CSIBX vs. CGJIX

Last updated Jun 23, 2026

CSIBX (Calvert Bond Fund) and CGJIX (Calvert US Large-Cap Growth Responsible Index Fund) are both mutual funds - CSIBX is a Intermediate Core-Plus Bond fund managed by Calvert Research and Management, while CGJIX is a Large Cap Growth Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIBX returned 2.18%/yr vs 17.76%/yr for CGJIX. At a 0.05 correlation, their price movements are largely independent. CSIBX charges 0.73%/yr vs 0.24%/yr for CGJIX.

Performance

CSIBX vs. CGJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Bond Fund (CSIBX) and Calvert US Large-Cap Growth Responsible Index Fund (CGJIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSIBX achieves a 0.16% return, which is significantly lower than CGJIX's 10.07% return. Over the past 10 years, CSIBX has underperformed CGJIX with an annualized return of 2.18%, while CGJIX has yielded a comparatively higher 17.76% annualized return.

CSIBX

• 1D: 0.21%
• 1M: 0.97%
• YTD: 0.16%
• 6M: 0.59%
• 1Y: 4.87%
• 3Y*: 4.67%
• 5Y*: 0.58%
• 10Y*: 2.18%

CGJIX

• 1D: 1.42%
• 1M: 0.85%
• YTD: 10.07%
• 6M: 9.54%
• 1Y: 26.67%
• 3Y*: 21.02%
• 5Y*: 13.38%
• 10Y*: 17.76%

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

CSIBX vs. CGJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIBX Calvert Bond Fund	0.16%	7.93%	2.45%	6.55%	-12.85%	0.11%	7.39%	8.44%	-0.16%	4.19%
CGJIX Calvert US Large-Cap Growth Responsible Index Fund	10.07%	14.56%	27.74%	36.66%	-26.84%	26.13%	38.69%	35.29%	0.74%	27.39%

Correlation

The correlation between CSIBX and CGJIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.05

Over the past year, CSIBX and CGJIX have become more correlated (0.35) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

CSIBX vs. CGJIX — Risk / Return Rank

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

CSIBX

CSIBX Risk / Return Rank: 21
CSIBX Sharpe Ratio Rank: 23
CSIBX Sortino Ratio Rank: 23
CSIBX Omega Ratio Rank: 21
CSIBX Calmar Ratio Rank: 21
CSIBX Martin Ratio Rank: 19

CGJIX

CGJIX Risk / Return Rank: 45
CGJIX Sharpe Ratio Rank: 47
CGJIX Sortino Ratio Rank: 43
CGJIX Omega Ratio Rank: 42
CGJIX Calmar Ratio Rank: 42
CGJIX Martin Ratio Rank: 51

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.

CSIBX vs. CGJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Bond Fund (CSIBX) and Calvert US Large-Cap Growth Responsible Index Fund (CGJIX). 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.

	CSIBX	CGJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.86	-0.59
Sortino ratio: Return per unit of downside risk	1.89	2.53	-0.64
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	1.58	2.36	-0.78
Martin ratio: Return relative to average drawdown	4.51	9.78	-5.27

CSIBX vs. CGJIX - Sharpe Ratio Comparison

The current CSIBX Sharpe Ratio is 1.27, which is lower than the CGJIX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of CSIBX and CGJIX, 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

CSIBX vs. CGJIX - Drawdown Comparison

The maximum CSIBX drawdown since its inception was -17.57%, smaller than the maximum CGJIX drawdown of -31.18%. Use the drawdown chart below to compare losses from any high point for CSIBX and CGJIX.

Drawdown Indicators

	CSIBX	CGJIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.57%	-31.18%	+13.61%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-11.15%	+8.01%
Max Drawdown (3Y) Largest decline over 3 years	-5.95%	-21.90%	+15.95%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-31.18%	+13.61%
Max Drawdown (10Y) Largest decline over 10 years	-17.57%	-31.18%	+13.61%
Current Drawdown Current decline from peak	-1.59%	-2.03%	+0.44%
Average Drawdown Average peak-to-trough decline	-2.05%	-5.45%	+3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	2.68%	-1.58%

Volatility

CSIBX vs. CGJIX - Volatility Comparison

The current volatility for Calvert Bond Fund (CSIBX) is 1.26%, while Calvert US Large-Cap Growth Responsible Index Fund (CGJIX) has a volatility of 5.46%. This indicates that CSIBX experiences smaller price fluctuations and is considered to be less risky than CGJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSIBX	CGJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	5.46%	-4.20%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	11.40%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	14.16%	-10.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.51%	19.89%	-14.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.56%	20.08%	-15.52%

CSIBX vs. CGJIX - Expense Ratio Comparison

CSIBX has a 0.73% expense ratio, which is higher than CGJIX's 0.24% expense ratio.

Dividends

CSIBX vs. CGJIX - Dividend Comparison

CSIBX's dividend yield for the trailing twelve months is around 4.31%, more than CGJIX's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGJIX Calvert US Large-Cap Growth Responsible Index Fund	2.77%	3.05%	2.04%	0.53%	0.51%	1.85%	1.76%	1.64%	5.72%	2.19%	1.13%	0.00%
CSIBX Calvert Bond Fund	4.31%	4.35%	4.18%	3.28%	2.34%	3.12%	3.39%	3.43%	2.49%	2.22%	2.58%	2.45%

Frequently Asked Questions

Can I hold both CSIBX and CGJIX in my portfolio?

CSIBX and CGJIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSIBX or CGJIX?

CGJIX has higher volatility (5.46%) compared to CSIBX (1.26%). In terms of maximum drawdown, CSIBX dropped -17.57% vs CGJIX's -31.18%.

Which has better risk-adjusted returns?

CGJIX currently has the higher Sharpe Ratio (1.86 vs 1.27), 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.