CCEF vs FCEF
Calamos CEF Income & Arbitrage ETF against First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
19%
17 shared positions
Fee gap
50 bp
CCEF is cheaper
1-year return gap
0.5 pts
FCEF is ahead
Larger fund
FCEF
$81M
Side by side
| CCEF | FCEF | |
|---|---|---|
| Fund | Calamos CEF Income & Arbitrage ETF | First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF |
| Issuer | Calamos | First Trust |
| Category | Merger Arbitrage & Event | Multisector Bond |
| Expense ratio | 3.19% | 3.69% |
| Assets | $34M | $81M |
| Average daily dollar volume | $137K | $336K |
| Listed | Jan 12, 2024 | Sep 27, 2016 |
| FrenzyCap score | 20 | 26 |
| 1-month return | −2.8% | −2.9% |
| 3-month return | −3.3% | −4.4% |
| Year to date | −0.7% | −0.2% |
| 1-year return | −1.4% | −0.9% |
| 30-day volatility | 8.9% | 7.8% |
| Worst drawdown, 1 year | −8.3% | −7.6% |
| Trailing 12-month yield | 8.29% | 7.14% |
| Holdings | 54 | 60 |
| Top 10 weight | 31.3% | 30.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$2.2M thru Jul 2026 | +$3.6M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jul 31, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
31% of CCEF · 28% of FCEF
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CCEF holdings · FCEF holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.