ETF Evaluator:
Calvert US Mid-Cp Cor Rspnb ETF ()
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(as of Aug 26)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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Risk
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ETF Details
Calvert US Mid-Cp Cor Rspnb ETF Overview
Calvert US Mid-Cp Cor Rspnb ETF (CVMC) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Calvert ETFs launched the ETF in 2023.
The investment seeks to track the performance of the Calvert U.S. Mid-Cap Core 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 mid-size companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.
About Calvert US Mid-Cp Cor Rspnb ETF (CVMC)
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: S&P 500 (TR) (1970) index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. Calvert US Mid-Cp Cor Rspnb ETF has 597 securities in its portfolio. The top 10 holdings constitute 5.4% 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 US Mid-Cp Cor Rspnb ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Calvert US Mid-Cp Cor Rspnb ETF has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.1% There is 1.8% 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 US Mid-Cp Cor Rspnb ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $102 million in total assets, which is below the $4 billion average for the Mid-Cap 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.
CVMC 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 US Mid-Cp Cor Rspnb ETF expense ratio is low compared to funds in the Mid-Cap Blend category. Calvert US Mid-Cp Cor Rspnb ETF has an expense ratio of 0.15%, which is 67% 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 US Mid-Cp Cor Rspnb ETF has a portfolio turnover rate of 24%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Calvert US Mid-Cp Cor Rspnb ETF returned -0.6%, which earned it a grade of C, as the Mid-Cap Blend category had an average return of -1.6%. 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 US Mid-Cp Cor Rspnb ETF has a trailing yield of 1.18%, which is above the 0.85% 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 US Mid-Cp Cor Rspnb ETF Grades
Year to date, the ETF has returned 18.8%, 4.7 percentage points better than the category, which translates into a grade of A. The fund has returned 24.4% over the past year (grade of B) and 14.4% over the past three years (grade of C).
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CVMC 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 |
|
| CVMC Return (NAV) | -0.6% | 8.7% | 24.4% | 14.4% | na | na |
| CVMC Return (Price) | -0.4% | 8.9% | 24.7% | 14.5% | na | na |
| NAV +/- Price Return | -0.239% | -0.167% | -0.281% | -0.090% | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| CVMC Grade (NAV) | C | A | B | C | na | na |
| +/- Category (NAV) | 1.0% | 4.4% | 3.7% | -0.4% | na | na |
| CVMC Tax-Cost Ratio | na | na | 0.6% | 0.5% | na | na |
CVMC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CVMC Return (NAV) | 18.8% | 9.4% | 12.6% | na | na | na | na | na | na | na | na |
| CVMC Return (Price) | 18.9% | 9.5% | 12.6% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | 0.013% | -0.001% | na | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| CVMC Grade (NAV) | A | C | D | na | na | na | na | na | na | na | na |
| +/- Category | 4.7% | -1.2% | -3.5% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.05 |
| R-Squared: | 73% |
| Standard Deviation: | 16.0% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.30 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 102 Mil |
| Share Class Assets: | $ 102 Mil |
| Turnover: | 24.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| 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: | 597 |
| % in Top 10 Holdings: | 5.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 98.1% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
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 (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.45% |
