CMJIX vs. CYBIX

Last updated Aug 1, 2026

CMJIX (Calvert US Mid-Cap Core Responsible Index Fund) and CYBIX (Calvert High Yield Bond Fund) are both mutual funds - CMJIX is a Mid Cap Blend Equities fund managed by Calvert, while CYBIX is a High Yield Bonds fund managed by Calvert. Over the past 10 years, CMJIX returned 11.94%/yr vs 3.97%/yr for CYBIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. CMJIX charges 0.24%/yr vs 0.76%/yr for CYBIX.

Performance

CMJIX vs. CYBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Mid-Cap Core Responsible Index Fund (CMJIX) and Calvert High Yield Bond Fund (CYBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMJIX achieves a 19.11% return, which is significantly higher than CYBIX's 0.40% return. Over the past 10 years, CMJIX has outperformed CYBIX with an annualized return of 11.94%, while CYBIX has yielded a comparatively lower 3.97% annualized return.

CMJIX

• 1D: 0.00%
• 1M: -0.58%
• 6M: 15.38%
• YTD: 19.11%
• 1Y: 26.23%
• 3Y*: 14.52%
• 5Y*: 7.47%
• 10Y*: 11.94%
• ALL TIME*: 12.26%

CYBIX

• 1D: 0.17%
• 1M: -0.82%
• 6M: 0.15%
• YTD: 0.40%
• 1Y: 3.63%
• 3Y*: 6.31%
• 5Y*: 2.52%
• 10Y*: 3.97%
• ALL TIME*: 5.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CMJIX Calvert US Mid-Cap Core Responsible Index Fund	$0.00	$0.00	$0.00
CYBIX Calvert High Yield Bond Fund	$0.00	$0.00	$0.00

CMJIX vs. CYBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMJIX Calvert US Mid-Cap Core Responsible Index Fund	19.11%	9.41%	12.53%	15.25%	-19.10%	21.27%	24.04%	31.03%	-9.21%	19.13%
CYBIX Calvert High Yield Bond Fund	0.40%	7.73%	6.70%	10.02%	-11.50%	3.66%	5.46%	12.82%	-2.53%	6.09%

Correlation

The correlation between CMJIX and CYBIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.51
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.51

The correlation between CMJIX and CYBIX has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

Return for Risk

CMJIX vs. CYBIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CMJIX

CMJIX Risk / Return Rank: 73
CMJIX Sharpe Ratio Rank: 69
CMJIX Sortino Ratio Rank: 71
CMJIX Omega Ratio Rank: 64
CMJIX Calmar Ratio Rank: 77
CMJIX Martin Ratio Rank: 82

CYBIX

CYBIX Risk / Return Rank: 54
CYBIX Sharpe Ratio Rank: 47
CYBIX Sortino Ratio Rank: 63
CYBIX Omega Ratio Rank: 61
CYBIX Calmar Ratio Rank: 37
CYBIX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CMJIX vs. CYBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index Fund (CMJIX) and Calvert High Yield Bond Fund (CYBIX). 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.

	CMJIX	CYBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.31	+0.34
Sortino ratio: Return per unit of downside risk	2.42	2.19	+0.22
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	2.54	1.56	+0.99
Martin ratio: Return relative to average drawdown	10.30	7.76	+2.55

CMJIX vs. CYBIX - Sharpe Ratio Comparison

The current CMJIX Sharpe Ratio is 1.65, which is comparable to the CYBIX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of CMJIX and CYBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CMJIX vs. CYBIX - Drawdown Comparison

The maximum CMJIX drawdown since its inception was -38.09%, which is greater than CYBIX's maximum drawdown of -32.13%. Use the drawdown chart below to compare losses from any high point for CMJIX and CYBIX.

Drawdown Indicators

	CMJIX	CYBIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	-32.13%	-5.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	-2.60%	-6.77%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-3.29%	-18.17%
Max Drawdown (5Y) Largest decline over 5 years	-28.13%	-14.95%	-13.18%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-17.55%	-20.54%
Current Drawdown Current decline from peak	-1.20%	-0.94%	-0.26%
Average Drawdown Average peak-to-trough decline	-6.16%	-3.33%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	0.52%	+1.80%

Volatility

CMJIX vs. CYBIX - Volatility Comparison

Calvert US Mid-Cap Core Responsible Index Fund (CMJIX) has a higher volatility of 3.00% compared to Calvert High Yield Bond Fund (CYBIX) at 0.69%. This indicates that CMJIX's price experiences larger fluctuations and is considered to be riskier than CYBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMJIX	CYBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	0.69%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	2.58%	+8.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	3.11%	+11.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	4.57%	+14.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	4.60%	+14.90%

CMJIX vs. CYBIX - Expense Ratio Comparison

CMJIX has a 0.24% expense ratio, which is lower than CYBIX's 0.76% expense ratio.

Dividends

CMJIX vs. CYBIX - Dividend Comparison

CMJIX's dividend yield for the trailing twelve months is around 3.85%, less than CYBIX's 5.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMJIX Calvert US Mid-Cap Core Responsible Index Fund	3.85%	4.59%	1.14%	1.06%	0.99%	2.78%	2.60%	1.85%	3.19%	2.85%	1.99%	0.00%
CYBIX Calvert High Yield Bond Fund	5.39%	5.44%	5.25%	4.47%	4.12%	4.22%	4.49%	4.98%	5.20%	4.92%	5.51%	5.78%

Frequently Asked Questions

Can I hold both CMJIX and CYBIX in my portfolio?

CMJIX and CYBIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMJIX or CYBIX?

CMJIX has higher volatility (3.00%) compared to CYBIX (0.69%). In terms of maximum drawdown, CMJIX dropped -38.09% vs CYBIX's -32.13%.

Which has better risk-adjusted returns?

CMJIX currently has the higher Sharpe Ratio (1.65 vs 1.31), 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.