CSIEX vs. CAEIX
CSIEX (Calvert Equity Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while CAEIX is a Global Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIEX returned 11.69%/yr vs 11.19%/yr for CAEIX. A 0.71 correlation means they provide meaningful diversification when combined. CSIEX charges 0.91%/yr vs 0.99%/yr for CAEIX.
Performance
CSIEX vs. CAEIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIEX achieves a -6.75% return, which is significantly lower than CAEIX's 13.66% return. Both investments have delivered pretty close results over the past 10 years, with CSIEX having a 11.69% annualized return and CAEIX not far behind at 11.19%.
CSIEX
- 1D
- 0.53%
- 1M
- 2.24%
- 6M
- -8.71%
- YTD
- -6.75%
- 1Y
- -4.09%
- 3Y*
- 4.90%
- 5Y*
- 3.25%
- 10Y*
- 11.69%
CAEIX
- 1D
- 0.19%
- 1M
- -3.52%
- 6M
- 9.44%
- YTD
- 13.66%
- 1Y
- 29.19%
- 3Y*
- 9.50%
- 5Y*
- 4.97%
- 10Y*
- 11.19%
CSIEX vs. CAEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -6.75% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
CAEIX Calvert Global Energy Solutions Fund | 13.66% | 32.61% | -7.13% | 5.67% | -17.43% | 6.73% | 61.52% | 33.48% | -19.26% | 29.65% |
Correlation
The correlation between CSIEX and CAEIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.71 |
Over the past year, the correlation between CSIEX and CAEIX has dropped to 0.28 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. CAEIX — Risk / Return Rank
CSIEX
CAEIX
CSIEX vs. CAEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Calvert Global Energy Solutions Fund (CAEIX). 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.
| CSIEX | CAEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.29 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 3.36 | -3.62 |
| Martin ratioReturn relative to average drawdown | -0.53 | 9.22 | -9.75 |
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Drawdowns
CSIEX vs. CAEIX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for CSIEX and CAEIX.
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Drawdown Indicators
| CSIEX | CAEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -75.81% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -8.66% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -24.57% | +9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -32.58% | +6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -37.54% | +7.04% |
Current DrawdownCurrent decline from peak | -9.00% | -7.67% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -48.37% | +42.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 3.15% | +3.90% |
Volatility
CSIEX vs. CAEIX - Volatility Comparison
The current volatility for Calvert Equity Fund (CSIEX) is 5.14%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.59%. This indicates that CSIEX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | CAEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 5.59% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 14.52% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 17.60% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 19.41% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 19.53% | -2.36% |
CSIEX vs. CAEIX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is lower than CAEIX's 0.99% expense ratio.
Dividends
CSIEX vs. CAEIX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 24.63%, more than CAEIX's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEIX Calvert Global Energy Solutions Fund | 0.63% | 0.72% | 1.17% | 1.07% | 0.86% | 0.49% | 0.82% | 1.23% | 2.00% | 1.40% | 1.79% | 0.72% |
CSIEX Calvert Equity Fund | 24.63% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
Frequently Asked Questions
CSIEX and CAEIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAEIX has higher volatility (5.59%) compared to CSIEX (5.14%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CAEIX's -75.81%.
CAEIX currently has the higher Sharpe Ratio (1.65 vs -0.28), 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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