CHW vs TSPX
Calamos Global Dynamic Income Fund vs Twin Oak Active Opportunities ETF
Which is better, CHW or TSPX?
CHW has been ahead.
TSPX has a lower expense ratio. CHW 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 | CHW | TSPX |
|---|---|---|
| Expense Ratio | 2.27% | 1.04%Best |
| AUM | $854M | $247M |
| Dividend Yield | 2.18% | 1.96% |
| Holdings | 775 | 4 |
| YTD Return | +12.41%Best | +10.71% |
| 1Y Return | +12.15%Best | +11.30% |
| 3Y Return (annualized) | +23.60% | - |
| 5Y Return (annualized) | +4.95% | - |
| Volatility (annualized) | 20.6% | 9.2%Best |
| Max Drawdown | -19.2% | -8.1%Best |
| $10,000 over 1.6 years | $12,937Best | $12,412 |
| Fund Family | Calamos Investments | Twin Oak |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Jun 27, 2007 | Feb 20, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 21, 2025 to Oct 14, 2026 (1.6 years).
CHW vs TSPX 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 1.6 years both funds cover.
CHW vs TSPX Performance
Calamos Global Dynamic Income Fund (CHW) is an ETF from Calamos Investments and Twin Oak Active Opportunities ETF (TSPX) is an ETF from Twin Oak. Over the past year CHW returned +12.15% while TSPX returned +11.30%. Year to date, CHW is up 12.41% versus a gain of 10.71% for TSPX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHW has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 9.2% for TSPX. 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 -19.2% for CHW and -8.1% for TSPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHW charges 2.27% per year while TSPX charges 1.04%. On a $10,000 position that is $227 vs $104 annually, a gap of $123 per year that compounds over a long holding period. On income, CHW currently yields 2.18% against 1.96% for TSPX.
Holdings Overlap
We hold position weights for 498 holdings in CHW and 3 in TSPX, totalling 87.9% and 99.6% 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 250 days apart, CHW as of Jan 31, 2026 and TSPX as of Oct 8, 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 TSPX, against full books of 775 and 4.
You are not choosing between two funds in isolation.
Whichever of CHW and TSPX 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 TSPX?
CHW has an expense ratio of 2.27% while TSPX charges 1.04%. TSPX is the cheaper option, by $123 a year on a $10,000 investment.
Which performed better, CHW or TSPX?
Over the past year CHW returned +12.15% vs +11.30% for TSPX, so CHW leads on 1-year performance. Over the longest common window we track (2 years), CHW annualized +17.46% vs +14.46% for TSPX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHW or TSPX?
CHW has been the more volatile fund at 20.6% annualized versus 9.2% for TSPX. Worst drawdown: CHW -19.2% vs TSPX -8.1%.
Should I hold both CHW and TSPX?
CHW and TSPX have a monthly-return correlation of 0.85, 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 TSPX?
CHW yields 2.18% while TSPX yields 1.96%, so CHW currently pays the higher dividend yield.
Is TSPX better than CHW?
TSPX has a lower expense ratio. CHW 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.