CEMIX vs. MNTRX
CEMIX (Causeway Emerging Markets Fund) and MNTRX (Allspring Core Bond Fund) are both mutual funds - CEMIX is a Emerging Markets Diversified fund managed by Causeway, while MNTRX is a Intermediate Core Bond fund managed by Allspring Global Investments. Over the past 10 years, CEMIX returned 12.58%/yr vs 1.35%/yr for MNTRX. At a correlation of -0.12, they often move in opposite directions. CEMIX charges 1.10%/yr vs 0.70%/yr for MNTRX.
Performance
CEMIX vs. MNTRX - Performance Comparison
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Returns By Period
In the year-to-date period, CEMIX achieves a 37.09% return, which is significantly higher than MNTRX's 0.02% return. Over the past 10 years, CEMIX has outperformed MNTRX with an annualized return of 12.58%, while MNTRX has yielded a comparatively lower 1.35% annualized return.
CEMIX
- 1D
- 0.66%
- 1M
- 8.19%
- YTD
- 37.09%
- 6M
- 39.02%
- 1Y
- 66.41%
- 3Y*
- 32.21%
- 5Y*
- 12.40%
- 10Y*
- 12.58%
MNTRX
- 1D
- -0.27%
- 1M
- 0.61%
- YTD
- 0.02%
- 6M
- 0.35%
- 1Y
- 4.11%
- 3Y*
- 3.79%
- 5Y*
- -0.26%
- 10Y*
- 1.35%
CEMIX vs. MNTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 37.09% | 36.22% | 14.90% | 17.13% | -23.05% | -0.83% | 16.95% | 16.73% | -17.91% | 39.79% |
MNTRX Allspring Core Bond Fund | 0.02% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
Correlation
The correlation between CEMIX and MNTRX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | -0.12 |
The correlation between CEMIX and MNTRX shifts across timeframes, from -0.12 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEMIX vs. MNTRX — Risk / Return Rank
CEMIX
MNTRX
CEMIX vs. MNTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Fund (CEMIX) and Allspring Core Bond Fund (MNTRX). 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.
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.
| CEMIX | MNTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.20 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 1.44 | +3.56 |
| Martin ratioReturn relative to average drawdown | 18.89 | 4.12 | +14.77 |
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Drawdowns
CEMIX vs. MNTRX - Drawdown Comparison
The maximum CEMIX drawdown since its inception was -68.90%, which is greater than MNTRX's maximum drawdown of -19.36%. Use the drawdown chart below to compare losses from any high point for CEMIX and MNTRX.
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Drawdown Indicators
| CEMIX | MNTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -19.36% | -49.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -3.06% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -6.27% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.29% | -18.91% | -17.38% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -19.36% | -20.23% |
Current DrawdownCurrent decline from peak | 0.00% | -3.40% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -15.76% | -2.46% | -13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.07% | +2.51% |
Volatility
CEMIX vs. MNTRX - Volatility Comparison
Causeway Emerging Markets Fund (CEMIX) has a higher volatility of 12.45% compared to Allspring Core Bond Fund (MNTRX) at 1.16%. This indicates that CEMIX's price experiences larger fluctuations and is considered to be riskier than MNTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMIX | MNTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.45% | 1.16% | +11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 2.96% | +17.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 3.93% | +18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 6.05% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 4.97% | +13.72% |
CEMIX vs. MNTRX - Expense Ratio Comparison
CEMIX has a 1.10% expense ratio, which is higher than MNTRX's 0.70% expense ratio.
Dividends
CEMIX vs. MNTRX - Dividend Comparison
CEMIX's dividend yield for the trailing twelve months is around 1.82%, less than MNTRX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 1.82% | 2.49% | 3.73% | 4.85% | 4.87% | 23.35% | 1.36% | 2.03% | 2.01% | 1.58% | 1.55% | 1.69% |
MNTRX Allspring Core Bond Fund | 4.07% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
Frequently Asked Questions
CEMIX and MNTRX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEMIX has higher volatility (12.45%) compared to MNTRX (1.16%). In terms of maximum drawdown, CEMIX dropped -68.90% vs MNTRX's -19.36%.
CEMIX currently has the higher Sharpe Ratio (2.99 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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