CHW vs SPLS
Calamos Global Dynamic Income Fund vs PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund
Which is better, CHW or SPLS?
Each has led over a different period.
SPLS has a lower expense ratio. CHW led over 1Y, SPLS 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 | CHW | SPLS |
|---|---|---|
| Expense Ratio | 2.27% | 0.18%Best |
| AUM | $854M | $88M |
| Dividend Yield | 2.18% | 0.54% |
| Holdings | 775 | 3 |
| YTD Return | +12.41%Best | +10.71% |
| 1Y Return | +12.15%Best | +10.71% |
| 3Y Return (annualized) | +23.60% | - |
| 5Y Return (annualized) | +4.95% | - |
| Volatility (annualized) | 23.3%Best | 123.5% |
| Max Drawdown | -68.9% | -64.9%Best |
| $10,000 over 18.8 years | $10,422 | $33,489Best |
| Fund Family | Calamos Investments | PIMCO (US) |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jun 27, 2007 | Jan 15, 2026 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 18.8 years row, are measured over the window both funds cover: Jan 2, 2008 to Oct 14, 2026 (18.8 years).
CHW vs SPLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.8 years both funds cover.
CHW vs SPLS Performance
Calamos Global Dynamic Income Fund (CHW) is an ETF from Calamos Investments and PIMCO US Stocks PLUS Active Bond Exchange-Traded Fund (SPLS) is an ETF from PIMCO (US). Over the past year CHW returned +12.15% while SPLS returned +10.71%. Year to date, CHW is up 12.41% versus a gain of 10.71% for SPLS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPLS has been the more volatile fund, with annualized monthly volatility of 123.5% compared with 23.3% for CHW. 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 -68.9% for CHW and -64.9% for SPLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
CHW charges 2.27% per year while SPLS charges 0.18%. On a $10,000 position that is $227 vs $18 annually, a gap of $209 per year that compounds over a long holding period. On income, CHW currently yields 2.18% against 0.54% for SPLS.
Holdings Overlap
We hold position weights for 498 holdings in CHW and 3 in SPLS, totalling 87.9% and 98.3% 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 249 days apart, CHW as of Jan 31, 2026 and SPLS as of Oct 7, 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 498 positions we hold weights for in CHW and 3 in SPLS, against full books of 775 and 3.
You are not choosing between two funds in isolation.
Whichever of CHW and SPLS 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, CHW or SPLS?
CHW has an expense ratio of 2.27% while SPLS charges 0.18%. SPLS is the cheaper option, by $209 a year on a $10,000 investment.
Which performed better, CHW or SPLS?
Over the past year CHW returned +12.15% vs +10.71% for SPLS, so CHW leads on 1-year performance. Over the longest common window we track (19 years), CHW annualized +0.22% vs +6.64% for SPLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHW or SPLS?
SPLS has been the more volatile fund at 123.5% annualized versus 23.3% for CHW. Worst drawdown: CHW -68.9% vs SPLS -64.9%.
Should I hold both CHW and SPLS?
CHW and SPLS have a monthly-return correlation of 0.22, 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, CHW or SPLS?
CHW yields 2.18% while SPLS yields 0.54%, so CHW currently pays the higher dividend yield.
Is SPLS better than CHW?
SPLS has a lower expense ratio. CHW led over 1Y, SPLS over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.