Calvert US Large-Cap Diversity Equity and… (CDEI) Performance
CDEI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.2% since Dec 31, 2025
- 1 year
- +18.4% total return
- 3 years
- +21.9% a year
- Since first price
- +19.5% a year since 2023
CDEI trailing returns vs SPY, QQQ, AGG
| Period | CDEI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.7% | +6.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.4% | +10.9% | +7.8% | +8.4% | −1.5% |
| YTD | +14.2% | +13.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.4% | +17.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +81.0%+21.9%/yr | +74.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 31, 2023 | +94.0%+19.5%/yr | +85.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CDEI vs SPY
From Jan 31, 2023: CDEI grew to $19,401, SPY to $19,602.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CDEI returns by calendar year
2 of 2 full years positive. Best 2024 (+18.7%), worst 2025 (+16.6%). 2026 is year to date.
CDEI annual returns table
| Year | CDEI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.2% | −9.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.6% | −19.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.7% | −9.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CDEI largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −19.5% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CDEI risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +21.5% | +19.8% |
| Volatility (annualized) | 12.2% | 12.3% |
| Sharpe ratio | 1.31 | 1.18 |
| Sortino ratio | 2.67 | 2.29 |
| Best month | +11.0% | +11.0% |
| Worst month | −6.1% | −6.1% |
| Best 12 months | +32.1% | +32.1% |
| Worst 12 months | +4.4% | +4.4% |
| Positive months | 69% | 68% |
| Beta vs S&P 500 | 0.96 | — |
| Correlation with S&P 500 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CDEI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 34 | +4.4% | +18.8% | +32.1% | 100% |
| 3-year (a year) | 10 | +15.6% | +19.4% | +21.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
CDEI performance overview
Calvert US Large-Cap Diversity Equity and… (CDEI) returned +18.4% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +19.5% a year, turning $10,000 into about $19,401. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.5%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.3% a year.
Related: CDEI chart, CDEI holdings, CDEI dividends, CDEI valuation. See the CDEI overview for the latest quote and fund facts.
CDEI performance FAQ
What is the CDEI return over the past year?
CDEI returned +18.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.1%.
How much would $10,000 invested in CDEI be worth?
$10,000 invested in CDEI at its first recorded close on January 31, 2023 would be worth about $19,401 on October 23, 2026 with distributions reinvested.
What was the worst year for CDEI?
The worst calendar year was 2025, with a total return of +16.6%. The best was 2024 at +18.7%.
What is the biggest drawdown of CDEI?
The largest peak-to-trough decline was −19.5% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 27, 2025, 3 months after the bottom.
How volatile is CDEI?
Over the past 3 years CDEI had an annualized volatility of 12.2% and a Sharpe ratio of 1.31 (excess return over 1–3 month T-bills per unit of risk).