CAAAX vs. CRFIX

Last updated Jun 23, 2026

CAAAX (Calvert Growth Allocation Fund) and CRFIX (Calvert Focused Value Fund) are both mutual funds - CAAAX is a Diversified Portfolio fund managed by Calvert Research and Management, while CRFIX is a Large Cap Value Equities fund managed by Calvert Research and Management. Their correlation of 0.86 suggests significant overlap in exposure. CAAAX charges 0.43%/yr vs 0.74%/yr for CRFIX.

Performance

CAAAX vs. CRFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Growth Allocation Fund (CAAAX) and Calvert Focused Value Fund (CRFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAAAX

• 1D: 1.39%
• 1M: 2.91%
• YTD: 11.54%
• 6M: 11.32%
• 1Y: 24.23%
• 3Y*: 14.85%
• 5Y*: 7.88%
• 10Y*: 10.95%

CRFIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAAAX vs. CRFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CAAAX Calvert Growth Allocation Fund	11.54%	14.93%	12.56%	15.14%	-6.97%
CRFIX Calvert Focused Value Fund	11.46%	13.26%	12.24%	8.84%	-1.34%

Correlation

The correlation between CAAAX and CRFIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.86

The correlation between CAAAX and CRFIX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.

Return for Risk

CAAAX vs. CRFIX — Risk / Return Rank

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

CAAAX

CAAAX Risk / Return Rank: 52
CAAAX Sharpe Ratio Rank: 52
CAAAX Sortino Ratio Rank: 52
CAAAX Omega Ratio Rank: 49
CAAAX Calmar Ratio Rank: 49
CAAAX Martin Ratio Rank: 59

CRFIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CAAAX vs. CRFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Growth Allocation Fund (CAAAX) and Calvert Focused Value Fund (CRFIX). 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.

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.

	CAAAX	CRFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.56	—	—
Martin ratio: Return relative to average drawdown	11.09	—	—

Drawdowns

Drawdown Indicators

	CAAAX	CRFIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.59%	—	—
Current Drawdown Current decline from peak	-0.03%	—	—
Average Drawdown Average peak-to-trough decline	-8.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	CAAAX	CRFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	—	—

CAAAX vs. CRFIX - Expense Ratio Comparison

CAAAX has a 0.43% expense ratio, which is lower than CRFIX's 0.74% expense ratio.

Dividends

CAAAX vs. CRFIX - Dividend Comparison

CAAAX's dividend yield for the trailing twelve months is around 3.59%, less than CRFIX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAAAX Calvert Growth Allocation Fund	3.59%	4.00%	2.50%	4.47%	2.81%	3.68%	3.34%	3.53%	6.44%	5.57%	5.13%	15.27%
CRFIX Calvert Focused Value Fund	5.18%	5.77%	4.37%	1.02%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CAAAX and CRFIX in my portfolio?

CAAAX and CRFIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.