CSIFX vs. CFJIX

Last updated Jun 24, 2026

CSIFX (Calvert Balanced Fund) and CFJIX (Calvert US Large-Cap Value Responsible Index Fund) are both mutual funds - CSIFX is a Diversified Portfolio fund managed by Calvert Research and Management, while CFJIX is a Large Cap Value Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIFX returned 9.62%/yr vs 12.62%/yr for CFJIX. A 0.78 correlation means they provide meaningful diversification when combined. CSIFX charges 0.91%/yr vs 0.24%/yr for CFJIX.

Performance

CSIFX vs. CFJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Balanced Fund (CSIFX) and Calvert US Large-Cap Value Responsible Index Fund (CFJIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSIFX achieves a 3.16% return, which is significantly lower than CFJIX's 19.71% return. Over the past 10 years, CSIFX has underperformed CFJIX with an annualized return of 9.62%, while CFJIX has yielded a comparatively higher 12.62% annualized return.

CSIFX

• 1D: -0.43%
• 1M: 0.08%
• YTD: 3.16%
• 6M: 2.75%
• 1Y: 12.60%
• 3Y*: 13.89%
• 5Y*: 7.42%
• 10Y*: 9.62%

CFJIX

• 1D: 0.44%
• 1M: 6.13%
• YTD: 19.71%
• 6M: 18.84%
• 1Y: 33.89%
• 3Y*: 20.98%
• 5Y*: 10.89%
• 10Y*: 12.62%

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

CSIFX vs. CFJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIFX Calvert Balanced Fund	3.16%	11.32%	18.96%	16.35%	-15.33%	14.30%	15.43%	23.71%	-2.75%	10.72%
CFJIX Calvert US Large-Cap Value Responsible Index Fund	19.71%	16.76%	14.63%	9.86%	-11.70%	24.40%	9.06%	29.36%	-10.08%	15.17%

Correlation

The correlation between CSIFX and CFJIX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.78

The correlation between CSIFX and CFJIX shifts across timeframes, from 0.66 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CSIFX vs. CFJIX — Risk / Return Rank

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

CSIFX

CSIFX Risk / Return Rank: 30
CSIFX Sharpe Ratio Rank: 31
CSIFX Sortino Ratio Rank: 31
CSIFX Omega Ratio Rank: 31
CSIFX Calmar Ratio Rank: 23
CSIFX Martin Ratio Rank: 34

CFJIX

CFJIX Risk / Return Rank: 86
CFJIX Sharpe Ratio Rank: 89
CFJIX Sortino Ratio Rank: 87
CFJIX Omega Ratio Rank: 80
CFJIX Calmar Ratio Rank: 86
CFJIX Martin Ratio Rank: 87

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.

CSIFX vs. CFJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Balanced Fund (CSIFX) and Calvert US Large-Cap Value Responsible Index Fund (CFJIX). 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.

	CSIFX	CFJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.70	-1.21
Sortino ratio: Return per unit of downside risk	2.14	3.87	-1.73
Omega ratio: Gain probability vs. loss probability	1.27	1.47	-0.20
Calmar ratio: Return relative to maximum drawdown	1.67	3.93	-2.26
Martin ratio: Return relative to average drawdown	7.16	15.28	-8.12

CSIFX vs. CFJIX - Sharpe Ratio Comparison

The current CSIFX Sharpe Ratio is 1.49, which is lower than the CFJIX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of CSIFX and CFJIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSIFX vs. CFJIX - Drawdown Comparison

The maximum CSIFX drawdown since its inception was -38.68%, roughly equal to the maximum CFJIX drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for CSIFX and CFJIX.

Drawdown Indicators

	CSIFX	CFJIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.68%	-36.91%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-9.00%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-16.60%	+4.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-22.62%	+2.67%
Max Drawdown (10Y) Largest decline over 10 years	-23.77%	-36.91%	+13.14%
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.08%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.31%	-0.45%

Volatility

CSIFX vs. CFJIX - Volatility Comparison

The current volatility for Calvert Balanced Fund (CSIFX) is 3.38%, while Calvert US Large-Cap Value Responsible Index Fund (CFJIX) has a volatility of 4.27%. This indicates that CSIFX experiences smaller price fluctuations and is considered to be less risky than CFJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSIFX	CFJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	4.27%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	10.06%	-2.76%
Volatility (1Y) Calculated over the trailing 1-year period	8.97%	13.14%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.96%	16.01%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.11%	18.02%	-6.91%

CSIFX vs. CFJIX - Expense Ratio Comparison

CSIFX has a 0.91% expense ratio, which is higher than CFJIX's 0.24% expense ratio.

Dividends

CSIFX vs. CFJIX - Dividend Comparison

CSIFX's dividend yield for the trailing twelve months is around 4.33%, less than CFJIX's 7.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFJIX Calvert US Large-Cap Value Responsible Index Fund	7.65%	9.16%	6.31%	2.07%	2.02%	4.17%	1.88%	2.17%	4.87%	6.79%	2.28%	0.00%
CSIFX Calvert Balanced Fund	4.33%	4.76%	5.23%	2.37%	2.32%	7.61%	2.43%	3.45%	5.25%	7.41%	2.68%	12.56%

Frequently Asked Questions

Can I hold both CSIFX and CFJIX in my portfolio?

CSIFX and CFJIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSIFX or CFJIX?

CFJIX has higher volatility (4.27%) compared to CSIFX (3.38%). In terms of maximum drawdown, CSIFX dropped -38.68% vs CFJIX's -36.91%.

Which has better risk-adjusted returns?

CFJIX currently has the higher Sharpe Ratio (2.70 vs 1.49), 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.