CFAIX vs. WWWEX

Last updated Apr 1, 2026

Compare and contrast key facts about Calvert Conservative Allocation Fund Class I (CFAIX) and Kinetics The Global Fund (WWWEX).

CFAIX is managed by Calvert Research and Management. It was launched on May 20, 2016. WWWEX is managed by Kinetics. It was launched on Dec 30, 1999.

Performance

CFAIX vs. WWWEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Conservative Allocation Fund Class I (CFAIX) and Kinetics The Global Fund (WWWEX). The values are adjusted to include any dividend payments, if applicable.

CFAIX vs. WWWEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFAIX Calvert Conservative Allocation Fund Class I	-2.69%	10.50%	6.65%	10.34%	-14.13%	7.92%	12.51%	15.89%	-2.54%	8.20%
WWWEX Kinetics The Global Fund	5.17%	2.89%	72.15%	11.83%	-6.45%	16.29%	25.00%	21.61%	-23.57%	47.25%

Returns By Period

In the year-to-date period, CFAIX achieves a -2.69% return, which is significantly lower than WWWEX's 5.17% return.

CFAIX

• 1D: 0.27%
• 1M: -4.75%
• YTD: -2.69%
• 6M: -0.88%
• 1Y: 6.39%
• 3Y*: 6.65%
• 5Y*: 2.99%
• 10Y*: —

WWWEX

• 1D: -2.26%
• 1M: -7.55%
• YTD: 5.17%
• 6M: -1.12%
• 1Y: 5.51%
• 3Y*: 28.42%
• 5Y*: 11.80%
• 10Y*: 16.02%

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

CFAIX vs. WWWEX - Expense Ratio Comparison

CFAIX has a 0.66% expense ratio, which is lower than WWWEX's 1.39% expense ratio.

WWWEX

Kinetics The Global Fund

CFAIX

Calvert Conservative Allocation Fund Class I

Return for Risk

CFAIX vs. WWWEX — Risk / Return Rank

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

CFAIX

CFAIX Risk / Return Rank: 48
CFAIX Sharpe Ratio Rank: 50
CFAIX Sortino Ratio Rank: 46
CFAIX Omega Ratio Rank: 43
CFAIX Calmar Ratio Rank: 49
CFAIX Martin Ratio Rank: 50

WWWEX

WWWEX Risk / Return Rank: 12
WWWEX Sharpe Ratio Rank: 12
WWWEX Sortino Ratio Rank: 12
WWWEX Omega Ratio Rank: 11
WWWEX Calmar Ratio Rank: 12
WWWEX Martin Ratio Rank: 11

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.

CFAIX vs. WWWEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Conservative Allocation Fund Class I (CFAIX) and Kinetics The Global Fund (WWWEX). 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.

	CFAIX	WWWEX	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.30	+0.68
Sortino ratio Return per unit of downside risk	1.38	0.53	+0.84
Omega ratio Gain probability vs. loss probability	1.19	1.07	+0.13
Calmar ratio Return relative to maximum drawdown	1.22	0.30	+0.92
Martin ratio Return relative to average drawdown	4.96	0.74	+4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFAIX vs. WWWEX - Sharpe Ratio Comparison

The current CFAIX Sharpe Ratio is 0.98, which is higher than the WWWEX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of CFAIX and WWWEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFAIX	WWWEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.30	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.60	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.24	+0.54

Correlation

The correlation between CFAIX and WWWEX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CFAIX vs. WWWEX - Dividend Comparison

CFAIX's dividend yield for the trailing twelve months is around 3.62%, more than WWWEX's 2.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFAIX Calvert Conservative Allocation Fund Class I	3.62%	3.56%	3.62%	3.48%	2.48%	5.55%	4.39%	4.38%	5.10%	2.39%	0.00%	0.00%
WWWEX Kinetics The Global Fund	2.45%	2.58%	0.98%	2.50%	1.47%	3.50%	0.00%	0.00%	0.08%	9.04%	0.40%	0.06%

Drawdowns

CFAIX vs. WWWEX - Drawdown Comparison

The maximum CFAIX drawdown since its inception was -18.74%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for CFAIX and WWWEX.

Drawdown Indicators

	CFAIX	WWWEX	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-82.60%	+63.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.08%	-12.14%	+7.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.74%	-26.94%	+8.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.00%	—
Current Drawdown Current decline from peak	-4.75%	-9.29%	+4.54%
Average Drawdown Average peak-to-trough decline	-3.30%	-41.55%	+38.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	4.85%	-3.60%

Volatility

CFAIX vs. WWWEX - Volatility Comparison

The current volatility for Calvert Conservative Allocation Fund Class I (CFAIX) is 2.54%, while Kinetics The Global Fund (WWWEX) has a volatility of 5.99%. This indicates that CFAIX experiences smaller price fluctuations and is considered to be less risky than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFAIX	WWWEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	5.99%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	3.99%	14.18%	-10.19%
Volatility (1Y) Calculated over the trailing 1-year period	6.71%	18.30%	-11.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	19.90%	-12.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.90%	19.12%	-12.22%