CEMIX vs. CIVIX
Compare and contrast key facts about Causeway Emerging Markets Fund (CEMIX) and Causeway International Value Instl (CIVIX).
CEMIX is managed by Causeway. It was launched on Mar 28, 2007. CIVIX is a passively managed fund by Causeway that tracks the performance of the MSCI AC World ex USA Value (Net). It was launched on Oct 26, 2001.
Performance
CEMIX vs. CIVIX - Performance Comparison
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CEMIX vs. CIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 1.94% | 36.22% | 14.90% | 17.13% | -23.05% | -0.83% | 16.95% | 16.73% | -17.91% | 39.79% |
CIVIX Causeway International Value Instl | -7.02% | 39.13% | 3.73% | 27.29% | -6.77% | 9.12% | 5.41% | 20.11% | -18.62% | 27.20% |
Returns By Period
In the year-to-date period, CEMIX achieves a 1.94% return, which is significantly higher than CIVIX's -7.02% return. Both investments have delivered pretty close results over the past 10 years, with CEMIX having a 8.99% annualized return and CIVIX not far ahead at 9.29%.
CEMIX
- 1D
- -2.64%
- 1M
- -12.74%
- YTD
- 1.94%
- 6M
- 8.30%
- 1Y
- 37.97%
- 3Y*
- 21.19%
- 5Y*
- 6.32%
- 10Y*
- 8.99%
CIVIX
- 1D
- 0.78%
- 1M
- -15.11%
- YTD
- -7.02%
- 6M
- 0.62%
- 1Y
- 17.46%
- 3Y*
- 14.39%
- 5Y*
- 10.21%
- 10Y*
- 9.29%
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CEMIX vs. CIVIX - Expense Ratio Comparison
CEMIX has a 1.10% expense ratio, which is higher than CIVIX's 0.85% expense ratio.
Return for Risk
CEMIX vs. CIVIX — Risk / Return Rank
CEMIX
CIVIX
CEMIX vs. CIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Fund (CEMIX) and Causeway International Value Instl (CIVIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CEMIX | CIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.85 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.43 | 1.24 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.91 | +1.64 |
Martin ratioReturn relative to average drawdown | 9.76 | 3.49 | +6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEMIX | CIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.85 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.58 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.48 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.12 |
Correlation
The correlation between CEMIX and CIVIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CEMIX vs. CIVIX - Dividend Comparison
CEMIX's dividend yield for the trailing twelve months is around 2.45%, less than CIVIX's 10.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 2.45% | 2.49% | 3.73% | 4.85% | 4.87% | 23.35% | 1.36% | 2.03% | 2.01% | 1.58% | 1.55% | 1.69% |
CIVIX Causeway International Value Instl | 10.45% | 9.72% | 9.25% | 3.61% | 1.78% | 1.82% | 1.37% | 4.63% | 3.55% | 1.83% | 1.96% | 1.95% |
Drawdowns
CEMIX vs. CIVIX - Drawdown Comparison
The maximum CEMIX drawdown since its inception was -68.90%, which is greater than CIVIX's maximum drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for CEMIX and CIVIX.
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Drawdown Indicators
| CEMIX | CIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -60.93% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -16.19% | +2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -28.51% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -44.87% | +5.28% |
Current DrawdownCurrent decline from peak | -13.61% | -15.38% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -11.02% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.21% | -0.64% |
Volatility
CEMIX vs. CIVIX - Volatility Comparison
Causeway Emerging Markets Fund (CEMIX) has a higher volatility of 9.52% compared to Causeway International Value Instl (CIVIX) at 8.07%. This indicates that CEMIX's price experiences larger fluctuations and is considered to be riskier than CIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMIX | CIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 8.07% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 12.08% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 18.74% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 17.84% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 19.26% | -1.15% |