ACSMX vs. CMCIX

Last updated Apr 15, 2026

ACSMX (Advisors Capital Small/Mid Cap Fund) and CMCIX (Calvert Small/Mid-Cap Fund Class I) are both Small Cap Growth Equities funds. Over the past year, ACSMX returned 8.62% vs 6.56% for CMCIX. Their correlation of 0.86 suggests significant overlap in exposure. ACSMX charges 1.95%/yr vs 1.26%/yr for CMCIX.

Performance

ACSMX vs. CMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisors Capital Small/Mid Cap Fund (ACSMX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACSMX achieves a -4.16% return, which is significantly lower than CMCIX's 2.58% return.

ACSMX

• 1D: 1.69%
• 1M: 5.14%
• YTD: -4.16%
• 6M: -3.82%
• 1Y: 8.62%
• 3Y*: 10.34%
• 5Y*: 1.13%
• 10Y*: —

CMCIX

• 1D: 1.29%
• 1M: 5.65%
• YTD: 2.58%
• 6M: 0.33%
• 1Y: 6.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACSMX vs. CMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ACSMX Advisors Capital Small/Mid Cap Fund	-4.16%	4.92%	15.29%	7.84%
CMCIX Calvert Small/Mid-Cap Fund Class I	2.58%	-5.28%	10.46%	7.81%

Correlation

The correlation between ACSMX and CMCIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.86

The correlation between ACSMX and CMCIX has been stable across timeframes, ranging from 0.86 to 0.86 — a consistent structural relationship.

Return for Risk

ACSMX vs. CMCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACSMX

ACSMX Risk / Return Rank: 4
ACSMX Sharpe Ratio Rank: 4
ACSMX Sortino Ratio Rank: 4
ACSMX Omega Ratio Rank: 3
ACSMX Calmar Ratio Rank: 4
ACSMX Martin Ratio Rank: 4

CMCIX

CMCIX Risk / Return Rank: 4
CMCIX Sharpe Ratio Rank: 3
CMCIX Sortino Ratio Rank: 4
CMCIX Omega Ratio Rank: 3
CMCIX Calmar Ratio Rank: 4
CMCIX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACSMX vs. CMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisors Capital Small/Mid Cap Fund (ACSMX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACSMX	CMCIX	Difference
Sharpe ratio Return per unit of total volatility	0.55	0.49	+0.06
Sortino ratio Return per unit of downside risk	0.93	0.84	+0.09
Omega ratio Gain probability vs. loss probability	1.10	1.09	+0.01
Calmar ratio Return relative to maximum drawdown	0.50	0.51	-0.01
Martin ratio Return relative to average drawdown	1.39	1.28	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACSMX vs. CMCIX - Sharpe Ratio Comparison

The current ACSMX Sharpe Ratio is 0.55, which is comparable to the CMCIX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of ACSMX and CMCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACSMX	CMCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.49	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.35	-0.35

Drawdowns

ACSMX vs. CMCIX - Drawdown Comparison

The maximum ACSMX drawdown since its inception was -98.41%, which is greater than CMCIX's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for ACSMX and CMCIX.

Drawdown Indicators

	ACSMX	CMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.41%	-21.50%	-76.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.04%	-11.68%	-4.36%
Max Drawdown (5Y) Largest decline over 5 years	-98.41%	—	—
Current Drawdown Current decline from peak	-98.13%	-10.04%	-88.09%
Average Drawdown Average peak-to-trough decline	-36.52%	-6.25%	-30.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	4.68%	+1.14%

Volatility

ACSMX vs. CMCIX - Volatility Comparison

Advisors Capital Small/Mid Cap Fund (ACSMX) has a higher volatility of 6.23% compared to Calvert Small/Mid-Cap Fund Class I (CMCIX) at 5.36%. This indicates that ACSMX's price experiences larger fluctuations and is considered to be riskier than CMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACSMX	CMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	5.36%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	11.14%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	16.02%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,831.52%	16.70%	+2,814.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,814.79%	16.70%	+2,798.09%

ACSMX vs. CMCIX - Expense Ratio Comparison

ACSMX has a 1.95% expense ratio, which is higher than CMCIX's 1.26% expense ratio.

Dividends

ACSMX vs. CMCIX - Dividend Comparison

ACSMX has not paid dividends to shareholders, while CMCIX's dividend yield for the trailing twelve months is around 4.14%.

	TTM	2025	2024	2023
ACSMX Advisors Capital Small/Mid Cap Fund	0.00%	0.00%	0.00%	0.00%
CMCIX Calvert Small/Mid-Cap Fund Class I	4.14%	4.25%	7.13%	0.60%