CVMC vs. DEUS

Last updated Aug 4, 2026

CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - CVMC tracks the Russell Midcap Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 3 years, CVMC returned 15.97%/yr vs 15.79%/yr for DEUS. Their correlation of 0.95 means they have usually moved in the same direction. CVMC charges 0.15%/yr vs 0.17%/yr for DEUS.

Performance

CVMC vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVMC achieves a 20.24% return, which is significantly higher than DEUS's 15.73% 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%

DEUS

• 1D: 0.53%
• 1M: 1.84%
• 6M: 10.76%
• YTD: 15.73%
• 1Y: 21.67%
• 3Y*: 15.79%
• 5Y*: 10.01%
• 10Y*: 11.41%
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CVMC Calvert US Mid-Cap Core Responsible Index ETF	$233.55K	$229.94K	$243.24K
DEUS Xtrackers Russell US Multifactor ETF	$638.57K	$826.95K	$989.73K

CVMC vs. DEUS - 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%
DEUS Xtrackers Russell US Multifactor ETF	15.73%	10.41%	14.33%	8.61%

Correlation

The correlation between CVMC and DEUS is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.95

The correlation between CVMC and DEUS has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

CVMC vs. DEUS - Sectors Allocation Comparison

Sectors	CVMC	DEUS
Industrials	20.1%	18.7%
Technology	17.3%	10.5%
Financial Services	15.7%	13.8%
Healthcare	12.8%	12.9%
Consumer Cyclical	9.2%	11.1%
Real Estate	7.8%	5.6%
Utilities	5.8%	7.4%
Consumer Defensive	5.2%	7.5%
Basic Materials	3.0%	4.1%
Communication Services	2.8%	3.2%
Energy	0.3%	5.2%

Return for Risk

CVMC vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CVMC

CVMC Risk / Return Rank: 79
CVMC Sharpe Ratio Rank: 78
CVMC Sortino Ratio Rank: 81
CVMC Omega Ratio Rank: 76
CVMC Calmar Ratio Rank: 77
CVMC Martin Ratio Rank: 82

DEUS

DEUS Risk / Return Rank: 82
DEUS Sharpe Ratio Rank: 80
DEUS Sortino Ratio Rank: 84
DEUS Omega Ratio Rank: 78
DEUS Calmar Ratio Rank: 82
DEUS Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CVMC vs. DEUS - 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 Xtrackers Russell US Multifactor ETF (DEUS). 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	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.96	-0.03
Sortino ratio: Return per unit of downside risk	2.80	2.88	-0.08
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.95	3.19	-0.24
Martin ratio: Return relative to average drawdown	11.93	12.26	-0.33

CVMC vs. DEUS - Sharpe Ratio Comparison

The current CVMC Sharpe Ratio is 1.92, which is comparable to the DEUS Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of CVMC and DEUS, 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

CVMC vs. DEUS - Drawdown Comparison

The maximum CVMC drawdown since its inception was -22.53%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for CVMC and DEUS.

Drawdown Indicators

	CVMC	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-40.47%	+17.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.35%	-6.83%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	-16.69%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.47%	—
Current Drawdown Current decline from peak	-0.29%	-1.01%	+0.72%
Average Drawdown Average peak-to-trough decline	-4.03%	-4.28%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.77%	+0.54%

Volatility

CVMC vs. DEUS - Volatility Comparison

Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 3.32% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.05%. This indicates that CVMC's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVMC	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.05%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	8.23%	+2.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	11.14%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	15.49%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	17.95%	-1.58%

CVMC vs. DEUS - Expense Ratio Comparison

CVMC has a 0.15% expense ratio, which is lower than DEUS'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

CVMC vs. DEUS - Dividend Comparison

CVMC's dividend yield for the trailing twelve months is around 1.17%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CVMC Calvert US Mid-Cap Core Responsible Index ETF	1.17%	1.39%	1.21%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%

Frequently Asked Questions

Can I hold both CVMC and DEUS in my portfolio?

With a correlation of 0.90, CVMC and DEUS 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, CVMC or DEUS?

CVMC has higher volatility (3.32%) compared to DEUS (3.05%). In terms of maximum drawdown, CVMC dropped -22.53% vs DEUS's -40.47%.

Which ETF is better, CVMC or DEUS?

On 3-year performance, CVMC leads with 15.97% vs 15.79% for DEUS. On fees, CVMC is cheaper at 0.15% per year. On volatility, DEUS has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVMC or DEUS?

Over the 3-year period, CVMC has performed better with a 15.97% return vs 15.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVMC or DEUS?

CVMC is cheaper with a 0.15% expense ratio, compared with 0.17% for DEUS.

Which ETF pays a higher dividend yield, CVMC or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 1.17% for CVMC.

What is the main difference between CVMC and DEUS?

CVMC tracks Russell Midcap Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Calvert and Xtrackers. Their fees differ too: 0.15% for CVMC and 0.17% for DEUS.

Which has better risk-adjusted returns?

DEUS currently has the higher Sharpe Ratio (1.96 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.