SPCT vs. CVSE

Last updated Jun 4, 2026

SPCT (Liberty One Spectrum ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. SPCT charges 0.85%/yr vs 0.29%/yr for CVSE.

Performance

SPCT vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCT

• 1D: -0.49%
• 1M: -0.67%
• YTD: 6.22%
• 6M: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

SPCT vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	6.22%	1.56%
CVSE Calvert US Select Equity ETF	0.00%	-0.46%

Correlation

The correlation between SPCT and CVSE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.15

Return for Risk

SPCT vs. CVSE — Risk / Return Rank

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

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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.

SPCT vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) and Calvert US Select Equity ETF (CVSE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPCT	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.92	+0.36

Drawdowns

SPCT vs. CVSE - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for SPCT and CVSE.

Drawdown Indicators

	SPCT	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-20.29%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-2.50%	-1.68%	-0.82%
Average Drawdown Average peak-to-trough decline	-1.54%	-2.69%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.42%	—

Volatility

Volatility by Period

	SPCT	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	6.49%	+2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.36%	13.87%	-4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	13.87%	-4.51%

SPCT vs. CVSE - Expense Ratio Comparison

SPCT has a 0.85% expense ratio, which is higher than CVSE's 0.29% expense ratio.

Dividends

SPCT vs. CVSE - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.51%, less than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
SPCT Liberty One Spectrum ETF	0.51%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCT and CVSE in my portfolio?

SPCT and CVSE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT or CVSE?

On fees, CVSE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCT or CVSE?

CVSE is cheaper with a 0.29% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, SPCT or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.51% for SPCT.

What is the main difference between SPCT and CVSE?

They also come from different issuers: Liberty One and Calvert. Their fees differ too: 0.85% for SPCT and 0.29% for CVSE.