CCD vs FEM

Comparison between Calamos Dynamic Convertible and Income Fund (CCD, ETF) and FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF).

5-Year PerformanceFEM has outperformed CCD, delivering a return of +7.6% compared to +7.3%

CCD vs FEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CCD(ETF)	FEM(ETF)
Net Assets	$746M	$747M
Expense Ratio	N/A	0.80%
Max Drawdown	60.86%	49.78%
Sharpe Ratio	1.65	1.22
5Y Beta	0.78	0.69
5Y Dividends CAGR	3.14%	1.78%

Net Assets

CCD

$746M

Winner

FEM

$747M

Expense Ratio

CCD

N/A

FEM

0.80%

Max Drawdown

CCD

60.86%

Winner

FEM

49.78%

Sharpe Ratio

Winner

CCD

1.65

FEM

1.22

5Y Beta

CCD

0.78

Winner

FEM

0.69

5Y Dividends CAGR

Winner

CCD

3.14%

FEM

1.78%

CCD vs FEM - Historical Returns

Returns include dividend reinvestment.

Period	CCD	FEM
1 month	+1.16%	-4.19%
3 months	+8.88%	-2.72%
6 months	+19.07%	+8.51%
1 year	+38.50%	+27.81%
5 years(CAGR)	+7.27%	+7.55%
10 years(CAGR)	+13.61%	+8.52%
Max(CAGR)	+10.59%	+3.74%

Winner

CCD

+1.16%

FEM

-4.19%

Winner

CCD

+8.88%

FEM

-2.72%

Winner

CCD

+19.07%

FEM

+8.51%

Winner

CCD

+38.50%

FEM

+27.81%

5Y(CAGR)

CCD

+7.27%

Winner

FEM

+7.55%

10Y(CAGR)

Winner

CCD

+13.61%

FEM

+8.52%

Max(CAGR)

Winner

CCD

+10.59%

FEM

+3.74%

CCD vs FEM - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	CCD	FEM
2026	+27.71%	+13.63%
2025	-4.09%	+28.57%
2024	+37.39%	+3.92%
2023	+7.41%	+10.62%
2022	-27.83%	-15.44%
2021	+22.43%	+5.51%
2020	+44.67%	-3.18%
2019	+37.30%	+20.62%
2018	-9.57%	-16.98%
2017	+25.52%	+39.11%
2016	+8.14%	+18.71%
2015	-22.81%	-13.48%
2014	N/A	-8.74%
2013	N/A	-5.37%
2012	N/A	+18.21%
2011	N/A	-23.58%

CCD vs FEM Drawdown Comparison

The maximum drawdown for CCD was -55.32%, occurring on Mar 18, 2020. Recovery took 94 trading sessions.

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The current CCD drawdown is -0.24%. The current FEM drawdown is -6.38%.

Rank	CCD	FEM
#1	-55.32% Feb 20, 2020 - Jul 6, 2020	-46.21% Jan 26, 2018 - May 7, 2021
#2	-37.54% Nov 9, 2021 - Sep 19, 2024	-41.78% Apr 27, 2011 - Aug 24, 2017
#3	-36.95% Apr 24, 2015 - Jul 12, 2017	-31.71% Sep 13, 2021 - May 17, 2024
#4	-26.91% Sep 12, 2018 - Jul 19, 2019	-18.82% May 17, 2024 - Jun 11, 2025
#5	-22.28% Oct 10, 2024 - Jan 15, 2026	-9.31% Feb 25, 2026 - Apr 9, 2026
#6	-11.42% Jan 24, 2018 - Apr 20, 2018	-8.86% May 11, 2026 - Jul 20, 2026
#7	-11.34% Mar 2, 2021 - Oct 19, 2021	-8.61% Jun 2, 2021 - Sep 7, 2021
#8	-11.08% Feb 20, 2026 - Apr 8, 2026	-7.06% Oct 5, 2017 - Jan 2, 2018
#9	-9.88% Oct 12, 2020 - Nov 6, 2020	-4.85% Nov 12, 2025 - Dec 23, 2025
#10	-8.30% Sep 1, 2020 - Oct 7, 2020	-4.67% Sep 20, 2017 - Oct 5, 2017
#11	-7.38% May 6, 2026 - May 26, 2026	-4.66% Jan 28, 2026 - Feb 11, 2026
#12	-6.29% Jun 2, 2026 - Jun 30, 2026	-4.53% Sep 22, 2025 - Nov 3, 2025
#13	-5.92% Feb 12, 2021 - Mar 2, 2021	-4.32% May 7, 2021 - Jun 1, 2021
#14	-5.65% Jul 24, 2019 - Oct 17, 2019	-3.00% Jun 12, 2025 - Jun 26, 2025
#15	-5.56% Jul 20, 2017 - Sep 19, 2017	-2.79% Jul 24, 2025 - Aug 6, 2025

Correlation

Correlation between CCD and FEM is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2011 - 2026)

CCD vs FEM dividend yield comparison.

Year	CCD	FEM
2026	4.56%	0.71%
2025	11.22%	3.13%
2024	9.63%	3.66%
2023	11.83%	4.96%
2022	11.42%	6.15%
2021	7.43%	4.15%
2020	7.11%	2.68%
2019	8.93%	3.31%
2018	12.21%	3.52%
2017	9.99%	2.45%
2016	11.43%	2.25%
2015	7.40%	3.61%
2014	0.00%	2.85%
2013	0.00%	2.62%
2012	0.00%	2.21%
2011	0.00%	0.92%