CVMC vs PGZ
Calvert US Mid-Cap Core Responsible Index ETF vs Principal Real Estate Income Fund
Which is better, CVMC or PGZ?
CVMC has been ahead.
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVMC | PGZ |
|---|---|---|
| Expense Ratio | 0.15%Best | 2.16% |
| AUM | $115M | $69M |
| Dividend Yield | 1.23% | 12.28% |
| Holdings | 1,184 | 110 |
| YTD Return | +14.85%Best | -4.14% |
| 1Y Return | +18.30%Best | -4.95% |
| 3Y Return (annualized) | +17.39%Best | +10.97% |
| 5Y Return (annualized) | - | -0.32% |
| Volatility (annualized) | 15.5% | 15.2%Best |
| Max Drawdown | -22.5% | -20.5%Best |
| $10,000 over 3.7 years | $14,930Best | $11,665 |
| Fund Family | Calvert | Principal Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jan 30, 2023 | Jun 26, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVMC vs PGZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVMC vs PGZ Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Principal Real Estate Income Fund (PGZ) is an ETF from Principal Funds. Over the past year CVMC returned +18.30% while PGZ returned -4.95%. Year to date, CVMC is up 14.85% versus a loss of 4.14% for PGZ.
Over three years, CVMC compounded at +17.39% per year against +10.97% for PGZ. Across the full 4-year window we track, CVMC has the edge at +11.44% annualized vs +4.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.2% for PGZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.5% for CVMC and -20.5% for PGZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CVMC charges 0.15% per year while PGZ charges 2.16%. On a $10,000 position that is $15 vs $216 annually, a gap of $201 per year that compounds over a long holding period. On income, CVMC currently yields 1.23% against 12.28% for PGZ.
Holdings Overlap
At least 2.6% of CVMC's money is in holdings PGZ also owns.
Stated as a floor: for PGZ, our book for it covers 59.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
CVMC and PGZ share little of their money.
The two holdings books were reported 244 days apart, CVMC as of Oct 2, 2026 and PGZ as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 595 positions we hold weights for in CVMC and 61 in PGZ, against full books of 1,184 and 110.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in PGZ | Difference |
|---|---|---|---|
| VTRVentas Inc . | 0.40% | 1.76% | 1.36% |
| EXRExtra Space Storage Inc | 0.29% | 1.69% | 1.40% |
| DOCHealthpeak Properties Inc | 0.15% | 1.49% | 1.34% |
| IRMIron Mtn Inc New Com Npv | 0.34% | 1.23% | 0.89% |
| EQRVivmark Residential | 0.43% | 1.06% | 0.63% |
| INVHInvitation Homes, Inc. Reit | 0.17% | 0.94% | 0.77% |
| REXRRexford Industrial Realty, Inc. | 0.09% | 0.94% | 0.85% |
| ESSEssex Property Trust Inc. | 0.19% | 0.67% | 0.48% |
| SUISun Communities Inc. | 0.15% | 0.56% | 0.41% |
| EGPEastgroup Properties Inc. Real Estate Investment Trust | 0.11% | 0.48% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of CVMC and PGZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVMC or PGZ?
CVMC has an expense ratio of 0.15% while PGZ charges 2.16%. CVMC is the cheaper option, by $201 a year on a $10,000 investment.
Which performed better, CVMC or PGZ?
Over the past year CVMC returned +18.30% vs -4.95% for PGZ, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.44% vs +4.25% for PGZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or PGZ?
CVMC has been the more volatile fund at 15.5% annualized versus 15.2% for PGZ. Worst drawdown: CVMC -22.5% vs PGZ -20.5%.
Should I hold both CVMC and PGZ?
CVMC and PGZ have a monthly-return correlation of 0.65, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVMC and PGZ?
At least 2.6% of CVMC's money is in holdings PGZ also owns. Our book for PGZ is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 595 positions we hold weights for in CVMC and 61 in PGZ.
Which pays a higher dividend, CVMC or PGZ?
CVMC yields 1.23% while PGZ yields 12.28%, so PGZ currently pays the higher dividend yield.
Is PGZ better than CVMC?
CVMC has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.