CMMVX vs. CMNVX
CMMVX (Catholic Responsible Investments Magnus 60/40 Beta Plus Fund) and CMNVX (Catholic Responsible Investments Magnus 45/55 Fund) are both Diversified Portfolio funds from Catholic Responsible Investments Funds. Over the past 3 years, CMMVX returned 13.22%/yr vs 10.87%/yr for CMNVX. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
CMMVX vs. CMNVX - Performance Comparison
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Returns By Period
In the year-to-date period, CMMVX achieves a 7.63% return, which is significantly higher than CMNVX's 5.93% return.
CMMVX
- 1D
- 0.89%
- 1M
- 1.39%
- YTD
- 7.63%
- 6M
- 7.41%
- 1Y
- 17.71%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
CMNVX
- 1D
- 0.70%
- 1M
- 1.33%
- YTD
- 5.93%
- 6M
- 5.82%
- 1Y
- 14.07%
- 3Y*
- 10.87%
- 5Y*
- —
- 10Y*
- —
CMMVX vs. CMNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMMVX Catholic Responsible Investments Magnus 60/40 Beta Plus Fund | 7.63% | 13.09% | 12.44% | 16.24% | -15.57% | 2.78% |
CMNVX Catholic Responsible Investments Magnus 45/55 Fund | 5.93% | 11.29% | 9.60% | 13.32% | -13.99% | 1.88% |
Correlation
The correlation between CMMVX and CMNVX is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.98 |
The correlation between CMMVX and CMNVX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
CMMVX vs. CMNVX — Risk / Return Rank
CMMVX
CMNVX
CMMVX vs. CMNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments Magnus 60/40 Beta Plus Fund (CMMVX) and Catholic Responsible Investments Magnus 45/55 Fund (CMNVX). 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.
| CMMVX | CMNVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.74 | +0.06 |
| Martin ratioReturn relative to average drawdown | 12.11 | 11.85 | +0.25 |
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Drawdowns
CMMVX vs. CMNVX - Drawdown Comparison
The maximum CMMVX drawdown since its inception was -20.58%, which is greater than CMNVX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for CMMVX and CMNVX.
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Drawdown Indicators
| CMMVX | CMNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -18.25% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -5.15% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -8.14% | -3.37% |
Current DrawdownCurrent decline from peak | -0.08% | -0.09% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -4.93% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.18% | +0.27% |
Volatility
CMMVX vs. CMNVX - Volatility Comparison
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund (CMMVX) has a higher volatility of 3.26% compared to Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) at 2.71%. This indicates that CMMVX's price experiences larger fluctuations and is considered to be riskier than CMNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMMVX | CMNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 2.71% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 5.53% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 6.70% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.72% | 8.29% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.72% | 8.29% | +2.43% |
CMMVX vs. CMNVX - Expense Ratio Comparison
Both CMMVX and CMNVX have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CMMVX vs. CMNVX - Dividend Comparison
CMMVX's dividend yield for the trailing twelve months is around 3.42%, less than CMNVX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMMVX Catholic Responsible Investments Magnus 60/40 Beta Plus Fund | 3.42% | 3.68% | 3.00% | 2.31% | 1.76% | 0.08% |
CMNVX Catholic Responsible Investments Magnus 45/55 Fund | 4.44% | 4.70% | 2.92% | 2.51% | 1.57% | 0.08% |
Frequently Asked Questions
With a correlation of 0.98, CMMVX and CMNVX 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.
CMMVX has higher volatility (3.26%) compared to CMNVX (2.71%). In terms of maximum drawdown, CMMVX dropped -20.58% vs CMNVX's -18.25%.
CMNVX currently has the higher Sharpe Ratio (2.10 vs 2.09), 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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