CFICX vs. CSIEX
CFICX (Calvert Income Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CFICX is a Corporate Bonds fund managed by Calvert Research and Management, while CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management. Over the past 10 years, CFICX returned 2.91%/yr vs 11.61%/yr for CSIEX. At a 0.03 correlation, their price movements are largely independent. CFICX charges 0.92%/yr vs 0.91%/yr for CSIEX.
Performance
CFICX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CFICX achieves a 0.19% return, which is significantly higher than CSIEX's -12.17% return. Over the past 10 years, CFICX has underperformed CSIEX with an annualized return of 2.91%, while CSIEX has yielded a comparatively higher 11.61% annualized return.
CFICX
- 1D
- -0.26%
- 1M
- 0.70%
- YTD
- 0.19%
- 6M
- 0.72%
- 1Y
- 5.11%
- 3Y*
- 5.91%
- 5Y*
- 0.76%
- 10Y*
- 2.91%
CSIEX
- 1D
- -1.28%
- 1M
- -3.26%
- YTD
- -12.17%
- 6M
- -12.57%
- 1Y
- -8.64%
- 3Y*
- 4.09%
- 5Y*
- 2.90%
- 10Y*
- 11.61%
CFICX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | 0.19% | 8.94% | 4.11% | 7.61% | -16.07% | 1.71% | 8.26% | 14.75% | -3.36% | 6.57% |
CSIEX Calvert Equity Fund | -12.17% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CFICX and CSIEX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1987 | 0.03 |
Over the past year, CFICX and CSIEX have become more correlated (0.38) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
CFICX vs. CSIEX — Risk / Return Rank
CFICX
CSIEX
CFICX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) and Calvert Equity Fund (CSIEX). 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.
| CFICX | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.91 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.54 | +2.27 |
| Martin ratioReturn relative to average drawdown | 5.50 | -1.18 | +6.68 |
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Drawdowns
CFICX vs. CSIEX - Drawdown Comparison
The maximum CFICX drawdown since its inception was -21.28%, smaller than the maximum CSIEX drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CFICX and CSIEX.
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Drawdown Indicators
| CFICX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.28% | -50.81% | +29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -14.28% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -14.87% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -25.71% | +4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -30.50% | +9.22% |
Current DrawdownCurrent decline from peak | -1.47% | -14.28% | +12.81% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -6.24% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 6.50% | -5.53% |
Volatility
CFICX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Income Fund (CFICX) is 1.25%, while Calvert Equity Fund (CSIEX) has a volatility of 4.54%. This indicates that CFICX experiences smaller price fluctuations and is considered to be less risky than CSIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFICX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 4.54% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 10.03% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 12.69% | -8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 16.30% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 17.19% | -11.96% |
CFICX vs. CSIEX - Expense Ratio Comparison
CFICX has a 0.92% expense ratio, which is higher than CSIEX's 0.91% expense ratio.
Dividends
CFICX vs. CSIEX - Dividend Comparison
CFICX's dividend yield for the trailing twelve months is around 4.76%, less than CSIEX's 26.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | 4.76% | 4.86% | 4.91% | 4.05% | 3.22% | 2.70% | 2.96% | 3.25% | 3.60% | 2.96% | 3.23% | 2.87% |
CSIEX Calvert Equity Fund | 26.15% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
Frequently Asked Questions
CFICX and CSIEX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (4.54%) compared to CFICX (1.25%). In terms of maximum drawdown, CFICX dropped -21.28% vs CSIEX's -50.81%.
CFICX currently has the higher Sharpe Ratio (1.44 vs -0.61), 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.
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