CGAEX vs. PBD
Compare and contrast key facts about Calvert Global Energy Solutions Fund Class A (CGAEX) and Invesco Global Clean Energy ETF (PBD).
CGAEX is managed by Calvert Research and Management. It was launched on May 31, 2007. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007.
Performance
CGAEX vs. PBD - Performance Comparison
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CGAEX vs. PBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGAEX Calvert Global Energy Solutions Fund Class A | 4.15% | 32.27% | -7.33% | 5.40% | -17.66% | 6.50% | 61.15% | 33.16% | -19.66% | 29.42% |
PBD Invesco Global Clean Energy ETF | 11.61% | 43.65% | -26.39% | -10.69% | -29.70% | -22.30% | 145.46% | 40.00% | -19.32% | 28.72% |
Returns By Period
In the year-to-date period, CGAEX achieves a 4.15% return, which is significantly lower than PBD's 11.61% return. Over the past 10 years, CGAEX has outperformed PBD with an annualized return of 9.63%, while PBD has yielded a comparatively lower 7.28% annualized return.
CGAEX
- 1D
- -0.42%
- 1M
- -7.37%
- YTD
- 4.15%
- 6M
- 8.23%
- 1Y
- 41.13%
- 3Y*
- 7.42%
- 5Y*
- 3.15%
- 10Y*
- 9.63%
PBD
- 1D
- 3.34%
- 1M
- -2.23%
- YTD
- 11.61%
- 6M
- 19.78%
- 1Y
- 74.57%
- 3Y*
- -0.76%
- 5Y*
- -9.29%
- 10Y*
- 7.28%
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CGAEX vs. PBD - Expense Ratio Comparison
CGAEX has a 1.24% expense ratio, which is higher than PBD's 0.75% expense ratio.
Return for Risk
CGAEX vs. PBD — Risk / Return Rank
CGAEX
PBD
CGAEX vs. PBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Global Energy Solutions Fund Class A (CGAEX) and Invesco Global Clean Energy ETF (PBD). 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.
| CGAEX | PBD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 2.96 | -0.78 |
Sortino ratioReturn per unit of downside risk | 2.87 | 3.67 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.49 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | 5.24 | -1.91 |
Martin ratioReturn relative to average drawdown | 14.21 | 19.56 | -5.35 |
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
| CGAEX | PBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.96 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.33 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.27 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.01 | +0.03 |
Correlation
The correlation between CGAEX and PBD is 0.87, 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.
Dividends
CGAEX vs. PBD - Dividend Comparison
CGAEX's dividend yield for the trailing twelve months is around 0.49%, less than PBD's 2.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGAEX Calvert Global Energy Solutions Fund Class A | 0.49% | 0.51% | 0.91% | 0.83% | 0.65% | 0.26% | 0.66% | 1.01% | 1.69% | 1.19% | 1.06% | 0.20% |
PBD Invesco Global Clean Energy ETF | 2.02% | 2.71% | 1.81% | 2.85% | 2.98% | 0.67% | 0.48% | 1.83% | 1.86% | 1.76% | 2.04% | 1.24% |
Drawdowns
CGAEX vs. PBD - Drawdown Comparison
The maximum CGAEX drawdown since its inception was -76.34%, roughly equal to the maximum PBD drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for CGAEX and PBD.
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Drawdown Indicators
| CGAEX | PBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -78.60% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -13.51% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.14% | -69.26% | +36.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -75.40% | +37.87% |
Current DrawdownCurrent decline from peak | -18.85% | -50.86% | +32.01% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -53.49% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 3.62% | -0.98% |
Volatility
CGAEX vs. PBD - Volatility Comparison
The current volatility for Calvert Global Energy Solutions Fund Class A (CGAEX) is 6.91%, while Invesco Global Clean Energy ETF (PBD) has a volatility of 9.50%. This indicates that CGAEX experiences smaller price fluctuations and is considered to be less risky than PBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGAEX | PBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 9.50% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 17.96% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 25.46% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 28.43% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 27.11% | -7.49% |