Correlation
The correlation between CULAX and SPY is 0.09, 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.
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.
Performance
CULAX vs. SPY - Performance Comparison
Loading data...
Key characteristics
CULAX:
3.40
SPY:
0.70
CULAX:
10.91
SPY:
1.02
CULAX:
3.33
SPY:
1.15
CULAX:
26.08
SPY:
0.68
CULAX:
65.99
SPY:
2.57
CULAX:
0.08%
SPY:
4.93%
CULAX:
1.57%
SPY:
20.42%
CULAX:
-7.40%
SPY:
-55.19%
CULAX:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CULAX achieves a 1.49% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, CULAX has underperformed SPY with an annualized return of 2.14%, while SPY has yielded a comparatively higher 12.73% annualized return.
CULAX
1.49%
0.10%
1.89%
4.84%
4.73%
3.16%
2.14%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
Dividends
CULAX vs. SPY - Dividend Comparison
CULAX's dividend yield for the trailing twelve months is around 4.31%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CULAX Calvert Ultra-Short Duration Income Fund | 4.31% | 4.91% | 4.52% | 1.78% | 0.64% | 1.25% | 2.44% | 2.05% | 1.26% | 1.10% | 0.72% | 0.69% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
Loading data...
Volatility
CULAX vs. SPY - Volatility Comparison
The current volatility for Calvert Ultra-Short Duration Income Fund (CULAX) is 0.15%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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.
Loading data...