- ISIN
- US13161P5089
- CUSIP
- 13161P508
- Inception Date
- Oct 1, 2004
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CCVAX Performance Chart
Calvert Small-Cap Fund (CCVAX) is up 2.1% since the beginning of the year. CCVAX is currently trading at $28 per share. Investors who bought $1,000 worth of CCVAX shares 5 years ago would now be looking at an investment worth $1,060.
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Returns By Period
Calvert Small-Cap Fund (CCVAX) has returned 2.13% so far this year and -1.62% over the past 12 months. Over the last ten years, CCVAX has returned 7.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Calvert Small-Cap Fund
- 1D
- 1.07%
- 1M
- 0.21%
- YTD
- 2.13%
- 6M
- 0.69%
- 1Y
- -1.62%
- 3Y*
- 4.22%
- 5Y*
- 1.18%
- 10Y*
- 7.78%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
CCVAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2004, CCVAX's average daily return is +0.04%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +16.5%, while the worst month was Oct 2008 at -19.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CCVAX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.75% | 1.32% | -7.48% | 6.60% | -1.91% | 0.43% | 2.13% | ||||||
| 2025 | 3.21% | -2.73% | -4.76% | -3.35% | 4.47% | 1.17% | -2.28% | 5.01% | -3.97% | -2.56% | 0.51% | -0.57% | -6.30% |
| 2024 | -2.29% | 5.17% | 4.27% | -6.55% | 3.18% | -1.40% | 6.85% | 1.51% | 1.01% | -2.44% | 10.75% | -7.19% | 11.92% |
| 2023 | 9.41% | 0.00% | -2.73% | -0.51% | -3.93% | 6.67% | 2.59% | -3.51% | -6.93% | -5.88% | 8.41% | 9.25% | 11.45% |
| 2022 | -7.51% | 3.20% | -1.01% | -6.61% | -2.46% | -5.75% | 8.97% | -5.74% | -8.19% | 11.05% | 3.69% | -4.79% | -16.14% |
| 2021 | 0.20% | 6.14% | 3.16% | 3.00% | 0.39% | -0.30% | 0.15% | 1.42% | -3.04% | 4.92% | -4.03% | 6.81% | 19.81% |
Benchmark Metrics
Calvert Small-Cap Fund has an annualized alpha of -1.69%, beta of 1.01, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since October 04, 2004.
- This fund participated in 107.34% of S&P 500 Index downside but only 97.08% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.69%
- Beta
- 1.01
- R²
- 0.80
- Upside Capture
- 97.08%
- Downside Capture
- 107.34%
Expense Ratio
CCVAX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CCVAX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calvert Small-Cap Fund (CCVAX) and compare them to S&P 500 Index.
| CCVAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.93 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.04 | 13.52 | -13.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Calvert Small-Cap Fund provided a 13.83% dividend yield over the last twelve months, with an annual payout of $3.92 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.92 | $3.92 | $0.49 | $0.04 | $0.39 | $2.41 | $0.00 | $0.32 | $1.24 | $3.39 | $0.33 | $1.84 |
Dividend yield | 13.83% | 14.12% | 1.47% | 0.12% | 1.43% | 7.26% | 0.00% | 1.23% | 5.97% | 14.34% | 1.39% | 9.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Small-Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.92 | $3.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calvert Small-Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calvert Small-Cap Fund was 55.18%, occurring on Mar 9, 2009. Recovery took 964 trading sessions.
The current Calvert Small-Cap Fund drawdown is 11.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.18%Mar 2009 | 1y 8mo | 3y 10mo | 5y 5moJul 2007 - Jan 2013 |
COVID crash2020 | -36.27%Mar 2020 | 1mo 8d | 7mo 22d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -25.16%Sep 2022 | 10mo 26d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
Rate-hike selloffLate 2018 | -22.17%Dec 2018 | 3mo 8d | 5mo 28d | 9mo 6dSep 2018 - Jun 2019 |
2025 selloff2025 | -22.02%Apr 2025 | 4mo 13d | — | 1y 6moNov 2024 - now |
Drawdown Indicators
| CCVAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -56.78% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -9.10% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.02% | -18.90% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -25.43% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -33.92% | -2.35% |
Current DrawdownCurrent decline from peak | -11.88% | -0.74% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -10.72% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.94% | 1.97% | +3.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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