CCEFvsPCEFETF Comparison
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Calamos CEF Income & Arbitrage ETF (CCEF) and Invesco CEF Income Composite ETF (PCEF) belong to the same industry segment: Multi-Asset: Other. CCEF's top 2 sector exposures are Non-Corporate and Finance. In contrast, PCEF's top sector exposures are Non-Corporate. CCEF is more expensive with a Total Expense Ratio (TER) of 3.19%, versus 2.76% for PCEF. CCEF is up 7.88% year-to-date (YTD) with +$8M in YTD flows. PCEF performs worse with 5.77% YTD performance, and -$31M in YTD flows. Run a side-by-side ETF comparison of CCEF and PCEF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CCEF vs PCEF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CCEF PCEF | -0.56%-1.78% | +3.30%+2.36% | +7.88%+5.77% | +10.58%+7.18% | n/a+45.25% | n/a+24.27% |
| Flows | CCEF PCEF | +$1M-$1M | +$3M-$20M | +$8M-$31M | +$16M-$44M | -+$38M | -+$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CCEF PCEF | +7.14%+7.95% | +8.49%+9.03% | n/a+10.28% | n/a+11.17% |
| Max drawdown | CCEF PCEF | -2.32%-2.68% | -7.57%-8.38% | n/a-14.10% | n/a-24.29% |
| Max drawdown duration | CCEF PCEF | 20d19d | 63d63d | n/a124d | n/a1015d |
Trading data
CCEF | PCEF | |
Last sale 9/11/2026 at 1:30 PM | $29.52 | $19.99 |
| Previous close 09/10/2026 | $29.46 | $19.94 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CCEF
is actively managed and doesn’t replicate an indexCCEF | PCEF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
CCEF | PCEF | |
|---|---|---|
| Last price | $29.52 | $19.99 |
| 1D performance | +0.20% | +0.25% |
| AuM | $35.28 M | $796.61 M |
| E/R | 3.19% | 2.76% |
Characteristics
CCEF | PCEF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Calamos Investments | Invesco |
| Benchmark | - | S-Network Composite Closed-End Fund Index |
| N° of holdings | 52 | 106 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 16, 2024 | February 19, 2010 |
| ESG | No | No |
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Exposure
Countries
CCEF
USA
89.48%
Other
10.52%
PCEF
USA
100%
Other
0%
Sectors
CCEF
Non-Corporate
88.01%
Other
11.99%
PCEF
Non-Corporate
100%
Other
0%
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Diversification
CCEF
Total weight of top 15 holdings out of 15
43.88%
PCEF
Total weight of top 15 holdings out of 15
38.26%
Top 15 holdings
Data as of July 31, 2026
CCEF
Eaton Vance Tax Managed Global Buy Write Opportunities Fund
4.12%
Virtus Equity & Convertible Income Fund
4.02%
Bexil Investment Trust
3.49%
Adams Natural Resources Fund
3.48%
BlackRock Health Sciences Trust II
2.97%
Virtus AllianzGI Artificial Intelligence & Technology Opps
2.72%
ClearBridge Energy MLP Opportunity Fund Inc.
2.72%
Nuveen Multi-Asset Income Fund
2.62%
LMP Capital & Income Fund, Inc.
2.60%
Templeton Emerging Markets Fund
2.57%
Nuveen S&P 500 Dynamic Overwrite Fund
2.57%
Morgan Stanley Emerging Markets Debt Fund Inc.
2.54%
BlackRock Enhanced International Dividend Trust
2.53%
Neuberger Real Estate Securities Income Fund Inc.
2.48%
John Hancock Premium Dividend Fund
2.45%
PCEF
Eaton Vance Tax Managed Global Diversified Equity Income Fund
4.41%
Nuveen S&P 500 Dynamic Overwrite Fund
4.26%
BlackRock Science & Technology Term Trust
2.77%
Eaton Vance Tax Managed Diversified Equity Income Fund
2.73%
BlackRock Enhanced Equity Dividend Trust
2.57%
Nuveen Preferred & Income Opportunities Fund
2.57%
Eaton Vance Tax Managed Buy Write Opportunities Fund
2.46%
BlackRock Corporate High Yield Fund, Inc.
2.44%
BlackRock Science & Technology Trust
2.34%
PIMCO Corporate & Income Opportunity Fund
2.12%
Virtus Dividend Interest & Premium Strategy Fund
2.08%
Nuveen Floating Rate Income Fund /CEF/
2.04%
Guggenheim Strategic Opportunities Fund
2.03%
Eaton Vance Tax Managed Global Buy Write Opportunities Fund
1.75%
BlackRock ESG Capital Allocation Term Trust
1.72%
Frequently asked questions about CCEF and PCEF
How have the CCEF and PCEF ETFs performed in 2026?
As of September 10, 2026, CCEF is up 7.88% year-to-date (YTD), while PCEF has returned 5.77%. That puts CCEF better performer ahead so far this year.
Which ETF is attracting more investor money: CCEF or PCEF?
Year-to-date, the CCEF ETF saw +$8M in flows, compared to -$31M for PCEF.
Which ETF is more volatile: CCEF or PCEF?
Over the past year, CCEF had a volatility of 8.49%, while PCEF experienced 9.03%.
Which ETF is bigger: CCEF or PCEF?
As of September 10, 2026, CCEF holds $35.28 M in assets under management (AUM), while PCEF manages $796.61 M.
What sectors do the CCEF and PCEF ETFs invest in?
CCEF leans toward sectors like Non-Corporate. Meanwhile, PCEF focuses on Non-Corporate.
What are the top holdings of the CCEF ETF and PCEF ETF?
CCEF top holdings include Eaton Vance Tax Managed Global Buy Write Opportunities Fund, Virtus Equity & Convertible Income Fund and Bexil Investment Trust. PCEF holds in its top three: Eaton Vance Tax Managed Global Diversified Equity Income Fund, Nuveen S&P 500 Dynamic Overwrite Fund and BlackRock Science & Technology Term Trust.
Which ETF is more diversified: CCEF or PCEF?
CCEF holds 52 securities with 43.88% of its assets in the top 15. PCEF has 106 securities and a top 15 weight of 38.26%.
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