SBASX vs. CMCIX

Last updated Jun 3, 2026

SBASX (Segall Bryant & Hamill Small Cap Core Fund) and CMCIX (Calvert Small/Mid-Cap Fund Class I) are both Small Cap Growth Equities funds. Over the past year, SBASX returned 26.26% vs 0.07% for CMCIX. Their correlation of 0.92 suggests significant overlap in exposure. SBASX charges 0.99%/yr vs 1.26%/yr for CMCIX.

Performance

SBASX vs. CMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Small Cap Core Fund (SBASX) 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, SBASX achieves a 13.18% return, which is significantly higher than CMCIX's 1.72% return.

SBASX

• 1D: -0.14%
• 1M: 0.93%
• YTD: 13.18%
• 6M: 12.49%
• 1Y: 26.26%
• 3Y*: 13.85%
• 5Y*: 6.96%
• 10Y*: —

CMCIX

• 1D: -0.60%
• 1M: -0.96%
• YTD: 1.72%
• 6M: 1.56%
• 1Y: 0.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBASX vs. CMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SBASX Segall Bryant & Hamill Small Cap Core Fund	13.18%	3.95%	11.89%	9.60%
CMCIX Calvert Small/Mid-Cap Fund Class I	1.72%	-5.28%	10.46%	7.81%

Correlation

The correlation between SBASX and CMCIX is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.92

The correlation between SBASX and CMCIX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

SBASX vs. CMCIX — Risk / Return Rank

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

SBASX

SBASX Risk / Return Rank: 29
SBASX Sharpe Ratio Rank: 25
SBASX Sortino Ratio Rank: 27
SBASX Omega Ratio Rank: 23
SBASX Calmar Ratio Rank: 33
SBASX Martin Ratio Rank: 35

CMCIX

CMCIX Risk / Return Rank: 2
CMCIX Sharpe Ratio Rank: 2
CMCIX Sortino Ratio Rank: 3
CMCIX Omega Ratio Rank: 2
CMCIX Calmar Ratio Rank: 2
CMCIX Martin Ratio Rank: 2

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.

SBASX vs. CMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Small Cap Core Fund (SBASX) 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.

	SBASX	CMCIX	Difference
Sharpe ratio Return per unit of total volatility	1.45	-0.02	+1.47
Sortino ratio Return per unit of downside risk	2.18	0.08	+2.10
Omega ratio Gain probability vs. loss probability	1.25	1.01	+0.25
Calmar ratio Return relative to maximum drawdown	2.20	-0.04	+2.24
Martin ratio Return relative to average drawdown	7.99	-0.09	+8.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBASX vs. CMCIX - Sharpe Ratio Comparison

The current SBASX Sharpe Ratio is 1.45, which is higher than the CMCIX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of SBASX 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.

Sharpe Ratios by Period

	SBASX	CMCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	-0.02	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.32	+0.19

Drawdowns

SBASX vs. CMCIX - Drawdown Comparison

The maximum SBASX drawdown since its inception was -34.34%, which is greater than CMCIX's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for SBASX and CMCIX.

Drawdown Indicators

	SBASX	CMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.34%	-21.50%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-11.68%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.56%	—	—
Current Drawdown Current decline from peak	-1.05%	-10.79%	+9.74%
Average Drawdown Average peak-to-trough decline	-8.28%	-6.44%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	4.98%	-1.83%

Volatility

SBASX vs. CMCIX - Volatility Comparison

Segall Bryant & Hamill Small Cap Core Fund (SBASX) has a higher volatility of 5.10% compared to Calvert Small/Mid-Cap Fund Class I (CMCIX) at 3.89%. This indicates that SBASX'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

	SBASX	CMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	3.89%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	10.55%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	15.16%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	16.55%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.23%	16.55%	+5.68%

SBASX vs. CMCIX - Expense Ratio Comparison

SBASX has a 0.99% expense ratio, which is lower than CMCIX's 1.26% expense ratio.

Dividends

SBASX vs. CMCIX - Dividend Comparison

SBASX's dividend yield for the trailing twelve months is around 4.93%, more than CMCIX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021
CMCIX Calvert Small/Mid-Cap Fund Class I	4.18%	4.25%	7.13%	0.60%	0.00%	0.00%
SBASX Segall Bryant & Hamill Small Cap Core Fund	4.93%	5.58%	5.48%	3.65%	2.10%	18.57%

Frequently Asked Questions

Can I hold both SBASX and CMCIX in my portfolio?

With a correlation of 0.91, SBASX and CMCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SBASX or CMCIX?

SBASX has higher volatility (5.10%) compared to CMCIX (3.89%). In terms of maximum drawdown, SBASX dropped -34.34% vs CMCIX's -21.50%.

Which has better risk-adjusted returns?

SBASX currently has the higher Sharpe Ratio (1.45 vs -0.02), 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.