CGO vs MPAY
Calamos Global Total Return Fund vs Akros Monthly Payout ETF
Which is better, CGO or MPAY?
CGO has been ahead.
MPAY has a lower expense ratio. CGO led over 1Y and 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 | MPAY |
|---|---|---|
| Expense Ratio | 2.30% | 0.56%Best |
| AUM | $205M | $2M |
| Dividend Yield | 2.80% | 7.15% |
| Holdings | 714 | 63 |
| Volatility (annualized) | 21.7% | 10.9%Best |
| Max Drawdown | -29.2% | -15.7%Best |
| $10,000 over 3 years | $10,593Best | $10,012 |
| Fund Family | Calamos Investments | Akros |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Oct 27, 2005 | May 5, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 539 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 13, 2026 and MPAY through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: May 6, 2022 to Apr 22, 2025 (3 years).
Risk: Volatility and Drawdowns
CGO has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 10.9% for MPAY. 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 -29.2% for CGO and -15.7% for MPAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGO charges 2.30% per year while MPAY charges 0.56%. On a $10,000 position that is $230 vs $56 annually, a gap of $174 per year that compounds over a long holding period. On income, CGO currently yields 2.80% against 7.15% for MPAY.
You are not choosing between two funds in isolation.
Whichever of CGO and MPAY 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 MPAY?
CGO has an expense ratio of 2.30% while MPAY charges 0.56%. MPAY is the cheaper option, by $174 a year on a $10,000 investment.
Which is riskier, CGO or MPAY?
CGO has been the more volatile fund at 21.7% annualized versus 10.9% for MPAY. Worst drawdown: CGO -29.2% vs MPAY -15.7%.
Should I hold both CGO and MPAY?
CGO and MPAY have a monthly-return correlation of 0.80, 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 MPAY?
CGO yields 2.80% while MPAY yields 7.15%, so MPAY currently pays the higher dividend yield.
Is MPAY better than CGO?
MPAY has a lower expense ratio. CGO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.