CEMVX vs. CEMIX

Last updated Apr 1, 2026

Compare and contrast key facts about Causeway Emerging Markets Investor (CEMVX) and Causeway Emerging Markets Fund (CEMIX).

CEMVX is managed by Causeway. It was launched on Mar 30, 2007. CEMIX is managed by Causeway. It was launched on Mar 28, 2007.

Performance

CEMVX vs. CEMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Causeway Emerging Markets Investor (CEMVX) and Causeway Emerging Markets Fund (CEMIX). The values are adjusted to include any dividend payments, if applicable.

CEMVX vs. CEMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEMVX Causeway Emerging Markets Investor	1.84%	35.92%	14.62%	16.83%	-23.20%	-1.10%	16.73%	16.39%	-18.06%	39.48%
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%

Returns By Period

In the year-to-date period, CEMVX achieves a 1.84% return, which is significantly lower than CEMIX's 1.94% return. Both investments have delivered pretty close results over the past 10 years, with CEMVX having a 8.72% annualized return and CEMIX not far ahead at 8.99%.

CEMVX

• 1D: -2.67%
• 1M: -12.77%
• YTD: 1.84%
• 6M: 8.11%
• 1Y: 37.54%
• 3Y*: 20.89%
• 5Y*: 6.07%
• 10Y*: 8.72%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEMVX vs. CEMIX - Expense Ratio Comparison

CEMVX has a 1.36% expense ratio, which is higher than CEMIX's 1.10% expense ratio.

CEMVX

Causeway Emerging Markets Investor

CEMIX

Causeway Emerging Markets Fund

Return for Risk

CEMVX vs. CEMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEMVX

CEMVX Risk / Return Rank: 88
CEMVX Sharpe Ratio Rank: 90
CEMVX Sortino Ratio Rank: 87
CEMVX Omega Ratio Rank: 85
CEMVX Calmar Ratio Rank: 90
CEMVX Martin Ratio Rank: 88

CEMIX

CEMIX Risk / Return Rank: 89
CEMIX Sharpe Ratio Rank: 91
CEMIX Sortino Ratio Rank: 88
CEMIX Omega Ratio Rank: 86
CEMIX Calmar Ratio Rank: 90
CEMIX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEMVX vs. CEMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Investor (CEMVX) and Causeway Emerging Markets Fund (CEMIX). 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.

	CEMVX	CEMIX	Difference
Sharpe ratio Return per unit of total volatility	1.87	1.89	-0.02
Sortino ratio Return per unit of downside risk	2.40	2.43	-0.03
Omega ratio Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio Return relative to maximum drawdown	2.52	2.55	-0.04
Martin ratio Return relative to average drawdown	9.61	9.76	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEMVX vs. CEMIX - Sharpe Ratio Comparison

The current CEMVX Sharpe Ratio is 1.87, which is comparable to the CEMIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of CEMVX and CEMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEMVX	CEMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.89	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.37	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.50	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.27	-0.01

Correlation

The correlation between CEMVX and CEMIX is 1.00, 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

CEMVX vs. CEMIX - Dividend Comparison

CEMVX's dividend yield for the trailing twelve months is around 2.22%, less than CEMIX's 2.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEMVX Causeway Emerging Markets Investor	2.22%	2.26%	3.45%	4.55%	4.40%	22.65%	1.18%	1.79%	1.54%	1.36%	1.30%	1.48%
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%

Drawdowns

CEMVX vs. CEMIX - Drawdown Comparison

The maximum CEMVX drawdown since its inception was -69.02%, roughly equal to the maximum CEMIX drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for CEMVX and CEMIX.

Drawdown Indicators

	CEMVX	CEMIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.02%	-68.90%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-13.61%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-36.87%	-36.63%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	-39.88%	-39.59%	-0.29%
Current Drawdown Current decline from peak	-13.68%	-13.61%	-0.07%
Average Drawdown Average peak-to-trough decline	-16.15%	-15.91%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	3.57%	+0.02%

Volatility

CEMVX vs. CEMIX - Volatility Comparison

Causeway Emerging Markets Investor (CEMVX) and Causeway Emerging Markets Fund (CEMIX) have volatilities of 9.51% and 9.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEMVX	CEMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	9.52%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	14.92%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.56%	19.54%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	17.09%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	18.11%	-0.01%