CUBIX vs. CRFIX

Last updated Jun 25, 2026

CUBIX (Calvert Flexible Bond Fund) and CRFIX (Calvert Focused Value Fund) are both mutual funds - CUBIX is a Nontraditional Bonds fund managed by Calvert Research and Management, while CRFIX is a Large Cap Value Equities fund managed by Calvert Research and Management. At a 0.31 correlation, their price movements are largely independent. CUBIX charges 0.66%/yr vs 0.74%/yr for CRFIX.

Performance

CUBIX vs. CRFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Flexible Bond Fund (CUBIX) and Calvert Focused Value Fund (CRFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CUBIX

• 1D: 0.00%
• 1M: 0.53%
• YTD: 0.49%
• 6M: 0.92%
• 1Y: 4.94%
• 3Y*: 6.67%
• 5Y*: 3.69%
• 10Y*: 4.01%

CRFIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CUBIX vs. CRFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CUBIX Calvert Flexible Bond Fund	0.49%	8.23%	6.56%	7.24%	-0.81%
CRFIX Calvert Focused Value Fund	11.46%	13.26%	12.24%	8.84%	-1.34%

Correlation

The correlation between CUBIX and CRFIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.31

Return for Risk

CUBIX vs. CRFIX — Risk / Return Rank

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

CUBIX

CUBIX Risk / Return Rank: 57
CUBIX Sharpe Ratio Rank: 55
CUBIX Sortino Ratio Rank: 69
CUBIX Omega Ratio Rank: 69
CUBIX Calmar Ratio Rank: 45
CUBIX Martin Ratio Rank: 49

CRFIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CUBIX vs. CRFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Flexible Bond Fund (CUBIX) and Calvert Focused Value Fund (CRFIX). 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.

	CUBIX	CRFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.99	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	9.06	—	—

Drawdowns

Drawdown Indicators

	CUBIX	CRFIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.12%	—	—
Current Drawdown Current decline from peak	-0.69%	—	—
Average Drawdown Average peak-to-trough decline	-0.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	—	—

Volatility

Volatility by Period

	CUBIX	CRFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.76%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.83%	—	—

CUBIX vs. CRFIX - Expense Ratio Comparison

CUBIX has a 0.66% expense ratio, which is lower than CRFIX's 0.74% expense ratio.

Dividends

CUBIX vs. CRFIX - Dividend Comparison

CUBIX's dividend yield for the trailing twelve months is around 4.93%, less than CRFIX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRFIX Calvert Focused Value Fund	5.18%	5.77%	4.37%	1.02%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CUBIX Calvert Flexible Bond Fund	4.93%	4.93%	5.50%	3.95%	4.75%	3.58%	2.85%	3.35%	3.33%	3.41%	4.48%	3.25%

Frequently Asked Questions

Can I hold both CUBIX and CRFIX in my portfolio?

CUBIX and CRFIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.