CDEI vs. RBIL

Last updated Jun 24, 2026

CDEI (Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - CDEI is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, CDEI returned 24.61% vs 4.07% for RBIL. At a correlation of -0.21, they often move in opposite directions. CDEI charges 0.14%/yr vs 0.17%/yr for RBIL.

Performance

CDEI vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDEI achieves a 8.20% return, which is significantly higher than RBIL's 2.32% return.

CDEI

• 1D: -0.78%
• 1M: -0.63%
• YTD: 8.20%
• 6M: 7.48%
• 1Y: 24.61%
• 3Y*: 18.24%
• 5Y*: —
• 10Y*: —

RBIL

• 1D: 0.01%
• 1M: -0.19%
• YTD: 2.32%
• 6M: 2.37%
• 1Y: 4.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDEI vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	8.20%	15.38%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.32%	2.85%

Correlation

The correlation between CDEI and RBIL is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.21

Return for Risk

CDEI vs. RBIL — 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: 67
CDEI Sortino Ratio Rank: 66
CDEI Omega Ratio Rank: 62
CDEI Calmar Ratio Rank: 55
CDEI Martin Ratio Rank: 64

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

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. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

	CDEI	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.00	4.35	-2.35
Sortino ratio: Return per unit of downside risk	2.78	6.69	-3.92
Omega ratio: Gain probability vs. loss probability	1.35	2.13	-0.78
Calmar ratio: Return relative to maximum drawdown	2.50	7.82	-5.32
Martin ratio: Return relative to average drawdown	10.74	42.95	-32.21

CDEI vs. RBIL - Sharpe Ratio Comparison

The current CDEI Sharpe Ratio is 2.00, which is lower than the RBIL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of CDEI and RBIL, 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

CDEI vs. RBIL - Drawdown Comparison

The maximum CDEI drawdown since its inception was -19.46%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for CDEI and RBIL.

Drawdown Indicators

	CDEI	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-0.52%	-18.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-0.52%	-9.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	—	—
Current Drawdown Current decline from peak	-1.64%	-0.50%	-1.14%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.07%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	0.10%	+2.20%

Volatility

CDEI vs. RBIL - Volatility Comparison

Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) has a higher volatility of 4.22% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that CDEI's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDEI	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	0.36%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	0.85%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	0.95%	+11.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	1.07%	+14.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	1.07%	+14.01%

CDEI vs. RBIL - Expense Ratio Comparison

CDEI has a 0.14% expense ratio, which is lower than RBIL's 0.17% 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. RBIL - Dividend Comparison

CDEI's dividend yield for the trailing twelve months is around 1.01%, less than RBIL's 4.38% yield.

Position	TTM	2025	2024	2023
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	1.01%	1.05%	1.22%	1.16%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDEI and RBIL in my portfolio?

CDEI and RBIL have a correlation of -0.22, 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 RBIL?

CDEI has higher volatility (4.22%) compared to RBIL (0.36%). In terms of maximum drawdown, CDEI dropped -19.46% vs RBIL's -0.52%.

Which ETF is better, CDEI or RBIL?

On 1-year performance, CDEI leads with 24.61% vs 4.07% for RBIL. On fees, CDEI is cheaper at 0.14% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDEI or RBIL?

Over the 1-year period, CDEI has performed better with a 24.61% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDEI or RBIL?

CDEI is cheaper with a 0.14% expense ratio, compared with 0.17% for RBIL.

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

RBIL has the higher dividend yield at 4.38%, compared with 1.01% for CDEI.

What is the main difference between CDEI and RBIL?

CDEI is categorized as Large Cap Blend Equities, while RBIL is Inflation-Protected Bonds. CDEI tracks Russell 1000 Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Calvert and F/m. Their fees differ too: 0.14% for CDEI and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.35 vs 2.00), 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.