CFICX vs. CSIBX

Last updated Jun 3, 2026

CFICX (Calvert Income Fund) and CSIBX (Calvert Bond Fund) are both mutual funds - CFICX is a Corporate Bonds fund managed by Calvert Research and Management, while CSIBX is a Intermediate Core-Plus Bond fund managed by Calvert Research and Management. Over the past 10 years, CFICX returned 3.00%/yr vs 2.21%/yr for CSIBX. Their correlation of 0.93 suggests significant overlap in exposure. CFICX charges 0.92%/yr vs 0.73%/yr for CSIBX.

Performance

CFICX vs. CSIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Income Fund (CFICX) and Calvert Bond Fund (CSIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFICX achieves a 0.52% return, which is significantly higher than CSIBX's 0.23% return. Over the past 10 years, CFICX has outperformed CSIBX with an annualized return of 3.00%, while CSIBX has yielded a comparatively lower 2.21% annualized return.

CFICX

• 1D: -0.13%
• 1M: 0.18%
• YTD: 0.52%
• 6M: 0.79%
• 1Y: 6.30%
• 3Y*: 6.10%
• 5Y*: 1.02%
• 10Y*: 3.00%

CSIBX

• 1D: -0.07%
• 1M: 0.14%
• YTD: 0.23%
• 6M: 0.45%
• 1Y: 5.60%
• 3Y*: 4.67%
• 5Y*: 0.71%
• 10Y*: 2.21%

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

CFICX vs. CSIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFICX Calvert Income Fund	0.52%	8.94%	4.11%	7.61%	-16.07%	1.71%	8.26%	14.75%	-3.36%	6.57%
CSIBX Calvert Bond Fund	0.23%	7.93%	2.45%	6.55%	-12.85%	0.11%	7.39%	8.44%	-0.16%	4.19%

Correlation

The correlation between CFICX and CSIBX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.93

The correlation between CFICX and CSIBX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

CFICX vs. CSIBX — Risk / Return Rank

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

CFICX

CFICX Risk / Return Rank: 33
CFICX Sharpe Ratio Rank: 32
CFICX Sortino Ratio Rank: 36
CFICX Omega Ratio Rank: 33
CFICX Calmar Ratio Rank: 32
CFICX Martin Ratio Rank: 31

CSIBX

CSIBX Risk / Return Rank: 22
CSIBX Sharpe Ratio Rank: 22
CSIBX Sortino Ratio Rank: 22
CSIBX Omega Ratio Rank: 20
CSIBX Calmar Ratio Rank: 25
CSIBX Martin Ratio Rank: 22

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.

CFICX vs. CSIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) and Calvert Bond Fund (CSIBX). 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.

	CFICX	CSIBX	Difference
Sharpe ratio Return per unit of total volatility	1.65	1.34	+0.31
Sortino ratio Return per unit of downside risk	2.53	1.99	+0.54
Omega ratio Gain probability vs. loss probability	1.30	1.24	+0.07
Calmar ratio Return relative to maximum drawdown	2.17	1.86	+0.31
Martin ratio Return relative to average drawdown	7.30	5.71	+1.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFICX vs. CSIBX - Sharpe Ratio Comparison

The current CFICX Sharpe Ratio is 1.65, which is comparable to the CSIBX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of CFICX and CSIBX, 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

	CFICX	CSIBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.34	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.13	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.49	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.04	-0.04

Drawdowns

CFICX vs. CSIBX - Drawdown Comparison

The maximum CFICX drawdown since its inception was -21.28%, which is greater than CSIBX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for CFICX and CSIBX.

Drawdown Indicators

	CFICX	CSIBX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-17.57%	-3.71%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-3.14%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-5.95%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.28%	-17.57%	-3.71%
Max Drawdown (10Y) Largest decline over 10 years	-21.28%	-17.57%	-3.71%
Current Drawdown Current decline from peak	-1.15%	-1.52%	+0.37%
Average Drawdown Average peak-to-trough decline	-3.46%	-2.05%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.03%	-0.11%

Volatility

CFICX vs. CSIBX - Volatility Comparison

Calvert Income Fund (CFICX) and Calvert Bond Fund (CSIBX) have volatilities of 1.50% and 1.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFICX	CSIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.49%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	2.95%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	3.97%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.64%	5.50%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	4.55%	+0.67%

CFICX vs. CSIBX - Expense Ratio Comparison

CFICX has a 0.92% expense ratio, which is higher than CSIBX's 0.73% expense ratio.

Dividends

CFICX vs. CSIBX - Dividend Comparison

CFICX's dividend yield for the trailing twelve months is around 4.75%, more than CSIBX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFICX Calvert Income Fund	4.75%	4.86%	4.91%	4.05%	3.22%	2.70%	2.96%	3.25%	3.60%	2.96%	3.23%	2.87%
CSIBX Calvert Bond Fund	4.31%	4.35%	4.18%	3.28%	2.34%	3.12%	3.39%	3.43%	2.49%	2.22%	2.58%	2.45%

Frequently Asked Questions

Can I hold both CFICX and CSIBX in my portfolio?

With a correlation of 0.97, CFICX and CSIBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CFICX or CSIBX?

CFICX has higher volatility (1.50%) compared to CSIBX (1.49%). In terms of maximum drawdown, CFICX dropped -21.28% vs CSIBX's -17.57%.

Which has better risk-adjusted returns?

CFICX currently has the higher Sharpe Ratio (1.65 vs 1.34), 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.