CAEIX vs. CDHIX

Last updated Jun 25, 2026

CAEIX (Calvert Global Energy Solutions Fund) and CDHIX (Calvert International Responsible Index Fund) are both mutual funds - CAEIX is a Global Equities fund managed by Calvert Research and Management, while CDHIX is a Foreign Large Cap Equities fund managed by Calvert Research and Management. Over the past 10 years, CAEIX returned 11.99%/yr vs 11.59%/yr for CDHIX. Their correlation of 0.87 suggests significant overlap in exposure. CAEIX charges 0.99%/yr vs 0.29%/yr for CDHIX.

Performance

CAEIX vs. CDHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Global Energy Solutions Fund (CAEIX) and Calvert International Responsible Index Fund (CDHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAEIX achieves a 15.38% return, which is significantly lower than CDHIX's 17.90% return. Both investments have delivered pretty close results over the past 10 years, with CAEIX having a 11.99% annualized return and CDHIX not far behind at 11.59%.

CAEIX

• 1D: -2.66%
• 1M: -3.93%
• YTD: 15.38%
• 6M: 14.32%
• 1Y: 35.52%
• 3Y*: 12.13%
• 5Y*: 4.92%
• 10Y*: 11.99%

CDHIX

• 1D: -3.27%
• 1M: 2.53%
• YTD: 17.90%
• 6M: 17.72%
• 1Y: 33.27%
• 3Y*: 21.16%
• 5Y*: 10.30%
• 10Y*: 11.59%

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

CAEIX vs. CDHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAEIX Calvert Global Energy Solutions Fund	15.38%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%
CDHIX Calvert International Responsible Index Fund	17.90%	33.29%	5.04%	20.03%	-19.22%	12.57%	15.33%	24.38%	-13.67%	25.31%

Correlation

The correlation between CAEIX and CDHIX 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 (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.87

The correlation between CAEIX and CDHIX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

CAEIX vs. CDHIX — Risk / Return Rank

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

CAEIX

CAEIX Risk / Return Rank: 72
CAEIX Sharpe Ratio Rank: 69
CAEIX Sortino Ratio Rank: 59
CAEIX Omega Ratio Rank: 59
CAEIX Calmar Ratio Rank: 92
CAEIX Martin Ratio Rank: 84

CDHIX

CDHIX Risk / Return Rank: 58
CDHIX Sharpe Ratio Rank: 59
CDHIX Sortino Ratio Rank: 52
CDHIX Omega Ratio Rank: 57
CDHIX Calmar Ratio Rank: 63
CDHIX Martin Ratio Rank: 61

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.

CAEIX vs. CDHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Global Energy Solutions Fund (CAEIX) and Calvert International Responsible Index Fund (CDHIX). 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.

	CAEIX	CDHIX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.02	+0.17
Sortino ratio: Return per unit of downside risk	2.86	2.70	+0.16
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	4.53	2.82	+1.71
Martin ratio: Return relative to average drawdown	14.31	11.05	+3.26

CAEIX vs. CDHIX - Sharpe Ratio Comparison

The current CAEIX Sharpe Ratio is 2.19, which is comparable to the CDHIX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of CAEIX and CDHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAEIX vs. CDHIX - Drawdown Comparison

The maximum CAEIX drawdown since its inception was -75.81%, which is greater than CDHIX's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for CAEIX and CDHIX.

Drawdown Indicators

	CAEIX	CDHIX	Difference
Max Drawdown Largest peak-to-trough decline	-75.81%	-32.32%	-43.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.39%	-12.61%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-24.57%	-13.41%	-11.16%
Max Drawdown (5Y) Largest decline over 5 years	-32.58%	-32.01%	-0.57%
Max Drawdown (10Y) Largest decline over 10 years	-37.54%	-32.32%	-5.22%
Current Drawdown Current decline from peak	-6.28%	-3.27%	-3.01%
Average Drawdown Average peak-to-trough decline	-48.50%	-6.30%	-42.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.21%	-0.56%

Volatility

CAEIX vs. CDHIX - Volatility Comparison

The current volatility for Calvert Global Energy Solutions Fund (CAEIX) is 7.11%, while Calvert International Responsible Index Fund (CDHIX) has a volatility of 8.07%. This indicates that CAEIX experiences smaller price fluctuations and is considered to be less risky than CDHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAEIX	CDHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	8.07%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	15.38%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	17.66%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	16.59%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	16.44%	+3.17%

CAEIX vs. CDHIX - Expense Ratio Comparison

CAEIX has a 0.99% expense ratio, which is higher than CDHIX's 0.29% expense ratio.

Dividends

CAEIX vs. CDHIX - Dividend Comparison

CAEIX's dividend yield for the trailing twelve months is around 0.62%, less than CDHIX's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEIX Calvert Global Energy Solutions Fund	0.62%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%
CDHIX Calvert International Responsible Index Fund	2.87%	3.39%	2.87%	2.00%	1.92%	2.00%	1.25%	1.72%	2.25%	1.35%	2.01%	0.00%

Frequently Asked Questions

Can I hold both CAEIX and CDHIX in my portfolio?

CAEIX and CDHIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAEIX or CDHIX?

CDHIX has higher volatility (8.07%) compared to CAEIX (7.11%). In terms of maximum drawdown, CAEIX dropped -75.81% vs CDHIX's -32.32%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (2.19 vs 2.02), 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.