LOPP vs. CVMC

Last updated Jun 4, 2026

LOPP (Gabelli Love Our Planet & People ETF) and CVMC (Calvert US Mid-Cap Core Responsible Index ETF) are both Mid Cap Blend Equities funds. LOPP is actively managed, while CVMC is passively managed. Over the past 3 years, LOPP returned 16.93%/yr vs 16.44%/yr for CVMC. Their correlation of 0.89 suggests significant overlap in exposure. LOPP charges 0.00%/yr vs 0.15%/yr for CVMC.

Performance

LOPP vs. CVMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Love Our Planet & People ETF (LOPP) and Calvert US Mid-Cap Core Responsible Index ETF (CVMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LOPP having a 15.77% return and CVMC slightly lower at 15.51%.

LOPP

• 1D: -0.10%
• 1M: 3.39%
• YTD: 15.77%
• 6M: 17.00%
• 1Y: 33.50%
• 3Y*: 16.93%
• 5Y*: 7.80%
• 10Y*: —

CVMC

• 1D: -0.01%
• 1M: 6.27%
• YTD: 15.51%
• 6M: 15.72%
• 1Y: 25.78%
• 3Y*: 16.44%
• 5Y*: —
• 10Y*: —

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

LOPP vs. CVMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LOPP Gabelli Love Our Planet & People ETF	15.77%	22.61%	9.89%	-1.50%
CVMC Calvert US Mid-Cap Core Responsible Index ETF	15.51%	9.52%	12.57%	4.40%

Correlation

The correlation between LOPP and CVMC is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.89

The correlation between LOPP and CVMC has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

LOPP vs. CVMC - Sectors Allocation Comparison

Sectors	LOPP	CVMC
Industrials	62.6%	20.6%
Utilities	11.2%	6.0%
Financial Services	6.3%	13.1%
Consumer Cyclical	4.0%	10.0%
Energy	3.9%	1.1%
Basic Materials	3.5%	2.6%
Technology	3.2%	20.9%
Real Estate	2.6%	7.1%
Communication Services	1.5%	2.9%
Healthcare	0.8%	10.1%
Consumer Defensive	0.5%	5.5%

Return for Risk

LOPP vs. CVMC — Risk / Return Rank

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

LOPP

LOPP Risk / Return Rank: 64
LOPP Sharpe Ratio Rank: 61
LOPP Sortino Ratio Rank: 62
LOPP Omega Ratio Rank: 58
LOPP Calmar Ratio Rank: 69
LOPP Martin Ratio Rank: 70

CVMC

CVMC Risk / Return Rank: 57
CVMC Sharpe Ratio Rank: 55
CVMC Sortino Ratio Rank: 58
CVMC Omega Ratio Rank: 53
CVMC Calmar Ratio Rank: 57
CVMC Martin Ratio Rank: 62

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.

LOPP vs. CVMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Love Our Planet & People ETF (LOPP) and Calvert US Mid-Cap Core Responsible Index ETF (CVMC). 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.

	LOPP	CVMC	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.86	+0.20
Sortino ratio: Return per unit of downside risk	2.92	2.75	+0.17
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.03
Calmar ratio: Return relative to maximum drawdown	3.45	2.77	+0.68
Martin ratio: Return relative to average drawdown	12.98	11.15	+1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOPP vs. CVMC - Sharpe Ratio Comparison

The current LOPP Sharpe Ratio is 2.07, which is comparable to the CVMC Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LOPP and CVMC, 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

	LOPP	CVMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.86	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.77	-0.21

Drawdowns

LOPP vs. CVMC - Drawdown Comparison

The maximum LOPP drawdown since its inception was -25.28%, which is greater than CVMC's maximum drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for LOPP and CVMC.

Drawdown Indicators

	LOPP	CVMC	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-22.53%	-2.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-9.35%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-22.53%	+2.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	—	—
Current Drawdown Current decline from peak	-0.16%	-0.01%	-0.15%
Average Drawdown Average peak-to-trough decline	-8.25%	-4.18%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.32%	+0.27%

Volatility

LOPP vs. CVMC - Volatility Comparison

Gabelli Love Our Planet & People ETF (LOPP) has a higher volatility of 5.88% compared to Calvert US Mid-Cap Core Responsible Index ETF (CVMC) at 3.95%. This indicates that LOPP's price experiences larger fluctuations and is considered to be riskier than CVMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOPP	CVMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	3.95%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	10.51%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	13.93%	+2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.46%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	16.46%	+1.23%

LOPP vs. CVMC - Expense Ratio Comparison

LOPP has a 0.00% expense ratio, which is lower than CVMC's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LOPP vs. CVMC - Dividend Comparison

LOPP's dividend yield for the trailing twelve months is around 0.72%, less than CVMC's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021
CVMC Calvert US Mid-Cap Core Responsible Index ETF	1.17%	1.39%	1.21%	1.00%	0.00%	0.00%
LOPP Gabelli Love Our Planet & People ETF	0.72%	0.83%	1.88%	2.23%	2.01%	1.25%

Frequently Asked Questions

Can I hold both LOPP and CVMC in my portfolio?

LOPP and CVMC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOPP or CVMC?

LOPP has higher volatility (5.88%) compared to CVMC (3.95%). In terms of maximum drawdown, LOPP dropped -25.28% vs CVMC's -22.53%.

Which ETF is better, LOPP or CVMC?

On 3-year performance, LOPP leads with 16.93% vs 16.44% for CVMC. On fees, LOPP is cheaper at 0.00% per year. On volatility, CVMC has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOPP or CVMC?

Over the 3-year period, LOPP has performed better with a 16.93% return vs 16.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOPP or CVMC?

LOPP is cheaper with a 0.00% expense ratio, compared with 0.15% for CVMC.

Which ETF pays a higher dividend yield, LOPP or CVMC?

CVMC has the higher dividend yield at 1.17%, compared with 0.72% for LOPP.

What is the main difference between LOPP and CVMC?

They also come from different issuers: Gabelli and Calvert. Their fees differ too: 0.00% for LOPP and 0.15% for CVMC.

Which has better risk-adjusted returns?

LOPP currently has the higher Sharpe Ratio (2.07 vs 1.86), 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.