CVMC vs KLMN: Grades, Fees and Holdings Compared

Calvert US Mid-Cap Core Responsible Index ETF

CVMCBNYSE Arca

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

Overlap

6.0%by weight

Expense ratio

KLMN −0.06pt a year

CVMC0.15%KLMN0.09%

Avg volume · 30D

KLMN 91.2×the volume

CVMC5.37KKLMN489K

CVMC vs KLMN Performance

Oct 31, 2025 – Oct 30, 2026

+20.8%CVMC+11.7%KLMN

Expense ratio: CVMC 0.15%; KLMN 0.09%, better
Fund size: CVMC $113M; KLMN $2.42B
1Y total return: CVMC +20.8%, better; KLMN +11.7%
Yield (12M): CVMC 1.19%, better; KLMN 1.17%
Holdings: CVMC 595; KLMN 275
Avg volume (30D): CVMC 5.37K sh; KLMN 489K sh, better
NAV per share: CVMC $75.47; KLMN $31.03
52W range

ETF.net Grade

Pillar letters and Scores for CVMC, KLMN, with each pillar’s weight
Pillar	CVMC	KLMN
Cost30% weight	B68	A86Higher
Mission25% weight	A85	A100Higher
Risk15% weight	C50	B62Higher
Tradability15% weight	D30	A83Higher
Holdings10% weight	A83Higher	B65
Durability5% weight	D38	B58Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. CVMC and KLMN 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 ›

KLMN ranks 1st 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 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

KLMNAInvesco MSCI North America Climate 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.

KLMN No data

Stated mandate

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

KLMN No data

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.

KLMN No data

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.

KLMN No data

Full CVMC profile⁠

Full KLMN profile⁠

CVMC vs KLMN Holdings

How CVMC and KLMN differ

Overlap by weight

6.0%

Shared holdings make up 17.2% of CVMC and 6.0% of KLMN.

Level by level

Holdings46 in both6.0%
Countryby domicile95.3%
Asset classEquity100%

Sector

No Sector split for KLMN.

Country, concentration and asset class

Country by domicile

Country weights in CVMC and KLMN, widest gap first
Country	More in CVMCMore in KLMN	CVMC	KLMN
Canada	KLMN +4.4 points	0.0%	4.4%
United States	CVMC +3.5 points	98.4%	94.9%
Other countries (8)	CVMC +0.8 points	1.6%	0.8%

Concentration

Weight in the 10 largest Holdings

CVMC5.9%
KLMN34.9%

Securities held

CVMC594
KLMN273

Asset class

CVMC: Equity
KLMN: Equity

Holdings

Only in CVMC548
In both46
Only in KLMN227

Only in CVMC

548 securities, 82.7% of CVMC by weight

Moderna Inc Common Stock0.74%
Kimberly-Clark Corp0.58%
Nucor Corp Common Stock0.56%
Ww Grainger Inc Common0.53%
Natera Inc Common Stock0.53%
Dominion Energy Inc0.53%
Fastenal Co Common Stock0.52%
Public Storage Reit USD0.50%
Metlife Inc Common Stock0.49%
Realty Income Corp Reit0.48%
Delta Air Lines Inc0.48%
Humana Inc Common Stock0.46%
Xcel Energy Inc Common0.46%
Rockwell Automation Inc0.45%
Fifth Third Bancorp0.45%
Veeva Systems Inc Common0.44%
Roper Technologies Inc0.44%
Occidental Petroleum Corp0.44%
Westinghouse Air Brake0.44%
Waters Corp Common Stock0.43%
State Street Corp Common0.43%
Msci Inc Common Stock USD0.42%
Iqvia Holdings Inc Common0.41%
Everpure Inc Common Stock0.41%
Idexx Laboratories Inc0.41%
Ferguson Enterprises Inc0.41%
Ameriprise Financial Inc0.40%
Microchip Technology Inc0.40%
American International0.40%
The Kroger Co.0.39%
Netapp Inc Common Stock0.38%
Crown Castle0.38%
Biogen Inc Common Stock0.38%
Wec Energy Group Inc0.38%
Prudential Financial Inc0.37%
Public Service Enterprise0.36%
Vulcan Materials Co0.36%
Dr Horton Inc Common0.36%
Illumina Inc Common Stock0.36%
Revolution Medicines Inc0.35%
Sunbelt Rentals Holdings0.34%
Ge Healthcare0.34%
Steel Dynamics Inc Common0.34%
Paychex Inc Common Stock0.34%
Centene Corp Common Stock0.34%
Mettler-Toledo0.33%
Zoetis Inc Common Stock0.33%
Hartford Insurance Group0.33%
Resmed Inc Common Stock0.33%
Cboe Global Markets Inc0.32%

Only in KLMN

227 securities, 94.0% of KLMN by weight

Apple Inc7.36%
NVIDIA Corp7.08%
Microsoft Corp5.39%
Amazon.com Inc3.38%
Alphabet Inc2.63%
Broadcom Inc2.23%
Meta Platforms Inc1.99%
Tesla Inc1.64%
Alphabet Inc1.61%
Eli Lilly & Co1.59%
Micron Technology Inc1.54%
Advanced Micro Devices Inc1.37%
JPMorgan Chase & Co1.35%
ExxonMobil Holdings Corp1.14%
Visa Inc1.07%
Johnson & Johnson1.04%
Mastercard Inc0.83%
Walmart Inc0.80%
AbbVie Inc0.79%
Cisco Systems Inc0.68%
Chevron Corp0.66%
Costco Wholesale Corp0.65%
Palantir Technologies Inc0.63%
Coca-Cola Co/The0.62%
Procter & Gamble Co/The0.61%
Intel Corp0.60%
Merck & Co Inc0.58%
Applied Materials Inc0.56%
UnitedHealth Group Inc0.56%
Home Depot Inc/The0.54%
Bank of America Corp0.53%
Lam Research Corp0.52%
Philip Morris International Inc0.51%
Palo Alto Networks Inc0.50%
General Electric Co0.50%
Royal Bank of Canada0.49%
Caterpillar Inc0.47%
Goldman Sachs Group Inc/The0.44%
Thermo Fisher Scientific Inc0.44%
Texas Instruments Inc0.44%
Amgen Inc0.43%
RTX Corp0.42%
Crowdstrike Holdings Inc0.40%
Wells Fargo & Co0.40%
Netflix Inc0.39%
KLA Corp0.38%
Morgan Stanley0.37%
Toronto-Dominion Bank/The0.37%
GE Vernova Inc0.37%
International Business Machines Corp0.36%

Weight gaps

All 46 Holdings in both funds, largest gap first.

