CSIFX vs. IVV
CSIFX (Calvert Balanced Fund) and IVV (iShares Core S&P 500 ETF) are both funds - CSIFX is a Diversified Portfolio fund managed by Calvert, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CSIFX returned 9.13%/yr vs 15.11%/yr for IVV. Their correlation of 0.94 means they have usually moved in the same direction. CSIFX charges 0.91%/yr vs 0.03%/yr for IVV.
Performance
CSIFX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, CSIFX achieves a 2.66% return, which is significantly lower than IVV's 10.13% return. Over the past 10 years, CSIFX has underperformed IVV with an annualized return of 9.13%, while IVV has yielded a comparatively higher 15.11% annualized return.
CSIFX
- 1D
- 1.60%
- 1M
- -0.21%
- 6M
- 2.51%
- YTD
- 2.66%
- 1Y
- 8.55%
- 3Y*
- 12.49%
- 5Y*
- 6.84%
- 10Y*
- 9.13%
- ALL TIME*
- 7.29%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.36B | $3.31B | $5.91B |
CSIFX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIFX Calvert Balanced Fund | 2.66% | 11.32% | 18.96% | 16.35% | -15.33% | 14.30% | 15.43% | 23.71% | -2.75% | 10.72% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between CSIFX and IVV is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.94 |
The correlation between CSIFX and IVV has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
CSIFX vs. IVV — Risk / Return Rank
CSIFX
IVV
CSIFX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Balanced Fund (CSIFX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.21 | -1.26 |
| Martin ratioReturn relative to average drawdown | 3.95 | 9.43 | -5.48 |
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Drawdowns
CSIFX vs. IVV - Drawdown Comparison
The maximum CSIFX drawdown since its inception was -38.68%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CSIFX and IVV.
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Drawdown Indicators
| CSIFX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -55.25% | +16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -8.89% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.86% | -18.75% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -24.53% | +4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -33.90% | +10.13% |
Current DrawdownCurrent decline from peak | -1.40% | -1.41% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -10.72% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.09% | -0.16% |
Volatility
CSIFX vs. IVV - Volatility Comparison
The current volatility for Calvert Balanced Fund (CSIFX) is 2.87%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that CSIFX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIFX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.52% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 10.18% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 12.89% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 17.01% | -6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 18.06% | -6.96% |
CSIFX vs. IVV - Expense Ratio Comparison
CSIFX has a 0.91% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
CSIFX vs. IVV - Dividend Comparison
CSIFX's dividend yield for the trailing twelve months is around 4.37%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIFX Calvert Balanced Fund | 4.37% | 4.76% | 5.23% | 2.37% | 2.32% | 7.61% | 2.43% | 3.45% | 5.25% | 7.41% | 2.68% | 12.56% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
With a correlation of 0.95, CSIFX and IVV 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.
IVV has higher volatility (3.52%) compared to CSIFX (2.87%). In terms of maximum drawdown, CSIFX dropped -38.68% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.53 vs 0.82), 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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