Calvert Ultra-Short Duration Income Fund (CULAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Calvert Ultra-Short Duration Income Fund (CULAX) is up 1.3% since the beginning of the year. CULAX is currently trading at $10 per share. Investors who bought $1,000 worth of CULAX shares 5 years ago would now be looking at an investment worth $1,181.

Calvert Ultra-Short Duration Income Fund (CULAX) has returned 1.34% so far this year and 4.10% over the past 12 months. Over the last ten years, CULAX has returned 2.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 31, 2006, CULAX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 83% of months were positive and 17% were negative. The best month was Apr 2020 with a return of +1.6%, while the worst month was Mar 2020 at -4.8%. The longest winning streak lasted 44 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CULAX closed higher 19% of trading days. The best single day was Mar 27, 2020 with a return of +1.3%, while the worst single day was Mar 19, 2020 at -1.0%.

Calvert Ultra-Short Duration Income Fund has an annualized alpha of 2.38%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 31, 2006.

• This fund captured 7.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.83%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

CULAX has an expense ratio of 0.72%, placing it in the medium range.

CULAX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Calvert Ultra-Short Duration Income Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.39 per share.

The table displays the monthly dividend distributions for Calvert Ultra-Short Duration Income 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 Ultra-Short Duration Income 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 Ultra-Short Duration Income Fund was 7.40%, occurring on Mar 25, 2020. Recovery took 177 trading sessions.

The chart below shows the rolling one-month volatility.