- ISIN
- US1316187384
- CUSIP
- 131618738
- Inception Date
- Apr 28, 2005
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CMAAX Performance Chart
Calvert Moderate Allocation Fund (CMAAX) is up 8.3% since the beginning of the year. CMAAX is currently trading at $25 per share. Investors who bought $1,000 worth of CMAAX shares 5 years ago would now be looking at an investment worth $1,334.
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Returns By Period
Calvert Moderate Allocation Fund (CMAAX) has returned 8.27% so far this year and 18.37% over the past 12 months. Over the last ten years, CMAAX has returned 8.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Calvert Moderate Allocation Fund
- 1D
- 1.04%
- 1M
- 2.26%
- YTD
- 8.27%
- 6M
- 8.10%
- 1Y
- 18.37%
- 3Y*
- 12.11%
- 5Y*
- 5.93%
- 10Y*
- 8.29%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CMAAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 29, 2005, CMAAX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +8.0%, while the worst month was Oct 2008 at -14.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CMAAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +6.2%, while the worst single day was Mar 16, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.57% | 1.17% | -5.27% | 6.84% | 3.45% | 0.63% | 8.27% | ||||||
| 2025 | 2.52% | 0.09% | -2.94% | 0.05% | 3.14% | 3.01% | 0.04% | 2.09% | 1.74% | 1.30% | 0.66% | 0.46% | 12.70% |
| 2024 | -0.29% | 2.41% | 2.43% | -3.24% | 3.01% | 1.16% | 2.67% | 2.14% | 1.61% | -2.42% | 3.34% | -2.86% | 10.06% |
| 2023 | 5.85% | -2.45% | 1.46% | 0.69% | -1.48% | 3.41% | 2.09% | -2.33% | -4.10% | -2.96% | 7.62% | 5.15% | 12.87% |
| 2022 | -3.99% | -1.79% | -0.58% | -5.50% | -0.19% | -5.84% | 5.79% | -3.37% | -7.16% | 3.66% | 6.06% | -2.90% | -15.65% |
| 2021 | -0.27% | 1.60% | 1.59% | 2.92% | 0.99% | 0.56% | 1.02% | 1.55% | -2.76% | 3.02% | -1.65% | 1.60% | 10.47% |
Benchmark Metrics
Calvert Moderate Allocation Fund has an annualized alpha of 0.58%, beta of 0.60, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since April 29, 2005.
- This fund participated in 71.13% of S&P 500 Index downside but only 63.54% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.58%
- Beta
- 0.60
- R²
- 0.92
- Upside Capture
- 63.54%
- Downside Capture
- 71.13%
Expense Ratio
CMAAX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CMAAX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calvert Moderate Allocation Fund (CMAAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.78 | -0.29 |
| Martin ratioReturn relative to average drawdown | 10.85 | 12.44 | -1.59 |
Dividends
Dividend History
Calvert Moderate Allocation Fund provided a 4.23% dividend yield over the last twelve months, with an annual payout of $1.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.07 | $0.65 | $1.37 | $0.35 | $0.99 | $0.92 | $0.87 | $1.01 | $0.52 | $0.88 | $2.14 |
Dividend yield | 4.23% | 4.55% | 2.99% | 6.69% | 1.82% | 4.24% | 4.18% | 4.35% | 5.88% | 2.71% | 5.05% | 12.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Moderate Allocation 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 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.86 | $1.07 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.42 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.12 | $1.37 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.24 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.89 | $0.99 |
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 Moderate Allocation 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 Moderate Allocation Fund was 42.64%, occurring on Mar 9, 2009. Recovery took 762 trading sessions.
The current Calvert Moderate Allocation Fund drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -42.64%Mar 2009 | 1y 4mo | 3y 7d | 4y 4moNov 2007 - Mar 2012 |
COVID crash2020 | -24.42%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -22.55%Oct 2022 | 11mo 8d | 1y 8mo | 2y 8moNov 2021 - Jul 2024 |
2016 correction2016 | -12.85%Feb 2016 | 8mo 25d | 9mo 18d | 1y 6moMay 2015 - Nov 2016 |
Rate-hike selloffLate 2018 | -12.37%Dec 2018 | 10mo 29d | 3mo 8d | 1y 2moJan 2018 - Apr 2019 |
Drawdown Indicators
| CMAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.64% | -56.78% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -9.10% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.26% | -18.90% | +7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -25.43% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -24.42% | -33.92% | +9.50% |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -10.71% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.03% | -0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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