CCVAX vs. CSIEX
CCVAX (Calvert Small-Cap Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CCVAX is a Small Cap Blend Equities fund managed by Calvert, while CSIEX is a Large Cap Growth Equities fund managed by Calvert. Over the past 10 years, CCVAX returned 8.10%/yr vs 11.84%/yr for CSIEX. Their correlation of 0.81 means they have usually moved in the same direction. CCVAX charges 1.19%/yr vs 0.91%/yr for CSIEX.
Performance
CCVAX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CCVAX achieves a 8.55% return, which is significantly higher than CSIEX's -4.38% return. Over the past 10 years, CCVAX has underperformed CSIEX with an annualized return of 8.10%, while CSIEX has yielded a comparatively higher 11.84% annualized return.
CCVAX
- 1D
- -0.07%
- 1M
- -0.50%
- 6M
- 4.62%
- YTD
- 8.55%
- 1Y
- 8.17%
- 3Y*
- 4.46%
- 5Y*
- 2.39%
- 10Y*
- 8.10%
- ALL TIME*
- 7.18%
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 |
CCVAX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCVAX Calvert Small-Cap Fund | 8.55% | -6.30% | 11.92% | 11.45% | -16.14% | 19.81% | 14.64% | 26.02% | -6.94% | 13.42% |
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 CCVAX and CSIEX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2004 | 0.81 |
Over the past year, the correlation between CCVAX and CSIEX has dropped to 0.57 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CCVAX vs. CSIEX — Risk / Return Rank
CCVAX
CSIEX
CCVAX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Small-Cap Fund (CCVAX) 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.
| CCVAX | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.98 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.21 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.76 | -0.41 | +1.17 |
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Drawdowns
CCVAX vs. CSIEX - Drawdown Comparison
The maximum CCVAX drawdown since its inception was -55.18%, which is greater than CSIEX's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CCVAX and CSIEX.
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Drawdown Indicators
| CCVAX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -50.81% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -14.28% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.02% | -14.87% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -25.71% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -30.50% | -5.77% |
Current DrawdownCurrent decline from peak | -6.34% | -6.68% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -6.25% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 7.25% | -1.25% |
Volatility
CCVAX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Small-Cap Fund (CCVAX) is 4.45%, while Calvert Equity Fund (CSIEX) has a volatility of 5.58%. This indicates that CCVAX 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
| CCVAX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 5.58% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 11.19% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 13.72% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 16.46% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 17.22% | +2.72% |
CCVAX vs. CSIEX - Expense Ratio Comparison
CCVAX has a 1.19% expense ratio, which is higher than CSIEX's 0.91% expense ratio.
Dividends
CCVAX vs. CSIEX - Dividend Comparison
CCVAX's dividend yield for the trailing twelve months is around 13.01%, less than CSIEX's 24.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCVAX Calvert Small-Cap Fund | 13.01% | 14.12% | 1.47% | 0.12% | 1.43% | 7.26% | 0.00% | 1.23% | 5.97% | 14.34% | 1.39% | 9.12% |
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
CCVAX and CSIEX have a correlation of 0.57, 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 CCVAX (4.45%). In terms of maximum drawdown, CCVAX dropped -55.18% vs CSIEX's -50.81%.
CCVAX currently has the higher Sharpe Ratio (0.28 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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