FEM vs CCD

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

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

FEM vs CCD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

FEM

$747M

CCD

$746M

Expense Ratio

FEM

0.80%

CCD

N/A

Max Drawdown

Winner

FEM

49.78%

CCD

60.86%

Sharpe Ratio

FEM

1.22

Winner

CCD

1.65

5Y Beta

Winner

FEM

0.69

CCD

0.78

5Y Dividends CAGR

FEM

1.78%

Winner

CCD

3.14%

FEM vs CCD - Historical Returns

Returns include dividend reinvestment.

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

FEM

-4.19%

Winner

CCD

+1.16%

FEM

-2.72%

Winner

CCD

+8.88%

FEM

+8.51%

Winner

CCD

+19.07%

FEM

+27.81%

Winner

CCD

+38.50%

5Y(CAGR)

Winner

FEM

+7.55%

CCD

+7.27%

10Y(CAGR)

FEM

+8.52%

Winner

CCD

+13.61%

Max(CAGR)

FEM

+3.74%

Winner

CCD

+10.59%

FEM vs CCD - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

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

FEM vs CCD Drawdown Comparison

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

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

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

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

Correlation

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

0.85

-101

Dividend Comparison (2011 - 2026)

FEM vs CCD dividend yield comparison.

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