CULAX vs. CMJAX
Compare and contrast key facts about Calvert Ultra-Short Duration Income Fund (CULAX) and Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX).
CULAX is managed by Calvert Research and Management. It was launched on Oct 31, 2006. CMJAX is a passively managed fund by Calvert Research and Management that tracks the performance of the Calvert US Mid-Cap Core Responsible Index. It was launched on Oct 30, 2015.
Performance
CULAX vs. CMJAX - Performance Comparison
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CULAX vs. CMJAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 0.31% | 4.55% | 5.69% | 6.07% | -0.56% | 0.43% | 0.66% | 3.30% | 1.15% | 1.27% |
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | -2.79% | 9.14% | 12.24% | 15.00% | -19.32% | 20.96% | 23.72% | 30.67% | -9.50% | 18.70% |
Returns By Period
In the year-to-date period, CULAX achieves a 0.31% return, which is significantly higher than CMJAX's -2.79% return. Over the past 10 years, CULAX has underperformed CMJAX with an annualized return of 2.43%, while CMJAX has yielded a comparatively higher 10.04% annualized return.
CULAX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.31%
- 6M
- 1.41%
- 1Y
- 3.71%
- 3Y*
- 5.07%
- 5Y*
- 3.22%
- 10Y*
- 2.43%
CMJAX
- 1D
- -0.71%
- 1M
- -8.92%
- YTD
- -2.79%
- 6M
- -1.44%
- 1Y
- 10.92%
- 3Y*
- 9.47%
- 5Y*
- 4.42%
- 10Y*
- 10.04%
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CULAX vs. CMJAX - Expense Ratio Comparison
CULAX has a 0.72% expense ratio, which is higher than CMJAX's 0.49% expense ratio.
Return for Risk
CULAX vs. CMJAX — Risk / Return Rank
CULAX
CMJAX
CULAX vs. CMJAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Duration Income Fund (CULAX) and Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX). 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.
| CULAX | CMJAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.95 | 0.61 | +2.34 |
Sortino ratioReturn per unit of downside risk | 9.42 | 0.99 | +8.43 |
Omega ratioGain probability vs. loss probability | 3.22 | 1.14 | +2.08 |
Calmar ratioReturn relative to maximum drawdown | 13.55 | 0.73 | +12.82 |
Martin ratioReturn relative to average drawdown | 45.47 | 3.19 | +42.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CULAX | CMJAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | 0.61 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.45 | 0.24 | +2.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.74 | 0.52 | +1.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | 0.52 | +1.53 |
Correlation
The correlation between CULAX and CMJAX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CULAX vs. CMJAX - Dividend Comparison
CULAX's dividend yield for the trailing twelve months is around 3.64%, less than CMJAX's 4.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 3.64% | 4.13% | 4.90% | 4.52% | 1.47% | 0.64% | 1.25% | 2.44% | 2.10% | 1.13% | 1.10% | 0.66% |
CMJAX Calvert US Mid-Cap Core Responsible Index Fund Class A | 4.53% | 4.40% | 0.89% | 0.84% | 0.80% | 2.64% | 2.43% | 1.57% | 2.97% | 2.81% | 1.86% | 0.00% |
Drawdowns
CULAX vs. CMJAX - Drawdown Comparison
The maximum CULAX drawdown since its inception was -7.40%, smaller than the maximum CMJAX drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for CULAX and CMJAX.
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Drawdown Indicators
| CULAX | CMJAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -38.09% | +30.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -13.05% | +12.75% |
Max Drawdown (5Y)Largest decline over 5 years | -2.19% | -28.22% | +26.03% |
Max Drawdown (10Y)Largest decline over 10 years | -7.40% | -38.09% | +30.69% |
Current DrawdownCurrent decline from peak | -0.30% | -9.39% | +9.09% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -6.43% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.99% | -2.90% |
Volatility
CULAX vs. CMJAX - Volatility Comparison
The current volatility for Calvert Ultra-Short Duration Income Fund (CULAX) is 0.17%, while Calvert US Mid-Cap Core Responsible Index Fund Class A (CMJAX) has a volatility of 4.97%. This indicates that CULAX experiences smaller price fluctuations and is considered to be less risky than CMJAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CULAX | CMJAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 4.97% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 10.20% | -9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 18.81% | -17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 18.54% | -17.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.41% | 19.51% | -18.10% |