SGHIX vs. CVLOX

Last updated Jun 5, 2026

SGHIX (Sextant Global High Income Fund) and CVLOX (Calamos Global Opportunities Fund) are both Global Allocation funds. A 0.71 correlation means they provide meaningful diversification when combined. SGHIX charges 0.75%/yr vs 1.22%/yr for CVLOX.

Performance

SGHIX vs. CVLOX - Performance Comparison

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

Returns By Period

SGHIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVLOX

• 1D: -0.85%
• 1M: 4.83%
• YTD: 18.21%
• 6M: 18.33%
• 1Y: 29.52%
• 3Y*: 21.48%
• 5Y*: 9.75%
• 10Y*: 11.47%

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

SGHIX vs. CVLOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGHIX Sextant Global High Income Fund	1.23%	18.52%	3.12%	10.05%	-7.80%	10.61%	-2.72%	11.47%	-1.22%	15.44%
CVLOX Calamos Global Opportunities Fund	18.21%	15.84%	23.81%	13.88%	-22.17%	15.72%	31.76%	18.28%	-9.88%	20.04%

Correlation

The correlation between SGHIX and CVLOX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.71

Over the past year, the correlation between SGHIX and CVLOX has dropped to 0.50 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

SGHIX vs. CVLOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVLOX

CVLOX Risk / Return Rank: 54
CVLOX Sharpe Ratio Rank: 52
CVLOX Sortino Ratio Rank: 48
CVLOX Omega Ratio Rank: 50
CVLOX Calmar Ratio Rank: 65
CVLOX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGHIX vs. CVLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sextant Global High Income Fund (SGHIX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SGHIX	CVLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.59	—

Drawdowns

Drawdown Indicators

	SGHIX	CVLOX	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.61%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.97%	—
Current Drawdown Current decline from peak	—	-0.85%	—
Average Drawdown Average peak-to-trough decline	—	-8.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.62%	—

Volatility

Volatility by Period

	SGHIX	CVLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.31%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.78%	—

SGHIX vs. CVLOX - Expense Ratio Comparison

SGHIX has a 0.75% expense ratio, which is lower than CVLOX's 1.22% expense ratio.

Dividends

SGHIX vs. CVLOX - Dividend Comparison

SGHIX's dividend yield for the trailing twelve months is around 5.01%, less than CVLOX's 7.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVLOX Calamos Global Opportunities Fund	7.68%	9.10%	8.15%	0.61%	0.00%	5.71%	6.11%	1.28%	12.65%	6.04%	0.68%	1.28%
SGHIX Sextant Global High Income Fund	5.01%	3.92%	3.13%	4.21%	3.51%	1.97%	3.56%	8.54%	3.75%	2.82%	4.51%	4.35%

Frequently Asked Questions

Can I hold both SGHIX and CVLOX in my portfolio?

SGHIX and CVLOX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.