CFWAX vs. SPY
Compare and contrast key facts about Calvert Global Water Fund (CFWAX) and SPDR S&P 500 ETF (SPY).
CFWAX is managed by Calvert Research and Management. It was launched on Sep 29, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CFWAX or SPY.
Correlation
The correlation between CFWAX and SPY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CFWAX vs. SPY - Performance Comparison
Key characteristics
CFWAX:
-0.19
SPY:
1.88
CFWAX:
-0.14
SPY:
2.51
CFWAX:
0.98
SPY:
1.35
CFWAX:
-0.15
SPY:
2.83
CFWAX:
-0.56
SPY:
11.89
CFWAX:
5.04%
SPY:
2.00%
CFWAX:
14.95%
SPY:
12.69%
CFWAX:
-39.67%
SPY:
-55.19%
CFWAX:
-17.18%
SPY:
-3.89%
Returns By Period
In the year-to-date period, CFWAX achieves a -1.80% return, which is significantly lower than SPY's -0.66% return. Over the past 10 years, CFWAX has underperformed SPY with an annualized return of 5.50%, while SPY has yielded a comparatively higher 13.18% annualized return.
CFWAX
-1.80%
-12.67%
-11.40%
-3.30%
4.23%
5.50%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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CFWAX vs. SPY - Expense Ratio Comparison
CFWAX has a 1.24% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CFWAX vs. SPY — Risk-Adjusted Performance Rank
CFWAX
SPY
CFWAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Global Water Fund (CFWAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CFWAX vs. SPY - Dividend Comparison
CFWAX's dividend yield for the trailing twelve months is around 1.76%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFWAX Calvert Global Water Fund | 1.76% | 1.73% | 1.20% | 0.83% | 0.93% | 0.77% | 0.84% | 1.31% | 0.93% | 0.00% | 0.03% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CFWAX vs. SPY - Drawdown Comparison
The maximum CFWAX drawdown since its inception was -39.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CFWAX and SPY. For additional features, visit the drawdowns tool.
Volatility
CFWAX vs. SPY - Volatility Comparison
Calvert Global Water Fund (CFWAX) has a higher volatility of 8.32% compared to SPDR S&P 500 ETF (SPY) at 4.61%. This indicates that CFWAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.