TFI vs CSQ

Comparison between SPDR(R) NUVEEN BLOOMBERG MUNICIPAL BOND ETF (TFI, ETF) and Calamos Strategic Total Return Fund (CSQ, ETF).

5-Year PerformanceCSQ has outperformed TFI, delivering a return of +10.7% compared to -0.1%

TFI vs CSQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TFI(ETF)	CSQ(ETF)
Net Assets	$3B	$3.10B
Expense Ratio	0.23%	N/A
Max Drawdown	18.31%	72.74%
Sharpe Ratio	0.68	1.81
5Y Beta	0.02	1.02
5Y Dividends CAGR	11.62%	2.82%

Net Assets

TFI

$3B

Winner

CSQ

$3.10B

Expense Ratio

TFI

0.23%

CSQ

N/A

Max Drawdown

Winner

TFI

18.31%

CSQ

72.74%

Sharpe Ratio

TFI

0.68

Winner

CSQ

1.81

5Y Beta

Winner

TFI

0.02

CSQ

1.02

5Y Dividends CAGR

Winner

TFI

11.62%

CSQ

2.82%

TFI vs CSQ - Historical Returns

Returns include dividend reinvestment.

Period	TFI	CSQ
1 month	+0.36%	+12.95%
3 months	-0.40%	+7.23%
6 months	+1.26%	+12.35%
1 year	+5.91%	+32.35%
5 years(CAGR)	-0.09%	+10.74%
10 years(CAGR)	+1.47%	+16.60%
Max(CAGR)	+3.03%	+10.13%

TFI

+0.36%

Winner

CSQ

+12.95%

TFI

-0.40%

Winner

CSQ

+7.23%

TFI

+1.26%

Winner

CSQ

+12.35%

TFI

+5.91%

Winner

CSQ

+32.35%

5Y(CAGR)

TFI

-0.09%

Winner

CSQ

+10.74%

10Y(CAGR)

TFI

+1.47%

Winner

CSQ

+16.60%

Max(CAGR)

TFI

+3.03%

Winner

CSQ

+10.13%

TFI vs CSQ - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	TFI	CSQ
2026	+0.65%	+8.07%
2025	+3.44%	+17.22%
2024	+0.05%	+29.40%
2023	+5.43%	+22.44%
2022	-10.05%	-24.06%
2021	+0.33%	+34.84%
2020	+5.61%	+25.88%
2019	+7.26%	+38.06%
2018	+0.58%	-4.03%
2017	+5.61%	+25.28%
2016	-0.19%	+16.51%
2015	+3.31%	-4.73%
2014	+9.57%	+14.95%
2013	-3.97%	+18.27%
2012	+6.36%	+26.53%
2011	+13.23%	-4.16%
2010	-0.21%	+12.12%
2009	+10.82%	+48.27%
2008	-0.45%	-48.59%
2007	+1.47%	-2.22%
2006	N/A	+23.71%
2005	N/A	+3.84%
2004	N/A	-3.64%

TFI vs CSQ Drawdown Comparison

The maximum drawdown for TFI was -15.49%, occurring on Mar 19, 2020. Recovery took 90 trading sessions.

The maximum drawdown for CSQ was -67.02%, occurring on Nov 20, 2008. Recovery took 1214 trading sessions.

The current TFI drawdown is -1.66%.

Rank	TFI	CSQ
#1	-15.49% Mar 9, 2020 - Jul 16, 2020	-67.02% May 22, 2007 - Mar 15, 2012
#2	-15.42% Jul 19, 2021 - Oct 25, 2022	-48.11% Feb 20, 2020 - Aug 12, 2020
#3	-15.12% Sep 15, 2008 - Jan 13, 2009	-33.06% Dec 30, 2021 - Mar 20, 2024
#4	-9.72% Sep 1, 2010 - Aug 2, 2011	-29.03% Sep 24, 2018 - Apr 29, 2019
#5	-9.09% Nov 29, 2012 - May 14, 2014	-24.60% May 18, 2015 - Jul 15, 2016
#6	-6.73% Jul 6, 2016 - Sep 7, 2017	-24.18% Jan 23, 2025 - Jun 26, 2025
#7	-6.50% Jan 22, 2008 - Sep 15, 2008	-17.11% Apr 1, 2004 - Jul 8, 2005
#8	-3.66% Oct 1, 2009 - Feb 25, 2010	-15.25% Jan 12, 2026 - Apr 20, 2026
#9	-3.60% Jan 30, 2015 - Nov 30, 2015	-14.59% Aug 27, 2014 - Nov 14, 2014
#10	-3.39% Dec 6, 2017 - Dec 24, 2018	-12.20% Oct 17, 2012 - Jan 7, 2013
#11	-3.33% May 20, 2009 - Aug 18, 2009	-10.85% Jan 26, 2018 - Jun 1, 2018
#12	-3.18% Feb 13, 2009 - Apr 16, 2009	-9.91% Sep 2, 2020 - Nov 10, 2020
#13	-2.95% Jan 15, 2009 - Feb 13, 2009	-9.90% May 17, 2013 - Oct 25, 2013
#14	-2.84% Jan 31, 2012 - May 2, 2012	-9.75% Jul 10, 2024 - Sep 23, 2024
#15	-2.72% Sep 22, 2011 - Dec 8, 2011	-9.53% Apr 15, 2021 - Jun 29, 2021

Correlation

Correlation between TFI and CSQ is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2004 - 2026)

TFI vs CSQ dividend yield comparison.

Year	TFI	CSQ
2026	1.18%	1.81%
2025	3.32%	6.51%
2024	3.01%	6.95%
2023	2.41%	8.27%
2022	1.87%	9.17%
2021	1.71%	6.38%
2020	1.91%	7.03%
2019	2.14%	7.14%
2018	2.26%	9.35%
2017	2.16%	8.20%
2016	2.39%	9.64%
2015	2.40%	10.00%
2014	2.37%	8.44%
2013	3.35%	7.71%
2012	4.01%	8.56%
2011	3.53%	7.54%
2010	4.44%	6.80%
2009	3.75%	8.93%
2008	3.87%	18.36%
2007	1.18%	8.71%
2006	0.00%	7.48%
2005	0.00%	7.66%
2004	0.00%	4.28%