Formula
Calmar (5Y) = 5-year CAGR ÷ |maximum drawdown over the same 5 years|
How MFIC calculates it
From the 5-year CAGR and the 5-year maximum drawdown of daily NAVs. Not shown when the drawdown is under 0.5%.
How to read it
Higher means more return was earned for the deepest loss an investor had to sit through in those five years.
Limitations
Driven by a single worst episode.
Calmar ratio by category today
Spread of calmar ratio across Regular-plan schemes in each category, calculated by MFIC from AMFI NAVs as of 1 Oct 2026. The middle half of schemes falls between the 25th and 75th percentiles.
| Category (Regular plans) | Schemes | 25th percentile | Median | 75th percentile |
|---|---|---|---|---|
| Large Cap | 29 | 0.33 | 0.39 | 0.42 |
| Large & Mid Cap | 26 | 0.46 | 0.49 | 0.63 |
| Flexi Cap | 27 | 0.37 | 0.46 | 0.51 |
| Multi Cap | 8 | 0.46 | 0.51 | 0.65 |
| Mid Cap | 22 | 0.51 | 0.58 | 0.68 |
| Small Cap | 21 | 0.53 | 0.58 | 0.67 |
| ELSS | 31 | 0.39 | 0.47 | 0.52 |
| Focused | 22 | 0.41 | 0.45 | 0.50 |
| Value | 17 | 0.53 | 0.56 | 0.60 |
| Aggressive Hybrid | 27 | 0.46 | 0.56 | 0.65 |
| Balanced Advantage | 20 | 0.52 | 0.69 | 0.84 |
| Index Fund | 40 | 0.33 | 0.35 | 0.43 |
Use it in MFIC
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Related: Maximum drawdown · Sharpe ratio · Methodology
Disclosure. Educational content. Figures are historical calculations from AMFI NAV data and may differ from other sources because of methodology. Past performance does not guarantee future results. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155); this page is not investment advice. Questions? Book a consultation.