PPSIX vs. CCVIX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Calamos Convertible Fund (CCVIX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. CCVIX is managed by Calamos. It was launched on Jun 21, 1985.
Performance
PPSIX vs. CCVIX - Performance Comparison
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PPSIX vs. CCVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -4.54% | 10.51% |
CCVIX Calamos Convertible Fund | 0.22% | 18.83% | 9.71% | 10.61% | -21.23% | 5.13% | 48.51% | 19.18% | 0.38% | 14.04% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.61% return, which is significantly lower than CCVIX's 0.22% return. Over the past 10 years, PPSIX has underperformed CCVIX with an annualized return of 4.34%, while CCVIX has yielded a comparatively higher 10.06% annualized return.
PPSIX
- 1D
- 0.00%
- 1M
- -2.98%
- YTD
- -1.61%
- 6M
- -0.58%
- 1Y
- 4.72%
- 3Y*
- 8.02%
- 5Y*
- 2.57%
- 10Y*
- 4.34%
CCVIX
- 1D
- -1.77%
- 1M
- -6.23%
- YTD
- 0.22%
- 6M
- 1.65%
- 1Y
- 23.73%
- 3Y*
- 11.90%
- 5Y*
- 3.36%
- 10Y*
- 10.06%
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PPSIX vs. CCVIX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is lower than CCVIX's 1.10% expense ratio.
Return for Risk
PPSIX vs. CCVIX — Risk / Return Rank
PPSIX
CCVIX
PPSIX vs. CCVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Calamos Convertible Fund (CCVIX). 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.
| PPSIX | CCVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.52 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.08 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.69 | -1.25 |
Martin ratioReturn relative to average drawdown | 6.47 | 9.65 | -3.18 |
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
| PPSIX | CCVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.52 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.27 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.80 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.76 | -0.18 |
Correlation
The correlation between PPSIX and CCVIX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PPSIX vs. CCVIX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.39%, less than CCVIX's 10.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.39% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
CCVIX Calamos Convertible Fund | 10.23% | 10.25% | 1.31% | 1.87% | 0.60% | 13.59% | 6.56% | 1.00% | 14.47% | 3.90% | 2.84% | 4.68% |
Drawdowns
PPSIX vs. CCVIX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, which is greater than CCVIX's maximum drawdown of -36.56%. Use the drawdown chart below to compare losses from any high point for PPSIX and CCVIX.
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Drawdown Indicators
| PPSIX | CCVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -36.56% | -16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -7.90% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -27.33% | +9.96% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -27.33% | +4.51% |
Current DrawdownCurrent decline from peak | -3.18% | -7.71% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -5.91% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 2.21% | -1.50% |
Volatility
PPSIX vs. CCVIX - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 1.29%, while Calamos Convertible Fund (CCVIX) has a volatility of 6.17%. This indicates that PPSIX experiences smaller price fluctuations and is considered to be less risky than CCVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPSIX | CCVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 6.17% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 11.88% | -10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 15.33% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 12.66% | -8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 12.69% | -7.35% |