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 11.69%/yr vs 9.27%/yr for CSIFX. Their correlation of 0.89 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 -6.75% return, which is significantly lower than CSIFX's 3.87% return. Over the past 10 years, CSIEX has outperformed CSIFX with an annualized return of 11.69%, while CSIFX has yielded a comparatively lower 9.27% 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%
CSIFX
- 1D
- 0.49%
- 1M
- 0.44%
- 6M
- 2.57%
- YTD
- 3.87%
- 1Y
- 10.76%
- 3Y*
- 13.29%
- 5Y*
- 7.27%
- 10Y*
- 9.27%
CSIEX vs. CSIFX - 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% |
CSIFX Calvert Balanced Fund | 3.87% | 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 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1987 | 0.89 |
Over the past year, the correlation between CSIEX and CSIFX has dropped to 0.53 - well below their long-term average of 0.89, 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 | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.22 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.39 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.53 | 5.86 | -6.38 |
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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 | -9.00% | -0.23% | -8.77% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -5.29% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 1.89% | +5.16% |
Volatility
CSIEX vs. CSIFX - Volatility Comparison
Calvert Equity Fund (CSIEX) has a higher volatility of 5.14% compared to Calvert Balanced Fund (CSIFX) at 2.81%. 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 | 5.14% | 2.81% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 7.44% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 9.05% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 10.99% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 11.08% | +6.09% |
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 24.63%, more than CSIFX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CSIFX Calvert Balanced Fund | 4.32% | 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 0.53, 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 CSIFX (2.81%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CSIFX's -38.68%.
CSIFX currently has the higher Sharpe Ratio (1.23 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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