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ETFs

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 30 2023
Expense Ratio
0.14%
Type
US Equities
Fund Owner
Morgan Stanley
Volume (1m avg. daily)
$52,601
AUM
$24,610,500
Associated Index
Calvert US Large-Cap Diversity Research Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
15.03%
MSFT
Microsoft Corporation
12.77%
LLY
Lilly(Eli) & Co
2.57%
JPM
JPMorgan Chase & Co.
2.31%
V
Visa Inc - Ordinary Shares - Class A
2.07%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.85%
AVGO
Broadcom Inc
1.84%
HD
Home Depot, Inc.
1.68%
ABBV
Abbvie Inc
1.48%
MRK
Merck & Co Inc
1.48%
Invest with CDEI

What is CDEI?

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF seeks to track the performance of the Calvert US Large-Cap Diversity Research Index. The Fund employs a passive management strategy designed to track, as closely as possible, the performance of the Index. The Fund invests in the common stock of each company in the Index in approximately the same proportion as represented in the Index. The Index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment and are selected from the universe of the 1,000 largest publicly traded U.S. companies based on market capitalization, excluding real estate investment trusts and business development companies. Index components must meet certain criteria relating to leadership in having a diverse workforce and an equal and inclusive work culture, or demonstrate significant improvement in diversity practices.

ETFs related toCDEI

ETFs correlated to CDEI include IQSU, XVV, USPX

CDEI
Morgan Stanley ETF Trust - Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
EFIV
SPDR Series Trust - SPDR S&P 500 ESG ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCDEI

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CDEI using Composer

FAQ

CDEI is a US Equities ETF. Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF seeks to track the performance of the Calvert US Large-Cap Diversity Research Index. The Fund employs a passive management strategy designed to track, as closely as possible, the performance of the Index. The Fund invests in the common stock of each company in the Index in approximately the same proportion as represented in the Index. The Index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment and are selected from the universe of the 1,000 largest publicly traded U.S. companies based on market capitalization, excluding real estate investment trusts and business development companies. Index components must meet certain criteria relating to leadership in having a diverse workforce and an equal and inclusive work culture, or demonstrate significant improvement in diversity practices.

CDEI tracks the Calvert US Large-Cap Diversity Research Index.

No, CDEI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CDEI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CDEI is -0.0118%. This is the percent change in the value of CDEI over the most recent 1-month period. The 3-month return on CDEI is -0.0123%. This is the percent change in the value of CDEI over the most recent 3-month period.

ETFs similar to CDEI include SPHQ, DSI, and QUAL.

ETFs correlated to CDEI include IQSU, XVV, and USPX.

ETFs that are inversely correlated to CDEI include SPDN, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.