CCEF vs THEQ
Comparison between Calamos CEF Income & Arbitrage ETF (CCEF, ETF) and T. ROWE PRICE HEDGED EQUITY ETF (THEQ, ETF).
CCEF vs THEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CCEF
$32M
Winner
THEQ
$32M
Expense Ratio
CCEF
3.19%
Winner
THEQ
0.46%
Max Drawdown
CCEF
15.80%
Winner
THEQ
8.08%
Sharpe Ratio
CCEF
1.22
Winner
THEQ
1.30
5Y Beta
Winner
CCEF
0.56
THEQ
0.62
CCEF vs THEQ - Holdings Comparison
CCEF and THEQ have 1 common holdings. Overlap is -12.08%
CCEF's top 25 holdings weight is 67.82%. THEQ's top 25 holdings weight is 92.22%.
| Rank | CCEF | THEQ |
|---|---|---|
| #1 | EATON VANCE TAX-MANGD GLO BUY-WRITE OPPO (ETW) - 3.98% | T. ROWE PRICE US EQUITY RESEARCH ETF (TSPA) - 81.05% |
| #2 | VIRTUS ALLIANZGI EQUITY & CONVERTIBLE INCOME FUND (NIE) - 3.79% | T ROWE PRICE RES INV FD MUTUAL FUND (n/a) - 4.58% |
| #3 | EATON VANCE RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND (ETJ) - 3.70% | US DOLLAR (n/a) - 1.98% |
| #4 | LIBERTY ALL STAR GROWTH FUND INC (ASG) - 3.68% | EXXON MOBIL CORP (XOM) - 0.27% |
| #5 | BEXIL INVESTMENT TRUST (BXSY) - 3.68% | CISCO SYSTEMS INC (CSCO) - 0.27% |
| #6 | NEUBERGER REAL EST SECURITIES INC (NRO) - 3.41% | CHUBB LTD (CB) - 0.24% |
| #7 | NEUBERGER ENERGY INFRA AND INCOME INC (NML) - 2.92% | NVIDIA CORP (NVDA) - 0.24% |
| #8 | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY (EMO) - 2.91% | MOTOROLA SOLUTIONS INC (MSI) - 0.24% |
| #9 | EATON VANCE ENHANCED EQUITY INCOME FUND II (EOS) - 2.87% | T-MOBILE US INC (TMUS) - 0.23% |
| #10 | ADAMS NATURAL RESOURCES FUND INC (PEO) - 2.84% | MICROSOFT CORP (MSFT) - 0.22% |
| #11 | EATON VANCE SENIOR FLOATING RATE TRUST (EFR) - 2.75% | DUKE ENERGY CORP (DUK) - 0.22% |
| #12 | TEMPLETON EMERGING MARKETS FUND (EMF) - 2.67% | MCKESSON CORP (MCK) - 0.21% |
| #13 | JOHN HANCOCK PREMIUM DIV FUND (PDT) - 2.60% | CENCORA INC (COR) - 0.21% |
| #14 | BLACKROCK HEALTH SCIENCES TERM TRUST (BMEZ) - 2.51% | MERCK & CO INC (MRK) - 0.21% |
| #15 | GAMCO GLOBAL GOLD NATURAL RESOURCES & INCOME TRUST (GGN) - 2.46% | COLGATE-PALMOLIVE CO (CL) - 0.21% |
| #16 | NUVEEN MULTI-ASSET INCOME (NMAI) - 2.43% | GILEAD SCIENCES INC (GILD) - 0.20% |
| #17 | VIRTUS ARTIFICIAL INTELLIGENCE & TECHNOLOGY OPPORTUNITIES FUND (AIO) - 2.42% | MASTERCARD INC CLASS A (MA) - 0.19% |
| #18 | COHEN & STEERS INFRASTRUCTURE FUND INC (UTF) - 2.16% | JOHNSON & JOHNSON (JNJ) - 0.19% |
| #19 | LMP CAPITAL & INCOME (SCD) - 2.09% | TELEDYNE TECHNOLOGIES INC (TDY) - 0.19% |
| #20 | DOUBLELINE INCOME SOLUTIONS FUND (DSL) - 2.02% | MCDONALD'S CORP (MCD) - 0.19% |
| #21 | ALLSPRING MULTI-SECTOR INCOME FUND (ERC) - 2.02% | PROCTER & GAMBLE CO (PG) - 0.19% |
| #22 | WESTERN ASSET HIGH INCOME OPPOR FD INC (HIO) - 2.01% | PHILIP MORRIS INTERNATIONAL INC (PM) - 0.18% |
| #23 | FLAHERTY & CRUMRINE PREFERRED AND INCOME SECURITIES FUND INCORPORATED (FFC) - 2.01% | VISA INC CLASS A (V) - 0.18% |
| #24 | EATON VANCE TAX-MANAGED BUY-WRITE OPP (ETV) - 1.98% | VERIZON COMMUNICATIONS INC (VZ) - 0.17% |
| #25 | BLACKROCK HEALTH SCIENCES TRUST (BME) - 1.91% | CBOE GLOBAL MARKETS INC (CBOE) - 0.16% |
| Total Holdings | 53 | 118 |
CCEF vs THEQ - Historical Returns
Returns include dividend reinvestment.
