CHI vs SPY
Comparison between Calamos Convertible Opportunities and Income Fund (CHI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed CHI, delivering a return of +13.3% compared to +6.3%
CHI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CHI vs SPY - Historical Returns
Returns include dividend reinvestment.
CHI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CHI | SPY |
|---|---|---|
| 2026 | +21.41% | +8.26% |
| 2025 | -0.88% | +18.00% |
| 2024 | +28.20% | +25.59% |
| 2023 | +8.22% | +26.72% |
| 2022 | -23.06% | -18.64% |
| 2021 | +22.30% | +30.52% |
| 2020 | +33.28% | +17.28% |
| 2019 | +31.79% | +31.09% |
| 2018 | -11.22% | -5.24% |
| 2017 | +20.10% | +20.78% |
| 2016 | +13.28% | +13.59% |
| 2015 | -15.64% | +1.31% |
| 2014 | +5.01% | +14.56% |
| 2013 | +19.38% | +29.00% |
| 2012 | +13.81% | +14.17% |
| 2011 | -6.66% | +0.85% |
| 2010 | +16.17% | +13.14% |
| 2009 | +54.80% | +22.67% |
| 2008 | -35.94% | -36.25% |
| 2007 | -19.79% | +5.32% |
| 2006 | +12.07% | +13.85% |
| 2005 | +5.58% | +5.32% |
| 2004 | +14.56% | +10.75% |
| 2003 | +47.19% | +24.18% |
| 2002 | +11.61% | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CHI vs SPY Drawdown Comparison
The maximum drawdown for CHI was -64.58%, occurring on Nov 21, 2008. Recovery took 956 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CHI drawdown is -3.04%. The current SPY drawdown is -2.90%.
| Rank | CHI | SPY |
|---|---|---|
| #1 | -64.58% Jun 11, 2007 - Mar 25, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.56% Feb 19, 2020 - Aug 3, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -35.99% Nov 15, 2021 - Nov 20, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -33.85% Sep 14, 2018 - Feb 6, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -32.90% May 18, 2015 - Feb 8, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -27.52% Dec 30, 2024 - Oct 27, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.84% Jan 20, 2004 - Sep 10, 2004 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.00% Jun 3, 2011 - Feb 9, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.88% Feb 9, 2005 - Jul 28, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.89% Sep 13, 2002 - Nov 13, 2002 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.71% Feb 13, 2026 - Apr 8, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.47% May 21, 2013 - Oct 17, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.73% Sep 2, 2014 - Feb 25, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.31% Sep 1, 2020 - Oct 12, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.20% Oct 8, 2012 - Jan 10, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CHI and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
CHI vs SPY dividend yield comparison.
| Year | CHI | SPY |
|---|---|---|
| 2026 | 3.05% | 0.24% |
| 2025 | 10.88% | 1.07% |
| 2024 | 9.55% | 1.21% |
| 2023 | 11.00% | 1.40% |
| 2022 | 10.85% | 1.65% |
| 2021 | 7.54% | 1.20% |
| 2020 | 6.75% | 1.52% |
| 2019 | 8.49% | 1.75% |
| 2018 | 12.19% | 2.04% |
| 2017 | 10.19% | 1.80% |
| 2016 | 11.30% | 2.03% |
| 2015 | 11.50% | 2.06% |
| 2014 | 8.88% | 1.87% |
| 2013 | 8.60% | 1.81% |
| 2012 | 9.55% | 2.18% |
| 2011 | 10.12% | 2.05% |
| 2010 | 8.65% | 1.80% |
| 2009 | 9.25% | 1.95% |
| 2008 | 18.64% | 3.02% |
| 2007 | 12.46% | 1.85% |
| 2006 | 9.95% | 1.73% |
| 2005 | 10.57% | 1.73% |
| 2004 | 13.83% | 1.82% |
| 2003 | 10.26% | 1.47% |
| 2002 | 4.25% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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