CSIEX vs. CCLAX
CSIEX (Calvert Equity Fund) and CCLAX (Calvert Conservative Allocation Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while CCLAX is a Diversified Portfolio fund managed by Calvert Research and Management. Over the past 10 years, CSIEX returned 11.69%/yr vs 5.57%/yr for CCLAX. Their correlation of 0.81 suggests significant overlap in exposure. CSIEX charges 0.91%/yr vs 0.41%/yr for CCLAX.
Performance
CSIEX vs. CCLAX - 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 CCLAX's 4.24% return. Over the past 10 years, CSIEX has outperformed CCLAX with an annualized return of 11.69%, while CCLAX has yielded a comparatively lower 5.57% annualized return.
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%
CCLAX
- 1D
- 0.31%
- 1M
- -0.22%
- 6M
- 3.04%
- YTD
- 4.24%
- 1Y
- 9.76%
- 3Y*
- 8.17%
- 5Y*
- 3.50%
- 10Y*
- 5.57%
CSIEX vs. CCLAX - 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% |
CCLAX Calvert Conservative Allocation Fund | 4.24% | 10.23% | 6.39% | 10.07% | -14.32% | 7.73% | 12.18% | 15.62% | -2.96% | 8.28% |
Correlation
The correlation between CSIEX and CCLAX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2005 | 0.81 |
Over the past year, the correlation between CSIEX and CCLAX has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. CCLAX — Risk / Return Rank
CSIEX
CCLAX
CSIEX vs. CCLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Calvert Conservative Allocation Fund (CCLAX). 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 | CCLAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.00 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.53 | 8.79 | -9.32 |
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Drawdowns
CSIEX vs. CCLAX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, which is greater than CCLAX's maximum drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for CSIEX and CCLAX.
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Drawdown Indicators
| CSIEX | CCLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -23.98% | -26.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -5.02% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -7.90% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -18.86% | -6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -18.86% | -11.64% |
Current DrawdownCurrent decline from peak | -9.00% | -0.46% | -8.54% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -2.84% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 1.14% | +5.91% |
Volatility
CSIEX vs. CCLAX - Volatility Comparison
Calvert Equity Fund (CSIEX) has a higher volatility of 5.14% compared to Calvert Conservative Allocation Fund (CCLAX) at 1.91%. This indicates that CSIEX's price experiences larger fluctuations and is considered to be riskier than CCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | CCLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 1.91% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 5.27% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 6.12% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 7.21% | +9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 6.77% | +10.40% |
CSIEX vs. CCLAX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is higher than CCLAX's 0.41% expense ratio.
Dividends
CSIEX vs. CCLAX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 24.63%, more than CCLAX's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCLAX Calvert Conservative Allocation Fund | 3.15% | 3.31% | 3.37% | 3.24% | 2.22% | 5.37% | 4.16% | 4.14% | 4.83% | 2.22% | 3.52% | 5.82% |
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 CCLAX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.14%) compared to CCLAX (1.91%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CCLAX's -23.98%.
CCLAX 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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