CMJIX vs. WHGMX

Last updated Jun 4, 2026

CMJIX (Calvert US Mid-Cap Core Responsible Index Fund) and WHGMX (Westwood Quality SMidCap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, CMJIX returned 11.92%/yr vs 9.95%/yr for WHGMX. Their correlation of 0.91 suggests significant overlap in exposure. CMJIX charges 0.24%/yr vs 0.88%/yr for WHGMX.

Performance

CMJIX vs. WHGMX - 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 Westwood Quality SMidCap Fund (WHGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMJIX achieves a 15.46% return, which is significantly higher than WHGMX's 14.01% return. Over the past 10 years, CMJIX has outperformed WHGMX with an annualized return of 11.92%, while WHGMX has yielded a comparatively lower 9.95% annualized return.

CMJIX

• 1D: 1.33%
• 1M: 6.21%
• YTD: 15.46%
• 6M: 15.62%
• 1Y: 25.72%
• 3Y*: 16.41%
• 5Y*: 7.39%
• 10Y*: 11.92%

WHGMX

• 1D: 1.53%
• 1M: 2.93%
• YTD: 14.01%
• 6M: 14.88%
• 1Y: 26.38%
• 3Y*: 16.40%
• 5Y*: 8.04%
• 10Y*: 9.95%

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

CMJIX vs. WHGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMJIX Calvert US Mid-Cap Core Responsible Index Fund	15.46%	9.41%	12.53%	15.25%	-19.10%	21.27%	24.04%	31.03%	-9.21%	19.13%
WHGMX Westwood Quality SMidCap Fund	14.01%	8.40%	10.41%	17.78%	-10.35%	21.39%	5.41%	29.42%	-11.70%	10.39%

Correlation

The correlation between CMJIX and WHGMX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.91

The correlation between CMJIX and WHGMX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

CMJIX vs. WHGMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMJIX

CMJIX Risk / Return Rank: 48
CMJIX Sharpe Ratio Rank: 43
CMJIX Sortino Ratio Rank: 44
CMJIX Omega Ratio Rank: 40
CMJIX Calmar Ratio Rank: 57
CMJIX Martin Ratio Rank: 58

WHGMX

WHGMX Risk / Return Rank: 44
WHGMX Sharpe Ratio Rank: 39
WHGMX Sortino Ratio Rank: 41
WHGMX Omega Ratio Rank: 35
WHGMX Calmar Ratio Rank: 58
WHGMX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMJIX vs. WHGMX - 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 Westwood Quality SMidCap Fund (WHGMX). 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.

	CMJIX	WHGMX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.82	+0.10
Sortino ratio: Return per unit of downside risk	2.80	2.69	+0.11
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.88	2.91	-0.03
Martin ratio: Return relative to average drawdown	11.62	9.80	+1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMJIX vs. WHGMX - Sharpe Ratio Comparison

The current CMJIX Sharpe Ratio is 1.92, which is comparable to the WHGMX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of CMJIX and WHGMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMJIX	WHGMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.82	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.43	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.49	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.45	+0.17

Drawdowns

CMJIX vs. WHGMX - Drawdown Comparison

The maximum CMJIX drawdown since its inception was -38.09%, smaller than the maximum WHGMX drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for CMJIX and WHGMX.

Drawdown Indicators

	CMJIX	WHGMX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	-47.99%	+9.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-9.68%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-23.78%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-28.13%	-23.78%	-4.35%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-42.26%	+4.17%
Current Drawdown Current decline from peak	0.00%	-1.22%	+1.22%
Average Drawdown Average peak-to-trough decline	-6.24%	-7.20%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.88%	-0.56%

Volatility

CMJIX vs. WHGMX - Volatility Comparison

The current volatility for Calvert US Mid-Cap Core Responsible Index Fund (CMJIX) is 4.05%, while Westwood Quality SMidCap Fund (WHGMX) has a volatility of 5.05%. This indicates that CMJIX experiences smaller price fluctuations and is considered to be less risky than WHGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMJIX	WHGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	5.05%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	11.54%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	15.50%	-1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	18.84%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	20.30%	-0.73%

CMJIX vs. WHGMX - Expense Ratio Comparison

CMJIX has a 0.24% expense ratio, which is lower than WHGMX's 0.88% expense ratio.

Dividends

CMJIX vs. WHGMX - Dividend Comparison

CMJIX's dividend yield for the trailing twelve months is around 3.98%, less than WHGMX's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMJIX Calvert US Mid-Cap Core Responsible Index Fund	3.98%	4.59%	1.14%	1.06%	0.99%	2.78%	2.60%	1.85%	3.19%	2.85%	1.99%	0.00%
WHGMX Westwood Quality SMidCap Fund	4.56%	5.19%	1.21%	2.92%	1.52%	16.39%	2.83%	11.93%	19.09%	12.12%	1.40%	7.40%

Frequently Asked Questions

Can I hold both CMJIX and WHGMX in my portfolio?

CMJIX and WHGMX have a correlation of 0.90, 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 WHGMX?

WHGMX has higher volatility (5.05%) compared to CMJIX (4.05%). In terms of maximum drawdown, CMJIX dropped -38.09% vs WHGMX's -47.99%.

Which has better risk-adjusted returns?

CMJIX currently has the higher Sharpe Ratio (1.92 vs 1.82), 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.