KOMP vs. CVMIX

Last updated Jun 4, 2026

KOMP (SPDR S&P Kensho New Economies Composite ETF) and CVMIX (Calvert Emerging Markets Equity Fund) are both funds - KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index, while CVMIX is a Emerging Markets Diversified fund managed by Calvert Research and Management. Over the past 5 years, KOMP returned 3.36%/yr vs 7.26%/yr for CVMIX. A 0.70 correlation means they provide meaningful diversification when combined. KOMP charges 0.20%/yr vs 0.99%/yr for CVMIX.

Performance

KOMP vs. CVMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho New Economies Composite ETF (KOMP) and Calvert Emerging Markets Equity Fund (CVMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOMP achieves a 23.59% return, which is significantly lower than CVMIX's 36.06% return.

KOMP

• 1D: -2.06%
• 1M: 11.27%
• YTD: 23.59%
• 6M: 21.48%
• 1Y: 46.75%
• 3Y*: 21.79%
• 5Y*: 3.36%
• 10Y*: —

CVMIX

• 1D: 1.29%
• 1M: 13.03%
• YTD: 36.06%
• 6M: 39.70%
• 1Y: 67.68%
• 3Y*: 26.24%
• 5Y*: 7.26%
• 10Y*: 11.35%

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

KOMP vs. CVMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KOMP SPDR S&P Kensho New Economies Composite ETF	23.59%	19.74%	10.05%	20.09%	-32.21%	3.67%	61.28%	37.12%	-10.32%
CVMIX Calvert Emerging Markets Equity Fund	36.06%	36.77%	6.37%	4.74%	-22.57%	-7.43%	24.88%	22.65%	0.93%

Correlation

The correlation between KOMP and CVMIX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.70

The correlation between KOMP and CVMIX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

KOMP vs. CVMIX — Risk / Return Rank

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

KOMP

KOMP Risk / Return Rank: 57
KOMP Sharpe Ratio Rank: 59
KOMP Sortino Ratio Rank: 55
KOMP Omega Ratio Rank: 53
KOMP Calmar Ratio Rank: 61
KOMP Martin Ratio Rank: 56

CVMIX

CVMIX Risk / Return Rank: 90
CVMIX Sharpe Ratio Rank: 95
CVMIX Sortino Ratio Rank: 87
CVMIX Omega Ratio Rank: 88
CVMIX Calmar Ratio Rank: 89
CVMIX Martin Ratio Rank: 91

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.

KOMP vs. CVMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) and Calvert Emerging Markets Equity Fund (CVMIX). 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.

	KOMP	CVMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	3.36	-1.33
Sortino ratio: Return per unit of downside risk	2.67	4.13	-1.46
Omega ratio: Gain probability vs. loss probability	1.33	1.62	-0.29
Calmar ratio: Return relative to maximum drawdown	3.03	4.52	-1.49
Martin ratio: Return relative to average drawdown	9.86	19.06	-9.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KOMP vs. CVMIX - Sharpe Ratio Comparison

The current KOMP Sharpe Ratio is 2.03, which is lower than the CVMIX Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of KOMP and CVMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KOMP	CVMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	3.36	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.39	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.49	+0.03

Drawdowns

KOMP vs. CVMIX - Drawdown Comparison

The maximum KOMP drawdown since its inception was -50.06%, which is greater than CVMIX's maximum drawdown of -43.96%. Use the drawdown chart below to compare losses from any high point for KOMP and CVMIX.

Drawdown Indicators

	KOMP	CVMIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-43.96%	-6.10%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-14.95%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-17.48%	-7.45%
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	-40.71%	-4.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.96%	—
Current Drawdown Current decline from peak	-2.06%	0.00%	-2.06%
Average Drawdown Average peak-to-trough decline	-21.69%	-14.22%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	3.54%	+1.21%

Volatility

KOMP vs. CVMIX - Volatility Comparison

The current volatility for SPDR S&P Kensho New Economies Composite ETF (KOMP) is 7.43%, while Calvert Emerging Markets Equity Fund (CVMIX) has a volatility of 8.99%. This indicates that KOMP experiences smaller price fluctuations and is considered to be less risky than CVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOMP	CVMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	8.99%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	17.59%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.15%	20.13%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.78%	18.48%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.02%	18.47%	+8.55%

KOMP vs. CVMIX - Expense Ratio Comparison

KOMP has a 0.20% expense ratio, which is lower than CVMIX's 0.99% expense ratio.

Dividends

KOMP vs. CVMIX - Dividend Comparison

KOMP's dividend yield for the trailing twelve months is around 1.43%, less than CVMIX's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVMIX Calvert Emerging Markets Equity Fund	1.66%	2.26%	0.63%	0.92%	0.79%	0.76%	0.41%	0.68%	1.24%	0.27%	0.84%	1.26%
KOMP SPDR S&P Kensho New Economies Composite ETF	1.43%	1.84%	1.04%	1.27%	1.47%	1.44%	0.69%	0.81%	0.13%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KOMP and CVMIX in my portfolio?

KOMP and CVMIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOMP or CVMIX?

CVMIX has higher volatility (8.99%) compared to KOMP (7.43%). In terms of maximum drawdown, KOMP dropped -50.06% vs CVMIX's -43.96%.

Which has better risk-adjusted returns?

CVMIX currently has the higher Sharpe Ratio (3.36 vs 2.03), 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.