CHI vs PAPR

Comparison between Calamos Convertible Opportunities and Income Fund (CHI, ETF) and Innovator U.S. Equity Power Buffer ETF - April (PAPR, ETF).

5-Year PerformancePAPR has outperformed CHI, delivering a return of +8.4% compared to +6.9%

CHI vs PAPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CHI(ETF)	PAPR(ETF)
Net Assets	$962M	$953M
Expense Ratio	N/A	0.79%
Max Drawdown	73.29%	15.85%
Sharpe Ratio	1.68	2.51
5Y Beta	0.78	0.44
5Y Dividends CAGR	3.01%	N/A

Net Assets

Winner

CHI

$962M

PAPR

$953M

Expense Ratio

CHI

N/A

PAPR

0.79%

Max Drawdown

CHI

73.29%

Winner

PAPR

15.85%

Sharpe Ratio

CHI

1.68

Winner

PAPR

2.51

5Y Beta

CHI

0.78

Winner

PAPR

0.44

5Y Dividends CAGR

CHI

3.01%

PAPR

N/A

CHI vs PAPR - Historical Returns

Returns include dividend reinvestment.

Period	CHI	PAPR
1 month	-0.74%	+1.01%
3 months	+7.87%	+2.29%
6 months	+17.61%	+8.64%
1 year	+40.32%	+13.26%
5 years(CAGR)	+6.86%	+8.38%
10 years(CAGR)	+12.39%	N/A
Max(CAGR)	+9.92%	+7.87%

CHI

-0.74%

Winner

PAPR

+1.01%

Winner

CHI

+7.87%

PAPR

+2.29%

Winner

CHI

+17.61%

PAPR

+8.64%

Winner

CHI

+40.32%

PAPR

+13.26%

5Y(CAGR)

CHI

+6.86%

Winner

PAPR

+8.38%

10Y(CAGR)

CHI

+12.39%

PAPR

N/A

Max(CAGR)

Winner

CHI

+9.92%

PAPR

+7.87%

CHI vs PAPR - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	CHI	PAPR
2026	+28.96%	+9.50%
2025	-0.88%	+6.74%
2024	+28.20%	+12.62%
2023	+8.22%	+16.49%
2022	-23.06%	-4.42%
2021	+22.30%	+7.55%
2020	+33.28%	+4.32%
2019	+31.79%	+6.47%
2018	-11.22%	N/A
2017	+20.10%	N/A
2016	+13.28%	N/A
2015	-15.64%	N/A
2014	+5.01%	N/A
2013	+19.38%	N/A
2012	+13.81%	N/A
2011	-6.66%	N/A
2010	+16.17%	N/A
2009	+54.80%	N/A
2008	-35.94%	N/A
2007	-19.79%	N/A
2006	+12.07%	N/A
2005	+5.58%	N/A
2004	+14.56%	N/A
2003	+47.19%	N/A
2002	+11.61%	N/A

CHI vs PAPR Drawdown Comparison

The maximum drawdown for CHI was -64.58%, occurring on Nov 21, 2008. Recovery took 956 trading sessions.

The maximum drawdown for PAPR was -15.31%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current CHI drawdown is -2.63%. The current PAPR drawdown is -0.13%.

Rank	CHI	PAPR
#1	-64.58% Jun 11, 2007 - Mar 25, 2011	-15.31% Feb 19, 2020 - Aug 5, 2020
#2	-49.56% Feb 19, 2020 - Aug 3, 2020	-11.87% Feb 19, 2025 - Jul 28, 2025
#3	-35.99% Nov 15, 2021 - Nov 20, 2024	-10.95% Apr 4, 2022 - May 17, 2023
#4	-33.85% Sep 14, 2018 - Feb 6, 2020	-4.68% Jul 16, 2024 - Aug 19, 2024
#5	-32.90% May 18, 2015 - Feb 8, 2017	-4.55% Jul 28, 2023 - Nov 14, 2023
#6	-27.52% Dec 30, 2024 - Oct 27, 2025	-3.52% Apr 29, 2019 - Jun 19, 2019
#7	-21.84% Jan 20, 2004 - Sep 10, 2004	-2.92% Jul 26, 2019 - Sep 12, 2019
#8	-18.00% Jun 3, 2011 - Feb 9, 2012	-2.89% Mar 28, 2024 - May 10, 2024
#9	-14.88% Feb 9, 2005 - Jul 28, 2005	-2.54% Jan 3, 2022 - Mar 18, 2022
#10	-12.89% Sep 13, 2002 - Nov 13, 2002	-2.43% Aug 30, 2024 - Sep 19, 2024
#11	-10.71% Feb 13, 2026 - Apr 8, 2026	-1.92% Oct 12, 2020 - Nov 6, 2020
#12	-10.47% May 21, 2013 - Oct 17, 2013	-1.87% May 7, 2021 - May 28, 2021
#13	-10.14% Jun 30, 2026 - Aug 12, 2026	-1.76% Sep 12, 2019 - Oct 15, 2019
#14	-9.73% Sep 2, 2014 - Feb 25, 2015	-1.70% Dec 6, 2024 - Jan 17, 2025
#15	-9.31% Sep 1, 2020 - Oct 12, 2020	-1.51% Aug 28, 2020 - Oct 8, 2020

Correlation

Correlation between CHI and PAPR is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2002 - 2026)

CHI vs PAPR dividend yield comparison.

Year	CHI	PAPR
2026	5.14%	0.00%
2025	10.88%	0.00%
2024	9.55%	0.00%
2023	11.00%	0.00%
2022	10.85%	0.00%
2021	7.54%	0.00%
2020	6.75%	0.00%
2019	8.49%	3.07%
2018	12.19%	0.00%
2017	10.19%	0.00%
2016	11.30%	0.00%
2015	11.50%	0.00%
2014	8.88%	0.00%
2013	8.60%	0.00%
2012	9.55%	0.00%
2011	10.12%	0.00%
2010	8.65%	0.00%
2009	9.25%	0.00%
2008	18.64%	0.00%
2007	12.46%	0.00%
2006	9.95%	0.00%
2005	10.57%	0.00%
2004	13.83%	0.00%
2003	10.26%	0.00%
2002	4.25%	0.00%