CCLAX vs. CSIEX
CCLAX (Calvert Conservative Allocation Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CCLAX 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, CCLAX returned 5.49%/yr vs 11.85%/yr for CSIEX. Their correlation of 0.81 means they have usually moved in the same direction. CCLAX charges 0.41%/yr vs 0.91%/yr for CSIEX.
Performance
CCLAX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CCLAX achieves a 4.03% return, which is significantly higher than CSIEX's -3.65% return. Over the past 10 years, CCLAX has underperformed CSIEX with an annualized return of 5.49%, while CSIEX has yielded a comparatively higher 11.85% annualized return.
CCLAX
- 1D
- 0.57%
- 1M
- -0.26%
- 6M
- 3.21%
- YTD
- 4.03%
- 1Y
- 8.42%
- 3Y*
- 8.48%
- 5Y*
- 3.26%
- 10Y*
- 5.49%
- ALL TIME*
- 5.21%
CSIEX
- 1D
- 1.10%
- 1M
- 3.32%
- 6M
- 0.22%
- YTD
- -3.65%
- 1Y
- -2.89%
- 3Y*
- 6.48%
- 5Y*
- 3.49%
- 10Y*
- 11.85%
- ALL TIME*
- 8.62%
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 |
CCLAX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCLAX Calvert Conservative Allocation Fund | 4.03% | 10.23% | 6.39% | 10.07% | -14.32% | 7.73% | 12.18% | 15.62% | -2.96% | 8.28% |
CSIEX Calvert Equity Fund | -3.65% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CCLAX and CSIEX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2005 | 0.81 |
Over the past year, the correlation between CCLAX and CSIEX has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CCLAX vs. CSIEX — Risk / Return Rank
CCLAX
CSIEX
CCLAX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Conservative Allocation Fund (CCLAX) 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.
| CCLAX | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.07 | +1.88 |
| Martin ratioReturn relative to average drawdown | 7.72 | -0.13 | +7.86 |
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Drawdowns
CCLAX vs. CSIEX - Drawdown Comparison
The maximum CCLAX drawdown since its inception was -23.98%, smaller than the maximum CSIEX drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CCLAX and CSIEX.
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Drawdown Indicators
| CCLAX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.98% | -50.81% | +26.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -14.28% | +9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -6.48% | -14.87% | +8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.86% | -25.71% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -18.86% | -30.50% | +11.64% |
Current DrawdownCurrent decline from peak | -0.66% | -5.96% | +5.30% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -6.25% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 7.27% | -6.09% |
Volatility
CCLAX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Conservative Allocation Fund (CCLAX) is 1.84%, while Calvert Equity Fund (CSIEX) has a volatility of 5.10%. This indicates that CCLAX 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
| CCLAX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 5.10% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.33% | 11.23% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 13.73% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 16.46% | -9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 17.23% | -10.45% |
CCLAX vs. CSIEX - Expense Ratio Comparison
CCLAX has a 0.41% expense ratio, which is lower than CSIEX's 0.91% expense ratio.
Dividends
CCLAX vs. CSIEX - Dividend Comparison
CCLAX's dividend yield for the trailing twelve months is around 3.16%, less than CSIEX's 23.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCLAX Calvert Conservative Allocation Fund | 3.16% | 3.31% | 3.37% | 3.24% | 2.22% | 5.37% | 4.16% | 4.14% | 4.83% | 2.22% | 3.52% | 5.82% |
CSIEX Calvert Equity Fund | 23.84% | 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
CCLAX and CSIEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.10%) compared to CCLAX (1.84%). In terms of maximum drawdown, CCLAX dropped -23.98% vs CSIEX's -50.81%.
CCLAX currently has the higher Sharpe Ratio (1.46 vs -0.07), 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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