CMJIX vs. IJH
CMJIX (Calvert US Mid-Cap Core Responsible Index Fund) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds. Over the past 10 years, CMJIX returned 12.47%/yr vs 11.63%/yr for IJH. With a 0.96 correlation, they move nearly in lockstep. CMJIX charges 0.24%/yr vs 0.05%/yr for IJH.
Performance
CMJIX vs. IJH - Performance Comparison
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Returns By Period
In the year-to-date period, CMJIX achieves a 17.18% return, which is significantly higher than IJH's 14.64% return. Over the past 10 years, CMJIX has outperformed IJH with an annualized return of 12.47%, while IJH has yielded a comparatively lower 11.63% annualized return.
CMJIX
- 1D
- 0.14%
- 1M
- 4.81%
- YTD
- 17.18%
- 6M
- 15.72%
- 1Y
- 26.99%
- 3Y*
- 16.51%
- 5Y*
- 7.66%
- 10Y*
- 12.47%
IJH
- 1D
- -1.01%
- 1M
- 2.70%
- YTD
- 14.64%
- 6M
- 12.56%
- 1Y
- 25.12%
- 3Y*
- 16.11%
- 5Y*
- 8.47%
- 10Y*
- 11.63%
CMJIX vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMJIX Calvert US Mid-Cap Core Responsible Index Fund | 17.18% | 9.41% | 12.53% | 15.25% | -19.10% | 21.27% | 24.04% | 31.03% | -9.21% | 19.13% |
IJH iShares Core S&P Mid-Cap ETF | 14.64% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Correlation
The correlation between CMJIX and IJH is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.96 |
The correlation between CMJIX and IJH has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
CMJIX vs. IJH — Risk / Return Rank
CMJIX
IJH
CMJIX vs. IJH - 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 iShares Core S&P Mid-Cap ETF (IJH). 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 | IJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.86 | +0.18 |
| Martin ratioReturn relative to average drawdown | 12.15 | 10.44 | +1.71 |
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Drawdowns
CMJIX vs. IJH - Drawdown Comparison
The maximum CMJIX drawdown since its inception was -38.09%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for CMJIX and IJH.
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Drawdown Indicators
| CMJIX | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.09% | -55.07% | +16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -8.83% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -24.10% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.13% | -24.10% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -42.18% | +4.09% |
Current DrawdownCurrent decline from peak | -0.49% | -1.13% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -7.55% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.41% | -0.07% |
Volatility
CMJIX vs. IJH - Volatility Comparison
Calvert US Mid-Cap Core Responsible Index Fund (CMJIX) has a higher volatility of 5.14% compared to iShares Core S&P Mid-Cap ETF (IJH) at 4.75%. This indicates that CMJIX's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMJIX | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.75% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 11.75% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 15.88% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 19.76% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 21.17% | -1.56% |
CMJIX vs. IJH - Expense Ratio Comparison
CMJIX has a 0.24% expense ratio, which is higher than IJH's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CMJIX vs. IJH - Dividend Comparison
CMJIX's dividend yield for the trailing twelve months is around 3.92%, more than IJH's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMJIX Calvert US Mid-Cap Core Responsible Index Fund | 3.92% | 4.59% | 1.14% | 1.06% | 0.99% | 2.78% | 2.60% | 1.85% | 3.19% | 2.85% | 1.99% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.18% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Frequently Asked Questions
With a correlation of 0.96, CMJIX and IJH 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.
CMJIX has higher volatility (5.14%) compared to IJH (4.75%). In terms of maximum drawdown, CMJIX dropped -38.09% vs IJH's -55.07%.
CMJIX currently has the higher Sharpe Ratio (1.95 vs 1.59), 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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