CRFIX vs. CAAAX

Last updated Jun 24, 2026

CRFIX (Calvert Focused Value Fund) and CAAAX (Calvert Growth Allocation Fund) are both mutual funds - CRFIX is a Large Cap Value Equities fund managed by Calvert Research and Management, while CAAAX is a Diversified Portfolio fund managed by Calvert Research and Management. Their correlation of 0.86 suggests significant overlap in exposure. CRFIX charges 0.74%/yr vs 0.43%/yr for CAAAX.

Performance

CRFIX vs. CAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Focused Value Fund (CRFIX) and Calvert Growth Allocation Fund (CAAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRFIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAAAX

• 1D: -0.18%
• 1M: 2.73%
• YTD: 11.34%
• 6M: 10.75%
• 1Y: 22.98%
• 3Y*: 15.61%
• 5Y*: 7.56%
• 10Y*: 11.27%

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

CRFIX vs. CAAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRFIX Calvert Focused Value Fund	11.46%	13.26%	12.24%	8.84%	-1.34%
CAAAX Calvert Growth Allocation Fund	11.34%	14.93%	12.56%	15.14%	-6.97%

Correlation

The correlation between CRFIX and CAAAX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.86

The correlation between CRFIX and CAAAX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.

Return for Risk

CRFIX vs. CAAAX — Risk / Return Rank

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

CRFIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CAAAX

CAAAX Risk / Return Rank: 52
CAAAX Sharpe Ratio Rank: 52
CAAAX Sortino Ratio Rank: 52
CAAAX Omega Ratio Rank: 50
CAAAX Calmar Ratio Rank: 49
CAAAX Martin Ratio Rank: 59

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.

CRFIX vs. CAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Focused Value Fund (CRFIX) and Calvert Growth Allocation Fund (CAAAX). 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.

	CRFIX	CAAAX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.77	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.57	—
Martin ratio: Return relative to average drawdown	—	11.13	—

Drawdowns

Drawdown Indicators

	CRFIX	CAAAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-53.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.59%	—
Current Drawdown Current decline from peak	—	-0.21%	—
Average Drawdown Average peak-to-trough decline	—	-8.24%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	CRFIX	CAAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.28%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.55%	—

CRFIX vs. CAAAX - Expense Ratio Comparison

CRFIX has a 0.74% expense ratio, which is higher than CAAAX's 0.43% expense ratio.

Dividends

CRFIX vs. CAAAX - Dividend Comparison

CRFIX's dividend yield for the trailing twelve months is around 5.18%, more than CAAAX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAAAX Calvert Growth Allocation Fund	3.59%	4.00%	2.50%	4.47%	2.81%	3.68%	3.34%	3.53%	6.44%	5.57%	5.13%	15.27%
CRFIX Calvert Focused Value Fund	5.18%	5.77%	4.37%	1.02%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRFIX and CAAAX in my portfolio?

CRFIX and CAAAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.