Calvert Floating-Rate Advantage Fund (CFOIX)

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The chart shows the growth of an initial investment of $10,000 in Calvert Floating-Rate Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Calvert Floating-Rate Advantage Fund (CFOIX) has returned -0.66% so far this year and 2.75% over the past 12 months.

Based on dividend-adjusted daily data since Feb 28, 2018, CFOIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, your investment would double in approximately 17.5 years.

Historically, 73% of months were positive and 27% were negative. The best month was May 2020 with a return of +3.5%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CFOIX closed higher 25% of trading days. The best single day was Mar 26, 2020 with a return of +4.1%, while the worst single day was Mar 19, 2020 at -4.3%.

Calvert Floating-Rate Advantage Fund has an annualized alpha of 2.79%, beta of 0.09, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since March 01, 2018.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.64%) than losses (18.20%) — typical of diversified or defensive assets.
• Beta of 0.09 may look defensive, but with R² of 0.13 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.13 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CFOIX has an expense ratio of 0.78%, placing it in the medium range.

CFOIX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Calvert Floating-Rate Advantage Fund (CFOIX) and compare them to a chosen benchmark (S&P 500 Index).

Calvert Floating-Rate Advantage Fund provided a 5.92% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

The table displays the monthly dividend distributions for Calvert Floating-Rate Advantage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Calvert Floating-Rate Advantage 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 Floating-Rate Advantage Fund was 22.38%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.

The current Calvert Floating-Rate Advantage Fund drawdown is 0.88%.

The chart below shows the rolling one-month volatility.