CGBIX vs. VGSBX
CGBIX (Calvert Green Bond Fund) and VGSBX (VY BrandywineGLOBAL - Bond Portfolio) are both Intermediate Core-Plus Bond funds. Over the past 10 years, CGBIX returned 1.82%/yr vs 2.79%/yr for VGSBX. Their correlation of 0.81 suggests significant overlap in exposure. CGBIX charges 0.48%/yr vs 0.55%/yr for VGSBX.
Performance
CGBIX vs. VGSBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGBIX achieves a 0.12% return, which is significantly lower than VGSBX's 0.96% return. Over the past 10 years, CGBIX has underperformed VGSBX with an annualized return of 1.82%, while VGSBX has yielded a comparatively higher 2.79% annualized return.
CGBIX
- 1D
- -0.28%
- 1M
- 0.59%
- YTD
- 0.12%
- 6M
- 0.67%
- 1Y
- 4.33%
- 3Y*
- 4.68%
- 5Y*
- 0.29%
- 10Y*
- 1.82%
VGSBX
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.96%
- 6M
- 1.06%
- 1Y
- 4.53%
- 3Y*
- 3.32%
- 5Y*
- 0.09%
- 10Y*
- 2.79%
CGBIX vs. VGSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGBIX Calvert Green Bond Fund | 0.12% | 7.90% | 2.00% | 6.14% | -13.08% | -1.66% | 7.02% | 8.14% | 0.68% | 3.17% |
VGSBX VY BrandywineGLOBAL - Bond Portfolio | 0.96% | 6.12% | 0.68% | 5.65% | -11.86% | 1.15% | 17.48% | 10.01% | -1.55% | 2.93% |
Correlation
The correlation between CGBIX and VGSBX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.81 |
The correlation between CGBIX and VGSBX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGBIX vs. VGSBX — Risk / Return Rank
CGBIX
VGSBX
CGBIX vs. VGSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Green Bond Fund (CGBIX) and VY BrandywineGLOBAL - Bond Portfolio (VGSBX). 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.
| CGBIX | VGSBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.07 | -1.41 |
| Martin ratioReturn relative to average drawdown | 4.74 | 9.75 | -5.01 |
Loading charts...
Drawdowns
CGBIX vs. VGSBX - Drawdown Comparison
The maximum CGBIX drawdown since its inception was -17.46%, roughly equal to the maximum VGSBX drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for CGBIX and VGSBX.
Loading charts...
Drawdown Indicators
| CGBIX | VGSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -18.20% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -1.79% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -10.28% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -18.20% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -17.46% | -18.20% | +0.74% |
Current DrawdownCurrent decline from peak | -1.51% | -0.21% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.43% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.55% | +0.41% |
Volatility
CGBIX vs. VGSBX - Volatility Comparison
Calvert Green Bond Fund (CGBIX) has a higher volatility of 1.06% compared to VY BrandywineGLOBAL - Bond Portfolio (VGSBX) at 0.65%. This indicates that CGBIX's price experiences larger fluctuations and is considered to be riskier than VGSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGBIX | VGSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.65% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.72% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.62% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 7.94% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 6.25% | -2.17% |
CGBIX vs. VGSBX - Expense Ratio Comparison
CGBIX has a 0.48% expense ratio, which is lower than VGSBX's 0.55% expense ratio.
Dividends
CGBIX vs. VGSBX - Dividend Comparison
CGBIX's dividend yield for the trailing twelve months is around 3.77%, less than VGSBX's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBIX Calvert Green Bond Fund | 3.77% | 4.09% | 3.49% | 2.37% | 1.86% | 1.99% | 1.85% | 2.45% | 2.26% | 2.54% | 3.22% | 2.01% |
VGSBX VY BrandywineGLOBAL - Bond Portfolio | 3.89% | 3.93% | 4.56% | 2.18% | 6.85% | 8.48% | 2.48% | 1.89% | 2.29% | 2.31% | 2.34% | 0.00% |
Frequently Asked Questions
CGBIX and VGSBX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGBIX has higher volatility (1.06%) compared to VGSBX (0.65%). In terms of maximum drawdown, CGBIX dropped -17.46% vs VGSBX's -18.20%.
CGBIX currently has the higher Sharpe Ratio (1.33 vs 1.19), 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.
Find the right allocation for CGBIX and VGSBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer