CVMC vs EFIV: Grades, Fees and Holdings Compared

Calvert US Mid-Cap Core Responsible Index ETF

CVMCBNYSE Arca

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

Overlap

10.9%by weight

Expense ratio

EFIV −0.05pt a year

CVMC0.15%EFIV0.10%

Avg volume · 30D

EFIV 10.6×the volume

CVMC5.37KEFIV57.1K

3Y return · a year

EFIV +2.3pt

CVMC+20.5%EFIV+22.8%

CVMC vs EFIV Performance

Oct 31, 2025 – Oct 30, 2026

+20.8%CVMC+12.5%EFIV

Expense ratio: CVMC 0.15%; EFIV 0.10%, better
Fund size: CVMC $113M; EFIV $1.06B
1Y total return: CVMC +20.8%, better; EFIV +12.5%
Yield (12M): CVMC 1.19%, better; EFIV 1.01%
Holdings: CVMC 595; EFIV 326
Avg volume (30D): CVMC 5.37K sh; EFIV 57.1K sh, better
NAV per share: CVMC $75.47; EFIV $74.02
52W range

ETF.net Grade

Pillar letters and Scores for CVMC, EFIV, with each pillar’s weight
Pillar	CVMC	EFIV
Cost30% weight	B68	A86Higher
Mission25% weight	A85	A100Higher
Risk15% weight	C50	C53Higher
Tradability15% weight	D30	A84Higher
Holdings10% weight	A83Higher	C43
Durability5% weight	D38	A71Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. CVMC and EFIV are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

EFIV ranks 2nd and CVMC 21st of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 3ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 18BSHEState Street SPDR MSCI USA Gender Diversity ETFScore 64
Rank 21BCVMCCalvert US Mid-Cap Core Responsible Index ETFScore 63
Rank 21BDSIiShares ESG MSCI KLD 400 ETFScore 63

Our read on each fund

ETF.net Research

CVMCBCalvert US Mid-Cap Core Responsible Index ETF

EFIVAState Street SPDR S&P 500 ESG ETF

In short

CVMC Most mid-cap index funds buy the middle of the market and stop there. CVMC screens it first, tracking a Calvert-built responsible index of US mid-caps for 0.15% a year.

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

Stated mandate

CVMC The Fund seeks to track the performance of the Calvert US Mid-Cap Core Responsible Index.

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

Why people hold it

CVMC Follows Calvert's own responsible index (CALMID) instead of a generic mid-cap benchmark, so the screening lives in the index rules rather than in a manager's discretion.
At 0.15% a year it charges the same as the typical fund in its US mid-cap peer group, so the values screen does not come with a premium price tag.
Plain structure under the hood: a passive US mid-cap core stock basket in a standard 1940 Act fund, with no leverage, options overlay or exotic wrapper. It pays quarterly.

EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

Worth knowing

CVMC Thinly traded with a modest asset base, so bid-ask spreads can run wider than the giant mid-cap trackers, especially on larger tickets.
Competitive on cost, but not the floor: VO and SCHM cover US mid-caps for 0.03%. The gap is the price of the responsible index.
Launched in 2023, so its record is short next to mid-cap index funds that have been compounding through multiple market cycles.

EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

Full CVMC profile⁠

Full EFIV profile⁠

CVMC vs EFIV Holdings

How CVMC and EFIV differ

Overlap by weight

10.9%

Shared holdings make up 41.7% of CVMC and 10.9% of EFIV.

Level by level

Holdings147 in both10.9%
Countryby domicile98.8%
Asset classEquity100%

Sector

No Sector split for EFIV.

Country, concentration and asset class

Country by domicile

Country weights in CVMC and EFIV, widest gap first
Country	More in CVMCMore in EFIV	CVMC	EFIV
United States	EFIV +1.0 points	98.4%	99.4%
United Kingdom	CVMC +0.5 points	0.6%	0.1%
Other countries (6)	CVMC +0.5 points	1.0%	0.5%

Concentration

Weight in the 10 largest Holdings

CVMC5.9%
EFIV40.9%

Securities held

CVMC594
EFIV324

Asset class

CVMC: Equity
EFIV: Equity

Holdings

Only in CVMC447
In both147
Only in EFIV177

Only in CVMC

447 securities, 58.3% of CVMC by weight

Hewlett Packard0.64%
Nucor Corp Common Stock0.56%
Natera Inc Common Stock0.53%
Dominion Energy Inc0.53%
Public Storage Reit USD0.50%
Becton Dickinson & Co0.49%
Realty Income Corp Reit0.48%
Xcel Energy Inc Common0.46%
Veeva Systems Inc Common0.44%
Roper Technologies Inc0.44%
Vivmark Residential Reit0.44%
Iqvia Holdings Inc Common0.41%
Everpure Inc Common Stock0.41%
Ferguson Enterprises Inc0.41%
Microchip Technology Inc0.40%
Teradyne Inc Common Stock0.39%
Crown Castle0.38%
Wec Energy Group Inc0.38%
Vulcan Materials Co0.36%
Illumina Inc Common Stock0.36%
Revolution Medicines Inc0.35%
Sunbelt Rentals Holdings0.34%
Steel Dynamics Inc Common0.34%
Paychex Inc Common Stock0.34%
Heico Corp Common Stock0.32%
Martin Marietta Materials0.32%
Ameren Corp Common Stock0.31%
Old Dominion Freight Line0.31%
Twilio Inc Common Stock0.31%
Axon Enterprise Inc0.31%
Atlassian Corp Common0.30%
Emcor Group Inc Common0.30%
Flex Ltd Common Stock USD0.30%
Teledyne Technologies Inc0.30%
Dexcom Inc Common Stock0.30%
Verisign Inc Common Stock0.29%
The Detroit Edison0.29%
West Pharmaceutical0.29%
Coinbase Global Inc0.29%
Royalty Pharma PLC Common0.28%
Zscaler Inc Common Stock0.28%
Expeditors International0.27%
Willis Towers Watson PLC0.27%
Fiserv Inc Common Stock0.27%
Corpay Inc0.27%
Mongodb Inc Common Stock0.27%
Copart Inc Common Stock0.26%
Entegris Inc0.26%
Reliance Inc Common Stock0.25%
Dollar General Corp0.25%

Only in EFIV

177 securities, 89.0% of EFIV by weight

NVIDIA Corp12.79%
Microsoft Corp9.74%
Alphabet Inc Class A4.12%
Alphabet Inc Class C3.32%
Eli Lilly & Co2.73%
Micron Technology Inc2.62%
Visa Inc Class A Shares1.73%
Walmart Inc1.34%
Mastercard Inc A1.27%
AbbVie Inc1.27%
Intel Corp1.13%
Costco Wholesale Corp1.10%
Cisco Systems Inc1.06%
UnitedHealth Group Inc0.91%
Merck & Co. Inc.0.90%
Coca Cola Co/The0.89%
Applied Materials Inc0.83%
Bank of America Corp0.82%
Home Depot Inc0.81%
General Electric0.81%
Lam Research Corp0.79%
Palo Alto Networks Inc0.77%
Caterpillar Inc0.74%
Texas Instruments Inc0.70%
Goldman Sachs Group Inc0.67%
Thermo Fisher Scientific Inc0.65%
Netflix Inc0.64%
Wells Fargo & Co0.64%
Amgen Inc0.62%
Ge Vernova Inc0.59%
Linde PLC0.58%
Morgan Stanley0.56%
Kla Corp0.54%
Citigroup Inc0.52%
Analog Devices Inc0.52%
Gilead Sciences Inc0.51%
Qualcomm Inc0.49%
Walt Disney Co/The0.48%
Salesforce Inc0.47%
Pepsico Inc0.45%
McDonald’s Corp0.45%
Abbott Laboratories0.45%
Conocophillips0.45%
Union Pacific Corp0.44%
Nextera Energy Inc0.42%
American Express Co0.42%
Pfizer Inc0.42%
BlackRock Inc0.42%
Welltower Inc0.42%
Deere & Co0.41%

Weight gaps

The 100 widest of 147 Holdings in both funds.

Holding weights in CVMC and EFIV, widest gap first
Holding	More in CVMCMore in EFIV	CVMC	EFIV
Moderna Inc Common StockMRNA	CVMC +0.54 points	0.74%	0.20%
Kimberly-Clark CorpKMB	CVMC +0.49 points	0.58%	0.09%
Arthur J Gallagher & CoAJG	CVMC +0.44 points	0.61%	0.17%
Target Corp Common StockTGT	CVMC +0.44 points	0.61%	0.17%
Ww Grainger Inc CommonGWW	CVMC +0.38 points	0.53%	0.15%
Fastenal Co Common StockFAST	CVMC +0.37 points	0.52%	0.15%
Sempra Common Stock USD 0SRE	CVMC +0.37 points	0.51%	0.14%
Aflac Inc Common StockAFL	CVMC +0.37 points	0.51%	0.14%
Delta Air Lines IncDAL	CVMC +0.36 points	0.48%	0.12%
Metlife Inc Common StockMET	CVMC +0.36 points	0.49%	0.13%
Ametek Inc Common StockAME	CVMC +0.36 points	0.50%	0.14%
Autodesk Inc Common StockADSK	CVMC +0.34 points	0.47%	0.13%
Edwards Lifesciences CorpEW	CVMC +0.35 points	0.48%	0.13%
Humana Inc Common StockHUM	CVMC +0.34 points	0.46%	0.12%
Agilent Technologies IncA	CVMC +0.34 points	0.47%	0.13%
PayPal Holdings IncPYPL	CVMC +0.34 points	0.46%	0.12%
Paccar Inc Common StockPCAR	CVMC +0.34 points	0.47%	0.13%
Keysight Technologies IncKEYS	CVMC +0.33 points	0.47%	0.14%
Exelon Corp Common StockEXC	CVMC +0.33 points	0.45%	0.12%
Autozone Inc Common StockAZO	CVMC +0.33 points	0.46%	0.13%
Fifth Third BancorpFITB	CVMC +0.33 points	0.45%	0.12%
Rockwell Automation IncROK	CVMC +0.32 points	0.45%	0.13%
Keurig Dr Pepper IncKDP	CVMC +0.32 points	0.44%	0.12%
Occidental Petroleum CorpOXY	CVMC +0.33 points	0.44%	0.11%
Waters Corp Common StockWAT	CVMC +0.32 points	0.43%	0.12%
Westinghouse Air BrakeWAB	CVMC +0.32 points	0.44%	0.12%
Nasdaq Inc Common StockNDAQ	CVMC +0.31 points	0.43%	0.12%
Ebay Inc Common Stock USDEBAY	CVMC +0.31 points	0.43%	0.12%
Msci Inc Common Stock USDMSCI	CVMC +0.31 points	0.42%	0.11%
Consolidated EdisonED	CVMC +0.30 points	0.41%	0.11%
State Street Corp CommonSTT	CVMC +0.31 points	0.43%	0.12%
The Kroger Co.KR	CVMC +0.30 points	0.39%	0.09%
Yum Brands Inc CommonYUM	CVMC +0.30 points	0.40%	0.10%
Ventas Inc Reit USD 0.25VTR	CVMC +0.29 points	0.40%	0.11%
Idexx Laboratories IncIDXX	CVMC +0.30 points	0.41%	0.11%
Ameriprise Financial IncAMP	CVMC +0.29 points	0.40%	0.11%
American InternationalAIG	CVMC +0.29 points	0.40%	0.11%
Biogen Inc Common StockBIIB	CVMC +0.29 points	0.38%	0.09%
Sysco Corp Common StockSYY	CVMC +0.28 points	0.38%	0.10%
Carrier Global CorpCARR	CVMC +0.28 points	0.39%	0.11%
Netapp Inc Common StockNTAP	CVMC +0.27 points	0.38%	0.11%
Workday Inc Common StockWDAY	CVMC +0.27 points	0.37%	0.10%
Public Service EnterprisePEG	CVMC +0.27 points	0.36%	0.09%
Prudential Financial IncPRU	CVMC +0.27 points	0.37%	0.10%
Chipotle Mexican GrillCMG	CVMC +0.27 points	0.37%	0.10%
Dr Horton Inc CommonDHI	CVMC +0.27 points	0.36%	0.09%
Ge HealthcareGEHC	CVMC +0.25 points	0.34%	0.09%
Cbre Group Inc CommonCBRE	CVMC +0.26 points	0.35%	0.09%
Iron Mountain Inc ReitIRM	CVMC +0.25 points	0.34%	0.09%
Zoetis Inc Common StockZTS	CVMC +0.25 points	0.33%	0.08%
Centene Corp Common StockCNC	CVMC +0.26 points	0.34%	0.08%
Mettler-ToledoMTD	CVMC +0.24 points	0.33%	0.09%
Extra Space Storage IncEXR	CVMC +0.24 points	0.32%	0.08%
Cboe Global Markets IncCBOE	CVMC +0.24 points	0.32%	0.08%
Hartford Insurance GroupHIG	CVMC +0.24 points	0.33%	0.09%
Ingersoll Rand IncIR	CVMC +0.24 points	0.31%	0.07%
Resmed Inc Common StockRMD	CVMC +0.24 points	0.33%	0.09%
Arch Capital Group LtdACGL	CVMC +0.23 points	0.32%	0.09%
Cognizant TechnologyCTSH	CVMC +0.23 points	0.30%	0.07%
American Water Works CoAWK	CVMC +0.23 points	0.30%	0.07%
Veralto CorpVLTO	CVMC +0.23 points	0.29%	0.06%
Interactive Brokers GroupIBKR	CVMC +0.22 points	0.31%	0.09%
Take-Two InteractiveTTWO	CVMC +0.22 points	0.30%	0.08%
Labcorp Holdings IncLH	CVMC +0.22 points	0.29%	0.07%
Otis Worldwide CorpOTIS	CVMC +0.22 points	0.29%	0.07%
On Semiconductor CorpON	CVMC +0.21 points	0.28%	0.07%
M&T Bank Corp CommonMTB	CVMC +0.21 points	0.29%	0.08%
Verisk Analytics IncVRSK	CVMC +0.21 points	0.27%	0.06%
Quest Diagnostics IncDGX	CVMC +0.21 points	0.28%	0.07%
Huntington BancsharesHBAN	CVMC +0.21 points	0.29%	0.08%
Eversource Energy CommonES	CVMC +0.21 points	0.27%	0.06%
Jabil Inc Common StockJBL	CVMC +0.21 points	0.28%	0.07%
Dover Corp Common StockDOV	CVMC +0.21 points	0.28%	0.07%
Northern Trust CorpNTRS	CVMC +0.20 points	0.28%	0.08%
Ppg Industries Inc CommonPPG	CVMC +0.19 points	0.26%	0.07%
Hp Inc Common Stock USDHPQ	CVMC +0.20 points	0.27%	0.07%
Omnicom Group Inc CommonOMC	CVMC +0.19 points	0.24%	0.05%
Ptc Inc Common Stock USDPTC	CVMC +0.18 points	0.23%	0.05%
Williams-Sonoma IncWSM	CVMC +0.17 points	0.25%	0.08%
Raymond James FinancialRJF	CVMC +0.18 points	0.25%	0.07%
Darden Restaurants IncDRI	CVMC +0.18 points	0.24%	0.06%
Citizens Financial GroupCFG	CVMC +0.17 points	0.24%	0.07%
Broadridge FinancialBR	CVMC +0.17 points	0.22%	0.05%
Ares Management CorpARES	CVMC +0.17 points	0.24%	0.07%
Ulta Beauty Inc CommonULTA	CVMC +0.17 points	0.24%	0.07%
International Flavors &IFF	CVMC +0.17 points	0.23%	0.06%
Fidelity NationalFIS	CVMC +0.17 points	0.22%	0.05%
Hershey Co/The CommonHSY	CVMC +0.17 points	0.23%	0.06%
The Estee LauderEL	CVMC +0.16 points	0.23%	0.07%
Amcor PLC Common StockAMCR	CVMC +0.17 points	0.22%	0.05%
Hubbell Inc Common StockHUBB	CVMC +0.16 points	0.22%	0.06%
Sba Communications CorpSBAC	CVMC +0.16 points	0.21%	0.05%
Principal Financial GroupPFG	CVMC +0.16 points	0.22%	0.06%
Xylem Inc/Ny Common StockXYL	CVMC +0.16 points	0.21%	0.05%
Synchrony FinancialSYF	CVMC +0.16 points	0.22%	0.06%
Regions Financial CorpRF	CVMC +0.16 points	0.22%	0.06%
Church & Dwight Co IncCHD	CVMC +0.16 points	0.22%	0.06%
Kraft Heinz Co/The CommonKHC	CVMC +0.15 points	0.20%	0.05%
Fortive Corp Common StockFTV	CVMC +0.14 points	0.19%	0.05%
Tapestry Inc Common StockTPR	CVMC +0.14 points	0.20%	0.06%

All CVMC holdings⁠All 324 EFIV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CVMC vs EFIV Cost

Overpaying CVMC vs EFIV

$1,031

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CVMC 0.15%
$3,137
EFIV 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

CVMC 0.15%
EFIV 0.10%
Overpaying

Year by year

Year	CVMC	EFIV	Overpaying
10	$274	$183	$91
20	$1,071	$717	$354
30	$3,137	$2,106	$1,031

Expense ratio

0.15%CVMC
0.10%EFIV, cheaper

EFIV0.10%CVMC0.15%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

EFIV 7th cheapest of 47 funds

CVMC 13th cheapest of 47 funds

CVMC vs EFIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVMC 1.19%, better; EFIV 1.01%
Payout (12M): CVMC $0.90; EFIV $0.74
Last payment: CVMC $0.24; EFIV $0.20
Ex-dividend: CVMC Sep 21, 2026; EFIV Sep 21, 2026
Paid on: CVMC Sep 25, 2026; EFIV Sep 23, 2026
Frequency: CVMC Quarterly; EFIV Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

CVMCQuarterly · 15 paymentsAll CVMC payments⁠

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

CVMC vs EFIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CVMC 15.0%EFIV 12.3%, better
Return per unit of riskSharpe ratio, 3 years: CVMC 1.03EFIV 1.39, better
Worst fallMax drawdown, 5 years: CVMC −22.5%since Feb 2023EFIV −24.5%
Market sensitivityBeta, 5 years: CVMC 1.07EFIV 1.01; Market = 1

CVMC and EFIV in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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CVMC vs EFIV

In short

Stated mandate

Why people hold it

Worth knowing

How CVMC and EFIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CVMC

Only in EFIV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday

How CVMC and EFIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CVMC

Only in EFIV

Weight gaps