- Inception Date
- Jul 29, 2011
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CMCIX Performance Chart
Calvert Small/Mid-Cap Fund Class I (CMCIX) is up 6.2% since the beginning of the year. CMCIX is currently trading at $26 per share.
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Returns By Period
Calvert Small/Mid-Cap Fund Class I (CMCIX) has returned 6.18% so far this year and 5.07% over the past 12 months.
Calvert Small/Mid-Cap Fund Class I
- 1D
- 1.57%
- 1M
- 3.97%
- YTD
- 6.18%
- 6M
- 3.64%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
CMCIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 19, 2023, CMCIX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2024 with a return of +10.4%, while the worst month was Dec 2024 at -6.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CMCIX closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +8.1%, while the worst single day was Apr 3, 2025 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.91% | 1.63% | -6.81% | 6.38% | -1.30% | 3.76% | 6.18% | ||||||
| 2025 | 2.79% | -3.11% | -3.81% | -3.69% | 4.80% | 1.15% | -1.10% | 4.04% | -3.25% | -2.29% | 0.51% | -0.93% | -5.28% |
| 2024 | -1.66% | 4.82% | 3.66% | -6.38% | 2.96% | -1.05% | 4.99% | 2.16% | 0.63% | -2.42% | 10.44% | -6.83% | 10.46% |
| 2023 | -3.01% | -4.98% | 9.22% | 7.11% | 7.81% |
Benchmark Metrics
Calvert Small/Mid-Cap Fund Class I has an annualized alpha of -8.62%, beta of 0.84, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since September 19, 2023.
- This fund participated in 124.52% of S&P 500 Index downside but only 63.81% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -8.62% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -8.62%
- Beta
- 0.84
- R²
- 0.61
- Upside Capture
- 63.81%
- Downside Capture
- 124.52%
Expense Ratio
CMCIX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CMCIX ranks 5 for risk / return — in the bottom 5% 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/Mid-Cap Fund Class I (CMCIX) 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.
| CMCIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.78 | -2.34 |
| Martin ratioReturn relative to average drawdown | 1.03 | 12.44 | -11.41 |
Dividends
Dividend History
Calvert Small/Mid-Cap Fund Class I provided a 4.00% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.04 | $1.04 | $1.91 | $0.16 |
Dividend yield | 4.00% | 4.25% | 7.13% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Small/Mid-Cap Fund Class I. 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 | $1.04 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
| 2023 | $0.16 | $0.16 |
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/Mid-Cap Fund Class I. 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/Mid-Cap Fund Class I was 21.50%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Calvert Small/Mid-Cap Fund Class I drawdown is 6.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -21.50%Apr 2025 | 4mo 13d | — | 1y 6moNov 2024 - now |
2023 pullback2023 | -8.95%Oct 2023 | 1mo 5d | 28d | 2mo 3dSep 2023 - Nov 2023 |
2024 pullback2024 | -7.03%Apr 2024 | 17d | 2mo 29d | 3mo 16dApr 2024 - Jul 2024 |
2024 pullback2024 | -5.07%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
2024 pullback2024 | -3.84%Sep 2024 | 3d | 13d | 16dSep 2024 - Sep 2024 |
Drawdown Indicators
| CMCIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.50% | -56.78% | +35.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -9.10% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.88% | -1.80% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -10.71% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 2.03% | +3.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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