CDEI vs. SELV

Last updated Jul 14, 2026

CDEI (Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. CDEI is passively managed, while SELV is actively managed. Over the past 3 years, CDEI returned 17.99%/yr vs 11.44%/yr for SELV. A 0.62 correlation means they provide meaningful diversification when combined. CDEI charges 0.14%/yr vs 0.15%/yr for SELV.

Performance

CDEI vs. SELV - 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 SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDEI achieves a 10.88% return, which is significantly higher than SELV's 4.65% return.

CDEI

• 1D: -0.51%
• 1M: 2.25%
• 6M: 9.37%
• YTD: 10.88%
• 1Y: 22.84%
• 3Y*: 17.99%
• 5Y*: —
• 10Y*: —

SELV

• 1D: 0.81%
• 1M: 1.85%
• 6M: 3.60%
• YTD: 4.65%
• 1Y: 10.70%
• 3Y*: 11.44%
• 5Y*: —
• 10Y*: —

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

CDEI vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	10.88%	16.60%	18.67%	22.82%
SELV SEI Enhanced Low Volatility US Large Cap ETF	4.65%	12.86%	14.71%	5.21%

Correlation

The correlation between CDEI and SELV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.62

Over the past year, the correlation between CDEI and SELV has dropped to 0.34 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

CDEI vs. SELV - Sectors Allocation Comparison

Sectors	CDEI	SELV
Technology	44.4%	21.4%
Financial Services	14.4%	4.8%
Communication Services	11.4%	15.8%
Healthcare	9.8%	17.0%
Consumer Cyclical	6.4%	4.9%
Industrials	4.7%	7.5%
Consumer Defensive	4.5%	12.3%
Utilities	2.0%	7.6%
Real Estate	1.5%	0.1%
Energy	0.4%	4.3%
Basic Materials	0.3%	2.8%

Return for Risk

CDEI vs. SELV — Risk / Return Rank

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

CDEI

CDEI Risk / Return Rank: 68
CDEI Sharpe Ratio Rank: 73
CDEI Sortino Ratio Rank: 72
CDEI Omega Ratio Rank: 68
CDEI Calmar Ratio Rank: 59
CDEI Martin Ratio Rank: 69

SELV

SELV Risk / Return Rank: 41
SELV Sharpe Ratio Rank: 41
SELV Sortino Ratio Rank: 41
SELV Omega Ratio Rank: 38
SELV Calmar Ratio Rank: 45
SELV Martin Ratio Rank: 39

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. SELV - 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 SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.16	+0.69
Sortino ratio: Return per unit of downside risk	2.60	1.71	+0.89
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.32	1.81	+0.51
Martin ratio: Return relative to average drawdown	9.94	4.84	+5.10

CDEI vs. SELV - Sharpe Ratio Comparison

The current CDEI Sharpe Ratio is 1.85, which is higher than the SELV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of CDEI and SELV, 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. SELV - Drawdown Comparison

The maximum CDEI drawdown since its inception was -19.46%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for CDEI and SELV.

Drawdown Indicators

	CDEI	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-13.73%	-5.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-5.92%	-3.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	-8.94%	-10.52%
Current Drawdown Current decline from peak	-0.81%	-0.34%	-0.47%
Average Drawdown Average peak-to-trough decline	-2.24%	-2.37%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.21%	+0.09%

Volatility

CDEI vs. SELV - Volatility Comparison

The current volatility for Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) is 3.48%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 3.86%. This indicates that CDEI experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDEI	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.86%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	7.24%	+2.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	9.26%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	11.90%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	11.90%	+3.11%

CDEI vs. SELV - Expense Ratio Comparison

CDEI has a 0.14% expense ratio, which is lower than SELV's 0.15% 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. SELV - Dividend Comparison

CDEI's dividend yield for the trailing twelve months is around 0.98%, less than SELV's 1.71% yield.

Position	TTM	2025	2024	2023	2022
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	0.98%	1.05%	1.22%	1.16%	0.00%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.71%	1.74%	1.77%	2.06%	1.26%

Frequently Asked Questions

Can I hold both CDEI and SELV in my portfolio?

CDEI and SELV have a correlation of 0.34, 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 SELV?

SELV has higher volatility (3.86%) compared to CDEI (3.48%). In terms of maximum drawdown, CDEI dropped -19.46% vs SELV's -13.73%.

Which ETF is better, CDEI or SELV?

On 3-year performance, CDEI leads with 17.99% vs 11.44% for SELV. On fees, CDEI is cheaper at 0.14% per year. On volatility, CDEI has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDEI or SELV?

Over the 3-year period, CDEI has performed better with a 17.99% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDEI or SELV?

CDEI is cheaper with a 0.14% expense ratio, compared with 0.15% for SELV.

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

SELV has the higher dividend yield at 1.71%, compared with 0.98% for CDEI.

What is the main difference between CDEI and SELV?

They also come from different issuers: Calvert and SEI. Their fees differ too: 0.14% for CDEI and 0.15% for SELV.

Which has better risk-adjusted returns?

CDEI currently has the higher Sharpe Ratio (1.85 vs 1.16), 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.