CFJIX vs. VEIPX

Last updated Jun 24, 2026

CFJIX (Calvert US Large-Cap Value Responsible Index Fund) and VEIPX (Vanguard Equity Income Fund Investor Shares) are both Large Cap Value Equities funds. Over the past 10 years, CFJIX returned 12.62%/yr vs 11.92%/yr for VEIPX. Their correlation of 0.94 suggests significant overlap in exposure. CFJIX charges 0.24%/yr vs 0.28%/yr for VEIPX.

Performance

CFJIX vs. VEIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Value Responsible Index Fund (CFJIX) and Vanguard Equity Income Fund Investor Shares (VEIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFJIX achieves a 19.71% return, which is significantly higher than VEIPX's 8.13% return. Over the past 10 years, CFJIX has outperformed VEIPX with an annualized return of 12.62%, while VEIPX has yielded a comparatively lower 11.92% annualized return.

CFJIX

• 1D: 0.44%
• 1M: 6.13%
• YTD: 19.71%
• 6M: 18.84%
• 1Y: 33.89%
• 3Y*: 20.98%
• 5Y*: 10.89%
• 10Y*: 12.62%

VEIPX

• 1D: -0.17%
• 1M: -0.40%
• YTD: 8.13%
• 6M: 7.52%
• 1Y: 20.32%
• 3Y*: 16.81%
• 5Y*: 11.37%
• 10Y*: 11.92%

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

CFJIX vs. VEIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFJIX Calvert US Large-Cap Value Responsible Index Fund	19.71%	16.76%	14.63%	9.86%	-11.70%	24.40%	9.06%	29.36%	-10.08%	15.17%
VEIPX Vanguard Equity Income Fund Investor Shares	8.13%	17.14%	14.80%	7.66%	-0.16%	25.41%	2.97%	25.21%	-5.75%	17.60%

Correlation

The correlation between CFJIX and VEIPX 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.94

The correlation between CFJIX and VEIPX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

CFJIX vs. VEIPX — Risk / Return Rank

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

CFJIX

CFJIX Risk / Return Rank: 86
CFJIX Sharpe Ratio Rank: 89
CFJIX Sortino Ratio Rank: 87
CFJIX Omega Ratio Rank: 80
CFJIX Calmar Ratio Rank: 86
CFJIX Martin Ratio Rank: 87

VEIPX

VEIPX Risk / Return Rank: 59
VEIPX Sharpe Ratio Rank: 57
VEIPX Sortino Ratio Rank: 58
VEIPX Omega Ratio Rank: 54
VEIPX Calmar Ratio Rank: 66
VEIPX Martin Ratio Rank: 59

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.

CFJIX vs. VEIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Value Responsible Index Fund (CFJIX) and Vanguard Equity Income Fund Investor Shares (VEIPX). 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.

	CFJIX	VEIPX	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.05	+0.65
Sortino ratio: Return per unit of downside risk	3.87	2.92	+0.94
Omega ratio: Gain probability vs. loss probability	1.47	1.37	+0.10
Calmar ratio: Return relative to maximum drawdown	3.93	2.98	+0.96
Martin ratio: Return relative to average drawdown	15.28	11.06	+4.22

CFJIX vs. VEIPX - Sharpe Ratio Comparison

The current CFJIX Sharpe Ratio is 2.70, which is higher than the VEIPX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CFJIX and VEIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFJIX vs. VEIPX - Drawdown Comparison

The maximum CFJIX drawdown since its inception was -36.91%, smaller than the maximum VEIPX drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for CFJIX and VEIPX.

Drawdown Indicators

	CFJIX	VEIPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.91%	-54.12%	+17.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-7.15%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	-13.39%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.62%	-15.16%	-7.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.91%	-35.26%	-1.65%
Current Drawdown Current decline from peak	0.00%	-1.43%	+1.43%
Average Drawdown Average peak-to-trough decline	-5.08%	-5.50%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.92%	+0.39%

Volatility

CFJIX vs. VEIPX - Volatility Comparison

Calvert US Large-Cap Value Responsible Index Fund (CFJIX) has a higher volatility of 4.27% compared to Vanguard Equity Income Fund Investor Shares (VEIPX) at 2.82%. This indicates that CFJIX's price experiences larger fluctuations and is considered to be riskier than VEIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFJIX	VEIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	2.82%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	7.60%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	10.39%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	13.90%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	16.31%	+1.71%

CFJIX vs. VEIPX - Expense Ratio Comparison

CFJIX has a 0.24% expense ratio, which is lower than VEIPX's 0.28% expense ratio.

Dividends

CFJIX vs. VEIPX - Dividend Comparison

CFJIX's dividend yield for the trailing twelve months is around 7.65%, less than VEIPX's 10.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFJIX Calvert US Large-Cap Value Responsible Index Fund	7.65%	9.16%	6.31%	2.07%	2.02%	4.17%	1.88%	2.17%	4.87%	6.79%	2.28%	0.00%
VEIPX Vanguard Equity Income Fund Investor Shares	10.17%	10.94%	9.74%	7.87%	8.69%	7.62%	2.77%	4.36%	10.87%	2.98%	3.78%	6.39%

Frequently Asked Questions

Can I hold both CFJIX and VEIPX in my portfolio?

CFJIX and VEIPX 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, CFJIX or VEIPX?

CFJIX has higher volatility (4.27%) compared to VEIPX (2.82%). In terms of maximum drawdown, CFJIX dropped -36.91% vs VEIPX's -54.12%.

Which has better risk-adjusted returns?

CFJIX currently has the higher Sharpe Ratio (2.70 vs 2.05), 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.