Virtus Diversified Income & Convertible Fund (ACV) vs Calamos Long/Short Equity & Dynamic Income (CPZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Virtus Diversified Income & Convertible Fund (ACV) has outperformed Calamos Long/Short Equity & Dynamic Income (CPZ) over the past year, gaining 1.4% versus a loss of 21.4%. Over five years, ACV leads with a -31.0% price change compared with -39.5% for CPZ. Virtus Diversified Income & Convertible Fund is the larger company by market cap ($254.8 million vs $246.6 million), about 1.0 times the size.
On valuation, Virtus Diversified Income & Convertible Fund trades at a lower trailing P/E (4.8x vs 179.4x for Calamos Long/Short Equity & Dynamic Income).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ACV | CPZ |
|---|---|---|
| Share price | $24.51 | $12.56 |
| Market cap | $254.81M | $246.58M |
| 1-day change | -0.77% | +0.16% |
| YTD return | -6.05% | -14.23% |
| 1-year return | +1.35% | -21.43% |
| 5-year return | -31.02% | -39.54% |
| P/E ratio (TTM) | 4.77 | 179.43 |
| EPS (TTM) | $5.14 | $0.07 |
| Dividend yield | 10.45% | 13.40% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $29.04 | $16.17 |
| 52-week low | $23.65 | $12.39 |
| Distance from 52-week high | -15.60% | -22.33% |
| Average volume | 29.42K | 69.92K |
| Shares outstanding | 10.40M | 19.63M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ACV has outperformed CPZ by 22.8 percentage points over the past year.
- Calamos Long/Short Equity & Dynamic Income trades at a higher earnings multiple (179.4x vs 4.8x trailing P/E).
- Calamos Long/Short Equity & Dynamic Income offers a meaningfully higher dividend yield (13.40% vs 10.45%).
About Virtus Diversified Income & Convertible Fund
ACV stock →Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S.
Finance · Finance/Investors Services
ACV vs CPZ FAQ
Which is bigger, Virtus Diversified Income & Convertible Fund or Calamos Long/Short Equity & Dynamic Income?
Virtus Diversified Income & Convertible Fund (ACV) is larger, with a market capitalization of $254.81M compared with $246.58M for Calamos Long/Short Equity & Dynamic Income (CPZ).
Which stock has performed better over the past year, ACV or CPZ?
ACV returned +1.35% over the past 12 months, compared with -21.43% for CPZ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ACV or CPZ?
ACV has the lower trailing P/E at 4.8, versus 179.4 for CPZ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Virtus Diversified Income & Convertible Fund or Calamos Long/Short Equity & Dynamic Income?
Calamos Long/Short Equity & Dynamic Income has the higher yield at 13.40%, compared with 10.45% for Virtus Diversified Income & Convertible Fund.
Are Virtus Diversified Income & Convertible Fund and Calamos Long/Short Equity & Dynamic Income in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Virtus Diversified Income & Convertible Fund and Trusts Except Educational Religious and Charitable for Calamos Long/Short Equity & Dynamic Income.