CGO vs LCR
Calamos Global Total Return Fund vs Leuthold Core ETF
Which is better, CGO or LCR?
Each has led over a different period.
LCR has a lower expense ratio. CGO led over 1Y, LCR over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGO | LCR |
|---|---|---|
| Expense Ratio | 2.30% | 0.83%Best |
| AUM | $201M | $66M |
| Dividend Yield | 2.27% | 1.30% |
| Holdings | 714 | 68 |
| Volatility (annualized) | 24.9% | 10.1%Best |
| Max Drawdown | -51.6% | -17.4%Best |
| $10,000 over 5 years | $12,073 | $14,558Best |
| Fund Family | Calamos Investments | Leuthold Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Oct 27, 2005 | Jan 3, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 635 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CGO has data through Oct 14, 2026 and LCR through Jan 17, 2025.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: Jan 6, 2020 to Jan 17, 2025 (5 years).
Risk: Volatility and Drawdowns
CGO has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 10.1% for LCR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.6% for CGO and -17.4% for LCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGO charges 2.30% per year while LCR charges 0.83%. On a $10,000 position that is $230 vs $83 annually, a gap of $147 per year that compounds over a long holding period. On income, CGO currently yields 2.27% against 1.30% for LCR.
Holdings Overlap
We hold position weights for 492 holdings in CGO and 33 in LCR, totalling 87.9% and 95.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 243 days apart, CGO as of Jan 31, 2026 and LCR as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 492 positions we hold weights for in CGO and 33 in LCR, against full books of 714 and 68.
You are not choosing between two funds in isolation.
Whichever of CGO and LCR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGO or LCR?
CGO has an expense ratio of 2.30% while LCR charges 0.83%. LCR is the cheaper option, by $147 a year on a $10,000 investment.
Which is riskier, CGO or LCR?
CGO has been the more volatile fund at 24.9% annualized versus 10.1% for LCR. Worst drawdown: CGO -51.6% vs LCR -17.4%.
Should I hold both CGO and LCR?
CGO and LCR have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CGO or LCR?
CGO yields 2.27% while LCR yields 1.30%, so CGO currently pays the higher dividend yield.
Is LCR better than CGO?
LCR has a lower expense ratio. CGO led over 1Y, LCR over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.