CEFIX vs. CRFIX

Last updated Jun 25, 2026

CEFIX (Calvert Emerging Markets Advancement Fund) and CRFIX (Calvert Focused Value Fund) are both mutual funds - CEFIX is a Emerging Markets Diversified fund managed by Calvert Research and Management, while CRFIX is a Large Cap Value Equities fund managed by Calvert Research and Management. A 0.54 correlation means they provide meaningful diversification when combined. CEFIX charges 0.97%/yr vs 0.74%/yr for CRFIX.

Performance

CEFIX vs. CRFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Emerging Markets Advancement Fund (CEFIX) and Calvert Focused Value Fund (CRFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEFIX

• 1D: -5.25%
• 1M: 4.53%
• YTD: 23.64%
• 6M: 24.45%
• 1Y: 46.39%
• 3Y*: 26.13%
• 5Y*: 11.41%
• 10Y*: —

CRFIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEFIX vs. CRFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CEFIX Calvert Emerging Markets Advancement Fund	23.64%	38.50%	11.21%	11.61%	-9.71%
CRFIX Calvert Focused Value Fund	11.46%	13.26%	12.24%	8.84%	-1.34%

Correlation

The correlation between CEFIX and CRFIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.54

The correlation between CEFIX and CRFIX has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

Return for Risk

CEFIX vs. CRFIX — Risk / Return Rank

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

CEFIX

CEFIX Risk / Return Rank: 81
CEFIX Sharpe Ratio Rank: 83
CEFIX Sortino Ratio Rank: 70
CEFIX Omega Ratio Rank: 83
CEFIX Calmar Ratio Rank: 85
CEFIX Martin Ratio Rank: 84

CRFIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CEFIX vs. CRFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Emerging Markets Advancement Fund (CEFIX) and Calvert Focused Value Fund (CRFIX). 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.

	CEFIX	CRFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.67	—	—
Martin ratio: Return relative to average drawdown	14.16	—	—

Drawdowns

Drawdown Indicators

	CEFIX	CRFIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.73%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.41%	—	—
Current Drawdown Current decline from peak	-5.25%	—	—
Average Drawdown Average peak-to-trough decline	-9.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	—	—

Volatility

Volatility by Period

	CEFIX	CRFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	—	—

CEFIX vs. CRFIX - Expense Ratio Comparison

CEFIX has a 0.97% expense ratio, which is higher than CRFIX's 0.74% expense ratio.

Dividends

CEFIX vs. CRFIX - Dividend Comparison

CEFIX's dividend yield for the trailing twelve months is around 2.53%, less than CRFIX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CEFIX Calvert Emerging Markets Advancement Fund	2.53%	3.13%	1.76%	3.20%	5.51%	4.57%	0.13%	0.48%
CRFIX Calvert Focused Value Fund	5.18%	5.77%	4.37%	1.02%	0.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CEFIX and CRFIX in my portfolio?

CEFIX and CRFIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.