CSIEX vs. SPY
Compare and contrast key facts about Calvert Equity Fund (CSIEX) and State Street SPDR S&P 500 ETF (SPY).
CSIEX is managed by Calvert Research and Management. It was launched on Aug 24, 1987. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CSIEX vs. SPY - Performance Comparison
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CSIEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -11.00% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CSIEX achieves a -11.00% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, CSIEX has underperformed SPY with an annualized return of 11.39%, while SPY has yielded a comparatively higher 13.98% annualized return.
CSIEX
- 1D
- 1.14%
- 1M
- -7.71%
- YTD
- -11.00%
- 6M
- -10.10%
- 1Y
- -4.11%
- 3Y*
- 5.46%
- 5Y*
- 4.83%
- 10Y*
- 11.39%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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CSIEX vs. SPY - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CSIEX vs. SPY — Risk / Return Rank
CSIEX
SPY
CSIEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 0.93 | -1.14 |
Sortino ratioReturn per unit of downside risk | -0.19 | 1.45 | -1.64 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.36 | 1.53 | -1.89 |
Martin ratioReturn relative to average drawdown | -1.20 | 7.30 | -8.50 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.93 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.69 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.78 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between CSIEX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CSIEX vs. SPY - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 25.81%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 25.81% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CSIEX vs. SPY - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSIEX and SPY.
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Drawdown Indicators
| CSIEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -55.19% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -12.05% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -24.50% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -33.72% | +3.22% |
Current DrawdownCurrent decline from peak | -13.14% | -6.24% | -6.90% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -9.09% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 2.52% | +1.74% |
Volatility
CSIEX vs. SPY - Volatility Comparison
The current volatility for Calvert Equity Fund (CSIEX) is 4.14%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that CSIEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 5.31% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 9.47% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 19.05% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 17.06% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.92% | -0.80% |