Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -1.36% | -4.11% | -4.85% | -12.02% | -15.39% | -21.11% | -3.88% | -9.86% | — | -6.73% |
| Market-price total return | -0.24% | -3.02% | -1.71% | -6.14% | -7.07% | -10.08% | +8.11% | +0.70% | — | +3.26% |
| NAV return | +0.54% | +0.88% | +1.56% | -4.04% | -7.93% | -12.66% | -3.52% | -7.63% | — | -4.23% |
| NAV total return | +0.54% | +0.88% | +3.45% | +0.58% | -0.92% | -2.77% | +6.77% | +1.75% | — | +4.76% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 1.07% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.12% | 0.62% | as above |
| Volatility, 5 years | 0.16% | 0.48% | as above |
| Maximum drawdown, 3 years | -17.94% | -27.01% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.29 | 0.34 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.42 | 0.55 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.24 | — | SPY (U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.31 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Calamos Long/Short Equity & Dynamic Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.