CSIEX vs. SWPPX
CSIEX (Calvert Equity Fund) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - CSIEX is a Large Cap Growth Equities fund managed by Calvert, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, CSIEX returned 11.84%/yr vs 14.98%/yr for SWPPX. Their correlation of 0.92 means they have usually moved in the same direction. CSIEX charges 0.91%/yr vs 0.02%/yr for SWPPX.
Performance
CSIEX vs. SWPPX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIEX achieves a -4.38% return, which is significantly lower than SWPPX's 9.35% return. Over the past 10 years, CSIEX has underperformed SWPPX with an annualized return of 11.84%, while SWPPX has yielded a comparatively higher 14.98% annualized return.
CSIEX
- 1D
- -0.83%
- 1M
- 2.53%
- 6M
- -3.13%
- YTD
- -4.38%
- 1Y
- -1.72%
- 3Y*
- 5.38%
- 5Y*
- 3.27%
- 10Y*
- 11.84%
- ALL TIME*
- 8.60%
SWPPX
- 1D
- 1.70%
- 1M
- -0.52%
- 6M
- 7.81%
- YTD
- 9.35%
- 1Y
- 20.64%
- 3Y*
- 19.02%
- 5Y*
- 12.67%
- 10Y*
- 14.98%
- ALL TIME*
- 9.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSIEX Calvert Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
CSIEX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | -4.38% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
SWPPX Schwab S&P 500 Index Fund | 9.35% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Correlation
The correlation between CSIEX and SWPPX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 20, 1997 | 0.92 |
Over the past year, the correlation between CSIEX and SWPPX has dropped to 0.46 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
CSIEX vs. SWPPX — Risk / Return Rank
CSIEX
SWPPX
CSIEX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Equity Fund (CSIEX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.07 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.41 | 8.85 | -9.26 |
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Drawdowns
CSIEX vs. SWPPX - Drawdown Comparison
The maximum CSIEX drawdown since its inception was -50.81%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for CSIEX and SWPPX.
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Drawdown Indicators
| CSIEX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.81% | -55.06% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.28% | -8.89% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -18.74% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -24.51% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -33.80% | +3.30% |
Current DrawdownCurrent decline from peak | -6.68% | -2.09% | -4.59% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -9.90% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.25% | 2.07% | +5.18% |
Volatility
CSIEX vs. SWPPX - Volatility Comparison
Calvert Equity Fund (CSIEX) has a higher volatility of 5.58% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.49%. This indicates that CSIEX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIEX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 3.49% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.19% | 10.13% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 12.89% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 17.05% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 18.23% | -1.01% |
CSIEX vs. SWPPX - Expense Ratio Comparison
CSIEX has a 0.91% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Dividends
CSIEX vs. SWPPX - Dividend Comparison
CSIEX's dividend yield for the trailing twelve months is around 24.02%, more than SWPPX's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 24.02% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
SWPPX Schwab S&P 500 Index Fund | 1.01% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
CSIEX and SWPPX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.58%) compared to SWPPX (3.49%). In terms of maximum drawdown, CSIEX dropped -50.81% vs SWPPX's -55.06%.
SWPPX currently has the higher Sharpe Ratio (1.42 vs -0.22), 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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