CVMC vs. SDG
CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and SDG (iShares MSCI Global Sustainable Development Goals ETF) are both exchange-traded funds - CVMC is a Mid Cap Blend Equities fund tracking the Russell Midcap Index, while SDG is a Global Equities fund tracking the MSCI ACWI Sustainable Development Index. Both are passively managed. Over the past 3 years, CVMC returned 16.51%/yr vs 7.07%/yr for SDG. A 0.67 correlation means they provide meaningful diversification when combined. CVMC charges 0.15%/yr vs 0.50%/yr for SDG.
Performance
CVMC vs. SDG - Performance Comparison
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Returns By Period
In the year-to-date period, CVMC achieves a 17.15% return, which is significantly higher than SDG's 7.33% return.
CVMC
- 1D
- 0.05%
- 1M
- 4.77%
- YTD
- 17.15%
- 6M
- 15.44%
- 1Y
- 28.32%
- 3Y*
- 16.51%
- 5Y*
- —
- 10Y*
- —
SDG
- 1D
- 0.08%
- 1M
- -0.84%
- YTD
- 7.33%
- 6M
- 7.12%
- 1Y
- 23.73%
- 3Y*
- 7.07%
- 5Y*
- 0.09%
- 10Y*
- 8.80%
CVMC vs. SDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 17.15% | 9.52% | 12.57% | 6.14% |
SDG iShares MSCI Global Sustainable Development Goals ETF | 7.33% | 20.19% | -10.09% | -0.55% |
Correlation
The correlation between CVMC and SDG is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.67 |
The correlation between CVMC and SDG has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
CVMC vs. SDG — Risk / Return Rank
CVMC
SDG
CVMC vs. SDG - 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 iShares MSCI Global Sustainable Development Goals ETF (SDG). 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 | SDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.75 | +0.30 |
| Martin ratioReturn relative to average drawdown | 12.18 | 9.88 | +2.31 |
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Drawdowns
CVMC vs. SDG - Drawdown Comparison
The maximum CVMC drawdown since its inception was -22.53%, smaller than the maximum SDG drawdown of -30.35%. Use the drawdown chart below to compare losses from any high point for CVMC and SDG.
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Drawdown Indicators
| CVMC | SDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -30.35% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -8.68% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.53% | -22.92% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.35% | — |
Current DrawdownCurrent decline from peak | -0.48% | -2.95% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -9.63% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.41% | -0.08% |
Volatility
CVMC vs. SDG - Volatility Comparison
The current volatility for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is 5.05%, while iShares MSCI Global Sustainable Development Goals ETF (SDG) has a volatility of 5.68%. This indicates that CVMC experiences smaller price fluctuations and is considered to be less risky than SDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVMC | SDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.68% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 11.87% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.48% | 14.92% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 15.76% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 16.71% | -0.16% |
CVMC vs. SDG - Expense Ratio Comparison
CVMC has a 0.15% expense ratio, which is lower than SDG's 0.50% expense ratio.
Dividends
CVMC vs. SDG - Dividend Comparison
CVMC's dividend yield for the trailing twelve months is around 1.45%, less than SDG's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 1.20% | 1.39% | 1.21% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDG iShares MSCI Global Sustainable Development Goals ETF | 1.69% | 2.00% | 1.95% | 1.77% | 1.82% | 1.66% | 0.97% | 1.39% | 2.47% | 2.54% | 1.34% |
Frequently Asked Questions
CVMC and SDG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDG has higher volatility (5.68%) compared to CVMC (5.05%). In terms of maximum drawdown, CVMC dropped -22.53% vs SDG's -30.35%.
On 3-year performance, CVMC leads with 16.51% vs 7.07% for SDG. On fees, CVMC is cheaper at 0.15% per year. On volatility, CVMC has been the lower-risk option at 5.05%. 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 16.51% return vs 7.07%. 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 0.50% for SDG.
SDG has the higher dividend yield at 1.69%, compared with 1.45% for CVMC.
CVMC is categorized as Mid Cap Blend Equities, while SDG is Global Equities. CVMC tracks Russell Midcap Index, while SDG tracks MSCI ACWI Sustainable Development Index. They also come from different issuers: Calvert and iShares. Their fees differ too: 0.15% for CVMC and 0.50% for SDG.
CVMC currently has the higher Sharpe Ratio (1.97 vs 1.60), 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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