CSIEX vs. CEFIX
CSIEX (Calvert Equity Fund) and CEFIX (Calvert Emerging Markets Advancement Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while CEFIX is a Emerging Markets Diversified fund managed by Calvert Research and Management. Over the past 5 years, CSIEX returned 2.90%/yr vs 12.79%/yr for CEFIX. A 0.54 correlation means they provide meaningful diversification when combined. CSIEX charges 0.91%/yr vs 0.97%/yr for CEFIX.
Performance
CSIEX vs. CEFIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIEX achieves a -12.17% return, which is significantly lower than CEFIX's 30.49% return.
CSIEX
- 1D
- -1.28%
- 1M
- -3.26%
- YTD
- -12.17%
- 6M
- -12.57%
- 1Y
- -8.64%
- 3Y*
- 4.09%
- 5Y*
- 2.90%
- 10Y*
- 11.61%
CEFIX
- 1D
- 0.10%
- 1M
- 10.32%
- YTD
- 30.49%
- 6M
- 31.60%
- 1Y
- 58.97%
- 3Y*
- 28.42%
- 5Y*
- 12.79%
- 10Y*
- —
CSIEX vs. CEFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -12.17% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 5.30% |
CEFIX Calvert Emerging Markets Advancement Fund | 30.49% | 38.50% | 11.21% | 11.61% | -15.07% | 0.27% | 15.35% | 10.46% |
Correlation
The correlation between CSIEX and CEFIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019 | 0.54 |
Over the past year, the correlation between CSIEX and CEFIX has dropped to 0.32 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. CEFIX — Risk / Return Rank
CSIEX
CEFIX
CSIEX vs. CEFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Calvert Emerging Markets Advancement Fund (CEFIX). 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 | CEFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.60 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.59 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 4.33 | -4.87 |
| Martin ratioReturn relative to average drawdown | -1.18 | 16.81 | -17.99 |
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Drawdowns
CSIEX vs. CEFIX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, which is greater than CEFIX's maximum drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for CSIEX and CEFIX.
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Drawdown Indicators
| CSIEX | CEFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -30.73% | -20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -13.87% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -13.87% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -24.41% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | — | — |
Current DrawdownCurrent decline from peak | -14.28% | 0.00% | -14.28% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -9.54% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 3.57% | +2.93% |
Volatility
CSIEX vs. CEFIX - Volatility Comparison
The current volatility for Calvert Equity Fund (CSIEX) is 4.54%, while Calvert Emerging Markets Advancement Fund (CEFIX) has a volatility of 10.83%. This indicates that CSIEX experiences smaller price fluctuations and is considered to be less risky than CEFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | CEFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 10.83% | -6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 18.54% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 20.15% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 15.95% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 17.78% | -0.59% |
CSIEX vs. CEFIX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is lower than CEFIX's 0.97% expense ratio.
Dividends
CSIEX vs. CEFIX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 26.15%, more than CEFIX's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFIX Calvert Emerging Markets Advancement Fund | 2.40% | 3.13% | 1.76% | 3.20% | 5.51% | 4.57% | 0.13% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
CSIEX Calvert Equity Fund | 26.15% | 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 CEFIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEFIX has higher volatility (10.83%) compared to CSIEX (4.54%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CEFIX's -30.73%.
CEFIX currently has the higher Sharpe Ratio (2.99 vs -0.61), 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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