CDEI vs. SAMT

Last updated Jun 4, 2026

CDEI (Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF) and SAMT (Strategas Macro Thematic Opportunities ETF) are both Large Cap Blend Equities funds. CDEI is passively managed, while SAMT is actively managed. Over the past 3 years, CDEI returned 19.04%/yr vs 28.84%/yr for SAMT. A 0.71 correlation means they provide meaningful diversification when combined. CDEI charges 0.14%/yr vs 0.66%/yr for SAMT.

Performance

CDEI vs. SAMT - 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 Strategas Macro Thematic Opportunities ETF (SAMT). 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 SAMT's 20.25% return.

CDEI

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

SAMT

• 1D: -0.66%
• 1M: 6.66%
• YTD: 20.25%
• 6M: 23.92%
• 1Y: 42.07%
• 3Y*: 28.84%
• 5Y*: —
• 10Y*: —

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

CDEI vs. SAMT - 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%
SAMT Strategas Macro Thematic Opportunities ETF	20.25%	33.10%	28.15%	0.48%

Correlation

The correlation between CDEI and SAMT is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.71

The correlation between CDEI and SAMT has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

CDEI vs. SAMT - Sectors Allocation Comparison

Sectors	CDEI	SAMT
Technology	40.9%	27.8%
Financial Services	15.6%	5.6%
Communication Services	12.3%	7.8%
Healthcare	9.8%	4.3%
Consumer Cyclical	6.5%	5.6%
Industrials	5.2%	22.0%
Consumer Defensive	4.9%	12.0%
Utilities	2.3%	6.6%
Real Estate	1.6%	2.9%
Energy	0.5%	2.9%
Basic Materials	0.3%	2.7%

Return for Risk

CDEI vs. SAMT — 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

SAMT

SAMT Risk / Return Rank: 77
SAMT Sharpe Ratio Rank: 77
SAMT Sortino Ratio Rank: 74
SAMT Omega Ratio Rank: 70
SAMT Calmar Ratio Rank: 88
SAMT Martin Ratio Rank: 75

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. SAMT - 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 Strategas Macro Thematic Opportunities ETF (SAMT). 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	SAMT	Difference
Sharpe ratio Return per unit of total volatility	2.18	2.53	-0.35
Sortino ratio Return per unit of downside risk	3.02	3.35	-0.33
Omega ratio Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio Return relative to maximum drawdown	2.65	5.19	-2.53
Martin ratio Return relative to average drawdown	11.52	14.30	-2.79
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. SAMT - Sharpe Ratio Comparison

The current CDEI Sharpe Ratio is 2.18, which is comparable to the SAMT Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CDEI and SAMT, 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	SAMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.53	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.98	+0.33

Drawdowns

CDEI vs. SAMT - Drawdown Comparison

The maximum CDEI drawdown since its inception was -19.46%, smaller than the maximum SAMT drawdown of -20.57%. Use the drawdown chart below to compare losses from any high point for CDEI and SAMT.

Drawdown Indicators

	CDEI	SAMT	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-20.57%	+1.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-8.15%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-18.27%	-1.19%
Current Drawdown Current decline from peak	-1.18%	-0.66%	-0.52%
Average Drawdown Average peak-to-trough decline	-2.28%	-7.72%	+5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.95%	-0.68%

Volatility

CDEI vs. SAMT - Volatility Comparison

The current volatility for Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) is 3.00%, while Strategas Macro Thematic Opportunities ETF (SAMT) has a volatility of 6.82%. This indicates that CDEI experiences smaller price fluctuations and is considered to be less risky than SAMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDEI	SAMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	6.82%	-3.82%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	12.56%	-3.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	16.68%	-4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	16.94%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	16.94%	-1.92%

CDEI vs. SAMT - Expense Ratio Comparison

CDEI has a 0.14% expense ratio, which is lower than SAMT's 0.66% expense ratio.

Dividends

CDEI vs. SAMT - Dividend Comparison

CDEI's dividend yield for the trailing twelve months is around 0.97%, more than SAMT's 0.58% yield.

Position	TTM	2025	2024	2023	2022
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	0.97%	1.05%	1.22%	1.16%	0.00%
SAMT Strategas Macro Thematic Opportunities ETF	0.58%	0.70%	1.40%	1.49%	0.73%

Frequently Asked Questions

Can I hold both CDEI and SAMT in my portfolio?

CDEI and SAMT have a correlation of 0.62, 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 SAMT?

SAMT has higher volatility (6.82%) compared to CDEI (3.00%). In terms of maximum drawdown, CDEI dropped -19.46% vs SAMT's -20.57%.

Which ETF is better, CDEI or SAMT?

On 3-year performance, SAMT leads with 28.84% vs 19.04% for CDEI. On fees, CDEI is cheaper at 0.14% per year. On volatility, CDEI has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDEI or SAMT?

Over the 3-year period, SAMT has performed better with a 28.84% return vs 19.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDEI or SAMT?

CDEI is cheaper with a 0.14% expense ratio, compared with 0.66% for SAMT.

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

CDEI has the higher dividend yield at 0.97%, compared with 0.58% for SAMT.

What is the main difference between CDEI and SAMT?

They also come from different issuers: Calvert and Strategas. Their fees differ too: 0.14% for CDEI and 0.66% for SAMT.

Which has better risk-adjusted returns?

SAMT currently has the higher Sharpe Ratio (2.53 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.