CLDAX vs. CSIEX
CLDAX (Calvert Core Bond Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CLDAX is a Intermediate Core Bond fund managed by Calvert Research and Management, while CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management. Over the past 10 years, CLDAX returned 2.93%/yr vs 11.66%/yr for CSIEX. At a correlation of -0.14, they often move in opposite directions. CLDAX charges 0.74%/yr vs 0.91%/yr for CSIEX.
Performance
CLDAX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CLDAX achieves a -0.24% return, which is significantly higher than CSIEX's -11.80% return. Over the past 10 years, CLDAX has underperformed CSIEX with an annualized return of 2.93%, while CSIEX has yielded a comparatively higher 11.66% annualized return.
CLDAX
- 1D
- 0.13%
- 1M
- 0.74%
- YTD
- -0.24%
- 6M
- -0.01%
- 1Y
- 3.68%
- 3Y*
- 3.66%
- 5Y*
- -0.30%
- 10Y*
- 2.93%
CSIEX
- 1D
- 0.43%
- 1M
- -2.84%
- YTD
- -11.80%
- 6M
- -12.48%
- 1Y
- -9.09%
- 3Y*
- 4.24%
- 5Y*
- 2.88%
- 10Y*
- 11.66%
CLDAX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLDAX Calvert Core Bond Fund | -0.24% | 7.27% | 1.39% | 5.04% | -13.48% | -2.30% | 14.56% | 20.77% | -5.73% | 9.47% |
CSIEX Calvert Equity Fund | -11.80% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CLDAX and CSIEX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2005 | -0.14 |
The correlation between CLDAX and CSIEX shifts across timeframes, from -0.14 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLDAX vs. CSIEX — Risk / Return Rank
CLDAX
CSIEX
CLDAX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Core Bond Fund (CLDAX) and Calvert Equity Fund (CSIEX). 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.
| CLDAX | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.90 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.58 | +1.80 |
| Martin ratioReturn relative to average drawdown | 3.53 | -1.26 | +4.79 |
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Drawdowns
CLDAX vs. CSIEX - Drawdown Comparison
The maximum CLDAX drawdown since its inception was -18.88%, smaller than the maximum CSIEX drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CLDAX and CSIEX.
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Drawdown Indicators
| CLDAX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -50.81% | +31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -14.28% | +11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -14.87% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -25.71% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -18.88% | -30.50% | +11.62% |
Current DrawdownCurrent decline from peak | -3.65% | -13.92% | +10.27% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -6.24% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 6.56% | -5.44% |
Volatility
CLDAX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Core Bond Fund (CLDAX) is 1.24%, while Calvert Equity Fund (CSIEX) has a volatility of 4.57%. This indicates that CLDAX experiences smaller price fluctuations and is considered to be less risky than CSIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLDAX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 4.57% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 10.04% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 12.67% | -8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 16.30% | -10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 17.16% | -10.35% |
CLDAX vs. CSIEX - Expense Ratio Comparison
CLDAX has a 0.74% expense ratio, which is lower than CSIEX's 0.91% expense ratio.
Dividends
CLDAX vs. CSIEX - Dividend Comparison
CLDAX's dividend yield for the trailing twelve months is around 4.24%, less than CSIEX's 26.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLDAX Calvert Core Bond Fund | 4.24% | 4.24% | 4.16% | 3.17% | 1.80% | 6.08% | 5.22% | 3.04% | 3.63% | 3.02% | 7.02% | 2.85% |
CSIEX Calvert Equity Fund | 26.04% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
Frequently Asked Questions
CLDAX and CSIEX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (4.57%) compared to CLDAX (1.24%). In terms of maximum drawdown, CLDAX dropped -18.88% vs CSIEX's -50.81%.
CLDAX currently has the higher Sharpe Ratio (1.01 vs -0.66), 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.
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