Holding weights in CVMC and KLMN, widest gap first
Holding	More in CVMCMore in KLMN	CVMC	KLMN
Arthur J Gallagher & CoAJG	CVMC +0.47 points	0.61%	0.14%
Target Corp Common StockTGT	CVMC +0.47 points	0.61%	0.14%
Hewlett PackardHPE	CVMC +0.46 points	0.64%	0.18%
Sempra Common Stock USD 0SRE	CVMC +0.40 points	0.51%	0.11%
Aflac Inc Common StockAFL	CVMC +0.38 points	0.51%	0.13%
Autozone Inc Common StockAZO	CVMC +0.36 points	0.46%	0.10%
Edwards Lifesciences CorpEW	CVMC +0.35 points	0.48%	0.13%
Autodesk Inc Common StockADSK	CVMC +0.34 points	0.47%	0.13%
PayPal Holdings IncPYPL	CVMC +0.34 points	0.46%	0.12%
Ametek Inc Common StockAME	CVMC +0.33 points	0.50%	0.17%
Becton Dickinson & CoBDXA	CVMC +0.32 points	0.49%	0.17%
Paccar Inc Common StockPCAR	CVMC +0.32 points	0.47%	0.15%
Ebay Inc Common Stock USDEBAY	CVMC +0.32 points	0.43%	0.11%
Keurig Dr Pepper IncKDP	CVMC +0.31 points	0.44%	0.13%
Keysight Technologies IncKEYS	CVMC +0.31 points	0.47%	0.16%
Agilent Technologies IncA	CVMC +0.30 points	0.47%	0.17%
Exelon Corp Common StockEXC	CVMC +0.30 points	0.45%	0.15%
Teradyne Inc Common StockTER	CVMC +0.29 points	0.39%	0.10%
Yum Brands Inc CommonYUM	CVMC +0.28 points	0.40%	0.12%
Carrier Global CorpCARR	CVMC +0.28 points	0.39%	0.11%
Chipotle Mexican GrillCMG	CVMC +0.28 points	0.37%	0.09%
Nasdaq Inc Common StockNDAQ	CVMC +0.27 points	0.43%	0.16%
Ventas Inc Reit USD 0.25VTR	CVMC +0.27 points	0.40%	0.13%
Consolidated EdisonED	CVMC +0.27 points	0.41%	0.14%
Iron Mountain Inc ReitIRM	CVMC +0.26 points	0.34%	0.08%
Sysco Corp Common StockSYY	CVMC +0.25 points	0.38%	0.13%
Cbre Group Inc CommonCBRE	CVMC +0.25 points	0.35%	0.10%
Workday Inc Common StockWDAY	CVMC +0.22 points	0.37%	0.15%
Take-Two InteractiveTTWO	CVMC +0.21 points	0.30%	0.09%
Flex Ltd Common Stock USDFLEX	CVMC +0.21 points	0.30%	0.09%
Vivmark Residential ReitEQR	CVMC +0.18 points	0.44%	0.26%
Verisk Analytics IncVRSK	CVMC +0.17 points	0.27%	0.10%
Hershey Co/The CommonHSY	CVMC +0.16 points	0.23%	0.07%
Ingersoll Rand IncIR	CVMC +0.16 points	0.31%	0.15%
Otis Worldwide CorpOTIS	CVMC +0.16 points	0.29%	0.13%
Hp Inc Common Stock USDHPQ	CVMC +0.15 points	0.27%	0.12%
Xylem Inc/Ny Common StockXYL	CVMC +0.11 points	0.21%	0.10%
Church & Dwight Co IncCHD	CVMC +0.11 points	0.22%	0.11%
Dover Corp Common StockDOV	CVMC +0.11 points	0.28%	0.17%
Ppg Industries Inc CommonPPG	CVMC +0.09 points	0.26%	0.17%
Broadridge FinancialBR	CVMC +0.09 points	0.22%	0.13%
Amcor PLC Common StockAMCR	CVMC +0.08 points	0.22%	0.14%
Kraft Heinz Co/The CommonKHC	CVMC +0.08 points	0.20%	0.12%
General Mills Inc CommonGIS	CVMC +0.07 points	0.17%	0.10%
Kimco Realty Corp ReitKIM	CVMC +0.03 points	0.17%	0.14%
Regency Centers Corp ReitREG	CVMC +0.01 points	0.15%	0.14%

All CVMC holdings⁠All 273 KLMN 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 KLMN Cost

Overpaying CVMC vs KLMN

$1,239

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

CVMC 0.15%
$3,137
KLMN 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

CVMC 0.15%
KLMN 0.09%
Overpaying

Year by year

Year	CVMC	KLMN	Overpaying
10	$274	$165	$109
20	$1,071	$646	$425
30	$3,137	$1,898	$1,239

Expense ratio

0.15%CVMC
0.09%KLMN, cheaper

KLMN0.09%CVMC0.15%

0.08%0.95%

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

KLMN 3rd cheapest of 47 funds

CVMC 13th cheapest of 47 funds

CVMC vs KLMN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVMC 1.19%, better; KLMN 1.17%
Payout (12M): CVMC $0.90; KLMN $0.36
Last payment: CVMC $0.24; KLMN $0.08
Ex-dividend: CVMC Sep 21, 2026; KLMN Sep 21, 2026
Paid on: CVMC Sep 25, 2026; KLMN Sep 25, 2026
Frequency: CVMC Quarterly; KLMN Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

CVMCQuarterly · 15 paymentsAll CVMC payments⁠

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

CVMC vs KLMN 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%KLMN 12.5%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: CVMC 1.03KLMN 0.83since Jan 2025
Worst fallMax drawdown, 5 years: CVMC −22.5%since Feb 2023KLMN −18.5%since Dec 2024
Market sensitivityBeta, 5 years: CVMC 1.07KLMN 1.02; Market = 1

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