Calamos Convertible Equity Alternative ETF
$46.92−0.36 (−0.75%)
- Expense ratio
- 0.69%
- Fund size
- $43M
- 1Y return
- +31.2%
- Yield · Last 12 months
- 1.52%
- Holdings
- 63
- Volume · 30D
- 0M sh
- NAV per share
- $47.37
- 52W range
The ETF.net CVRT Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 32Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
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
- 63
- 41%
- GOOGL
Sectors
- Communication49.9%
- Technology28.7%
- Health Care16.4%
- Utilities3.5%
- Industrials1.4%
- Real Estate0.0%
Geography
- United States96.73%
- Israel1.73%
- Ireland1.20%
- Cayman Islands0.34%
CVRT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +25.1% |
| 1 month | −1.5% |
| 3 months | −10.1% |
| 1 year | +31.2% |
| 3 years | — |
| 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 | +25.1% | |
| 2025 | +29.3% | |
| 2024 | +13.2% | |
| 2023 | +11.0% |
CVRT in the news
ETF.net Research hasn’t filed on CVRT yet — coverage lands here as it’s written.
CVRT Dividends
- 1.52%
- $0.72
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 9, 2026 | $0.07 |
| Aug 3, 2026 | Aug 10, 2026 | $0.05 |
| Jul 1, 2026 | Jul 9, 2026 | $0.05 |
| Jun 1, 2026 | Jun 8, 2026 | $0.05 |
| May 1, 2026 | May 8, 2026 | $0.06 |
| Apr 1, 2026 | Apr 8, 2026 | $0.04 |
| Mar 2, 2026 | Mar 9, 2026 | $0.04 |
| Feb 2, 2026 | Feb 9, 2026 | $0.04 |
| Dec 23, 2025 | Dec 30, 2025 | $0.10 |
| Dec 1, 2025 | Dec 5, 2025 | $0.07 |
| Nov 3, 2025 | Nov 7, 2025 | $0.07 |
| Oct 1, 2025 | Oct 7, 2025 | $0.08 |
CVRT Risk
- 19.0%
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.
- 1.28
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
- The middle half of Convertible Bond funds
- Median 0.80%
2 of the 7 Convertible Bond funds charge less.