ETF Evaluator:
Calvert International Responsible ETF ()
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(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
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ETF Details
Calvert International Responsible ETF Overview
Calvert International Responsible ETF (CVIE) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Calvert ETFs launched the ETF in 2023.
The investment seeks to track the performance of the Calvert International Responsible Index.
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies in developed markets, excluding the U.S., that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.
About Calvert International Responsible ETF (CVIE)
There are 2 members of the management team with an average tenure of 1.70 years: Gordon Wotherspoon (2025) and Jennifer Mihara (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI World ex USA NR USD index with a weighting of 100% and Calvert International Responsible TR USD index with a weighting of 100%. Calvert International Responsible ETF has 736 securities in its portfolio. The top 10 holdings constitute 19.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Calvert International Responsible ETF is part of the Equity global asset class and is within the International Equity ETF group. Calvert International Responsible ETF has 97.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7% There is 97.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Calvert International Responsible ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $465 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CVIE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calvert International Responsible ETF expense ratio is low compared to funds in the Foreign Large Blend category. Calvert International Responsible ETF has an expense ratio of 0.18%, which is 55% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Calvert International Responsible ETF has a portfolio turnover rate of 11%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Calvert International Responsible ETF returned -1.3%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Calvert International Responsible ETF has a trailing yield of 2.37%, which is below the 2.56% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Calvert International Responsible ETF Grades
Year to date, the ETF has returned 17.6%, 5.5 percentage points better than the category, which translates into a grade of A. The fund has returned 33.5% over the past year (grade of A) and 19.4% over the past three years (grade of A).
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CVIE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CVIE Return (NAV) | -1.3% | 6.7% | 33.5% | 19.4% | na | na |
| CVIE Return (Price) | -2.8% | 4.9% | 33.0% | 19.1% | na | na |
| NAV +/- Price Return | 1.490% | 1.787% | 0.460% | 0.320% | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| CVIE Grade (NAV) | F | A | A | A | na | na |
| +/- Category (NAV) | -2.5% | 2.4% | 8.4% | 3.0% | na | na |
| CVIE Tax-Cost Ratio | na | na | 1.1% | 1.0% | na | na |
CVIE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CVIE Return (NAV) | 17.6% | 33.2% | 5.5% | na | na | na | na | na | na | na | na |
| CVIE Return (Price) | 17.0% | 33.2% | 5.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.038% | 0.001% | -0.033% | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| CVIE Grade (NAV) | A | B | B | na | na | na | na | na | na | na | na |
| +/- Category | 5.5% | 2.0% | 0.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.11 |
| R-Squared: | 96% |
| Standard Deviation: | 15.7% |
| Category Risk Index: | 1.20 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.28 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 466 Mil |
| Share Class Assets: | $ 466 Mil |
| Turnover: | 11.0% |
| Expense Ratio: | 0.18% |
| Index Fund: | Yes |
| Index Tracked: | MSCI World ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Mihara Jennifer (2024), Wotherspoon Gordon (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 736 |
| % in Top 10 Holdings: | 19.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.5% |
Portfolio Allocation |
|
| Domestic Stock: | 1.7% |
| Foreign Stock: | 97.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Calvert ETFs |
| Phone Number: | 800-836-2414 |
| Website: | |
| Inception Date: | January 30, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.40% |
