Calvert Emerging Correlations

CEMAX Fund

USD 12.77 0.10 0.79%

The current 90-days correlation between Calvert Emerging Markets and Health Care Fund is 0.21 (i.e., Modest diversification). The correlation of Calvert Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calvert Emerging Correlation With Market

Very poor diversification

The correlation between Calvert Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calvert Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Calvert Mutual Fund

0.92	CDHIX	Calvert Developed Market	Pair Corr
0.89	CVMIX	Calvert Emerging Markets	Pair Corr
0.91	CFWCX	Calvert Global Water	Pair Corr
0.87	CYBAX	Calvert High Yield	Pair Corr
0.92	CIESX	Calvert International	Pair Corr
0.85	CLVRX	Columbia International	Pair Corr
0.92	CMACX	Calvert Moderate All	Pair Corr
0.97	CMERX	Calvert Emerging Markets	Pair Corr
0.78	CMPAX	Calvert Small/mid-cap	Pair Corr
0.93	CAACX	Calvert Aggressive	Pair Corr
0.8	CAEIX	Calvert Global Energy	Pair Corr
0.68	CSBCX	Calvert Bond Portfolio	Pair Corr
0.85	CULAX	Calvert Ultra Short	Pair Corr
0.82	VEMAX	Vanguard Emerging Markets	Pair Corr
0.82	VEIEX	Vanguard Emerging Markets	Pair Corr
0.82	VEMIX	Vanguard Emerging Markets	Pair Corr
0.81	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	NEWFX	New World Fund	Pair Corr
0.96	NWFFX	New World Fund	Pair Corr
0.96	NEWCX	New World Fund	Pair Corr
0.96	FWWNX	American Funds New	Pair Corr
0.96	FNFWX	American Funds New	Pair Corr
0.91	FSMMX	Fs Multi Strategy	Pair Corr
0.91	BTMPX	Ishares Msci Eafe	Pair Corr
0.92	BTMKX	Blackrock International	Pair Corr
0.91	MDIIX	Blackrock Intern Index	Pair Corr
0.76	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.77	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.91	OFIGX	Oberweis Funds	Pair Corr
0.96	ANZAX	Allianzgi Convertible	Pair Corr
0.9	PPQAX	Pimco Realpath Blend	Pair Corr
0.63	PAGEX	T Rowe Price	Pair Corr
0.78	HGHCX	The Hartford Healthcare	Pair Corr
0.87	PCIPX	Pimco California Int	Pair Corr
0.92	VTISX	Vanguard Total Inter	Pair Corr
0.9	SEEKX	Steward Large Cap	Pair Corr
0.9	FASMX	Fidelity Asset Manager	Pair Corr

Moving against Calvert Mutual Fund

0.66

ODVYX

Oppenheimer Developing

Pair Corr

Related Correlations Analysis

	AHSCX	PRHSX	ETAHX	PGHAX	GTHCX	ETHSX	RYHCX
AHSCX		0.83	0.93	0.94	0.78	0.87	0.93	AHSCX
PRHSX	0.83		0.75	0.81	0.92	0.93	0.95	PRHSX
ETAHX	0.93	0.75		0.84	0.64	0.86	0.82	ETAHX
PGHAX	0.94	0.81	0.84		0.78	0.82	0.92	PGHAX
GTHCX	0.78	0.92	0.64	0.78		0.83	0.91	GTHCX
ETHSX	0.87	0.93	0.86	0.82	0.83		0.92	ETHSX
RYHCX	0.93	0.95	0.82	0.92	0.91	0.92		RYHCX
	AHSCX	PRHSX	ETAHX	PGHAX	GTHCX	ETHSX	RYHCX

Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Emerging 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 Emerging'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
AHSCX	0.84	0.13	0.10	0.35	0.79	(1.02)	2.05	(1.53)	5.46
PRHSX	0.96	0.29	0.32	0.69	0.36	(1.22)	1.83	(1.32)	15.40
ETAHX	1.14	0.26	0.19	1.60	0.91	(1.33)	3.27	(1.85)	5.91
PGHAX	0.64	0.07	0.06	0.19	0.56	(0.74)	1.80	(1.15)	3.94
GTHCX	0.86	0.22	0.28	0.47	0.36	(1.21)	1.66	(1.26)	16.06
ETHSX	0.75	0.18	0.20	1.30	0.39	(0.97)	2.04	(1.23)	7.73
RYHCX	0.68	0.08	0.09	0.18	0.53	(0.93)	2.09	(1.04)	4.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC