

Frequently Asked Questions

Can I hold both FLFGX and CVLOX in my portfolio?

With a correlation of 0.91, FLFGX and CVLOX 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.

Which is riskier, FLFGX or CVLOX?

CVLOX has higher volatility (5.00%) compared to FLFGX (3.95%). In terms of maximum drawdown, FLFGX dropped -60.31% vs CVLOX's -46.61%.

Which has better risk-adjusted returns?

FLFGX currently has the higher Sharpe Ratio (1.80 vs 1.24), 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.