Calamos Convertible Equity Alternative ETF
$45.88−0.23 (−0.50%)
- 0.69%
- $42M
- +28.6%
- 1.55%
- 0M sh
- $46.31
- low $35.45high $54.09
The ETF.net CVRT Grade
B
Score 55 out of 100
- 3 of 7
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B56 out of 100Rank 3 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 4 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 6 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 6 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 4 of 7
Our read on CVRT
BConvertible bonds that act like stocks. CVRT owns the equity-sensitive end of the US convertibles market, actively run by a firm that has specialized in converts for four decades.
The Fund seeks total return through capital appreciation and current income.
Why people hold it
- Convertible funds usually blend bond-like and stock-like issues. CVRT targets the high-delta end only (reference index: above 0.65 delta), keeping the equity link front and center.calamos.com
- Calamos pioneered convertible investing decades before ETFs existed. CVRT, launched in 2023, was the firm's first convertibles ETF.prnewswire.com
- Rules with a human hand: at least 80% of net assets in convertibles, chosen by a proprietary model plus fundamental inputs, with regular rebalancing to hold the exposure.calamos.com
- A compact book of roughly 60 convertibles, disclosed daily, that distributes monthly.
Worth knowing
- Specialist pricing: 0.69% a year, a touch above the median for actively managed US equity funds.
- Thinly traded, so spreads can run wider than on a mainstream index fund.
- Two risks in one wrapper: high-delta converts track their issuers' shares closely and still carry the credit risk of the underlying bond.calamos.com
CVRT Holdings
- Bonds
- 95
- 40%
- GOOGL
Sectors
- Communication46.1%
- Technology28.6%
- Health Care15.4%
- Utilities9.9%
- Real Estate0.0%
Geography
- United States97.00%
- Israel1.68%
- Ireland1.03%
- Cayman Islands0.29%
CVRT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CVRT$12,863
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CVRT |
|---|---|
| Year to date | +22.0% |
| 1 month | −2.2% |
| 3 months | −6.6% |
| 1 year | +28.6% |
| 3 years | +24.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CVRT |
|---|---|---|
| 2026 YTD | +22.0% | |
| 2025 | +29.3% | |
| 2024 | +13.2% | |
| 2023 | +11.0% |
CVRT in the news
Category Review
Index option income was not one bet this year
CVRT Dividends
- 1.55%
- $0.71
- $0.08 per share
- Monthly
Distribution history
CVRT Risk
- 18.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CVRT Cost
0.69%
CVRT0.69%
- The middle half of Convertible Bond funds
- Median 0.80%
2 of the 7 Convertible Bond funds charge less.
Other funds in Convertible Bond
- AICVTiShares Convertible Bond ETFExpense ratio 0.20%1 year return +11.9%
- ACWBState Street SPDR Bloomberg Convertible Securities ETFExpense ratio 0.40%1 year return +11.4%
- CFCVTFirst Trust SSI Strategic Convertible Securities ETFExpense ratio 0.95%1 year return +13.1%
- CMCVTMiller Convertible Total Return ETFExpense ratio 0.85%1 year return —
- CACVTAdvent Convertible Bond ETFExpense ratio 0.80%1 year return +7.2%