CVRTvsCDXETF Comparison
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Calamos Convertible Equity Alternative ETF (CVRT) belongs to the Convertible Bonds segment. Simplify High Yield PLUS Credit Hedge ETF (CDX) is part of the Alternatives segment. CVRT's top 3 sector exposures are Technology, Utilities and Finance. In contrast, CDX's top sector exposures are Sovereign, Government Agencies and Finance. CVRT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.5% for CDX. CVRT is up 23.94% year-to-date (YTD) with +$24M in YTD flows. CDX performs worse with -2.87% YTD performance, and -$81M in YTD flows. Run a side-by-side ETF comparison of CVRT and CDX 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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CVRT vs CDX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVRT CDX | -3.25%-1.03% | -10.98%-1.44% | +23.94%-2.87% | +31.27%-2.75% | n/a+20.26% | n/an/a |
| Flows | CVRT CDX | --$22M | +$17M-$45M | +$24M-$81M | +$27M+$12M | -+$342M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVRT CDX | +22.21%+3.77% | +24.01%+4.18% | n/a+4.99% | n/an/a |
| Max drawdown | CVRT CDX | -13.83%-2.23% | -15.65%-4.34% | n/a-4.34% | n/an/a |
| Max drawdown duration | CVRT CDX | 89d85d | 108d311d | n/a311d | n/an/a |
Trading data
CVRT | CDX | |
Last sale 9/18/2026 at 1:30 PM | $46.64 | $20.49 |
| Previous close 09/18/2026 | $46.66 | $20.50 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
CVRT | CDX | |
|---|---|---|
| Last price | $46.64 | $20.49 |
| 1D performance | -0.05% | -0.05% |
| AuM | $42.08 M | $344.16 M |
| E/R | 0.69% | 0.5% |
Characteristics
CVRT | CDX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Calamos Investments | Simplify |
| Benchmark | - | - |
| N° of holdings | 88 | 334 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2023 | February 14, 2022 |
| ESG | No | No |
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Exposure
Countries
CVRT
USA
94.28%
Other
5.72%
CDX
USA
80.94%
Other
19.06%
Sectors
CVRT
Technology
45.79%
Utilities
13.33%
Finance
10.95%
Healthcare
8.07%
Industrials
7.38%
Other
14.48%
CDX
Sovereign
46.3%
Government Agenci.
33.65%
Other
20.05%
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Diversification
CVRT
Total weight of top 15 holdings out of 15
44.74%
CDX
Total weight of top 15 holdings out of 15
43.37%
Top 15 holdings
Data as of July 31, 2026
CVRT
Western Digital, 3% 15nov2028, USD (Conv.)
7.03%
The Boeing Co.
5.34%
Alphabet, Inc.
5.03%
Alphabet, Inc.
5.03%
Lumentum Holdings, 0.375% 15mar2032, USD (Conv.)
3.43%
Super Micro Computer, Inc.
2.63%
Hewlett Packard Enterprise Co.
2.60%
Oracle Corp.
2.25%
MKS Inc., 1.25% 1jun2030, USD (Conv.)
2.00%
Akamai Technologies, 0.25% 15may2033, USD (Conv.)
1.72%
Snowflake, 0% 1oct2029, USD (Conv.)
1.59%
KKR & Co., Inc.
1.56%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
1.53%
Snowflake, 0% 1oct2027, USD (Conv.)
1.52%
Cipher Mining, 0% 1oct2031, USD (Conv.)
1.50%
CDX
USA, Bills 0% 3dec2026, USD (182D)
9.96%
USA, Bills 0% 31dec2026, USD (182D)
7.65%
USA, Bills 0% 15oct2026, USD (182D)
5.55%
USA, Bills 0% 1sep2026, USD (119D)
5.05%
Freddie Mac, FRN 22sep2027, USD
2.13%
USA, Notes FRN 31jul2026, USD (BF-2026)
1.85%
USA, Notes FRN 31jul2027, USD (BF-2027)
1.48%
FHLB, 0% 7aug2026, USD (365D)
1.48%
FHLB, 0% 21aug2026, USD (365D)
1.47%
FHLB, 0% 27aug2026, USD (365D)
1.47%
FHLB, 0% 3sep2026, USD (365D)
1.18%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.04%
FHLB, 0% 28aug2026, USD (365D)
1.03%
USA, Bills 0% 8oct2026, USD (182D)
1.03%
USA, Bills 0% 20oct2026, USD (119D)
1.02%
Frequently asked questions about CVRT and CDX
How have the CVRT and CDX ETFs performed in 2026?
As of September 18, 2026, CVRT is up 23.94% year-to-date (YTD), while CDX has lost -2.87%. That puts CVRT better performer ahead so far this year.
Which ETF is attracting more investor money: CVRT or CDX?
Year-to-date, the CVRT ETF saw +$24M in flows, compared to -$81M for CDX.
Which ETF is more volatile: CVRT or CDX?
Over the past year, CVRT had a volatility of 24.01%, while CDX experienced 4.18%.
Which ETF is bigger: CVRT or CDX?
As of September 18, 2026, CVRT holds $42.08 M in assets under management (AUM), while CDX manages $344.16 M.
What sectors do the CVRT and CDX ETFs invest in?
CVRT leans toward sectors like Technology, Utilities and Finance. Meanwhile, CDX focuses on Sovereign and Government Agencies.
What are the top holdings of the CVRT ETF and CDX ETF?
CVRT top holdings include Western Digital, 3% 15nov2028, USD (Conv.), The Boeing Co. and Alphabet, Inc.. CDX holds in its top three: USA, Bills 0% 3dec2026, USD (182D), USA, Bills 0% 31dec2026, USD (182D) and USA, Bills 0% 15oct2026, USD (182D).
Which ETF is more diversified: CVRT or CDX?
CVRT holds 91 securities with 44.74% of its assets in the top 15. CDX has 379 securities and a top 15 weight of 43.37%.
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