1M
CCEF
-0.39%
Winner
THEQ
+1.18%
3M
CCEF
+1.37%
Winner
THEQ
+4.86%
6M
CCEF
+5.14%
Winner
THEQ
+5.19%
1Y
CCEF
+14.24%
Winner
THEQ
+16.33%
Max(CAGR)
CCEF
+15.38%
Winner
THEQ
+15.71%
CCEF vs THEQ - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CCEF | THEQ |
|---|---|---|
| 2026 | +4.33% | +5.43% |
| 2025 | +13.14% | +12.86% |
| 2024 | +18.81% | N/A |
CCEF vs THEQ Drawdown Comparison
The maximum drawdown for CCEF was -13.25%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The maximum drawdown for THEQ was -8.08%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The current CCEF drawdown is -1.95%. The current THEQ drawdown is -2.12%.
| Rank | CCEF | THEQ |
|---|---|---|
| #1 | -13.25% Feb 18, 2025 - Jun 24, 2025 | -8.08% Mar 27, 2025 - May 12, 2025 |
| #2 | -7.75% Mar 2, 2026 - May 6, 2026 | -6.17% Feb 25, 2026 - Apr 15, 2026 |
| #3 | -5.93% Nov 29, 2024 - Feb 6, 2025 | -3.60% Oct 28, 2025 - Dec 26, 2025 |
| #4 | -5.10% Mar 28, 2024 - May 9, 2024 | -2.24% Oct 8, 2025 - Oct 24, 2025 |
| #5 | -4.93% Jul 31, 2024 - Aug 16, 2024 | -2.12% Jun 2, 2026 - Jun 5, 2026 |
| #6 | -3.07% Nov 12, 2025 - Nov 28, 2025 | -2.11% Jan 12, 2026 - Jan 27, 2026 |
| #7 | -2.61% May 21, 2024 - Jun 25, 2024 | -1.74% May 19, 2025 - Jun 3, 2025 |
| #8 | -2.60% Oct 16, 2024 - Nov 7, 2024 | -1.70% Feb 2, 2026 - Feb 9, 2026 |
| #9 | -2.20% Nov 11, 2024 - Nov 25, 2024 | -1.67% May 14, 2026 - May 26, 2026 |
| #10 | -1.95% Jun 2, 2026 - Jun 5, 2026 | -1.64% Jul 25, 2025 - Aug 8, 2025 |
| #11 | -1.94% Oct 8, 2025 - Nov 11, 2025 | -1.15% Sep 22, 2025 - Oct 1, 2025 |
| #12 | -1.79% May 14, 2026 - May 28, 2026 | -1.14% Aug 28, 2025 - Sep 4, 2025 |
| #13 | -1.58% Nov 28, 2025 - Dec 24, 2025 | -1.09% Feb 9, 2026 - Feb 25, 2026 |
| #14 | -1.47% Jul 16, 2024 - Jul 31, 2024 | -1.08% Jun 12, 2025 - Jun 24, 2025 |
| #15 | -1.29% Feb 1, 2024 - Feb 12, 2024 | -1.06% Aug 14, 2025 - Aug 22, 2025 |
Correlation
Correlation between CCEF and THEQ is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2024 - 2026)
CCEF vs THEQ dividend yield comparison.
| Year | CCEF | THEQ |
|---|---|---|
| 2026 | 3.40% | 0.00% |
| 2025 | 8.08% | 0.79% |
| 2024 | 6.55% | 0.00% |
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