Calvert Floating-Rate Competition
| CFOAX Fund | USD 8.58 -0.01 -0.12% |
Correlation: Calvert Floating-Rate vs US GOVERNMENT Overview
Very good diversification
Across the chosen horizon, CFOAX and USGFX show a correlation of -0.47 and fall into the Very good diversification bucket. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Moving against Calvert Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Floating-Rate's price to converge to an average value over time is called mean reversion.
Calvert Floating-Rate Competition Correlation Matrix
Studying peer correlation around Calvert Floating Rate Advantage gives investors a cleaner read on how much independent price behavior still exists across the competitive set. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
| 0.5 | 0.0 | 0.79 | 0.62 | 0.72 | SSAGX | ||
| 0.5 | 0.0 | 0.89 | 0.94 | 0.9 | GVPIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DWGXX | ||
| 0.79 | 0.89 | 0.0 | 0.95 | 0.98 | PGVZX | ||
| 0.62 | 0.94 | 0.0 | 0.95 | 0.98 | USGCX | ||
| 0.72 | 0.9 | 0.0 | 0.98 | 0.98 | USGFX | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Calvert Mutual Fund performing well and Calvert Floating-Rate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Calvert Floating-Rate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSAGX | 0.05 | 0.00 | 0.95 | -0.23 | 0.00 | 0.10 | 0.51 | |||
| GVPIX | 0.56 | -0.02 | 0.00 | -0.23 | 0.00 | 1.04 | 3.20 | |||
| DWGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PGVZX | 0.17 | -0.01 | 0.00 | -0.21 | 0.00 | 0.38 | 1.00 | |||
| USGCX | 0.32 | -0.02 | 0.00 | -0.60 | 0.00 | 0.57 | 1.94 | |||
| USGFX | 0.16 | -0.02 | 0.00 | -0.73 | 0.00 | 0.33 | 1.07 |
Calvert Floating-Rate Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Calvert Floating-Rate Competition Peer Performance Charts
How to Analyze Calvert Floating-Rate Against Peers
Calvert Floating-Rate's peer analysis compares Calvert Floating-Rate with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Calvert Floating-Rate trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Calvert Floating-Rate leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Peer analysis for Calvert Floating-Rate uses the most recent available fundamentals rather than static annual comparisons, improving relevance as conditions evolve. EPS growth trajectory comparison for Calvert Floating-Rate versus peers focuses on structural earnings expansion rather than single-quarter surprises. Income sustainability for Calvert Floating-Rate looks different when placed in context against peer group payout and retention trends. Relative comparison helps show where Calvert Floating-Rate is stronger or weaker against peers.
Unless otherwise specified, data for Calvert Floating Rate Advantage is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.