HEOYX vs. CAEIX
HEOYX (Hartford Climate Opportunities Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, HEOYX returned 11.71%/yr vs 11.57%/yr for CAEIX. Their correlation of 0.92 suggests significant overlap in exposure. HEOYX charges 0.79%/yr vs 0.99%/yr for CAEIX.
Performance
HEOYX vs. CAEIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HEOYX having a 18.46% return and CAEIX slightly lower at 17.95%. Both investments have delivered pretty close results over the past 10 years, with HEOYX having a 11.71% annualized return and CAEIX not far behind at 11.57%.
HEOYX
- 1D
- 1.53%
- 1M
- 1.14%
- YTD
- 18.46%
- 6M
- 17.40%
- 1Y
- 32.14%
- 3Y*
- 14.26%
- 5Y*
- 8.06%
- 10Y*
- 11.71%
CAEIX
- 1D
- 1.29%
- 1M
- -1.79%
- YTD
- 17.95%
- 6M
- 17.45%
- 1Y
- 42.22%
- 3Y*
- 11.22%
- 5Y*
- 5.91%
- 10Y*
- 11.57%
HEOYX vs. CAEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEOYX Hartford Climate Opportunities Fund | 18.46% | 18.87% | 6.00% | 11.49% | -18.30% | 14.78% | 41.34% | 33.96% | -17.85% | 21.92% |
CAEIX Calvert Global Energy Solutions Fund | 17.95% | 32.61% | -7.13% | 5.67% | -17.43% | 6.73% | 61.52% | 33.48% | -19.26% | 29.65% |
Correlation
The correlation between HEOYX and CAEIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016 | 0.92 |
The correlation between HEOYX and CAEIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
HEOYX vs. CAEIX — Risk / Return Rank
HEOYX
CAEIX
HEOYX vs. CAEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Climate Opportunities Fund (HEOYX) and Calvert Global Energy Solutions Fund (CAEIX). 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.
| HEOYX | CAEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 5.00 | -1.95 |
| Martin ratioReturn relative to average drawdown | 11.54 | 16.04 | -4.50 |
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Drawdowns
HEOYX vs. CAEIX - Drawdown Comparison
The maximum HEOYX drawdown since its inception was -34.68%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for HEOYX and CAEIX.
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Drawdown Indicators
| HEOYX | CAEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.68% | -75.81% | +41.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -8.39% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -24.57% | +6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.45% | -32.58% | +4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.68% | -37.54% | +2.86% |
Current DrawdownCurrent decline from peak | -2.16% | -4.18% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -48.51% | +42.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.61% | +0.16% |
Volatility
HEOYX vs. CAEIX - Volatility Comparison
Hartford Climate Opportunities Fund (HEOYX) and Calvert Global Energy Solutions Fund (CAEIX) have volatilities of 6.77% and 6.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEOYX | CAEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 6.86% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 13.98% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 17.18% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 19.33% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 19.72% | -1.97% |
HEOYX vs. CAEIX - Expense Ratio Comparison
HEOYX has a 0.79% expense ratio, which is lower than CAEIX's 0.99% expense ratio.
Dividends
HEOYX vs. CAEIX - Dividend Comparison
HEOYX's dividend yield for the trailing twelve months is around 4.93%, more than CAEIX's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEIX Calvert Global Energy Solutions Fund | 0.61% | 0.72% | 1.17% | 1.07% | 0.86% | 0.49% | 0.82% | 1.23% | 2.00% | 1.40% | 1.79% | 0.72% |
HEOYX Hartford Climate Opportunities Fund | 4.93% | 5.84% | 2.08% | 0.77% | 1.15% | 5.53% | 1.48% | 2.81% | 17.79% | 9.43% | 3.21% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, HEOYX and CAEIX 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.
CAEIX has higher volatility (6.86%) compared to HEOYX (6.77%). In terms of maximum drawdown, HEOYX dropped -34.68% vs CAEIX's -75.81%.
CAEIX currently has the higher Sharpe Ratio (2.44 vs 1.93), 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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