CULAX vs. TMPFX

Last updated Apr 1, 2026

Compare and contrast key facts about Calvert Ultra-Short Duration Income Fund (CULAX) and Tactical Multi-Purpose Fund (TMPFX).

CULAX is managed by Calvert Research and Management. It was launched on Oct 31, 2006. TMPFX is managed by Fisher Investments. It was launched on Mar 30, 2017.

Performance

CULAX vs. TMPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Ultra-Short Duration Income Fund (CULAX) and Tactical Multi-Purpose Fund (TMPFX). The values are adjusted to include any dividend payments, if applicable.

CULAX vs. TMPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CULAX Calvert Ultra-Short Duration Income Fund	0.31%	4.55%	5.69%	6.07%	-0.56%	0.43%	0.66%	3.30%	1.09%
TMPFX Tactical Multi-Purpose Fund	0.71%	3.71%	4.26%	3.90%	0.51%	-0.91%	-0.60%	0.30%	-0.30%

Returns By Period

In the year-to-date period, CULAX achieves a 0.31% return, which is significantly lower than TMPFX's 0.71% 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%

TMPFX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 0.71%
• 6M: 1.57%
• 1Y: 3.61%
• 3Y*: 3.96%
• 5Y*: 2.46%
• 10Y*: —

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

CULAX vs. TMPFX - Expense Ratio Comparison

CULAX has a 0.72% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

TMPFX

Tactical Multi-Purpose Fund

CULAX

Calvert Ultra-Short Duration Income Fund

Return for Risk

CULAX vs. TMPFX — Risk / Return Rank

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

CULAX

CULAX Risk / Return Rank: 99
CULAX Sharpe Ratio Rank: 98
CULAX Sortino Ratio Rank: 99
CULAX Omega Ratio Rank: 99
CULAX Calmar Ratio Rank: 100
CULAX Martin Ratio Rank: 99

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.

CULAX vs. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Ultra-Short Duration Income Fund (CULAX) and Tactical Multi-Purpose Fund (TMPFX). 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	TMPFX	Difference
Sharpe ratio Return per unit of total volatility	2.95	6.59	-3.64
Sortino ratio Return per unit of downside risk	9.42	—	—
Omega ratio Gain probability vs. loss probability	3.22	—	—
Calmar ratio Return relative to maximum drawdown	13.55	—	—
Martin ratio Return relative to average drawdown	45.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CULAX vs. TMPFX - Sharpe Ratio Comparison

The current CULAX Sharpe Ratio is 2.95, which is lower than the TMPFX Sharpe Ratio of 6.59. The chart below compares the historical Sharpe Ratios of CULAX and TMPFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CULAX	TMPFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	6.59	-3.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.45	1.06	+1.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	0.76	+1.29

Correlation

The correlation between CULAX and TMPFX is 0.01, 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. TMPFX - Dividend Comparison

CULAX's dividend yield for the trailing twelve months is around 3.64%, less than TMPFX's 3.78% 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%
TMPFX Tactical Multi-Purpose Fund	3.78%	3.81%	4.15%	3.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CULAX vs. TMPFX - Drawdown Comparison

The maximum CULAX drawdown since its inception was -7.40%, which is greater than TMPFX's maximum drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for CULAX and TMPFX.

Drawdown Indicators

	CULAX	TMPFX	Difference
Max Drawdown Largest peak-to-trough decline	-7.40%	-3.52%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	0.00%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-2.19%	-3.52%	+1.33%
Max Drawdown (10Y) Largest decline over 10 years	-7.40%	—	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.66%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	0.00%	+0.09%

Volatility

CULAX vs. TMPFX - Volatility Comparison

Calvert Ultra-Short Duration Income Fund (CULAX) and Tactical Multi-Purpose Fund (TMPFX) have volatilities of 0.17% and 0.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CULAX	TMPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.17%	0.17%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	0.37%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	0.55%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.32%	2.33%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.41%	1.83%	-0.42%