CVMC vs. CVSB
CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and CVSB (Calvert Ultra-Short Investment Grade ETF) are both exchange-traded funds - CVMC is a Mid Cap Blend Equities fund tracking the Russell Midcap Index, while CVSB is a Ultrashort Bond fund actively managed by Calvert. CVMC is passively managed, while CVSB is actively managed. Over the past 3 years, CVMC returned 15.97%/yr vs 5.38%/yr for CVSB. Their 0.06 correlation means their historical movements had little consistent relationship. CVMC charges 0.15%/yr vs 0.24%/yr for CVSB.
Performance
CVMC vs. CVSB - Performance Comparison
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Returns By Period
In the year-to-date period, CVMC achieves a 20.24% return, which is significantly higher than CVSB's 2.14% return.
CVMC
- 1D
- 1.14%
- 1M
- 0.45%
- 6M
- 15.46%
- YTD
- 20.24%
- 1Y
- 27.43%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.82%
CVSB
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.78%
- YTD
- 2.14%
- 1Y
- 4.25%
- 3Y*
- 5.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $233.55K | $229.94K | $243.24K | |
| $2.53M | $2.95M | $1.94M |
CVMC vs. CVSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 20.24% | 9.52% | 12.57% | 6.14% |
CVSB Calvert Ultra-Short Investment Grade ETF | 2.14% | 4.92% | 6.23% | 5.45% |
Correlation
The correlation between CVMC and CVSB is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.06 |
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Return for Risk
CVMC vs. CVSB — Risk / Return Rank
CVMC
CVSB
CVMC vs. CVSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and Calvert Ultra-Short Investment Grade ETF (CVSB). 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.
| CVMC | CVSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.34 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 2.44 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 18.82 | -15.87 |
| Martin ratioReturn relative to average drawdown | 11.93 | 79.10 | -67.17 |
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Drawdowns
CVMC vs. CVSB - Drawdown Comparison
The maximum CVMC drawdown since its inception was -22.53%, which is greater than CVSB's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for CVMC and CVSB.
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Drawdown Indicators
| CVMC | CVSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -0.63% | -21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -0.23% | -9.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.53% | -0.63% | -21.90% |
Current DrawdownCurrent decline from peak | -0.29% | -0.01% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -0.05% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.05% | +2.26% |
Volatility
CVMC vs. CVSB - Volatility Comparison
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 3.32% compared to Calvert Ultra-Short Investment Grade ETF (CVSB) at 0.20%. This indicates that CVMC's price experiences larger fluctuations and is considered to be riskier than CVSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVMC | CVSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 0.20% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 0.56% | +10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 0.82% | +13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 1.30% | +15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 1.30% | +15.07% |
CVMC vs. CVSB - Expense Ratio Comparison
CVMC has a 0.15% expense ratio, which is lower than CVSB'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
CVMC vs. CVSB - Dividend Comparison
CVMC's dividend yield for the trailing twelve months is around 1.17%, less than CVSB's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 1.17% | 1.39% | 1.21% | 1.00% |
CVSB Calvert Ultra-Short Investment Grade ETF | 4.28% | 4.72% | 5.13% | 4.95% |
Frequently Asked Questions
CVMC and CVSB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVMC has higher volatility (3.32%) compared to CVSB (0.20%). In terms of maximum drawdown, CVMC dropped -22.53% vs CVSB's -0.63%.
On 3-year performance, CVMC leads with 15.97% vs 5.38% for CVSB. On fees, CVMC is cheaper at 0.15% per year. On volatility, CVSB has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CVMC has performed better with a 15.97% return vs 5.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CVMC is cheaper with a 0.15% expense ratio, compared with 0.24% for CVSB.
CVSB has the higher dividend yield at 4.28%, compared with 1.17% for CVMC.
CVMC is categorized as Mid Cap Blend Equities, while CVSB is Ultrashort Bond. Their fees differ too: 0.15% for CVMC and 0.24% for CVSB.
CVSB currently has the higher Sharpe Ratio (5.20 vs 1.92), 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.
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