BEEX vs. CVSE

Last updated Jun 4, 2026

BEEX (The BeeHive ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, BEEX returned 17.36% vs 8.06% for CVSE. A 0.63 correlation means they provide meaningful diversification when combined. BEEX charges 0.84%/yr vs 0.29%/yr for CVSE.

Performance

BEEX vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The BeeHive ETF (BEEX) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEEX

• 1D: -0.77%
• 1M: 1.92%
• YTD: 4.75%
• 6M: 4.85%
• 1Y: 17.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

BEEX vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BEEX The BeeHive ETF	4.75%	14.48%	-2.67%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	-3.02%

Correlation

The correlation between BEEX and CVSE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.63

The correlation between BEEX and CVSE shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BEEX vs. CVSE — Risk / Return Rank

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

BEEX

BEEX Risk / Return Rank: 41
BEEX Sharpe Ratio Rank: 47
BEEX Sortino Ratio Rank: 47
BEEX Omega Ratio Rank: 45
BEEX Calmar Ratio Rank: 32
BEEX Martin Ratio Rank: 37

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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.

BEEX vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The BeeHive ETF (BEEX) and Calvert US Select Equity ETF (CVSE). 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.

	BEEX	CVSE	Difference
Sharpe ratio Return per unit of total volatility	1.59	1.28	+0.31
Sortino ratio Return per unit of downside risk	2.26	1.90	+0.36
Omega ratio Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio Return relative to maximum drawdown	1.55	2.66	-1.11
Martin ratio Return relative to average drawdown	5.76	5.71	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEEX vs. CVSE - Sharpe Ratio Comparison

The current BEEX Sharpe Ratio is 1.59, which is comparable to the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of BEEX and CVSE, 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

	BEEX	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.28	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.92	-0.17

Drawdowns

BEEX vs. CVSE - Drawdown Comparison

The maximum BEEX drawdown since its inception was -15.13%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for BEEX and CVSE.

Drawdown Indicators

	BEEX	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-20.29%	+5.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	-3.08%	-8.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-1.22%	-1.68%	+0.46%
Average Drawdown Average peak-to-trough decline	-2.41%	-2.69%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	1.42%	+1.60%

Volatility

BEEX vs. CVSE - Volatility Comparison

The BeeHive ETF (BEEX) has a higher volatility of 2.55% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that BEEX's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEEX	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	0.00%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	0.00%	+8.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	6.49%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	13.87%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	13.87%	+1.12%

BEEX vs. CVSE - Expense Ratio Comparison

BEEX has a 0.84% expense ratio, which is higher than CVSE's 0.29% expense ratio.

Dividends

BEEX vs. CVSE - Dividend Comparison

BEEX's dividend yield for the trailing twelve months is around 0.33%, less than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023
BEEX The BeeHive ETF	0.33%	0.35%	0.27%	0.00%
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%

Frequently Asked Questions

Can I hold both BEEX and CVSE in my portfolio?

BEEX and CVSE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEEX or CVSE?

BEEX has higher volatility (2.55%) compared to CVSE (0.00%). In terms of maximum drawdown, BEEX dropped -15.13% vs CVSE's -20.29%.

Which ETF is better, BEEX or CVSE?

On 1-year performance, BEEX leads with 17.36% vs 8.06% for CVSE. On fees, CVSE is cheaper at 0.29% per year. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEEX or CVSE?

Over the 1-year period, BEEX has performed better with a 17.36% return vs 8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEEX or CVSE?

CVSE is cheaper with a 0.29% expense ratio, compared with 0.84% for BEEX.

Which ETF pays a higher dividend yield, BEEX or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.33% for BEEX.

What is the main difference between BEEX and CVSE?

They also come from different issuers: BeeHive and Calvert. Their fees differ too: 0.84% for BEEX and 0.29% for CVSE.

Which has better risk-adjusted returns?

BEEX currently has the higher Sharpe Ratio (1.59 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.