CSIEX vs. IOLZX
CSIEX (Calvert Equity Fund) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, CSIEX returned 11.54%/yr vs 14.51%/yr for IOLZX. Their correlation of 0.82 suggests significant overlap in exposure. CSIEX charges 0.91%/yr vs 1.04%/yr for IOLZX.
Performance
CSIEX vs. IOLZX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIEX achieves a -9.20% return, which is significantly lower than IOLZX's 28.15% return. Over the past 10 years, CSIEX has underperformed IOLZX with an annualized return of 11.54%, while IOLZX has yielded a comparatively higher 14.51% annualized return.
CSIEX
- 1D
- -1.58%
- 1M
- -1.43%
- YTD
- -9.20%
- 6M
- -8.41%
- 1Y
- -6.46%
- 3Y*
- 5.80%
- 5Y*
- 4.09%
- 10Y*
- 11.54%
IOLZX
- 1D
- 2.03%
- 1M
- 8.48%
- YTD
- 28.15%
- 6M
- 30.91%
- 1Y
- 50.12%
- 3Y*
- 24.88%
- 5Y*
- 11.20%
- 10Y*
- 14.51%
CSIEX vs. IOLZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -9.20% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
IOLZX ICON Equity Fund | 28.15% | 15.81% | 16.87% | 12.13% | -17.78% | 26.72% | 16.00% | 38.22% | -16.69% | 26.78% |
Correlation
The correlation between CSIEX and IOLZX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004 | 0.82 |
Over the past year, the correlation between CSIEX and IOLZX has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. IOLZX — Risk / Return Rank
CSIEX
IOLZX
CSIEX vs. IOLZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and ICON Equity Fund (IOLZX). 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 | IOLZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.46 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.65 | -4.06 |
| Martin ratioReturn relative to average drawdown | -0.99 | 12.92 | -13.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSIEX | IOLZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 2.77 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.53 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.65 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.41 | +0.07 |
Drawdowns
CSIEX vs. IOLZX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for CSIEX and IOLZX.
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Drawdown Indicators
| CSIEX | IOLZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -56.03% | +5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -14.35% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -24.71% | +9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -27.77% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -41.04% | +10.54% |
Current DrawdownCurrent decline from peak | -11.38% | 0.00% | -11.38% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -12.63% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 4.04% | +1.89% |
Volatility
CSIEX vs. IOLZX - Volatility Comparison
The current volatility for Calvert Equity Fund (CSIEX) is 3.95%, while ICON Equity Fund (IOLZX) has a volatility of 6.36%. This indicates that CSIEX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | IOLZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 6.36% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 14.98% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 18.86% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 21.43% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 22.36% | -5.20% |
CSIEX vs. IOLZX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is lower than IOLZX's 1.04% expense ratio.
Dividends
CSIEX vs. IOLZX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 25.29%, more than IOLZX's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 25.29% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
IOLZX ICON Equity Fund | 8.34% | 10.69% | 22.21% | 4.75% | 18.57% | 14.12% | 0.00% | 3.46% | 1.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSIEX and IOLZX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOLZX has higher volatility (6.36%) compared to CSIEX (3.95%). In terms of maximum drawdown, CSIEX dropped -50.81% vs IOLZX's -56.03%.
IOLZX currently has the higher Sharpe Ratio (2.77 vs -0.48), 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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