CVLC vs. EBI

Last updated Jun 24, 2026

CVLC (Calvert US Large-Cap Core Responsible Index ETF) and EBI (Longview Advantage ETF) are both Large Cap Blend Equities funds. CVLC is passively managed, while EBI is actively managed. Over the past year, CVLC returned 26.31% vs 30.46% for EBI. Their correlation of 0.93 suggests significant overlap in exposure. CVLC charges 0.15%/yr vs 0.24%/yr for EBI.

Performance

CVLC vs. EBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Longview Advantage ETF (EBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVLC achieves a 10.46% return, which is significantly lower than EBI's 13.70% return.

CVLC

• 1D: -1.42%
• 1M: 0.19%
• YTD: 10.46%
• 6M: 9.54%
• 1Y: 26.31%
• 3Y*: 20.91%
• 5Y*: —
• 10Y*: —

EBI

• 1D: -0.96%
• 1M: 0.90%
• YTD: 13.70%
• 6M: 12.56%
• 1Y: 30.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVLC vs. EBI - Yearly Performance Comparison

	2026 (YTD)	2025
CVLC Calvert US Large-Cap Core Responsible Index ETF	10.46%	15.34%
EBI Longview Advantage ETF	13.70%	15.82%

Correlation

The correlation between CVLC and EBI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.93

The correlation between CVLC and EBI has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

CVLC vs. EBI — Risk / Return Rank

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

CVLC

CVLC Risk / Return Rank: 66
CVLC Sharpe Ratio Rank: 67
CVLC Sortino Ratio Rank: 65
CVLC Omega Ratio Rank: 64
CVLC Calmar Ratio Rank: 60
CVLC Martin Ratio Rank: 71

EBI

EBI Risk / Return Rank: 84
EBI Sharpe Ratio Rank: 84
EBI Sortino Ratio Rank: 84
EBI Omega Ratio Rank: 81
EBI Calmar Ratio Rank: 85
EBI Martin Ratio Rank: 88

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.

CVLC vs. EBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Longview Advantage ETF (EBI). 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.

	CVLC	EBI	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.46	-0.44
Sortino ratio: Return per unit of downside risk	2.79	3.37	-0.57
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.75	4.32	-1.57
Martin ratio: Return relative to average drawdown	12.34	17.50	-5.16

CVLC vs. EBI - Sharpe Ratio Comparison

The current CVLC Sharpe Ratio is 2.02, which is comparable to the EBI Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of CVLC and EBI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVLC vs. EBI - Drawdown Comparison

The maximum CVLC drawdown since its inception was -19.92%, which is greater than EBI's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for CVLC and EBI.

Drawdown Indicators

	CVLC	EBI	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-17.05%	-2.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-7.09%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	—	—
Current Drawdown Current decline from peak	-2.40%	-1.43%	-0.97%
Average Drawdown Average peak-to-trough decline	-2.40%	-2.03%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.75%	+0.39%

Volatility

CVLC vs. EBI - Volatility Comparison

Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.97% compared to Longview Advantage ETF (EBI) at 4.03%. This indicates that CVLC's price experiences larger fluctuations and is considered to be riskier than EBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLC	EBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	4.03%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	9.27%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	12.49%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	17.88%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	17.88%	-2.23%

CVLC vs. EBI - Expense Ratio Comparison

CVLC has a 0.15% expense ratio, which is lower than EBI's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CVLC vs. EBI - Dividend Comparison

CVLC's dividend yield for the trailing twelve months is around 0.93%, more than EBI's 0.92% yield.

Position	TTM	2025	2024	2023
CVLC Calvert US Large-Cap Core Responsible Index ETF	0.93%	1.02%	1.03%	0.91%
EBI Longview Advantage ETF	0.92%	1.05%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVLC and EBI in my portfolio?

With a correlation of 0.90, CVLC and EBI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CVLC or EBI?

CVLC has higher volatility (4.97%) compared to EBI (4.03%). In terms of maximum drawdown, CVLC dropped -19.92% vs EBI's -17.05%.

Which ETF is better, CVLC or EBI?

On 1-year performance, EBI leads with 30.46% vs 26.31% for CVLC. On fees, CVLC is cheaper at 0.15% per year. On volatility, EBI has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVLC or EBI?

Over the 1-year period, EBI has performed better with a 30.46% return vs 26.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVLC or EBI?

CVLC is cheaper with a 0.15% expense ratio, compared with 0.24% for EBI.

Which ETF pays a higher dividend yield, CVLC or EBI?

CVLC and EBI have nearly identical dividend yields, around 0.93%.

What is the main difference between CVLC and EBI?

They also come from different issuers: Calvert and Longview. Their fees differ too: 0.15% for CVLC and 0.24% for EBI.

Which has better risk-adjusted returns?

EBI currently has the higher Sharpe Ratio (2.46 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.