CSIEX vs. FIVFX

Last updated Jun 3, 2026

CSIEX (Calvert Equity Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. A 0.66 correlation means they provide meaningful diversification when combined. CSIEX charges 0.91%/yr vs 1.00%/yr for FIVFX.

Performance

CSIEX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Equity Fund (CSIEX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CSIEX

• 1D: 0.56%
• 1M: -0.37%
• YTD: -7.75%
• 6M: -6.81%
• 1Y: -4.36%
• 3Y*: 6.36%
• 5Y*: 4.36%
• 10Y*: 11.72%

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSIEX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIEX Calvert Equity Fund	-7.75%	7.27%	8.35%	17.93%	-17.61%	28.90%	24.26%	36.46%	5.03%	25.78%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between CSIEX and FIVFX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 17, 1995	0.66

Over the past year, the correlation between CSIEX and FIVFX has dropped to 0.20 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

CSIEX vs. FIVFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSIEX

CSIEX Risk / Return Rank: 1
CSIEX Sharpe Ratio Rank: 1
CSIEX Sortino Ratio Rank: 1
CSIEX Omega Ratio Rank: 1
CSIEX Calmar Ratio Rank: 1
CSIEX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSIEX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	CSIEX	FIVFX	Difference
Sharpe ratio Return per unit of total volatility	-0.36	—	—
Sortino ratio Return per unit of downside risk	-0.43	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.30	—	—
Martin ratio Return relative to average drawdown	-0.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CSIEX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	—	—

Drawdowns

Drawdown Indicators

	CSIEX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-50.81%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.50%	—	—
Current Drawdown Current decline from peak	-9.96%	—	—
Average Drawdown Average peak-to-trough decline	-6.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	—	—

Volatility

Volatility by Period

	CSIEX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	—	—

CSIEX vs. FIVFX - Expense Ratio Comparison

CSIEX has a 0.91% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

CSIEX vs. FIVFX - Dividend Comparison

CSIEX's dividend yield for the trailing twelve months is around 24.90%, more than FIVFX's 10.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSIEX Calvert Equity Fund	24.90%	22.97%	8.74%	1.79%	3.40%	3.56%	2.70%	2.87%	8.78%	8.10%	11.30%	25.62%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both CSIEX and FIVFX in my portfolio?

CSIEX and FIVFX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.