CULAX vs. SPY
Compare and contrast key facts about Calvert Ultra-Short Duration Income Fund (CULAX) and SPDR S&P 500 ETF (SPY).
CULAX is managed by Calvert Research and Management. It was launched on Oct 31, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CULAX or SPY.
Correlation
The correlation between CULAX and SPY is 0.08, 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.
Performance
CULAX vs. SPY - Performance Comparison
Key characteristics
CULAX:
3.20
SPY:
0.54
CULAX:
9.70
SPY:
0.90
CULAX:
3.02
SPY:
1.13
CULAX:
23.78
SPY:
0.57
CULAX:
60.89
SPY:
2.24
CULAX:
0.08%
SPY:
4.82%
CULAX:
1.51%
SPY:
20.02%
CULAX:
-7.40%
SPY:
-55.19%
CULAX:
-0.10%
SPY:
-7.53%
Returns By Period
In the year-to-date period, CULAX achieves a 1.03% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, CULAX has underperformed SPY with an annualized return of 2.10%, while SPY has yielded a comparatively higher 12.33% annualized return.
CULAX
1.03%
0.00%
1.82%
4.81%
3.29%
2.10%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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CULAX vs. SPY - Expense Ratio Comparison
CULAX has a 0.72% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CULAX vs. SPY — Risk-Adjusted Performance Rank
CULAX
SPY
CULAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Duration Income Fund (CULAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CULAX vs. SPY - Dividend Comparison
CULAX's dividend yield for the trailing twelve months is around 4.38%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 4.38% | 4.90% | 4.52% | 1.77% | 0.64% | 1.24% | 2.45% | 2.10% | 1.25% | 1.10% | 0.72% | 0.68% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CULAX vs. SPY - Drawdown Comparison
The maximum CULAX drawdown since its inception was -7.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CULAX and SPY. For additional features, visit the drawdowns tool.
Volatility
CULAX vs. SPY - Volatility Comparison
The current volatility for Calvert Ultra-Short Duration Income Fund (CULAX) is 0.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that CULAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.