MPGVX vs. CAEIX

Last updated Aug 4, 2026

MPGVX (Mondrian Global Equity Value Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 5 years, MPGVX returned 9.99%/yr vs 3.84%/yr for CAEIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MPGVX charges 0.74%/yr vs 0.99%/yr for CAEIX.

Performance

MPGVX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mondrian Global Equity Value Fund (MPGVX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPGVX achieves a 9.63% return, which is significantly lower than CAEIX's 11.37% return.

MPGVX

• 1D: 0.40%
• 1M: 4.16%
• 6M: 5.21%
• YTD: 9.63%
• 1Y: 21.45%
• 3Y*: 15.77%
• 5Y*: 9.99%
• 10Y*: —
• ALL TIME*: 13.02%

CAEIX

• 1D: -0.13%
• 1M: -2.99%
• 6M: 4.43%
• YTD: 11.37%
• 1Y: 25.28%
• 3Y*: 8.88%
• 5Y*: 3.84%
• 10Y*: 10.96%
• ALL TIME*: 1.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAEIX Calvert Global Energy Solutions Fund	$0.00	$0.00	$0.00
MPGVX Mondrian Global Equity Value Fund	$0.00	$0.00	$0.00

MPGVX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MPGVX Mondrian Global Equity Value Fund	9.63%	28.63%	2.87%	22.43%	-9.49%	10.90%	18.10%
CAEIX Calvert Global Energy Solutions Fund	11.37%	32.61%	-7.13%	5.67%	-17.43%	6.73%	66.76%

Correlation

The correlation between MPGVX and CAEIX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.78

The correlation between MPGVX and CAEIX shifts across timeframes, from 0.65 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MPGVX vs. CAEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MPGVX

MPGVX Risk / Return Rank: 63
MPGVX Sharpe Ratio Rank: 73
MPGVX Sortino Ratio Rank: 72
MPGVX Omega Ratio Rank: 69
MPGVX Calmar Ratio Rank: 50
MPGVX Martin Ratio Rank: 50

CAEIX

CAEIX Risk / Return Rank: 44
CAEIX Sharpe Ratio Rank: 45
CAEIX Sortino Ratio Rank: 42
CAEIX Omega Ratio Rank: 41
CAEIX Calmar Ratio Rank: 53
CAEIX Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MPGVX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondrian Global Equity Value Fund (MPGVX) 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.

	MPGVX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.38	+0.40
Sortino ratio: Return per unit of downside risk	2.53	1.92	+0.61
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	2.03	2.06	-0.03
Martin ratio: Return relative to average drawdown	7.51	6.54	+0.96

MPGVX vs. CAEIX - Sharpe Ratio Comparison

The current MPGVX Sharpe Ratio is 1.78, which is comparable to the CAEIX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of MPGVX and CAEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPGVX vs. CAEIX - Drawdown Comparison

The maximum MPGVX drawdown since its inception was -22.83%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for MPGVX and CAEIX.

Drawdown Indicators

	MPGVX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.83%	-75.81%	+52.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.43%	-11.97%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-22.01%	+5.68%
Max Drawdown (5Y) Largest decline over 5 years	-22.83%	-32.58%	+9.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.54%	—
Current Drawdown Current decline from peak	0.00%	-9.53%	+9.53%
Average Drawdown Average peak-to-trough decline	-4.05%	-48.27%	+44.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.77%	-0.96%

Volatility

MPGVX vs. CAEIX - Volatility Comparison

The current volatility for Mondrian Global Equity Value Fund (MPGVX) is 2.99%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.20%. This indicates that MPGVX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPGVX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	5.20%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	14.74%	-5.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	17.87%	-5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	19.41%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.43%	19.56%	-6.13%

MPGVX vs. CAEIX - Expense Ratio Comparison

MPGVX has a 0.74% expense ratio, which is lower than CAEIX's 0.99% expense ratio.

Dividends

MPGVX vs. CAEIX - Dividend Comparison

MPGVX's dividend yield for the trailing twelve months is around 7.65%, 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%
MPGVX Mondrian Global Equity Value Fund	7.65%	8.38%	1.53%	1.80%	2.53%	1.54%	1.61%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPGVX and CAEIX in my portfolio?

MPGVX and CAEIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPGVX or CAEIX?

CAEIX has higher volatility (5.20%) compared to MPGVX (2.99%). In terms of maximum drawdown, MPGVX dropped -22.83% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

MPGVX currently has the higher Sharpe Ratio (1.78 vs 1.38), 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.