CVLC vs. RBIL

Last updated Jun 24, 2026

CVLC (Calvert US Large-Cap Core Responsible Index ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - CVLC is a Large Cap Blend Equities fund tracking the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, CVLC returned 26.31% vs 4.07% for RBIL. At a correlation of -0.19, they often move in opposite directions. CVLC charges 0.15%/yr vs 0.17%/yr for RBIL.

Performance

CVLC vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 higher than RBIL's 2.32% return.

CVLC

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

RBIL

• 1D: 0.01%
• 1M: -0.19%
• YTD: 2.32%
• 6M: 2.37%
• 1Y: 4.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVLC vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
CVLC Calvert US Large-Cap Core Responsible Index ETF	10.46%	14.75%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.32%	2.85%

Correlation

The correlation between CVLC and RBIL is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.19

Return for Risk

CVLC vs. RBIL — 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

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

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. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.02	4.35	-2.33
Sortino ratio: Return per unit of downside risk	2.79	6.69	-3.90
Omega ratio: Gain probability vs. loss probability	1.36	2.13	-0.77
Calmar ratio: Return relative to maximum drawdown	2.75	7.82	-5.07
Martin ratio: Return relative to average drawdown	12.34	42.95	-30.62

CVLC vs. RBIL - Sharpe Ratio Comparison

The current CVLC Sharpe Ratio is 2.02, which is lower than the RBIL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of CVLC and RBIL, 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. RBIL - Drawdown Comparison

The maximum CVLC drawdown since its inception was -19.92%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for CVLC and RBIL.

Drawdown Indicators

	CVLC	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-0.52%	-19.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-0.52%	-9.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	—	—
Current Drawdown Current decline from peak	-2.40%	-0.50%	-1.90%
Average Drawdown Average peak-to-trough decline	-2.40%	-0.07%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.10%	+2.04%

Volatility

CVLC vs. RBIL - Volatility Comparison

Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.97% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that CVLC's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLC	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	0.36%	+4.61%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	0.85%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	0.95%	+12.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	1.07%	+14.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	1.07%	+14.58%

CVLC vs. RBIL - Expense Ratio Comparison

CVLC has a 0.15% expense ratio, which is lower than RBIL's 0.17% 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. RBIL - Dividend Comparison

CVLC's dividend yield for the trailing twelve months is around 0.93%, less than RBIL's 4.38% yield.

Position	TTM	2025	2024	2023
CVLC Calvert US Large-Cap Core Responsible Index ETF	0.93%	1.02%	1.03%	0.91%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVLC and RBIL in my portfolio?

CVLC and RBIL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVLC or RBIL?

CVLC has higher volatility (4.97%) compared to RBIL (0.36%). In terms of maximum drawdown, CVLC dropped -19.92% vs RBIL's -0.52%.

Which ETF is better, CVLC or RBIL?

On 1-year performance, CVLC leads with 26.31% vs 4.07% for RBIL. On fees, CVLC is cheaper at 0.15% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVLC or RBIL?

Over the 1-year period, CVLC has performed better with a 26.31% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVLC or RBIL?

CVLC is cheaper with a 0.15% expense ratio, compared with 0.17% for RBIL.

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

RBIL has the higher dividend yield at 4.38%, compared with 0.93% for CVLC.

What is the main difference between CVLC and RBIL?

CVLC is categorized as Large Cap Blend Equities, while RBIL is Inflation-Protected Bonds. CVLC tracks Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Calvert and F/m. Their fees differ too: 0.15% for CVLC and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.35 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.