CSQ vs TROW: Correlation
Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and T. Rowe Price (TROW) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and TROW?
Over the past 3 years, CSQ and TROW moved with a correlation of 0.67, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.67 over 3 years. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 295.7 %².
By 3-year correlation, TROW places #32 of the 51 assets tracked against CSQ. Over the last 12 months CSQ came out ahead by 13.3 percentage points (+21.4% against +8.1%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CSQ vs TROW: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +21.4% | +8.1% |
| 5-year return | +64.2% | -37.0% |
| Volatility (ann.) | 18.8% | 23.5% |
| Beta vs S&P 500 | 1.22 | 1.10 |
| Max drawdown (3Y) | -24.2% | -34.0% |
| Market cap | $3.4B | $24.0B |
| P/E (trailing) | 3.2 | 11.3 |
| Dividend yield | 2.95% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CSQ | TROW |
|---|---|---|
| 2022 | -24.2% | -42.2% |
| 2023 | +20.9% | +3.4% |
| 2024 | +28.2% | +9.7% |
| 2025 | +16.3% | -4.7% |
| 2026 | +14.3% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and TROW good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CSQ and TROW?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.43 over the last year and 0.70 over 5 years.
Is TROW a good diversifier for CSQ?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csq-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csq-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSQ correlations · TROW correlations
