MAEGX vs. CAEIX
MAEGX (BlackRock Unconstrained Equity Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, MAEGX returned 12.48%/yr vs 10.87%/yr for CAEIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. MAEGX charges 0.95%/yr vs 0.99%/yr for CAEIX.
Performance
MAEGX vs. CAEIX - Performance Comparison
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Returns By Period
In the year-to-date period, MAEGX achieves a 13.36% return, which is significantly higher than CAEIX's 11.52% return. Over the past 10 years, MAEGX has outperformed CAEIX with an annualized return of 12.48%, while CAEIX has yielded a comparatively lower 10.87% annualized return.
MAEGX
- 1D
- 2.38%
- 1M
- -3.48%
- 6M
- 10.41%
- YTD
- 13.36%
- 1Y
- 16.70%
- 3Y*
- 13.20%
- 5Y*
- 8.73%
- 10Y*
- 12.48%
- ALL TIME*
- 9.58%
CAEIX
- 1D
- 2.90%
- 1M
- -2.87%
- 6M
- 4.77%
- YTD
- 11.52%
- 1Y
- 25.44%
- 3Y*
- 8.41%
- 5Y*
- 3.86%
- 10Y*
- 10.87%
- ALL TIME*
- 1.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MAEGX vs. CAEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEGX BlackRock Unconstrained Equity Fund | 13.36% | 12.30% | 7.62% | 33.37% | -20.23% | 20.72% | 21.90% | 32.76% | -4.54% | 24.80% |
CAEIX Calvert Global Energy Solutions Fund | 11.52% | 32.61% | -7.13% | 5.67% | -17.43% | 6.73% | 61.52% | 33.48% | -19.26% | 29.65% |
Correlation
The correlation between MAEGX and CAEIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.79 |
The correlation between MAEGX and CAEIX has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
MAEGX vs. CAEIX — Risk / Return Rank
MAEGX
CAEIX
MAEGX vs. CAEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) 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.
| MAEGX | CAEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.03 | -0.85 |
| Martin ratioReturn relative to average drawdown | 4.58 | 6.51 | -1.93 |
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Drawdowns
MAEGX vs. CAEIX - Drawdown Comparison
The maximum MAEGX drawdown since its inception was -48.71%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for MAEGX and CAEIX.
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Drawdown Indicators
| MAEGX | CAEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -75.81% | +27.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -11.97% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -22.01% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -32.58% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -37.54% | +5.61% |
Current DrawdownCurrent decline from peak | -5.38% | -9.41% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -48.28% | +40.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.72% | -0.46% |
Volatility
MAEGX vs. CAEIX - Volatility Comparison
BlackRock Unconstrained Equity Fund (MAEGX) has a higher volatility of 6.32% compared to Calvert Global Energy Solutions Fund (CAEIX) at 5.40%. This indicates that MAEGX's price experiences larger fluctuations and is considered to be riskier than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAEGX | CAEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 5.40% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 14.74% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 17.89% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 19.42% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 19.56% | -0.43% |
MAEGX vs. CAEIX - Expense Ratio Comparison
MAEGX has a 0.95% expense ratio, which is lower than CAEIX's 0.99% expense ratio.
Dividends
MAEGX vs. CAEIX - Dividend Comparison
MAEGX's dividend yield for the trailing twelve months is around 6.34%, more than CAEIX's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEIX Calvert Global Energy Solutions Fund | 0.65% | 0.72% | 1.17% | 1.07% | 0.86% | 0.49% | 0.82% | 1.23% | 2.00% | 1.40% | 1.79% | 0.72% |
MAEGX BlackRock Unconstrained Equity Fund | 6.34% | 0.00% | 0.00% | 0.00% | 18.13% | 22.75% | 10.44% | 12.01% | 8.53% | 4.06% | 0.93% | 8.22% |
Frequently Asked Questions
MAEGX and CAEIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEGX has higher volatility (6.32%) compared to CAEIX (5.40%). In terms of maximum drawdown, MAEGX dropped -48.71% vs CAEIX's -75.81%.
CAEIX currently has the higher Sharpe Ratio (1.36 vs 0.77), 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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