CSIFX vs. CGJIX

Last updated Jun 4, 2026

CSIFX (Calvert Balanced Fund) and CGJIX (Calvert US Large-Cap Growth Responsible Index Fund) are both mutual funds - CSIFX is a Diversified Portfolio fund managed by Calvert Research and Management, while CGJIX is a Large Cap Growth Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIFX returned 9.55%/yr vs 17.80%/yr for CGJIX. Their correlation of 0.94 suggests significant overlap in exposure. CSIFX charges 0.91%/yr vs 0.24%/yr for CGJIX.

Performance

CSIFX vs. CGJIX - Performance Comparison

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

Returns By Period

In the year-to-date period, CSIFX achieves a 4.11% return, which is significantly lower than CGJIX's 12.35% return. Over the past 10 years, CSIFX has underperformed CGJIX with an annualized return of 9.55%, while CGJIX has yielded a comparatively higher 17.80% annualized return.

CSIFX

• 1D: 0.04%
• 1M: 2.44%
• YTD: 4.11%
• 6M: 3.75%
• 1Y: 14.48%
• 3Y*: 14.57%
• 5Y*: 7.98%
• 10Y*: 9.55%

CGJIX

• 1D: 0.13%
• 1M: 6.98%
• YTD: 12.35%
• 6M: 11.64%
• 1Y: 28.82%
• 3Y*: 23.19%
• 5Y*: 14.53%
• 10Y*: 17.80%

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

CSIFX vs. CGJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIFX Calvert Balanced Fund	4.11%	11.32%	18.96%	16.35%	-15.33%	14.30%	15.43%	23.71%	-2.75%	10.72%
CGJIX Calvert US Large-Cap Growth Responsible Index Fund	12.35%	14.56%	27.74%	36.66%	-26.84%	26.13%	38.69%	35.29%	0.74%	27.39%

Correlation

The correlation between CSIFX and CGJIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.94

The correlation between CSIFX and CGJIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

CSIFX vs. CGJIX — Risk / Return Rank

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

CSIFX

CSIFX Risk / Return Rank: 34
CSIFX Sharpe Ratio Rank: 36
CSIFX Sortino Ratio Rank: 36
CSIFX Omega Ratio Rank: 36
CSIFX Calmar Ratio Rank: 25
CSIFX Martin Ratio Rank: 37

CGJIX

CGJIX Risk / Return Rank: 53
CGJIX Sharpe Ratio Rank: 56
CGJIX Sortino Ratio Rank: 51
CGJIX Omega Ratio Rank: 50
CGJIX Calmar Ratio Rank: 50
CGJIX Martin Ratio Rank: 57

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. CGJIX - Risk-Adjusted Trends Comparison

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

	CSIFX	CGJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.22	-0.46
Sortino ratio: Return per unit of downside risk	2.51	3.01	-0.50
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	1.86	2.68	-0.83
Martin ratio: Return relative to average drawdown	8.07	11.47	-3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSIFX vs. CGJIX - Sharpe Ratio Comparison

The current CSIFX Sharpe Ratio is 1.75, which is comparable to the CGJIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of CSIFX and CGJIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSIFX	CGJIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.22	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.74	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.89	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.88	-0.18

Drawdowns

CSIFX vs. CGJIX - Drawdown Comparison

The maximum CSIFX drawdown since its inception was -38.68%, which is greater than CGJIX's maximum drawdown of -31.18%. Use the drawdown chart below to compare losses from any high point for CSIFX and CGJIX.

Drawdown Indicators

	CSIFX	CGJIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.68%	-31.18%	-7.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-11.15%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-21.90%	+10.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-31.18%	+11.23%
Max Drawdown (10Y) Largest decline over 10 years	-23.77%	-31.18%	+7.41%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.46%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.60%	-0.77%

Volatility

CSIFX vs. CGJIX - Volatility Comparison

The current volatility for Calvert Balanced Fund (CSIFX) is 2.37%, while Calvert US Large-Cap Growth Responsible Index Fund (CGJIX) has a volatility of 3.38%. This indicates that CSIFX experiences smaller price fluctuations and is considered to be less risky than CGJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSIFX	CGJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	3.38%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	10.41%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	8.45%	13.49%	-5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	19.79%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.07%	20.04%	-8.97%

CSIFX vs. CGJIX - Expense Ratio Comparison

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

Dividends

CSIFX vs. CGJIX - Dividend Comparison

CSIFX's dividend yield for the trailing twelve months is around 4.29%, more than CGJIX's 2.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGJIX Calvert US Large-Cap Growth Responsible Index Fund	2.71%	3.05%	2.04%	0.53%	0.51%	1.85%	1.76%	1.64%	5.72%	2.19%	1.13%	0.00%
CSIFX Calvert Balanced Fund	4.29%	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 CGJIX in my portfolio?

With a correlation of 0.96, CSIFX and CGJIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CSIFX or CGJIX?

CGJIX has higher volatility (3.38%) compared to CSIFX (2.37%). In terms of maximum drawdown, CSIFX dropped -38.68% vs CGJIX's -31.18%.

Which has better risk-adjusted returns?

CGJIX currently has the higher Sharpe Ratio (2.22 vs 1.75), 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.