CFICX vs. SMARX
Compare and contrast key facts about Calvert Income Fund (CFICX) and Brandes Separately Managed Account Reserve Trust (SMARX).
CFICX is managed by Calvert Research and Management. It was launched on Oct 12, 1982. SMARX is managed by BlackRock. It was launched on Oct 3, 2005.
Performance
CFICX vs. SMARX - Performance Comparison
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CFICX vs. SMARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | -0.99% | 8.94% | 4.11% | 7.61% | -16.07% | 1.71% | 8.26% | 14.75% | -3.36% | 6.57% |
SMARX Brandes Separately Managed Account Reserve Trust | -0.30% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
Returns By Period
In the year-to-date period, CFICX achieves a -0.99% return, which is significantly lower than SMARX's -0.30% return. Over the past 10 years, CFICX has underperformed SMARX with an annualized return of 3.07%, while SMARX has yielded a comparatively higher 3.34% annualized return.
CFICX
- 1D
- 0.46%
- 1M
- -2.63%
- YTD
- -0.99%
- 6M
- 0.12%
- 1Y
- 5.26%
- 3Y*
- 5.26%
- 5Y*
- 1.08%
- 10Y*
- 3.07%
SMARX
- 1D
- 0.64%
- 1M
- -1.99%
- YTD
- -0.30%
- 6M
- 0.49%
- 1Y
- 3.99%
- 3Y*
- 5.18%
- 5Y*
- 1.98%
- 10Y*
- 3.34%
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CFICX vs. SMARX - Expense Ratio Comparison
CFICX has a 0.92% expense ratio, which is higher than SMARX's 0.00% expense ratio.
Return for Risk
CFICX vs. SMARX — Risk / Return Rank
CFICX
SMARX
CFICX vs. SMARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) and Brandes Separately Managed Account Reserve Trust (SMARX). 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 | SMARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.14 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.63 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.89 | +0.10 |
Martin ratioReturn relative to average drawdown | 7.67 | 6.07 | +1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CFICX | SMARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.14 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.39 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.77 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.41 | +0.60 |
Correlation
The correlation between CFICX and SMARX is 0.68, 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
CFICX vs. SMARX - Dividend Comparison
CFICX's dividend yield for the trailing twelve months is around 4.51%, less than SMARX's 4.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | 4.51% | 4.86% | 4.91% | 4.05% | 3.22% | 2.70% | 2.96% | 3.25% | 3.60% | 2.96% | 3.23% | 2.87% |
SMARX Brandes Separately Managed Account Reserve Trust | 4.71% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
Drawdowns
CFICX vs. SMARX - Drawdown Comparison
The maximum CFICX drawdown since its inception was -21.28%, smaller than the maximum SMARX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for CFICX and SMARX.
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Drawdown Indicators
| CFICX | SMARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.28% | -47.07% | +25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.63% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -16.20% | -5.08% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -16.20% | -5.08% |
Current DrawdownCurrent decline from peak | -2.63% | -1.99% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -7.02% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.82% | -0.02% |
Volatility
CFICX vs. SMARX - Volatility Comparison
The current volatility for Calvert Income Fund (CFICX) is 1.51%, while Brandes Separately Managed Account Reserve Trust (SMARX) has a volatility of 1.66%. This indicates that CFICX experiences smaller price fluctuations and is considered to be less risky than SMARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFICX | SMARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.66% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.56% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 4.03% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 5.12% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 4.37% | +0.83% |