CVRT vs FCVT
Calamos Convertible Equity Alternative ETF vs First Trust SSI Strategic Convertible Securities ETF
Which is better, CVRT or FCVT?
Nearly the same fund. CVRT costs less.
CVRT has a lower expense ratio. CVRT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | CVRT | FCVT |
|---|---|---|
| Expense Ratio | 0.69%Best | 0.95% |
| AUM | $41M | $93M |
| Dividend Yield | 1.54% | 1.12% |
| Holdings | 105 | 131 |
| YTD Return | +14.68%Best | +6.30% |
| 1Y Return | +19.19%Best | +5.91% |
| 3Y Return (annualized) | +23.34%Best | +16.78% |
| 5Y Return (annualized) | - | +3.60% |
| Volatility (annualized) | 19.0% | 15.1%Best |
| Max Drawdown | -20.9% | -15.3%Best |
| $10,000 over 3 years | $18,970Best | $15,861 |
| Fund Family | Calamos Asset Management | First Trust Portfolios (US) |
| Category | Convertible | Convertible |
| Style | Convertibles | Convertibles |
| Inception | Oct 4, 2023 | Nov 3, 2015 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 4, 2023 to Oct 14, 2026 (3 years).
CVRT vs FCVT 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 3 years both funds cover.
CVRT vs FCVT Performance
Calamos Convertible Equity Alternative ETF (CVRT) is an ETF from Calamos Asset Management and First Trust SSI Strategic Convertible Securities ETF (FCVT) is an ETF from First Trust Portfolios (US). Over the past year CVRT returned +19.19% while FCVT returned +5.91%. Year to date, CVRT is up 14.68% versus a gain of 6.30% for FCVT.
Over three years, CVRT compounded at +23.34% per year against +16.78% for FCVT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVRT has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.1% for FCVT. 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 -20.9% for CVRT and -15.3% for FCVT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVRT charges 0.69% per year while FCVT charges 0.95%. On a $10,000 position that is $69 vs $95 annually, a gap of $26 per year that compounds over a long holding period. On income, CVRT currently yields 1.54% against 1.12% for FCVT.
Holdings Overlap
We hold position weights for 71 holdings in CVRT and 7 in FCVT, totalling 82.9% and 9.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 71 positions we hold weights for in CVRT and 7 in FCVT, against full books of 105 and 131.
You are not choosing between two funds in isolation.
Whichever of CVRT and FCVT 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, CVRT or FCVT?
CVRT has an expense ratio of 0.69% while FCVT charges 0.95%. CVRT is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, CVRT or FCVT?
Over the past year CVRT returned +19.19% vs +5.91% for FCVT, so CVRT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVRT or FCVT?
CVRT has been the more volatile fund at 19.0% annualized versus 15.1% for FCVT. Worst drawdown: CVRT -20.9% vs FCVT -15.3%.
Should I hold both CVRT and FCVT?
CVRT and FCVT have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CVRT or FCVT?
CVRT yields 1.54% while FCVT yields 1.12%, so CVRT currently pays the higher dividend yield.
Is FCVT better than CVRT?
CVRT has a lower expense ratio. CVRT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.