CFICX vs. PTIAX

Last updated Jun 6, 2026

CFICX (Calvert Income Fund) and PTIAX (Performance Trust Strategic Bond Fund) are both mutual funds - CFICX is a Corporate Bonds fund managed by Calvert Research and Management, while PTIAX is a Intermediate Core-Plus Bond fund managed by Performance Trust Asset Management. Over the past 10 years, CFICX returned 3.00%/yr vs 2.90%/yr for PTIAX. A 0.77 correlation means they provide meaningful diversification when combined. CFICX charges 0.92%/yr vs 0.76%/yr for PTIAX.

Performance

CFICX vs. PTIAX - Performance Comparison

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

Returns By Period

In the year-to-date period, CFICX achieves a 0.45% return, which is significantly lower than PTIAX's 0.81% return. Both investments have delivered pretty close results over the past 10 years, with CFICX having a 3.00% annualized return and PTIAX not far behind at 2.90%.

CFICX

• 1D: 0.13%
• 1M: 0.04%
• YTD: 0.45%
• 6M: 0.92%
• 1Y: 6.30%
• 3Y*: 6.05%
• 5Y*: 0.96%
• 10Y*: 3.00%

PTIAX

• 1D: 0.10%
• 1M: 0.17%
• YTD: 0.81%
• 6M: 0.98%
• 1Y: 6.30%
• 3Y*: 5.23%
• 5Y*: 1.00%
• 10Y*: 2.90%

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

CFICX vs. PTIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFICX Calvert Income Fund	0.45%	8.94%	4.11%	7.61%	-16.07%	1.71%	8.26%	14.75%	-3.36%	6.57%
PTIAX Performance Trust Strategic Bond Fund	0.81%	6.92%	3.52%	7.48%	-12.84%	1.15%	5.73%	7.36%	2.01%	7.08%

Correlation

The correlation between CFICX and PTIAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.77

The correlation between CFICX and PTIAX shifts across timeframes, from 0.77 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CFICX vs. PTIAX — Risk / Return Rank

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

CFICX

CFICX Risk / Return Rank: 31
CFICX Sharpe Ratio Rank: 32
CFICX Sortino Ratio Rank: 35
CFICX Omega Ratio Rank: 32
CFICX Calmar Ratio Rank: 27
CFICX Martin Ratio Rank: 27

PTIAX

PTIAX Risk / Return Rank: 26
PTIAX Sharpe Ratio Rank: 27
PTIAX Sortino Ratio Rank: 29
PTIAX Omega Ratio Rank: 26
PTIAX Calmar Ratio Rank: 28
PTIAX Martin Ratio Rank: 23

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. PTIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) and Performance Trust Strategic Bond Fund (PTIAX). 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	PTIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.42	+0.13
Sortino ratio: Return per unit of downside risk	2.36	2.13	+0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	1.85	1.90	-0.05
Martin ratio: Return relative to average drawdown	6.14	5.40	+0.74
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. PTIAX - Sharpe Ratio Comparison

The current CFICX Sharpe Ratio is 1.55, which is comparable to the PTIAX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of CFICX and PTIAX, 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	PTIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.42	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.20	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.72	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.22	-0.22

Drawdowns

CFICX vs. PTIAX - Drawdown Comparison

The maximum CFICX drawdown since its inception was -21.28%, which is greater than PTIAX's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for CFICX and PTIAX.

Drawdown Indicators

	CFICX	PTIAX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-16.90%	-4.38%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-2.99%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-4.96%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-21.28%	-16.90%	-4.38%
Max Drawdown (10Y) Largest decline over 10 years	-21.28%	-16.90%	-4.38%
Current Drawdown Current decline from peak	-1.21%	-1.44%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.46%	-2.44%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.05%	-0.13%

Volatility

CFICX vs. PTIAX - Volatility Comparison

Calvert Income Fund (CFICX) has a higher volatility of 1.46% compared to Performance Trust Strategic Bond Fund (PTIAX) at 1.38%. This indicates that CFICX's price experiences larger fluctuations and is considered to be riskier than PTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFICX	PTIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	1.38%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.80%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	4.03%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.64%	4.97%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	4.04%	+1.18%

CFICX vs. PTIAX - Expense Ratio Comparison

CFICX has a 0.92% expense ratio, which is higher than PTIAX's 0.76% expense ratio.

Dividends

CFICX vs. PTIAX - Dividend Comparison

CFICX's dividend yield for the trailing twelve months is around 4.75%, which matches PTIAX's 4.76% 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%
PTIAX Performance Trust Strategic Bond Fund	4.76%	4.68%	4.44%	4.03%	3.96%	3.01%	3.86%	4.11%	4.47%	5.51%	5.49%	4.87%

Frequently Asked Questions

Can I hold both CFICX and PTIAX in my portfolio?

CFICX and PTIAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFICX or PTIAX?

CFICX has higher volatility (1.46%) compared to PTIAX (1.38%). In terms of maximum drawdown, CFICX dropped -21.28% vs PTIAX's -16.90%.

Which has better risk-adjusted returns?

CFICX currently has the higher Sharpe Ratio (1.55 vs 1.42), 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.