SMARX vs. CFICX
Compare and contrast key facts about Brandes Separately Managed Account Reserve Trust (SMARX) and Calvert Income Fund (CFICX).
SMARX is managed by BlackRock. It was launched on Oct 3, 2005. CFICX is managed by Calvert Research and Management. It was launched on Oct 12, 1982.
Performance
SMARX vs. CFICX - Performance Comparison
Loading graphics...
SMARX vs. CFICX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | -0.18% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
CFICX Calvert Income Fund | -0.73% | 8.94% | 4.11% | 7.61% | -16.07% | 1.71% | 8.26% | 14.75% | -3.36% | 6.57% |
Returns By Period
In the year-to-date period, SMARX achieves a -0.18% return, which is significantly higher than CFICX's -0.73% return. Over the past 10 years, SMARX has outperformed CFICX with an annualized return of 3.35%, while CFICX has yielded a comparatively lower 3.10% annualized return.
SMARX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.18%
- 6M
- 0.37%
- 1Y
- 3.86%
- 3Y*
- 5.23%
- 5Y*
- 1.94%
- 10Y*
- 3.35%
CFICX
- 1D
- 0.26%
- 1M
- -1.87%
- YTD
- -0.73%
- 6M
- 0.19%
- 1Y
- 5.26%
- 3Y*
- 5.35%
- 5Y*
- 1.04%
- 10Y*
- 3.10%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMARX vs. CFICX - Expense Ratio Comparison
SMARX has a 0.00% expense ratio, which is lower than CFICX's 0.92% expense ratio.
Return for Risk
SMARX vs. CFICX — Risk / Return Rank
SMARX
CFICX
SMARX vs. CFICX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Separately Managed Account Reserve Trust (SMARX) and Calvert Income Fund (CFICX). 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.
| SMARX | CFICX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.42 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.05 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.96 | -0.18 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.45 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMARX | CFICX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.42 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.19 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.60 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.00 | -0.60 |
Correlation
The correlation between SMARX and CFICX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMARX vs. CFICX - Dividend Comparison
SMARX's dividend yield for the trailing twelve months is around 4.70%, more than CFICX's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | 4.70% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
CFICX Calvert Income Fund | 4.50% | 4.86% | 4.91% | 4.05% | 3.22% | 2.70% | 2.96% | 3.25% | 3.60% | 2.96% | 3.23% | 2.87% |
Drawdowns
SMARX vs. CFICX - Drawdown Comparison
The maximum SMARX drawdown since its inception was -47.07%, which is greater than CFICX's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for SMARX and CFICX.
Loading graphics...
Drawdown Indicators
| SMARX | CFICX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -21.28% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -3.08% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -21.28% | +5.08% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -21.28% | +5.08% |
Current DrawdownCurrent decline from peak | -1.86% | -2.37% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -3.47% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.81% | +0.02% |
Volatility
SMARX vs. CFICX - Volatility Comparison
Brandes Separately Managed Account Reserve Trust (SMARX) has a higher volatility of 1.66% compared to Calvert Income Fund (CFICX) at 1.51%. This indicates that SMARX's price experiences larger fluctuations and is considered to be riskier than CFICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SMARX | CFICX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.51% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 2.36% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.94% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 5.61% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 5.21% | -0.84% |