CAAAX vs. CSIEX
CAAAX (Calvert Growth Allocation Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CAAAX is a Diversified Portfolio fund managed by Calvert, while CSIEX is a Large Cap Growth Equities fund managed by Calvert. Over the past 10 years, CAAAX returned 10.47%/yr vs 11.84%/yr for CSIEX. Their correlation of 0.90 means they have usually moved in the same direction. CAAAX charges 0.43%/yr vs 0.91%/yr for CSIEX.
Performance
CAAAX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CAAAX achieves a 9.81% return, which is significantly higher than CSIEX's -4.38% return. Over the past 10 years, CAAAX has underperformed CSIEX with an annualized return of 10.47%, while CSIEX has yielded a comparatively higher 11.84% annualized return.
CAAAX
- 1D
- 1.76%
- 1M
- -0.86%
- 6M
- 7.51%
- YTD
- 9.81%
- 1Y
- 19.44%
- 3Y*
- 13.29%
- 5Y*
- 6.85%
- 10Y*
- 10.47%
- ALL TIME*
- 7.60%
CSIEX
- 1D
- -0.83%
- 1M
- 2.53%
- 6M
- -3.13%
- YTD
- -4.38%
- 1Y
- -1.72%
- 3Y*
- 5.38%
- 5Y*
- 3.27%
- 10Y*
- 11.84%
- ALL TIME*
- 8.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
CSIEX Calvert Equity Fund | $0.00 | $0.00 | $0.00 |
CAAAX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAAAX Calvert Growth Allocation Fund | 9.81% | 14.93% | 12.56% | 15.14% | -18.26% | 16.67% | 18.55% | 27.33% | -7.73% | 20.27% |
CSIEX Calvert Equity Fund | -4.38% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CAAAX and CSIEX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2005 | 0.90 |
Over the past year, the correlation between CAAAX and CSIEX has dropped to 0.53 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
CAAAX vs. CSIEX — Risk / Return Rank
CAAAX
CSIEX
CAAAX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Growth Allocation Fund (CAAAX) and Calvert Equity Fund (CSIEX). 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 | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.98 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.21 | +2.06 |
| Martin ratioReturn relative to average drawdown | 7.91 | -0.41 | +8.32 |
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Drawdowns
CAAAX vs. CSIEX - Drawdown Comparison
The maximum CAAAX drawdown since its inception was -53.45%, which is greater than CSIEX's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CAAAX and CSIEX.
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Drawdown Indicators
| CAAAX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -50.81% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -14.28% | +4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -14.87% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -25.71% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -30.50% | -2.09% |
Current DrawdownCurrent decline from peak | -1.73% | -6.68% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -6.25% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 7.25% | -5.05% |
Volatility
CAAAX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Growth Allocation Fund (CAAAX) is 3.53%, while Calvert Equity Fund (CSIEX) has a volatility of 5.58%. This indicates that CAAAX experiences smaller price fluctuations and is considered to be less risky than CSIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAAX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 5.58% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 11.19% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 13.72% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 16.46% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 17.22% | -1.74% |
CAAAX vs. CSIEX - Expense Ratio Comparison
CAAAX has a 0.43% expense ratio, which is lower than CSIEX's 0.91% expense ratio.
Dividends
CAAAX vs. CSIEX - Dividend Comparison
CAAAX's dividend yield for the trailing twelve months is around 3.64%, less than CSIEX's 24.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAAX Calvert Growth Allocation Fund | 3.64% | 4.00% | 2.50% | 4.47% | 2.81% | 3.68% | 3.34% | 3.53% | 6.44% | 5.57% | 5.13% | 15.27% |
CSIEX Calvert Equity Fund | 24.02% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
Frequently Asked Questions
CAAAX and CSIEX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.58%) compared to CAAAX (3.53%). In terms of maximum drawdown, CAAAX dropped -53.45% vs CSIEX's -50.81%.
CAAAX currently has the higher Sharpe Ratio (1.38 vs -0.22), 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.
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