Beat the AI Hype: This Convertible ETF Gained 68% in 1 Year

Every now and then, a new ETF arrives on the market and quickly captures attention from advisors and investors. Currently, that “it” fund is the Roundhill Memory ETF (DRAM), which offers targeted exposure to companies within the global semiconductor memory industry. The strong interest is for good reason: DRAM’s performance has continued to show impressive near-term results despite being online for less than a few months. But DRAM isn’t the only tech-heavy equity approach that has had great returns. In fact, the Calamos Convertible Equity Alternative ETF (CVRT ) has also put up an incredible run and with a far longer track record. As of April 30, 2026, the fund’s NAV has risen 68.06% over the last 12 months. See more: Matt Kaufman on the Calamos Approach to Autocallable ETFsHow CVRT's Active Approach to Convertibles Can Outpace the CompetitionIt goes without saying that annual returns of 68.06% (through 4/30/26) warrant a closer look. For the uninitiated, CVRT is an actively managed fund from Calamos Investments that fosters both capital appreciation and income potential through U.S. convertible equities. When it comes to selecting securities to add to the portfolio, CVRT’s management team blends quantitative and qualitative screening processes. Calamos employs a proprietary convertible model, along with fundamental inputs, in order to find securities that offer the right kind of equity sensitivity. See more: Don’t Overlook the Opportunity in Convertible Bond ETFs Given that many advisors and investors likely don’t have much experience with convertible securities, it could pay off to engage expertise. Calamos has more than four decades of experience in this market, giving investors greater confidence that their capital is in expert hands. Additionally, CVRT’s unique approach gives it the flexibility to be used for several different applications. Some may look to the fund as an easy way to help diversify their equity exposure through convertible securities. Others see its annual returns of more than 60% being a potential replacement for a small- or mid-cap growth strategy. Regardless of the intent, CVRT’s dynamic strategy and recent gains certainly indicate that DRAM isn’t the only fund worth watching right now. For more news, information, and analysis, visit the Alternatives Content Hub.Past performance is no guarantee of future results. Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing. An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. Authorized Participant Concentration Risk – Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund, and none of those Authorized Participants is obligated to engage in creation and/or redemption transactions. Convertible Securities Risk – The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. Debt Securities Risk – Debt securities are subject to various risks, including interest rate risk, credit risk and default risk. Equity Securities Risk – The securities markets are volatile, and the market prices of the Fund’s securities may decline generally. Foreign Securities Risk – Risks associated with investing in foreign securities include fluctuations in the exchange rates of foreign currencies that may affect the US dollar value of a security, the possibility of substantial price volatility as a result of political and economic instability in the foreign country, less public information about issuers of securities, different securities regulation, different accounting, auditing and financial reporting standards and less liquidity than in US markets. High Yield Risk – High yield securities and unrated securities of similar credit quality (commonly known as “junk bonds”) are subject to greater levels of credit and liquidity risks. New Fund Risk – The Fund is a recently organized investment company with a limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision. Options Risk – The Fund’s ability to close out its position as a purchaser or seller of an over-the-counter or exchange-listed put or call option is dependent, in part, upon the liquidity of the option market. Non-Diversification Risk – The Fund is classified as “non-diversified” under the 1940 Act. As a result, the percentage of fund assets that may be invested in the securities of any one issuer is limited by the diversification requirements imposed by the Internal Revenue Code of 1986, as amended. Portfolio Turnover Risk – The portfolio managers may actively and frequently trade securities or other instruments in the Fund’s portfolio to carry out its investment strategies. Small and Mid-Sized Company Risk – Small and mid-sized company stocks have historically been subject to greater investment risk than large company stocks. Synthetic Convertible Instruments Risk – The value of a synthetic convertible instrument will respond differently to market fluctuations than a convertible security because a synthetic convertible instrument is composed of two or more separate securities, each with its own market value.