OISGX vs. CMCIX

Last updated Aug 5, 2026

OISGX (Optimum Small-Mid Cap Growth Fund) and CMCIX (Calvert Small/Mid-Cap Fund Class I) are both Small Cap Growth Equities funds. Over the past year, OISGX returned 24.82% vs 8.52% for CMCIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. OISGX charges 1.29%/yr vs 1.26%/yr for CMCIX.

Performance

OISGX vs. CMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimum Small-Mid Cap Growth Fund (OISGX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OISGX achieves a 13.84% return, which is significantly higher than CMCIX's 10.48% return.

OISGX

• 1D: 1.83%
• 1M: -3.36%
• 6M: 10.56%
• YTD: 13.84%
• 1Y: 24.82%
• 3Y*: 13.01%
• 5Y*: 4.18%
• 10Y*: 12.56%
• ALL TIME*: 9.55%

CMCIX

• 1D: 1.35%
• 1M: 1.50%
• 6M: 6.81%
• YTD: 10.48%
• 1Y: 8.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.96%

*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)
CMCIX Calvert Small/Mid-Cap Fund Class I	$0.00	$0.00	$0.00
OISGX Optimum Small-Mid Cap Growth Fund	$0.00	$0.00	$0.00

OISGX vs. CMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OISGX Optimum Small-Mid Cap Growth Fund	13.84%	9.56%	14.23%	4.63%
CMCIX Calvert Small/Mid-Cap Fund Class I	10.48%	-5.28%	10.46%	7.81%

Correlation

The correlation between OISGX and CMCIX is 0.71, 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.	0.71
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.79

The correlation between OISGX and CMCIX has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

OISGX vs. CMCIX — Risk / Return Rank

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

OISGX

OISGX Risk / Return Rank: 34
OISGX Sharpe Ratio Rank: 32
OISGX Sortino Ratio Rank: 33
OISGX Omega Ratio Rank: 30
OISGX Calmar Ratio Rank: 36
OISGX Martin Ratio Rank: 39

CMCIX

CMCIX Risk / Return Rank: 15
CMCIX Sharpe Ratio Rank: 15
CMCIX Sortino Ratio Rank: 17
CMCIX Omega Ratio Rank: 14
CMCIX Calmar Ratio Rank: 15
CMCIX Martin Ratio Rank: 13

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.

OISGX vs. CMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum Small-Mid Cap Growth Fund (OISGX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). 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.

	OISGX	CMCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.63	+0.62
Sortino ratio: Return per unit of downside risk	1.85	1.07	+0.78
Omega ratio: Gain probability vs. loss probability	1.22	1.12	+0.10
Calmar ratio: Return relative to maximum drawdown	1.75	0.83	+0.92
Martin ratio: Return relative to average drawdown	6.33	1.94	+4.40

OISGX vs. CMCIX - Sharpe Ratio Comparison

The current OISGX Sharpe Ratio is 1.25, which is higher than the CMCIX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of OISGX and CMCIX, 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

OISGX vs. CMCIX - Drawdown Comparison

The maximum OISGX drawdown since its inception was -62.75%, which is greater than CMCIX's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for OISGX and CMCIX.

Drawdown Indicators

	OISGX	CMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.75%	-21.50%	-41.25%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-11.68%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-29.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	—	—
Current Drawdown Current decline from peak	-5.83%	-3.11%	-2.72%
Average Drawdown Average peak-to-trough decline	-12.19%	-6.41%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	4.98%	-0.70%

Volatility

OISGX vs. CMCIX - Volatility Comparison

Optimum Small-Mid Cap Growth Fund (OISGX) has a higher volatility of 5.92% compared to Calvert Small/Mid-Cap Fund Class I (CMCIX) at 4.16%. This indicates that OISGX's price experiences larger fluctuations and is considered to be riskier than CMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OISGX	CMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	4.16%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	17.07%	10.81%	+6.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.70%	15.27%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.34%	16.42%	+6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	16.42%	+7.04%

OISGX vs. CMCIX - Expense Ratio Comparison

OISGX has a 1.29% expense ratio, which is higher than CMCIX's 1.26% expense ratio.

Dividends

OISGX vs. CMCIX - Dividend Comparison

OISGX's dividend yield for the trailing twelve months is around 2.33%, less than CMCIX's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMCIX Calvert Small/Mid-Cap Fund Class I	3.85%	4.25%	7.13%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OISGX Optimum Small-Mid Cap Growth Fund	2.33%	2.65%	0.00%	0.00%	8.92%	32.79%	15.04%	9.33%	24.93%	4.21%	0.00%	15.87%

Frequently Asked Questions

Can I hold both OISGX and CMCIX in my portfolio?

OISGX and CMCIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OISGX or CMCIX?

OISGX has higher volatility (5.92%) compared to CMCIX (4.16%). In terms of maximum drawdown, OISGX dropped -62.75% vs CMCIX's -21.50%.

Which has better risk-adjusted returns?

OISGX currently has the higher Sharpe Ratio (1.25 vs 0.63), 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.