CYBIX vs. CFOIX
CYBIX (Calvert High Yield Bond Fund) and CFOIX (Calvert Floating-Rate Advantage Fund) are both mutual funds - CYBIX is a High Yield Bonds fund managed by Calvert Research and Management, while CFOIX is a Bank Loan fund managed by Calvert Research and Management. Over the past 5 years, CYBIX returned 2.67%/yr vs 4.34%/yr for CFOIX. A 0.53 correlation means they provide meaningful diversification when combined. CYBIX charges 0.76%/yr vs 0.78%/yr for CFOIX.
Performance
CYBIX vs. CFOIX - Performance Comparison
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Returns By Period
In the year-to-date period, CYBIX achieves a 0.97% return, which is significantly higher than CFOIX's 0.15% return.
CYBIX
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 0.85%
- YTD
- 0.97%
- 1Y
- 4.72%
- 3Y*
- 7.04%
- 5Y*
- 2.67%
- 10Y*
- 4.10%
CFOIX
- 1D
- 0.43%
- 1M
- 0.19%
- 6M
- 0.15%
- YTD
- 0.15%
- 1Y
- 2.16%
- 3Y*
- 6.45%
- 5Y*
- 4.34%
- 10Y*
- —
CYBIX vs. CFOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CYBIX Calvert High Yield Bond Fund | 0.97% | 7.73% | 6.70% | 10.02% | -11.50% | 3.66% | 5.46% | 12.82% | -2.22% |
CFOIX Calvert Floating-Rate Advantage Fund | 0.15% | 3.48% | 8.92% | 12.09% | -4.21% | 4.37% | 0.62% | 9.36% | -2.14% |
Correlation
The correlation between CYBIX and CFOIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.53 |
The correlation between CYBIX and CFOIX shifts across timeframes, from 0.35 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CYBIX vs. CFOIX — Risk / Return Rank
CYBIX
CFOIX
CYBIX vs. CFOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert High Yield Bond Fund (CYBIX) and Calvert Floating-Rate Advantage Fund (CFOIX). 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.
| CYBIX | CFOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.58 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.68 | -1.92 |
| Martin ratioReturn relative to average drawdown | 9.42 | 9.16 | +0.27 |
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Drawdowns
CYBIX vs. CFOIX - Drawdown Comparison
The maximum CYBIX drawdown since its inception was -32.13%, which is greater than CFOIX's maximum drawdown of -22.38%. Use the drawdown chart below to compare losses from any high point for CYBIX and CFOIX.
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Drawdown Indicators
| CYBIX | CFOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.13% | -22.38% | -9.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -0.88% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -3.18% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -7.93% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -17.55% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.08% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -1.29% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.36% | +0.12% |
Volatility
CYBIX vs. CFOIX - Volatility Comparison
Calvert High Yield Bond Fund (CYBIX) has a higher volatility of 0.81% compared to Calvert Floating-Rate Advantage Fund (CFOIX) at 0.55%. This indicates that CYBIX's price experiences larger fluctuations and is considered to be riskier than CFOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYBIX | CFOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.55% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.33% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 2.01% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 3.07% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 4.73% | -0.13% |
CYBIX vs. CFOIX - Expense Ratio Comparison
CYBIX has a 0.76% expense ratio, which is lower than CFOIX's 0.78% expense ratio.
Dividends
CYBIX vs. CFOIX - Dividend Comparison
CYBIX's dividend yield for the trailing twelve months is around 5.84%, more than CFOIX's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFOIX Calvert Floating-Rate Advantage Fund | 5.47% | 6.88% | 8.62% | 7.42% | 5.02% | 3.96% | 4.23% | 5.05% | 4.20% | 0.00% | 0.00% | 0.00% |
CYBIX Calvert High Yield Bond Fund | 5.84% | 5.44% | 5.25% | 4.47% | 4.12% | 4.22% | 4.49% | 4.98% | 5.20% | 4.92% | 5.51% | 5.78% |
Frequently Asked Questions
CYBIX and CFOIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CYBIX has higher volatility (0.81%) compared to CFOIX (0.55%). In terms of maximum drawdown, CYBIX dropped -32.13% vs CFOIX's -22.38%.
CFOIX currently has the higher Sharpe Ratio (1.63 vs 1.49), 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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