CSIFX vs. CSIEX
CSIFX (Calvert Balanced Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CSIFX is a Diversified Portfolio fund managed by Calvert Research and Management, while CSIEX is a Large Cap Growth Equities fund managed by Calvert Research and Management. Over the past 10 years, CSIFX returned 9.24%/yr vs 11.63%/yr for CSIEX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.91% expense ratio.
Performance
CSIFX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIFX achieves a 3.38% return, which is significantly higher than CSIEX's -7.52% return. Over the past 10 years, CSIFX has underperformed CSIEX with an annualized return of 9.24%, while CSIEX has yielded a comparatively higher 11.63% annualized return.
CSIFX
- 1D
- 0.04%
- 1M
- 0.86%
- 6M
- 1.93%
- YTD
- 3.38%
- 1Y
- 10.31%
- 3Y*
- 13.73%
- 5Y*
- 7.05%
- 10Y*
- 9.24%
CSIEX
- 1D
- 0.24%
- 1M
- 2.05%
- 6M
- -9.66%
- YTD
- -7.52%
- 1Y
- -5.49%
- 3Y*
- 5.13%
- 5Y*
- 3.22%
- 10Y*
- 11.63%
CSIFX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIFX Calvert Balanced Fund | 3.38% | 11.32% | 18.96% | 16.35% | -15.33% | 14.30% | 15.43% | 23.71% | -2.75% | 10.72% |
CSIEX Calvert Equity Fund | -7.52% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CSIFX and CSIEX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1987 | 0.89 |
Over the past year, the correlation between CSIFX and CSIEX has dropped to 0.56 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
CSIFX vs. CSIEX — Risk / Return Rank
CSIFX
CSIEX
CSIFX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Balanced Fund (CSIFX) and Calvert Equity Fund (CSIEX). 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 | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.44 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.31 | -0.90 | +6.20 |
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Drawdowns
CSIFX vs. CSIEX - Drawdown Comparison
The maximum CSIFX drawdown since its inception was -38.68%, smaller than the maximum CSIEX drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CSIFX and CSIEX.
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Drawdown Indicators
| CSIFX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -50.81% | +12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -14.28% | +6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.86% | -14.87% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -25.71% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -30.50% | +6.73% |
Current DrawdownCurrent decline from peak | -0.70% | -9.74% | +9.04% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -6.24% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 6.98% | -5.09% |
Volatility
CSIFX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Balanced Fund (CSIFX) is 3.24%, while Calvert Equity Fund (CSIEX) has a volatility of 5.17%. This indicates that CSIFX experiences smaller price fluctuations and is considered to be less risky than CSIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIFX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 5.17% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 10.58% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 13.13% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 16.37% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.07% | 17.17% | -6.10% |
CSIFX vs. CSIEX - Expense Ratio Comparison
Both CSIFX and CSIEX have an expense ratio of 0.91%.
Dividends
CSIFX vs. CSIEX - Dividend Comparison
CSIFX's dividend yield for the trailing twelve months is around 4.34%, less than CSIEX's 24.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 24.83% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
CSIFX Calvert Balanced Fund | 4.34% | 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
CSIFX and CSIEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.17%) compared to CSIFX (3.24%). In terms of maximum drawdown, CSIFX dropped -38.68% vs CSIEX's -50.81%.
CSIFX currently has the higher Sharpe Ratio (1.12 vs -0.48), 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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