CSIEX vs. CTTLX
CSIEX (Calvert Equity Fund) and CTTLX (Calvert Responsible Municipal Income Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while CTTLX is a Municipal Bonds fund managed by Calvert Research and Management. Over the past 10 years, CSIEX returned 11.66%/yr vs 1.79%/yr for CTTLX. At a correlation of -0.04, they often move in opposite directions. CSIEX charges 0.91%/yr vs 0.75%/yr for CTTLX.
Performance
CSIEX vs. CTTLX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIEX achieves a -11.80% return, which is significantly lower than CTTLX's 1.69% return. Over the past 10 years, CSIEX has outperformed CTTLX with an annualized return of 11.66%, while CTTLX has yielded a comparatively lower 1.79% annualized return.
CSIEX
- 1D
- 0.43%
- 1M
- -2.84%
- YTD
- -11.80%
- 6M
- -12.48%
- 1Y
- -9.09%
- 3Y*
- 4.24%
- 5Y*
- 2.88%
- 10Y*
- 11.66%
CTTLX
- 1D
- 0.00%
- 1M
- 1.59%
- YTD
- 1.69%
- 6M
- 2.09%
- 1Y
- 7.12%
- 3Y*
- 3.98%
- 5Y*
- 1.00%
- 10Y*
- 1.79%
CSIEX vs. CTTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -11.80% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
CTTLX Calvert Responsible Municipal Income Fund | 1.69% | 5.18% | 1.93% | 5.00% | -8.48% | 0.20% | 4.38% | 7.45% | 0.54% | 5.00% |
Correlation
The correlation between CSIEX and CTTLX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | -0.04 |
The correlation between CSIEX and CTTLX shifts across timeframes, from -0.04 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSIEX vs. CTTLX — Risk / Return Rank
CSIEX
CTTLX
CSIEX vs. CTTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Calvert Responsible Municipal Income Fund (CTTLX). 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 | CTTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -5.05 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.66 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.41 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.26 | 8.23 | -9.49 |
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Drawdowns
CSIEX vs. CTTLX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, which is greater than CTTLX's maximum drawdown of -13.21%. Use the drawdown chart below to compare losses from any high point for CSIEX and CTTLX.
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Drawdown Indicators
| CSIEX | CTTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -13.21% | -37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -2.94% | -11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -5.67% | -9.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -13.21% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -13.21% | -17.29% |
Current DrawdownCurrent decline from peak | -13.92% | -0.47% | -13.45% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -2.02% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 0.86% | +5.70% |
Volatility
CSIEX vs. CTTLX - Volatility Comparison
Calvert Equity Fund (CSIEX) has a higher volatility of 4.57% compared to Calvert Responsible Municipal Income Fund (CTTLX) at 0.76%. This indicates that CSIEX's price experiences larger fluctuations and is considered to be riskier than CTTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | CTTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 0.76% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 2.02% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 2.61% | +10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 3.71% | +12.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 3.83% | +13.33% |
CSIEX vs. CTTLX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is higher than CTTLX's 0.75% expense ratio.
Dividends
CSIEX vs. CTTLX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 26.04%, more than CTTLX's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 26.04% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
CTTLX Calvert Responsible Municipal Income Fund | 3.14% | 3.99% | 3.29% | 2.21% | 1.43% | 1.04% | 1.43% | 2.46% | 2.44% | 2.57% | 2.71% | 2.62% |
Frequently Asked Questions
CSIEX and CTTLX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (4.57%) compared to CTTLX (0.76%). In terms of maximum drawdown, CSIEX dropped -50.81% vs CTTLX's -13.21%.
CTTLX currently has the higher Sharpe Ratio (2.71 vs -0.66), 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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