CAEIX vs. PGVFX
CAEIX (Calvert Global Energy Solutions Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, CAEIX returned 11.57%/yr vs 11.11%/yr for PGVFX. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.
Performance
CAEIX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, CAEIX achieves a 17.95% return, which is significantly lower than PGVFX's 20.41% return. Both investments have delivered pretty close results over the past 10 years, with CAEIX having a 11.57% annualized return and PGVFX not far behind at 11.11%.
CAEIX
- 1D
- 1.29%
- 1M
- -1.79%
- YTD
- 17.95%
- 6M
- 17.45%
- 1Y
- 42.22%
- 3Y*
- 11.22%
- 5Y*
- 5.91%
- 10Y*
- 11.57%
PGVFX
- 1D
- 0.25%
- 1M
- 1.79%
- YTD
- 20.41%
- 6M
- 20.73%
- 1Y
- 39.85%
- 3Y*
- 20.64%
- 5Y*
- 10.69%
- 10Y*
- 11.11%
CAEIX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAEIX Calvert Global Energy Solutions Fund | 17.95% | 32.61% | -7.13% | 5.67% | -17.43% | 6.73% | 61.52% | 33.48% | -19.26% | 29.65% |
PGVFX Polaris Global Value Fund | 20.41% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between CAEIX and PGVFX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.80 |
The correlation between CAEIX and PGVFX shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CAEIX vs. PGVFX — Risk / Return Rank
CAEIX
PGVFX
CAEIX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Global Energy Solutions Fund (CAEIX) and Polaris Global Value Fund (PGVFX). 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 | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.61 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 4.53 | +0.47 |
| Martin ratioReturn relative to average drawdown | 16.04 | 16.30 | -0.27 |
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Drawdowns
CAEIX vs. PGVFX - Drawdown Comparison
The maximum CAEIX drawdown since its inception was -75.81%, which is greater than PGVFX's maximum drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for CAEIX and PGVFX.
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Drawdown Indicators
| CAEIX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.81% | -68.09% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -8.76% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.57% | -12.53% | -12.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.58% | -27.58% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.54% | -41.26% | +3.72% |
Current DrawdownCurrent decline from peak | -4.18% | -0.33% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -48.51% | -11.28% | -37.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.43% | +0.18% |
Volatility
CAEIX vs. PGVFX - Volatility Comparison
Calvert Global Energy Solutions Fund (CAEIX) has a higher volatility of 6.86% compared to Polaris Global Value Fund (PGVFX) at 4.23%. This indicates that CAEIX's price experiences larger fluctuations and is considered to be riskier than PGVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAEIX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 4.23% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 10.15% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 12.24% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 13.86% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 15.87% | +3.85% |
CAEIX vs. PGVFX - Expense Ratio Comparison
Both CAEIX and PGVFX have an expense ratio of 0.99%.
Dividends
CAEIX vs. PGVFX - Dividend Comparison
CAEIX's dividend yield for the trailing twelve months is around 0.61%, less than PGVFX's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEIX Calvert Global Energy Solutions Fund | 0.61% | 0.72% | 1.17% | 1.07% | 0.86% | 0.49% | 0.82% | 1.23% | 2.00% | 1.40% | 1.79% | 0.72% |
PGVFX Polaris Global Value Fund | 4.30% | 5.17% | 5.65% | 1.68% | 3.55% | 4.05% | 1.55% | 3.69% | 3.39% | 1.50% | 1.32% | 1.26% |
Frequently Asked Questions
CAEIX and PGVFX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAEIX has higher volatility (6.86%) compared to PGVFX (4.23%). In terms of maximum drawdown, CAEIX dropped -75.81% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (3.24 vs 2.44), 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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