CVSE vs. KAT

Last updated Apr 16, 2026

CVSE (Calvert US Select Equity ETF) and KAT (Scharf ETF) are both Large Cap Blend Equities funds. Both are actively managed. At 0.26, their price movements are largely independent. CVSE charges 0.29%/yr vs 0.75%/yr for KAT.

Performance

CVSE vs. KAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Select Equity ETF (CVSE) and Scharf ETF (KAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 20.50%
• 3Y*: 14.72%
• 5Y*: —
• 10Y*: —

KAT

• 1D: 0.45%
• 1M: 1.52%
• YTD: 1.88%
• 6M: 0.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVSE vs. KAT - Yearly Performance Comparison

	2026 (YTD)	2025
CVSE Calvert US Select Equity ETF	0.00%	1.32%
KAT Scharf ETF	1.88%	1.02%

Correlation

The correlation between CVSE and KAT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.26

Return for Risk

CVSE vs. KAT — Risk / Return Rank

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

CVSE

CVSE Risk / Return Rank: 80
CVSE Sharpe Ratio Rank: 60
CVSE Sortino Ratio Rank: 69
CVSE Omega Ratio Rank: 92
CVSE Calmar Ratio Rank: 92
CVSE 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.

CVSE vs. KAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Select Equity ETF (CVSE) and Scharf ETF (KAT). 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.

	CVSE	KAT	Difference
Sharpe ratio Return per unit of total volatility	2.22	—	—
Sortino ratio Return per unit of downside risk	3.40	—	—
Omega ratio Gain probability vs. loss probability	1.65	—	—
Calmar ratio Return relative to maximum drawdown	6.69	—	—
Martin ratio Return relative to average drawdown	21.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CVSE	KAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.41	+0.53

Drawdowns

CVSE vs. KAT - Drawdown Comparison

The maximum CVSE drawdown since its inception was -20.29%, which is greater than KAT's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for CVSE and KAT.

Drawdown Indicators

	CVSE	KAT	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-9.25%	-11.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	—	—
Current Drawdown Current decline from peak	-1.68%	-3.54%	+1.86%
Average Drawdown Average peak-to-trough decline	-2.73%	-2.84%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	—	—

Volatility

Volatility by Period

	CVSE	KAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	11.09%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	11.09%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	11.09%	+3.07%

CVSE vs. KAT - Expense Ratio Comparison

CVSE has a 0.29% expense ratio, which is lower than KAT's 0.75% expense ratio.

Dividends

CVSE vs. KAT - Dividend Comparison

CVSE's dividend yield for the trailing twelve months is around 0.59%, more than KAT's 0.39% yield.

	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
KAT Scharf ETF	0.39%	0.04%	0.00%	0.00%