CSIEX vs. CSIFX
CSIEX (Calvert Equity Fund) and CSIFX (Calvert Balanced Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while CSIFX is a Diversified Portfolio fund managed by Calvert Research and Management. Over the past 10 years, CSIEX returned 11.61%/yr vs 9.62%/yr for CSIFX. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.91% expense ratio.
Performance
CSIEX vs. CSIFX - 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 CSIFX's 3.16% return. Over the past 10 years, CSIEX has outperformed CSIFX with an annualized return of 11.61%, while CSIFX has yielded a comparatively lower 9.62% annualized 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%
CSIFX
- 1D
- -0.43%
- 1M
- 0.08%
- YTD
- 3.16%
- 6M
- 2.75%
- 1Y
- 12.60%
- 3Y*
- 13.89%
- 5Y*
- 7.42%
- 10Y*
- 9.62%
CSIEX vs. CSIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -12.17% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
CSIFX Calvert Balanced Fund | 3.16% | 11.32% | 18.96% | 16.35% | -15.33% | 14.30% | 15.43% | 23.71% | -2.75% | 10.72% |
Correlation
The correlation between CSIEX and CSIFX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1987 | 0.90 |
Over the past year, the correlation between CSIEX and CSIFX has dropped to 0.62 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. CSIFX — Risk / Return Rank
CSIEX
CSIFX
CSIEX vs. CSIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Calvert Balanced Fund (CSIFX). 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 | CSIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.27 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.67 | -2.21 |
| Martin ratioReturn relative to average drawdown | -1.18 | 7.16 | -8.34 |
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Drawdowns
CSIEX vs. CSIFX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, which is greater than CSIFX's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for CSIEX and CSIFX.
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Drawdown Indicators
| CSIEX | CSIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -38.68% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -7.98% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -11.86% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -19.95% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -23.77% | -6.73% |
Current DrawdownCurrent decline from peak | -14.28% | -0.92% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -5.30% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 1.86% | +4.64% |
Volatility
CSIEX vs. CSIFX - Volatility Comparison
Calvert Equity Fund (CSIEX) has a higher volatility of 4.54% compared to Calvert Balanced Fund (CSIFX) at 3.38%. This indicates that CSIEX's price experiences larger fluctuations and is considered to be riskier than CSIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | CSIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 3.38% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 7.30% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 8.97% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 10.96% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 11.11% | +6.08% |
CSIEX vs. CSIFX - Expense Ratio Comparison
Both CSIEX and CSIFX have an expense ratio of 0.91%.
Dividends
CSIEX vs. CSIFX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 26.15%, more than CSIFX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CSIFX Calvert Balanced Fund | 4.33% | 4.76% | 5.23% | 2.37% | 2.32% | 7.61% | 2.43% | 3.45% | 5.25% | 7.41% | 2.68% | 12.56% |
Frequently Asked Questions
CSIEX and CSIFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (4.54%) compared to CSIFX (3.38%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CSIFX's -38.68%.
CSIFX currently has the higher Sharpe Ratio (1.49 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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