CEMIX vs. SPEM
Compare and contrast key facts about Causeway Emerging Markets Fund (CEMIX) and SPDR Portfolio Emerging Markets ETF (SPEM).
CEMIX is managed by Causeway. It was launched on Mar 28, 2007. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEMIX or SPEM.
Correlation
The correlation between CEMIX and SPEM is 0.90, 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.
Performance
CEMIX vs. SPEM - Performance Comparison
Key characteristics
CEMIX:
0.90
SPEM:
1.22
CEMIX:
1.32
SPEM:
1.76
CEMIX:
1.16
SPEM:
1.22
CEMIX:
0.42
SPEM:
0.97
CEMIX:
2.82
SPEM:
3.72
CEMIX:
4.85%
SPEM:
4.76%
CEMIX:
15.31%
SPEM:
14.52%
CEMIX:
-71.30%
SPEM:
-64.41%
CEMIX:
-22.64%
SPEM:
-4.10%
Returns By Period
In the year-to-date period, CEMIX achieves a 3.77% return, which is significantly lower than SPEM's 5.34% return. Over the past 10 years, CEMIX has underperformed SPEM with an annualized return of 2.12%, while SPEM has yielded a comparatively higher 4.70% annualized return.
CEMIX
3.77%
3.86%
2.70%
13.89%
1.28%
2.12%
SPEM
5.34%
4.74%
7.33%
17.22%
4.98%
4.70%
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CEMIX vs. SPEM - Expense Ratio Comparison
CEMIX has a 1.10% expense ratio, which is higher than SPEM's 0.11% expense ratio.
Risk-Adjusted Performance
CEMIX vs. SPEM — Risk-Adjusted Performance Rank
CEMIX
SPEM
CEMIX vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Fund (CEMIX) and SPDR Portfolio Emerging Markets ETF (SPEM). 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.
Dividends
CEMIX vs. SPEM - Dividend Comparison
CEMIX's dividend yield for the trailing twelve months is around 3.60%, more than SPEM's 2.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 3.60% | 3.73% | 4.85% | 4.87% | 3.30% | 1.36% | 2.03% | 2.02% | 1.57% | 1.55% | 1.69% | 2.40% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.64% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% |
Drawdowns
CEMIX vs. SPEM - Drawdown Comparison
The maximum CEMIX drawdown since its inception was -71.30%, which is greater than SPEM's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for CEMIX and SPEM. For additional features, visit the drawdowns tool.
Volatility
CEMIX vs. SPEM - Volatility Comparison
Causeway Emerging Markets Fund (CEMIX) has a higher volatility of 3.88% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 3.43%. This indicates that CEMIX's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.