PCEFvsCCEFETF Comparison
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Invesco CEF Income Composite ETF (PCEF) and Calamos CEF Income & Arbitrage ETF (CCEF) belong to the same industry segment: Multi-Asset: Other. PCEF's top 1 sector exposures are Non-Corporate. In contrast, CCEF's top sector exposures are Non-Corporate and Finance. PCEF is less expensive with a Total Expense Ratio (TER) of 2.76%, versus 3.19% for CCEF. PCEF is up 5.77% year-to-date (YTD) with -$31M in YTD flows. CCEF performs better with 7.88% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of PCEF and CCEF 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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PCEF vs CCEF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PCEF CCEF | -1.78%-0.56% | +2.36%+3.30% | +5.77%+7.88% | +7.18%+10.58% | +45.25%n/a | +24.27%n/a |
| Flows | PCEF CCEF | -$1M+$1M | -$20M+$3M | -$31M+$8M | -$44M+$16M | +$38M- | +$14M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PCEF CCEF | +7.95%+7.14% | +9.03%+8.49% | +10.28%n/a | +11.17%n/a |
| Max drawdown | PCEF CCEF | -2.68%-2.32% | -8.38%-7.57% | -14.10%n/a | -24.29%n/a |
| Max drawdown duration | PCEF CCEF | 19d20d | 63d63d | 124dn/a | 1015dn/a |
Trading data
PCEF | CCEF | |
Last sale 9/11/2026 at 3:50 PM | $19.98 | $29.46 |
| Previous close 09/10/2026 | $19.94 | $29.74 |
| 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 indexPCEF | CCEF | |
|---|---|---|
| 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 3:50 PM
Live
Closed
PCEF | CCEF | |
|---|---|---|
| Last price | $19.98 | $29.46 |
| 1D performance | +0.20% | -0.95% |
| AuM | $796.61 M | $35.28 M |
| E/R | 2.76% | 3.19% |
Characteristics
PCEF | CCEF | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Calamos Investments |
| Benchmark | S-Network Composite Closed-End Fund Index | - |
| N° of holdings | 106 | 52 |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 19, 2010 | January 16, 2024 |
| ESG | No | No |
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Exposure
Countries
PCEF
USA
100%
Other
0%
CCEF
USA
89.48%
Other
10.52%
Sectors
PCEF
Non-Corporate
100%
Other
0%
CCEF
Non-Corporate
88.01%
Other
11.99%
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Diversification
PCEF
Total weight of top 15 holdings out of 15
38.26%
CCEF
Total weight of top 15 holdings out of 15
43.88%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about PCEF and CCEF
How have the PCEF and CCEF ETFs performed in 2026?
As of September 10, 2026, PCEF is up 5.77% year-to-date (YTD), while CCEF has returned 7.88%. That puts CCEF better performer ahead so far this year.
Which ETF is attracting more investor money: PCEF or CCEF?
Year-to-date, the PCEF ETF saw -$31M in flows, compared to +$8M for CCEF.
Which ETF is more volatile: PCEF or CCEF?
Over the past year, PCEF had a volatility of 9.03%, while CCEF experienced 8.49%.
Which ETF is bigger: PCEF or CCEF?
As of September 10, 2026, PCEF holds $796.61 M in assets under management (AUM), while CCEF manages $35.28 M.
What sectors do the PCEF and CCEF ETFs invest in?
PCEF leans toward sectors like Non-Corporate. Meanwhile, CCEF focuses on Non-Corporate.
What are the top holdings of the PCEF ETF and CCEF ETF?
PCEF top holdings include Eaton Vance Tax Managed Global Diversified Equity Income Fund, Nuveen S&P 500 Dynamic Overwrite Fund and BlackRock Science & Technology Term Trust. CCEF holds in its top three: Eaton Vance Tax Managed Global Buy Write Opportunities Fund, Virtus Equity & Convertible Income Fund and Bexil Investment Trust.
Which ETF is more diversified: PCEF or CCEF?
PCEF holds 106 securities with 38.26% of its assets in the top 15. CCEF has 52 securities and a top 15 weight of 43.88%.
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