CTTLX vs. CSIEX
CTTLX (Calvert Responsible Municipal Income Fund) and CSIEX (Calvert Equity Fund) are both mutual funds - CTTLX is a Municipal Bonds fund managed by Calvert, while CSIEX is a Large Cap Growth Equities fund managed by Calvert. Over the past 10 years, CTTLX returned 1.66%/yr vs 11.84%/yr for CSIEX. Their -0.03 correlation means they have often moved in opposite directions in the past. CTTLX charges 0.75%/yr vs 0.91%/yr for CSIEX.
Performance
CTTLX vs. CSIEX - Performance Comparison
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Returns By Period
In the year-to-date period, CTTLX achieves a 0.18% return, which is significantly higher than CSIEX's -4.38% return. Over the past 10 years, CTTLX has underperformed CSIEX with an annualized return of 1.66%, while CSIEX has yielded a comparatively higher 11.84% annualized return.
CTTLX
- 1D
- -0.26%
- 1M
- -2.13%
- 6M
- -0.53%
- YTD
- 0.18%
- 1Y
- 5.04%
- 3Y*
- 3.33%
- 5Y*
- 0.51%
- 10Y*
- 1.66%
- ALL TIME*
- 3.38%
CSIEX
- 1D
- -0.83%
- 1M
- 2.53%
- 6M
- -3.13%
- YTD
- -4.38%
- 1Y
- -1.72%
- 3Y*
- 5.38%
- 5Y*
- 3.27%
- 10Y*
- 11.84%
- ALL TIME*
- 8.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSIEX Calvert Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
CTTLX vs. CSIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTTLX Calvert Responsible Municipal Income Fund | 0.18% | 5.18% | 1.93% | 5.00% | -8.48% | 0.20% | 4.38% | 7.45% | 0.54% | 5.00% |
CSIEX Calvert Equity Fund | -4.38% | 7.27% | 8.35% | 17.93% | -17.61% | 28.90% | 24.26% | 36.46% | 5.03% | 25.78% |
Correlation
The correlation between CTTLX and CSIEX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | -0.03 |
The correlation between CTTLX and CSIEX shifts across timeframes, from -0.03 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CTTLX vs. CSIEX — Risk / Return Rank
CTTLX
CSIEX
CTTLX vs. CSIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Responsible Municipal Income Fund (CTTLX) 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.
| CTTLX | CSIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.98 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.21 | +2.22 |
| Martin ratioReturn relative to average drawdown | 6.50 | -0.41 | +6.92 |
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Drawdowns
CTTLX vs. CSIEX - Drawdown Comparison
The maximum CTTLX drawdown since its inception was -13.21%, smaller than the maximum CSIEX drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CTTLX and CSIEX.
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Drawdown Indicators
| CTTLX | CSIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.21% | -50.81% | +37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -14.28% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -14.87% | +9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -25.71% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -13.21% | -30.50% | +17.29% |
Current DrawdownCurrent decline from peak | -2.13% | -6.68% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -6.25% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 7.25% | -6.34% |
Volatility
CTTLX vs. CSIEX - Volatility Comparison
The current volatility for Calvert Responsible Municipal Income Fund (CTTLX) is 0.99%, while Calvert Equity Fund (CSIEX) has a volatility of 5.58%. This indicates that CTTLX 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
| CTTLX | CSIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 5.58% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 11.19% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 13.72% | -10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 16.46% | -12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 17.22% | -13.38% |
CTTLX vs. CSIEX - Expense Ratio Comparison
CTTLX has a 0.75% expense ratio, which is lower than CSIEX's 0.91% expense ratio.
Dividends
CTTLX vs. CSIEX - Dividend Comparison
CTTLX's dividend yield for the trailing twelve months is around 2.95%, less than CSIEX's 24.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSIEX Calvert Equity Fund | 24.02% | 22.97% | 8.74% | 1.79% | 3.40% | 3.56% | 2.70% | 2.87% | 8.78% | 8.10% | 11.30% | 25.62% |
CTTLX Calvert Responsible Municipal Income Fund | 2.95% | 3.99% | 3.29% | 2.21% | 1.43% | 1.04% | 1.43% | 2.46% | 2.44% | 2.57% | 2.71% | 2.62% |
Frequently Asked Questions
CTTLX and CSIEX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIEX has higher volatility (5.58%) compared to CTTLX (0.99%). In terms of maximum drawdown, CTTLX dropped -13.21% vs CSIEX's -50.81%.
CTTLX currently has the higher Sharpe Ratio (2.15 vs -0.22), 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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