CMJAX vs. FZFLX
Compare and contrast key facts about Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX).
CMJAX is a passively managed fund by Calvert Research and Management that tracks the performance of the Calvert US Mid-Cap Core Responsible Index. It was launched on Oct 30, 2015. FZFLX is managed by Fidelity. It was launched on Aug 12, 2015.
Performance
CMJAX vs. FZFLX - Performance Comparison
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CMJAX vs. FZFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | -2.79% | 9.14% | 12.24% | 15.00% | -19.32% | 20.96% | 23.72% | 30.67% | -9.50% | 18.70% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 7.81% | 10.76% | 15.52% | 17.75% | -15.62% | 20.40% | 19.78% | 31.96% | -9.25% | 18.41% |
Returns By Period
In the year-to-date period, CMJAX achieves a -2.79% return, which is significantly lower than FZFLX's 7.81% return. Over the past 10 years, CMJAX has underperformed FZFLX with an annualized return of 10.04%, while FZFLX has yielded a comparatively higher 12.08% annualized return.
CMJAX
- 1D
- -0.71%
- 1M
- -8.92%
- YTD
- -2.79%
- 6M
- -1.44%
- 1Y
- 10.92%
- 3Y*
- 9.47%
- 5Y*
- 4.42%
- 10Y*
- 10.04%
FZFLX
- 1D
- 5.00%
- 1M
- -6.21%
- YTD
- 7.81%
- 6M
- 9.60%
- 1Y
- 26.35%
- 3Y*
- 16.05%
- 5Y*
- 8.15%
- 10Y*
- 12.08%
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CMJAX vs. FZFLX - Expense Ratio Comparison
CMJAX has a 0.49% expense ratio, which is higher than FZFLX's 0.05% expense ratio.
Return for Risk
CMJAX vs. FZFLX — Risk / Return Rank
CMJAX
FZFLX
CMJAX vs. FZFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) and Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX). 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.
| CMJAX | FZFLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.13 | -0.52 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.66 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.73 | -1.00 |
Martin ratioReturn relative to average drawdown | 3.19 | 7.43 | -4.24 |
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
| CMJAX | FZFLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.13 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.40 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.01 |
Correlation
The correlation between CMJAX and FZFLX is 0.97, 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
CMJAX vs. FZFLX - Dividend Comparison
CMJAX's dividend yield for the trailing twelve months is around 4.53%, less than FZFLX's 53.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 4.53% | 4.40% | 0.89% | 0.84% | 0.80% | 2.64% | 2.43% | 1.57% | 2.97% | 2.81% | 1.86% | 0.00% |
FZFLX Fidelity SAI Small-Mid Cap 500 Index Fund | 53.58% | 57.77% | 10.20% | 2.35% | 79.79% | 50.77% | 7.19% | 6.49% | 7.69% | 1.68% | 0.93% | 0.67% |
Drawdowns
CMJAX vs. FZFLX - Drawdown Comparison
The maximum CMJAX drawdown since its inception was -38.09%, smaller than the maximum FZFLX drawdown of -42.03%. Use the drawdown chart below to compare losses from any high point for CMJAX and FZFLX.
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Drawdown Indicators
| CMJAX | FZFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.09% | -42.03% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -14.54% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.22% | -24.77% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -42.03% | +3.94% |
Current DrawdownCurrent decline from peak | -9.39% | -6.21% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -5.81% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.38% | -0.39% |
Volatility
CMJAX vs. FZFLX - Volatility Comparison
The current volatility for Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) is 4.97%, while Fidelity SAI Small-Mid Cap 500 Index Fund (FZFLX) has a volatility of 11.32%. This indicates that CMJAX experiences smaller price fluctuations and is considered to be less risky than FZFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMJAX | FZFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 11.32% | -6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 16.31% | -6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 24.32% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 20.78% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 20.91% | -1.40% |