Terrestrial water storage and water fluxes modulating the land-atmosphere interaction are key components of the global water cycle and energy budget. Water storage is in direct connection with the partitioning of precipitation into runoff and evaporation (Lehner et al., 2019;Pokhrel et al., 2021), the latter currently accounting for two-thirds of global precipitation (Good et al., 2015). The intensification of the global water cycle driven by an already changing climate represents a challenge for future water security (Lehner et al., 2019), and is likely to affect the occurrence of extreme events such as droughts and floods (Blöschl et al., 2020;Miralles et al., 2019;Peterson et al., 2021). Moreover, evaporation is projected to increase in the context of global warming (IPCC, 2021), and its changes can pose an important threat for water resources availability and the biosphere (Konapala et al., 2020;Koppa et al., 2022).The scientific underpinning for understanding and monitoring the water cycle relies upon simulations of water stores and fluxes (Fersch et al., 2020;Pokhrel et al., 2021). Our ability to reproduce existing hydroclimatic conditions and anticipate their future changes depends on an accurate representation of hydrologic processes within both climate and hydrologic model structures (Clark et al., 2015;Koppa et al., 2022). From a hydrologic perspective, this situation brings about the need to enhance physical realism in process-based hydrologic models by developing approaches focused on multiple dominant processes and calibration strategies that integrate multivariate data (Clark et al., 2017(Clark et al., , 2021Efstratiadis & Koutsoyiannis, 2010). The incorporation of multiple data sources into the calibration stage permits to identify meaningful parameter combinations and helps achieve a more realistic representation of the hydrologic cycle (