CLDAX vs. ETH-USD
CLDAX (Calvert Core Bond Fund) is Intermediate Core Bond fund managed by Calvert Research and Management, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, CLDAX returned 2.65%/yr vs 67.00%/yr for ETH-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
CLDAX vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CLDAX achieves a -0.27% return, which is significantly higher than ETH-USD's -37.17% return. Over the past 10 years, CLDAX has underperformed ETH-USD with an annualized return of 2.65%, while ETH-USD has yielded a comparatively higher 67.00% annualized return.
CLDAX
- 1D
- 0.26%
- 1M
- -0.48%
- 6M
- -0.40%
- YTD
- -0.27%
- 1Y
- 3.94%
- 3Y*
- 3.61%
- 5Y*
- -0.47%
- 10Y*
- 2.65%
ETH-USD
- 1D
- -2.76%
- 1M
- 4.06%
- 6M
- -43.82%
- YTD
- -37.17%
- 1Y
- -44.74%
- 3Y*
- -0.83%
- 5Y*
- -0.38%
- 10Y*
- 67.00%
CLDAX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLDAX Calvert Core Bond Fund | -0.27% | 7.27% | 1.39% | 5.04% | -13.48% | -2.30% | 14.56% | 20.77% | -5.73% | 9.47% |
ETH-USD Ethereum | -37.17% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between CLDAX and ETH-USD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.02 |
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Return for Risk
CLDAX vs. ETH-USD — Risk / Return Rank
CLDAX
ETH-USD
CLDAX vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Core Bond Fund (CLDAX) and Ethereum (ETH-USD). 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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.92 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.66 | +1.94 |
| Martin ratioReturn relative to average drawdown | 3.54 | -1.02 | +4.56 |
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Drawdowns
CLDAX vs. ETH-USD - Drawdown Comparison
The maximum CLDAX drawdown since its inception was -18.88%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for CLDAX and ETH-USD.
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Drawdown Indicators
| CLDAX | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -94.01% | +75.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -67.60% | +64.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -67.60% | +61.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -79.35% | +61.14% |
Max Drawdown (10Y)Largest decline over 10 years | -18.88% | -94.01% | +75.13% |
Current DrawdownCurrent decline from peak | -3.69% | -61.42% | +57.73% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -51.00% | +47.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 36.81% | -35.64% |
Volatility
CLDAX vs. ETH-USD - Volatility Comparison
The current volatility for Calvert Core Bond Fund (CLDAX) is 1.11%, while Ethereum (ETH-USD) has a volatility of 13.74%. This indicates that CLDAX experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLDAX | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 13.74% | -12.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 46.65% | -43.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 55.38% | -51.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 58.72% | -53.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 76.80% | -70.04% |
Frequently Asked Questions
CLDAX and ETH-USD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (13.74%) compared to CLDAX (1.11%). In terms of maximum drawdown, CLDAX dropped -18.88% vs ETH-USD's -94.01%.
CLDAX currently has the higher Sharpe Ratio (1.07 vs -0.68), 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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