CEYIX vs. CBAIX

Last updated Jul 25, 2026

CEYIX (Calvert Equity Fund Class I) and CBAIX (Calvert Balanced Fund Class I) are both mutual funds - CEYIX is a Large Cap Growth Equities fund actively managed by Calvert, while CBAIX is a Diversified Portfolio fund actively managed by Calvert. Both are actively managed. Over the past 10 years, CEYIX returned 11.67%/yr vs 9.42%/yr for CBAIX. Their correlation of 0.91 suggests significant overlap in exposure. CEYIX charges 0.66%/yr vs 0.65%/yr for CBAIX.

Performance

CEYIX vs. CBAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Equity Fund Class I (CEYIX) and Calvert Balanced Fund Class I (CBAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEYIX achieves a -8.36% return, which is significantly lower than CBAIX's 2.57% return. Over the past 10 years, CEYIX has outperformed CBAIX with an annualized return of 11.67%, while CBAIX has yielded a comparatively lower 9.42% annualized return.

CEYIX

• 1D: 0.13%
• 1M: 2.33%
• 6M: -9.10%
• YTD: -8.36%
• 1Y: -8.17%
• 3Y*: 3.99%
• 5Y*: 2.68%
• 10Y*: 11.67%
• ALL TIME*: 8.83%

CBAIX

• 1D: -0.82%
• 1M: 0.04%
• 6M: 1.96%
• YTD: 2.57%
• 1Y: 7.84%
• 3Y*: 12.87%
• 5Y*: 6.96%
• 10Y*: 9.42%
• ALL TIME*: 7.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CBAIX Calvert Balanced Fund Class I	$0.00	$0.00	$0.00
CEYIX Calvert Equity Fund Class I	$0.00	$0.00	$0.00

CEYIX vs. CBAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEYIX Calvert Equity Fund Class I	-8.36%	7.47%	8.62%	18.22%	-17.43%	29.21%	24.38%	36.79%	5.41%	26.23%
CBAIX Calvert Balanced Fund Class I	2.57%	11.60%	19.24%	16.66%	-15.13%	14.56%	15.74%	24.03%	-2.47%	11.47%

Correlation

The correlation between CEYIX and CBAIX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 27, 2004	0.91

Over the past year, the correlation between CEYIX and CBAIX has dropped to 0.51 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

CEYIX vs. CBAIX — Risk / Return Rank

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

CEYIX

CEYIX Risk / Return Rank: 2
CEYIX Sharpe Ratio Rank: 2
CEYIX Sortino Ratio Rank: 1
CEYIX Omega Ratio Rank: 2
CEYIX Calmar Ratio Rank: 1
CEYIX Martin Ratio Rank: 2

CBAIX

CBAIX Risk / Return Rank: 26
CBAIX Sharpe Ratio Rank: 27
CBAIX Sortino Ratio Rank: 25
CBAIX Omega Ratio Rank: 26
CBAIX Calmar Ratio Rank: 23
CBAIX Martin Ratio Rank: 30

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.

CEYIX vs. CBAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund Class I (CEYIX) and Calvert Balanced Fund Class I (CBAIX). 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.

	CEYIX	CBAIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	0.90	-1.44
Sortino ratio: Return per unit of downside risk	-0.69	1.32	-2.01
Omega ratio: Gain probability vs. loss probability	0.92	1.16	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.52	1.06	-1.58
Martin ratio: Return relative to average drawdown	-1.03	4.40	-5.43

CEYIX vs. CBAIX - Sharpe Ratio Comparison

The current CEYIX Sharpe Ratio is -0.55, which is lower than the CBAIX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CEYIX and CBAIX, 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

CEYIX vs. CBAIX - Drawdown Comparison

The maximum CEYIX drawdown since its inception was -50.45%, which is greater than CBAIX's maximum drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for CEYIX and CBAIX.

Drawdown Indicators

	CEYIX	CBAIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.45%	-38.21%	-12.24%
Max Drawdown (1Y) Largest decline over 1 year	-14.17%	-7.65%	-6.52%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	-11.80%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-25.57%	-19.79%	-5.78%
Max Drawdown (10Y) Largest decline over 10 years	-30.48%	-23.76%	-6.72%
Current Drawdown Current decline from peak	-10.56%	-1.86%	-8.70%
Average Drawdown Average peak-to-trough decline	-6.22%	-4.44%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	1.85%	+5.29%

Volatility

CEYIX vs. CBAIX - Volatility Comparison

Calvert Equity Fund Class I (CEYIX) has a higher volatility of 5.38% compared to Calvert Balanced Fund Class I (CBAIX) at 2.32%. This indicates that CEYIX's price experiences larger fluctuations and is considered to be riskier than CBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEYIX	CBAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	2.32%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	7.31%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	9.11%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	10.96%	+5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	11.08%	+6.09%

CEYIX vs. CBAIX - Expense Ratio Comparison

CEYIX has a 0.66% expense ratio, which is higher than CBAIX's 0.65% expense ratio.

Dividends

CEYIX vs. CBAIX - Dividend Comparison

CEYIX's dividend yield for the trailing twelve months is around 20.08%, more than CBAIX's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBAIX Calvert Balanced Fund Class I	4.77%	4.86%	5.32%	2.53%	2.50%	7.68%	2.59%	3.60%	5.40%	7.91%	3.01%	12.83%
CEYIX Calvert Equity Fund Class I	20.08%	18.40%	7.41%	1.66%	3.03%	3.17%	2.31%	2.66%	7.77%	7.39%	10.43%	23.16%

Frequently Asked Questions

Can I hold both CEYIX and CBAIX in my portfolio?

CEYIX and CBAIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEYIX or CBAIX?

CEYIX has higher volatility (5.38%) compared to CBAIX (2.32%). In terms of maximum drawdown, CEYIX dropped -50.45% vs CBAIX's -38.21%.

Which has better risk-adjusted returns?

CBAIX currently has the higher Sharpe Ratio (0.90 vs -0.55), 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.