- ISIN
- US1494982069
- CUSIP
- 149498206
- Issuer
- Causeway
- Inception Date
- Mar 30, 2007
- Category
- Emerging Markets Diversified
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
CEMVX Performance Chart
Causeway Emerging Markets Investor (CEMVX) is up 36.0% since the beginning of the year. CEMVX is currently trading at $20 per share. Investors who bought $1,000 worth of CEMVX shares 5 years ago would now be looking at an investment worth $1,775.
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Returns By Period
Causeway Emerging Markets Investor (CEMVX) has returned 36.01% so far this year and 65.42% over the past 12 months. Over the last ten years, CEMVX has returned 12.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Causeway Emerging Markets Investor
- 1D
- 1.78%
- 1M
- 7.53%
- YTD
- 36.01%
- 6M
- 38.56%
- 1Y
- 65.42%
- 3Y*
- 30.19%
- 5Y*
- 12.16%
- 10Y*
- 12.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CEMVX Monthly Returns History
Based on dividend-adjusted daily data since Mar 30, 2007, CEMVX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +18.9%, while the worst month was Oct 2008 at -30.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CEMVX closed higher 51% of trading days. The best single day was Oct 28, 2008 with a return of +14.7%, while the worst single day was Oct 15, 2008 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.19% | 6.92% | -10.38% | 15.35% | 9.19% | 3.20% | 36.01% | ||||||
| 2025 | -0.27% | -0.36% | 1.27% | 0.54% | 6.08% | 8.59% | 1.09% | 3.38% | 5.12% | 4.80% | -2.36% | 3.74% | 35.92% |
| 2024 | -0.30% | 5.43% | 2.38% | 2.23% | 2.73% | 3.90% | -0.51% | -0.60% | 5.00% | -3.86% | -2.22% | -0.01% | 14.62% |
| 2023 | 8.17% | -6.41% | 3.65% | 0.11% | -1.49% | 5.95% | 5.61% | -5.12% | -0.51% | -5.12% | 7.98% | 4.34% | 16.83% |
| 2022 | -0.33% | -4.54% | -3.29% | -5.01% | 0.47% | -8.90% | 0.93% | 0.51% | -11.76% | -2.41% | 13.55% | -3.21% | -23.20% |
| 2021 | 3.69% | 2.03% | -0.87% | 1.69% | 0.74% | 1.04% | -5.58% | 1.03% | -4.70% | 0.73% | -4.57% | 4.26% | -1.10% |
Benchmark Metrics
Causeway Emerging Markets Investor has an annualized alpha of 0.20%, beta of 0.90, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since March 30, 2007.
- This fund participated in 99.92% of S&P 500 Index downside but only 93.15% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.90 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.20%
- Beta
- 0.90
- R²
- 0.62
- Upside Capture
- 93.15%
- Downside Capture
- 99.92%
Expense Ratio
CEMVX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CEMVX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Causeway Emerging Markets Investor (CEMVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEMVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.78 | +2.03 |
| Martin ratioReturn relative to average drawdown | 18.13 | 12.44 | +5.69 |
Dividends
Dividend History
Causeway Emerging Markets Investor provided a 1.66% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.38 | $0.45 | $0.39 | $2.75 | $0.18 | $0.24 | $0.18 | $0.19 | $0.14 | $0.14 |
Dividend yield | 1.66% | 2.26% | 3.45% | 4.55% | 4.40% | 22.65% | 1.18% | 1.79% | 1.54% | 1.36% | 1.30% | 1.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Causeway Emerging Markets Investor. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.75 | $2.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Causeway Emerging Markets Investor. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Causeway Emerging Markets Investor was 69.02%, occurring on Nov 20, 2008. Recovery took 597 trading sessions.
The current Causeway Emerging Markets Investor drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -69.02%Nov 2008 | 1y 20d | 2y 4mo | 3y 5moNov 2007 - Apr 2011 |
COVID crash2020 | -39.88%Mar 2020 | 2y 1mo | 9mo 12d | 2y 11moJan 2018 - Dec 2020 |
Bear market2022 | -39.28%Oct 2022 | 1y 8mo | 2y 7mo | 4y 3moFeb 2021 - Jun 2025 |
2016 bear market2016 | -35.83%Jan 2016 | 8mo 27d | 1y 5mo | 2y 2moApr 2015 - Jul 2017 |
2011 bear market2011 | -29.85%Oct 2011 | 5mo 3d | 2y 7mo | 3y 21dMay 2011 - May 2014 |
Drawdown Indicators
| CEMVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.02% | -56.78% | -12.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -9.10% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.01% | -18.90% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -25.43% | -11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -33.92% | -5.96% |
Current DrawdownCurrent decline from peak | -0.30% | -1.80% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -10.71% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.03% | +1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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