CVRT vs HDG
Comparison between Calamos Convertible Equity Alternative ETF (CVRT, ETF) and PROSHARES HEDGE REPLICATION ETF (HDG, ETF).
CVRT vs HDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CVRT
$22M
HDG
$22M
Expense Ratio
Winner
CVRT
0.69%
HDG
0.95%
Max Drawdown
CVRT
21.13%
Winner
HDG
15.31%
Sharpe Ratio
Winner
CVRT
2.26
HDG
1.30
5Y Beta
CVRT
1.00
Winner
HDG
0.32
5Y Dividends CAGR
CVRT
N/A
HDG
106.61%
CVRT vs HDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CVRT
+0.80%
HDG
-0.40%
3M
Winner
CVRT
+21.19%
HDG
+3.79%
6M
Winner
CVRT
+32.64%
HDG
+5.25%
1Y
Winner
CVRT
+66.84%
HDG
+11.74%
5Y(CAGR)
CVRT
N/A
HDG
+2.76%
10Y(CAGR)
CVRT
N/A
HDG
+3.74%
Max(CAGR)
Winner
CVRT
+33.66%
HDG
+2.86%
CVRT vs HDG - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | CVRT | HDG |
|---|---|---|
| 2026 | +30.09% | +4.84% |
| 2025 | +29.40% | +7.20% |
| 2024 | +16.12% | +5.48% |
| 2023 | +11.01% | +6.75% |
| 2022 | N/A | -8.65% |
| 2021 | N/A | +3.46% |
| 2020 | N/A | +7.08% |
| 2019 | N/A | +9.83% |
| 2018 | N/A | -4.79% |
| 2017 | N/A | +5.32% |
| 2016 | N/A | +2.87% |
| 2015 | N/A | -0.06% |
| 2014 | N/A | +2.04% |
| 2013 | N/A | +3.33% |
| 2012 | N/A | +2.38% |
| 2011 | N/A | -3.01% |
CVRT vs HDG Drawdown Comparison
The maximum drawdown for CVRT was -20.71%, occurring on Apr 8, 2025. Recovery took 149 trading sessions.
The maximum drawdown for HDG was -15.31%, occurring on Sep 29, 2022. Recovery took 722 trading sessions.
The current CVRT drawdown is -6.47%. The current HDG drawdown is -1.62%.
| Rank | CVRT | HDG |
|---|---|---|
| #1 | -20.71% Nov 29, 2024 - Jul 9, 2025 | -15.31% Nov 8, 2021 - Sep 24, 2024 |
| #2 | -9.41% Jul 16, 2024 - Sep 19, 2024 | -13.76% Feb 14, 2020 - Nov 5, 2020 |
| #3 | -8.60% Feb 25, 2026 - Apr 8, 2026 | -7.83% Jul 21, 2011 - Jan 2, 2013 |
| #4 | -8.52% Oct 11, 2023 - Nov 29, 2023 | -7.82% May 21, 2015 - Feb 15, 2017 |
| #5 | -7.97% Mar 27, 2024 - Jul 16, 2024 | -7.43% Jan 26, 2018 - Oct 21, 2019 |
| #6 | -7.52% Nov 10, 2025 - Dec 10, 2025 | -7.20% Feb 18, 2025 - Jul 3, 2025 |
| #7 | -6.47% Jun 2, 2026 - Jun 5, 2026 | -3.97% Feb 25, 2026 - Apr 16, 2026 |
| #8 | -6.24% Feb 12, 2024 - Mar 4, 2024 | -3.78% May 21, 2013 - Sep 18, 2013 |
| #9 | -6.16% May 11, 2026 - May 29, 2026 | -3.67% Mar 15, 2021 - Nov 5, 2021 |
| #10 | -5.22% Jan 28, 2026 - Feb 6, 2026 | -3.41% Sep 3, 2014 - Feb 4, 2015 |
| #11 | -5.02% Dec 26, 2023 - Feb 9, 2024 | -2.92% Feb 9, 2021 - Mar 15, 2021 |
| #12 | -4.73% Dec 11, 2025 - Jan 5, 2026 | -2.72% Oct 31, 2013 - Apr 2, 2014 |
| #13 | -4.05% Oct 15, 2025 - Oct 27, 2025 | -2.21% Oct 27, 2025 - Dec 10, 2025 |
| #14 | -3.21% Nov 3, 2025 - Nov 10, 2025 | -1.81% Jan 14, 2021 - Feb 4, 2021 |
| #15 | -3.09% Jul 17, 2025 - Aug 22, 2025 | -1.73% Dec 4, 2024 - Jan 30, 2025 |
Correlation
Correlation between CVRT and HDG is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2012 - 2026)
CVRT vs HDG dividend yield comparison.
| Year | CVRT | HDG |
|---|---|---|
| 2026 | 0.47% | 0.51% |
| 2025 | 1.68% | 2.55% |
| 2024 | 1.49% | 3.50% |
| 2023 | 0.32% | 3.48% |
| 2022 | 0.00% | 0.39% |
| 2020 | 0.00% | 0.08% |
| 2019 | 0.00% | 1.09% |
| 2018 | 0.00% | 0.51% |
| 2015 | 0.00% | 0.00% |
| 2012 | 0.00% | 0.13% |
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