CEMIX vs. VTMGX
Compare and contrast key facts about Causeway Emerging Markets Fund (CEMIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX).
CEMIX is managed by Causeway. It was launched on Mar 28, 2007. VTMGX is managed by Vanguard. It was launched on Aug 17, 1999.
Performance
CEMIX vs. VTMGX - Performance Comparison
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CEMIX vs. VTMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 4.78% | 36.22% | 14.90% | 17.13% | -23.05% | -0.83% | 16.95% | 16.73% | -17.91% | 39.79% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.46% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
Returns By Period
In the year-to-date period, CEMIX achieves a 4.78% return, which is significantly higher than VTMGX's 2.46% return. Both investments have delivered pretty close results over the past 10 years, with CEMIX having a 9.29% annualized return and VTMGX not far ahead at 9.31%.
CEMIX
- 1D
- 2.78%
- 1M
- -9.45%
- YTD
- 4.78%
- 6M
- 10.13%
- 1Y
- 40.28%
- 3Y*
- 22.30%
- 5Y*
- 6.61%
- 10Y*
- 9.29%
VTMGX
- 1D
- 2.96%
- 1M
- -7.62%
- YTD
- 2.46%
- 6M
- 7.79%
- 1Y
- 29.28%
- 3Y*
- 15.95%
- 5Y*
- 8.51%
- 10Y*
- 9.31%
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CEMIX vs. VTMGX - Expense Ratio Comparison
CEMIX has a 1.10% expense ratio, which is higher than VTMGX's 0.07% expense ratio.
Return for Risk
CEMIX vs. VTMGX — Risk / Return Rank
CEMIX
VTMGX
CEMIX vs. VTMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Fund (CEMIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). 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 | VTMGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 1.79 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.71 | 2.35 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.44 | +0.35 |
Martin ratioReturn relative to average drawdown | 10.93 | 9.56 | +1.37 |
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 | VTMGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.79 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.55 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.57 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.29 | -0.01 |
Correlation
The correlation between CEMIX and VTMGX is 0.76, 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. VTMGX - Dividend Comparison
CEMIX's dividend yield for the trailing twelve months is around 2.38%, less than VTMGX's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMIX Causeway Emerging Markets Fund | 2.38% | 2.49% | 3.73% | 4.85% | 4.87% | 23.35% | 1.36% | 2.03% | 2.01% | 1.58% | 1.55% | 1.69% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.92% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
Drawdowns
CEMIX vs. VTMGX - Drawdown Comparison
The maximum CEMIX drawdown since its inception was -68.90%, which is greater than VTMGX's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for CEMIX and VTMGX.
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Drawdown Indicators
| CEMIX | VTMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -60.58% | -8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -11.67% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -29.71% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -35.68% | -3.91% |
Current DrawdownCurrent decline from peak | -11.20% | -9.01% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -14.74% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.97% | +0.50% |
Volatility
CEMIX vs. VTMGX - Volatility Comparison
Causeway Emerging Markets Fund (CEMIX) has a higher volatility of 10.09% compared to Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) at 7.83%. This indicates that CEMIX's price experiences larger fluctuations and is considered to be riskier than VTMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMIX | VTMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 7.83% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 11.28% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 16.68% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 15.65% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 16.45% | +1.68% |