CMCIX vs. SBASX
CMCIX (Calvert Small/Mid-Cap Fund Class I) and SBASX (Segall Bryant & Hamill Small Cap Core Fund) are both Small Cap Growth Equities funds. Over the past year, CMCIX returned 3.42% vs 31.12% for SBASX. Their correlation of 0.92 suggests significant overlap in exposure. CMCIX charges 1.26%/yr vs 0.99%/yr for SBASX.
Performance
CMCIX vs. SBASX - Performance Comparison
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Returns By Period
In the year-to-date period, CMCIX achieves a 5.94% return, which is significantly lower than SBASX's 20.74% return.
CMCIX
- 1D
- -0.23%
- 1M
- 3.73%
- YTD
- 5.94%
- 6M
- 3.85%
- 1Y
- 3.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBASX
- 1D
- 0.27%
- 1M
- 7.90%
- YTD
- 20.74%
- 6M
- 18.27%
- 1Y
- 31.12%
- 3Y*
- 16.58%
- 5Y*
- 8.51%
- 10Y*
- —
CMCIX vs. SBASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CMCIX Calvert Small/Mid-Cap Fund Class I | 5.94% | -5.28% | 10.46% | 7.81% |
SBASX Segall Bryant & Hamill Small Cap Core Fund | 20.74% | 3.95% | 11.89% | 9.21% |
Correlation
The correlation between CMCIX and SBASX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.92 |
The correlation between CMCIX and SBASX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
CMCIX vs. SBASX — Risk / Return Rank
CMCIX
SBASX
CMCIX vs. SBASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Small/Mid-Cap Fund Class I (CMCIX) and Segall Bryant & Hamill Small Cap Core Fund (SBASX). 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.
| CMCIX | SBASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.89 | -2.47 |
| Martin ratioReturn relative to average drawdown | 0.96 | 10.49 | -9.53 |
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Drawdowns
CMCIX vs. SBASX - Drawdown Comparison
The maximum CMCIX drawdown since its inception was -21.50%, smaller than the maximum SBASX drawdown of -34.34%. Use the drawdown chart below to compare losses from any high point for CMCIX and SBASX.
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Drawdown Indicators
| CMCIX | SBASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.50% | -34.34% | +12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -11.44% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -7.09% | 0.00% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -8.21% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 3.14% | +1.90% |
Volatility
CMCIX vs. SBASX - Volatility Comparison
The current volatility for Calvert Small/Mid-Cap Fund Class I (CMCIX) is 4.24%, while Segall Bryant & Hamill Small Cap Core Fund (SBASX) has a volatility of 5.50%. This indicates that CMCIX experiences smaller price fluctuations and is considered to be less risky than SBASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMCIX | SBASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.50% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 13.73% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 18.26% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 19.87% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 22.21% | -5.68% |
CMCIX vs. SBASX - Expense Ratio Comparison
CMCIX has a 1.26% expense ratio, which is higher than SBASX's 0.99% expense ratio.
Dividends
CMCIX vs. SBASX - Dividend Comparison
CMCIX's dividend yield for the trailing twelve months is around 4.01%, less than SBASX's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMCIX Calvert Small/Mid-Cap Fund Class I | 4.01% | 4.25% | 7.13% | 0.60% | 0.00% | 0.00% |
SBASX Segall Bryant & Hamill Small Cap Core Fund | 4.62% | 5.58% | 5.48% | 3.65% | 2.10% | 18.57% |
Frequently Asked Questions
With a correlation of 0.91, CMCIX and SBASX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SBASX has higher volatility (5.50%) compared to CMCIX (4.24%). In terms of maximum drawdown, CMCIX dropped -21.50% vs SBASX's -34.34%.
SBASX currently has the higher Sharpe Ratio (1.81 vs 0.32), 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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