FDRS vs. CVSE

Last updated Jun 5, 2026

FDRS (Founder-Led ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. FDRS is passively managed, while CVSE is actively managed. FDRS charges 0.49%/yr vs 0.29%/yr for CVSE.

Performance

FDRS vs. CVSE - Performance Comparison

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

Returns By Period

FDRS

• 1D: 1.06%
• 1M: 10.17%
• YTD: 1.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.08%
• 3Y*: 13.49%
• 5Y*: —
• 10Y*: —

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

FDRS vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	1.52%	-1.10%
CVSE Calvert US Select Equity ETF	0.00%	0.00%

Return for Risk

FDRS vs. CVSE — Risk / Return Rank

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

CVSE

CVSE Risk / Return Rank: 47
CVSE Sharpe Ratio Rank: 37
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 68
CVSE Calmar Ratio Rank: 55
CVSE Martin Ratio Rank: 37

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.

FDRS vs. CVSE - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FDRS	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.92	-0.89

Drawdowns

FDRS vs. CVSE - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.64%, which is greater than CVSE's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for FDRS and CVSE.

Drawdown Indicators

	FDRS	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-20.29%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-3.31%	-1.68%	-1.63%
Average Drawdown Average peak-to-trough decline	-9.35%	-2.69%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.43%	—

Volatility

Volatility by Period

	FDRS	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	6.42%	+21.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	13.86%	+14.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.36%	13.86%	+14.50%

FDRS vs. CVSE - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is higher than CVSE's 0.29% expense ratio.

Dividends

FDRS vs. CVSE - Dividend Comparison

FDRS has not paid dividends to shareholders, while CVSE's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
FDRS Founder-Led ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FDRS or CVSE?

On fees, CVSE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or CVSE?

CVSE is cheaper with a 0.29% expense ratio, compared with 0.49% for FDRS.

Which ETF pays a higher dividend yield, FDRS or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.00% for FDRS.

What is the main difference between FDRS and CVSE?

They also come from different issuers: Corgi Strategies and Calvert. Their fees differ too: 0.49% for FDRS and 0.29% for CVSE.