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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calvert Ultra-Short Investment Grade ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Calvert Ultra-Short Investment Grade ETF (CVSB) has returned 0.72% so far this year and 4.58% over the past 12 months.
Calvert Ultra-Short Investment Grade ETF
- 1D
- 0.04%
- 1M
- 0.04%
- YTD
- 0.72%
- 6M
- 1.97%
- 1Y
- 4.58%
- 3Y*
- 5.63%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 1, 2023, CVSB's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, your investment would double in approximately 13.2 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2023 with a return of +0.8%, while the worst month was Mar 2026 at 0.0%. The longest winning streak lasted 38 consecutive months, and the longest losing streak was 0 months.
On a daily basis, CVSB closed higher 62% of trading days. The best single day was Nov 7, 2024 with a return of +0.7%, while the worst single day was Nov 8, 2024 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 0.27% | 0.04% | 0.72% | |||||||||
| 2025 | 0.29% | 0.49% | 0.27% | 0.35% | 0.43% | 0.53% | 0.29% | 0.53% | 0.41% | 0.39% | 0.31% | 0.53% | 4.92% |
| 2024 | 0.65% | 0.42% | 0.49% | 0.42% | 0.56% | 0.41% | 0.61% | 0.70% | 0.55% | 0.31% | 0.52% | 0.42% | 6.23% |
| 2023 | 0.20% | 0.20% | 0.61% | 0.40% | 0.44% | 0.57% | 0.53% | 0.32% | 0.37% | 0.81% | 0.83% | 5.40% |
Benchmark Metrics
Calvert Ultra-Short Investment Grade ETF has an annualized alpha of 5.50%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 02, 2023.
- This ETF captured 12.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.52%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R² of 0.00 this ETF 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 ETF's risk.
- R² of 0.00 means this ETF 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.
- Alpha
- 5.50%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 12.84%
- Downside Capture
- -15.52%
Expense Ratio
CVSB has an expense ratio of 0.24%, which is considered low.
Return for Risk
Risk / Return Rank
CVSB ranks 99 for risk / return — in the top 99% of ETFs 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calvert Ultra-Short Investment Grade ETF (CVSB) and compare them to a chosen benchmark (S&P 500 Index).
| CVSB | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.09 | 0.90 | +3.19 |
Sortino ratioReturn per unit of downside risk | 6.21 | 1.39 | +4.83 |
Omega ratioGain probability vs. loss probability | 2.09 | 1.21 | +0.88 |
Calmar ratioReturn relative to maximum drawdown | 9.64 | 1.40 | +8.24 |
Martin ratioReturn relative to average drawdown | 61.29 | 6.61 | +54.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CVSB risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Calvert Ultra-Short Investment Grade ETF provided a 4.49% dividend yield over the last twelve months, with an annual payout of $2.27 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.27 | $2.39 | $2.60 | $2.49 |
Dividend yield | 4.49% | 4.72% | 5.13% | 4.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Ultra-Short Investment Grade ETF. 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 | $0.18 | $0.16 | $0.17 | $0.51 | |||||||||
| 2025 | $0.21 | $0.20 | $0.21 | $0.21 | $0.20 | $0.20 | $0.19 | $0.19 | $0.18 | $0.19 | $0.18 | $0.22 | $2.39 |
| 2024 | $0.23 | $0.23 | $0.23 | $0.22 | $0.23 | $0.22 | $0.20 | $0.23 | $0.19 | $0.22 | $0.20 | $0.21 | $2.60 |
| 2023 | $0.20 | $0.21 | $0.21 | $0.21 | $0.22 | $0.22 | $0.23 | $0.23 | $0.24 | $0.23 | $0.29 | $2.49 |
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 Ultra-Short Investment Grade ETF. 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 Investment Grade ETF was 0.63%, occurring on Nov 11, 2024. Recovery took 29 trading sessions.
The current Calvert Ultra-Short Investment Grade ETF drawdown is 0.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.63% | Nov 8, 2024 | 2 | Nov 11, 2024 | 29 | Dec 23, 2024 | 31 |
| -0.47% | Apr 4, 2025 | 2 | Apr 7, 2025 | 7 | Apr 16, 2025 | 9 |
| -0.45% | Aug 6, 2024 | 2 | Aug 7, 2024 | 8 | Aug 19, 2024 | 10 |
| -0.43% | Aug 20, 2024 | 2 | Aug 21, 2024 | 12 | Sep 9, 2024 | 14 |
| -0.27% | Oct 19, 2023 | 1 | Oct 19, 2023 | 9 | Nov 1, 2023 | 10 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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