WLDR vs. CVRT
WLDR (Affinity World Leaders Equity ETF) and CVRT (Calamos Convertible Equity Alternative ETF) are both exchange-traded funds - WLDR is a Global Equities fund tracking the Thomson Reuters StarMine Affinity World Leaders Index, while CVRT is a Convertible Bonds fund actively managed by Calamos. WLDR is passively managed, while CVRT is actively managed. Over the past year, WLDR returned 45.63% vs 44.00% for CVRT. Their 0.73 correlation means they have sometimes moved together and sometimes differently. WLDR charges 0.67%/yr vs 0.69%/yr for CVRT.
Performance
WLDR vs. CVRT - Performance Comparison
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Returns By Period
In the year-to-date period, WLDR achieves a 28.50% return, which is significantly higher than CVRT's 25.14% return.
WLDR
- 1D
- -0.76%
- 1M
- -0.48%
- 6M
- 21.09%
- YTD
- 28.50%
- 1Y
- 45.63%
- 3Y*
- 29.47%
- 5Y*
- 18.24%
- 10Y*
- —
- ALL TIME*
- 12.44%
CVRT
- 1D
- 0.21%
- 1M
- -5.94%
- 6M
- 16.26%
- YTD
- 25.14%
- 1Y
- 44.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $320.90K | $427.43K | $464.23K | |
| $1.06M | $840.07K | $651.34K |
WLDR vs. CVRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WLDR Affinity World Leaders Equity ETF | 28.50% | 31.24% | 22.74% | 11.83% |
CVRT Calamos Convertible Equity Alternative ETF | 25.14% | 29.37% | 13.23% | 11.44% |
Correlation
The correlation between WLDR and CVRT is 0.75, 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. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.73 |
The correlation between WLDR and CVRT has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
WLDR vs. CVRT — Risk / Return Rank
WLDR
CVRT
WLDR vs. CVRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affinity World Leaders Equity ETF (WLDR) and Calamos Convertible Equity Alternative ETF (CVRT). 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.
| WLDR | CVRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 2.80 | +2.37 |
| Martin ratioReturn relative to average drawdown | 17.98 | 10.73 | +7.25 |
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Drawdowns
WLDR vs. CVRT - Drawdown Comparison
The maximum WLDR drawdown since its inception was -44.69%, which is greater than CVRT's maximum drawdown of -20.71%. Use the drawdown chart below to compare losses from any high point for WLDR and CVRT.
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Drawdown Indicators
| WLDR | CVRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -20.71% | -23.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -15.77% | +6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -3.30% | -12.25% | +8.95% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -3.34% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 4.12% | -1.57% |
Volatility
WLDR vs. CVRT - Volatility Comparison
The current volatility for Affinity World Leaders Equity ETF (WLDR) is 7.02%, while Calamos Convertible Equity Alternative ETF (CVRT) has a volatility of 7.93%. This indicates that WLDR experiences smaller price fluctuations and is considered to be less risky than CVRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WLDR | CVRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.93% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 19.78% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 24.03% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 20.55% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 20.55% | +0.49% |
WLDR vs. CVRT - Expense Ratio Comparison
WLDR has a 0.67% expense ratio, which is lower than CVRT's 0.69% expense ratio.
Dividends
WLDR vs. CVRT - Dividend Comparison
WLDR's dividend yield for the trailing twelve months is around 7.24%, more than CVRT's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.58% | 1.68% | 1.49% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WLDR Affinity World Leaders Equity ETF | 7.24% | 9.01% | 13.99% | 2.28% | 2.10% | 7.55% | 1.80% | 2.48% | 2.82% |
Frequently Asked Questions
WLDR and CVRT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVRT has higher volatility (7.93%) compared to WLDR (7.02%). In terms of maximum drawdown, WLDR dropped -44.69% vs CVRT's -20.71%.
On 1-year performance, WLDR leads with 45.63% vs 44.00% for CVRT. On fees, WLDR is cheaper at 0.67% per year. On volatility, WLDR has been the lower-risk option at 7.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WLDR has performed better with a 45.63% return vs 44.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WLDR is cheaper with a 0.67% expense ratio, compared with 0.69% for CVRT.
WLDR has the higher dividend yield at 7.24%, compared with 1.58% for CVRT.
WLDR is categorized as Global Equities, while CVRT is Convertible Bonds. They also come from different issuers: Regents Park and Calamos. Their fees differ too: 0.67% for WLDR and 0.69% for CVRT.
WLDR currently has the higher Sharpe Ratio (2.61 vs 1.84), 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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