CDEI vs. AVIE

Last updated Jun 4, 2026

CDEI (Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. CDEI is passively managed, while AVIE is actively managed. Over the past 3 years, CDEI returned 19.04%/yr vs 13.07%/yr for AVIE. At a 0.46 correlation, their price movements are largely independent. CDEI charges 0.14%/yr vs 0.25%/yr for AVIE.

Performance

CDEI vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDEI achieves a 8.69% return, which is significantly lower than AVIE's 12.80% return.

CDEI

• 1D: -1.07%
• 1M: 4.21%
• YTD: 8.69%
• 6M: 8.86%
• 1Y: 26.09%
• 3Y*: 19.04%
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 0.43%
• 1M: 0.22%
• YTD: 12.80%
• 6M: 12.98%
• 1Y: 23.46%
• 3Y*: 13.07%
• 5Y*: —
• 10Y*: —

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

CDEI vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	8.69%	16.60%	18.67%	20.47%
AVIE Avantis Inflation Focused Equity ETF	12.80%	11.37%	6.17%	3.33%

Correlation

The correlation between CDEI and AVIE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.46

The correlation between CDEI and AVIE shifts across timeframes, from 0.27 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

CDEI vs. AVIE - Sectors Allocation Comparison

Sectors	CDEI	AVIE
Technology	40.9%	0.1%
Financial Services	15.6%	15.0%
Communication Services	12.3%	-
Healthcare	9.8%	26.3%
Consumer Cyclical	6.5%	0.1%
Industrials	5.2%	1.1%
Consumer Defensive	4.9%	17.1%
Utilities	2.3%	0.1%
Real Estate	1.6%	0.1%
Energy	0.5%	30.1%
Basic Materials	0.3%	9.8%

Return for Risk

CDEI vs. AVIE — Risk / Return Rank

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

CDEI

CDEI Risk / Return Rank: 63
CDEI Sharpe Ratio Rank: 66
CDEI Sortino Ratio Rank: 66
CDEI Omega Ratio Rank: 63
CDEI Calmar Ratio Rank: 54
CDEI Martin Ratio Rank: 64

AVIE

AVIE Risk / Return Rank: 76
AVIE Sharpe Ratio Rank: 73
AVIE Sortino Ratio Rank: 76
AVIE Omega Ratio Rank: 70
AVIE Calmar Ratio Rank: 86
AVIE Martin Ratio Rank: 76

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.

CDEI vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	CDEI	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.39	-0.21
Sortino ratio: Return per unit of downside risk	3.02	3.44	-0.42
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	2.65	4.74	-2.09
Martin ratio: Return relative to average drawdown	11.52	14.57	-3.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDEI vs. AVIE - Sharpe Ratio Comparison

The current CDEI Sharpe Ratio is 2.18, which is comparable to the AVIE Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CDEI and AVIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDEI	AVIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.39	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.05	+0.26

Drawdowns

CDEI vs. AVIE - Drawdown Comparison

The maximum CDEI drawdown since its inception was -19.46%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for CDEI and AVIE.

Drawdown Indicators

	CDEI	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-12.39%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-4.97%	-4.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-12.39%	-7.07%
Current Drawdown Current decline from peak	-1.18%	-1.36%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.03%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.62%	+0.65%

Volatility

CDEI vs. AVIE - Volatility Comparison

Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) and Avantis Inflation Focused Equity ETF (AVIE) have volatilities of 3.00% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDEI	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.06%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	7.19%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	9.88%	+2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	12.94%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	12.94%	+2.08%

CDEI vs. AVIE - Expense Ratio Comparison

CDEI has a 0.14% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CDEI vs. AVIE - Dividend Comparison

CDEI's dividend yield for the trailing twelve months is around 0.97%, less than AVIE's 1.45% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.45%	1.75%	1.89%	3.72%	0.39%
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	0.97%	1.05%	1.22%	1.16%	0.00%

Frequently Asked Questions

Can I hold both CDEI and AVIE in my portfolio?

CDEI and AVIE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDEI or AVIE?

AVIE has higher volatility (3.06%) compared to CDEI (3.00%). In terms of maximum drawdown, CDEI dropped -19.46% vs AVIE's -12.39%.

Which ETF is better, CDEI or AVIE?

On 3-year performance, CDEI leads with 19.04% vs 13.07% for AVIE. On fees, CDEI is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDEI or AVIE?

Over the 3-year period, CDEI has performed better with a 19.04% return vs 13.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDEI or AVIE?

CDEI is cheaper with a 0.14% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, CDEI or AVIE?

AVIE has the higher dividend yield at 1.45%, compared with 0.97% for CDEI.

What is the main difference between CDEI and AVIE?

They also come from different issuers: Calvert and Avantis. Their fees differ too: 0.14% for CDEI and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.39 vs 2.18), 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.