CSIFX vs. CISIX

Last updated Jun 4, 2026

CSIFX (Calvert Balanced Fund) and CISIX (Calvert US Large-Cap Core Responsible Index Fund) are both mutual funds - CSIFX is a Diversified Portfolio fund managed by Calvert Research and Management, while CISIX is a Large Cap Blend Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIFX returned 9.55%/yr vs 15.63%/yr for CISIX. With a 0.96 correlation, they move nearly in lockstep. CSIFX charges 0.91%/yr vs 0.24%/yr for CISIX.

Performance

CSIFX vs. CISIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Balanced Fund (CSIFX) and Calvert US Large-Cap Core Responsible Index Fund (CISIX). 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 CISIX's 13.10% return. Over the past 10 years, CSIFX has underperformed CISIX with an annualized return of 9.55%, while CISIX has yielded a comparatively higher 15.63% 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%

CISIX

• 1D: 0.24%
• 1M: 6.59%
• YTD: 13.10%
• 6M: 12.90%
• 1Y: 30.17%
• 3Y*: 22.48%
• 5Y*: 13.13%
• 10Y*: 15.63%

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

CSIFX vs. CISIX - 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%
CISIX Calvert US Large-Cap Core Responsible Index Fund	13.10%	15.90%	24.14%	27.27%	-21.68%	25.63%	26.12%	32.81%	-4.08%	21.18%

Correlation

The correlation between CSIFX and CISIX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
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	0.95
Correlation (All Time) Calculated using the full available price history since Jul 3, 2000	0.96

The correlation between CSIFX and CISIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

CSIFX vs. CISIX — 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

CISIX

CISIX Risk / Return Rank: 70
CISIX Sharpe Ratio Rank: 74
CISIX Sortino Ratio Rank: 67
CISIX Omega Ratio Rank: 63
CISIX Calmar Ratio Rank: 69
CISIX Martin Ratio Rank: 79

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. CISIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Balanced Fund (CSIFX) and Calvert US Large-Cap Core Responsible Index Fund (CISIX). 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	CISIX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.50	-0.74
Sortino ratio: Return per unit of downside risk	2.51	3.42	-0.91
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	1.86	3.21	-1.36
Martin ratio: Return relative to average drawdown	8.07	14.79	-6.72
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. CISIX - Sharpe Ratio Comparison

The current CSIFX Sharpe Ratio is 1.75, which is comparable to the CISIX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of CSIFX and CISIX, 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	CISIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.50	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.74	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.84	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.39	+0.31

Drawdowns

CSIFX vs. CISIX - Drawdown Comparison

The maximum CSIFX drawdown since its inception was -38.68%, smaller than the maximum CISIX drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for CSIFX and CISIX.

Drawdown Indicators

	CSIFX	CISIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.68%	-59.36%	+20.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-9.72%	+1.74%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-19.94%	+8.08%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-27.37%	+7.42%
Max Drawdown (10Y) Largest decline over 10 years	-23.77%	-32.82%	+9.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.30%	-14.29%	+8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.11%	-0.28%

Volatility

CSIFX vs. CISIX - Volatility Comparison

The current volatility for Calvert Balanced Fund (CSIFX) is 2.37%, while Calvert US Large-Cap Core Responsible Index Fund (CISIX) has a volatility of 3.33%. This indicates that CSIFX experiences smaller price fluctuations and is considered to be less risky than CISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSIFX	CISIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	3.33%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	9.66%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	8.45%	12.51%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	17.78%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.07%	18.57%	-7.50%

CSIFX vs. CISIX - Expense Ratio Comparison

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

Dividends

CSIFX vs. CISIX - Dividend Comparison

CSIFX's dividend yield for the trailing twelve months is around 4.29%, less than CISIX's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CISIX Calvert US Large-Cap Core Responsible Index Fund	4.77%	5.39%	1.77%	1.02%	1.17%	1.02%	0.94%	1.14%	4.33%	2.41%	3.77%	7.62%
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 CISIX in my portfolio?

With a correlation of 0.95, CSIFX and CISIX 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 CISIX?

CISIX has higher volatility (3.33%) compared to CSIFX (2.37%). In terms of maximum drawdown, CSIFX dropped -38.68% vs CISIX's -59.36%.

Which has better risk-adjusted returns?

CISIX currently has the higher Sharpe Ratio (2.50 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.