CEMVX vs. CIVIX
Compare and contrast key facts about Causeway Emerging Markets Investor (CEMVX) and Causeway International Value Instl (CIVIX).
CEMVX is managed by Causeway. It was launched on Mar 30, 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
CEMVX vs. CIVIX - Performance Comparison
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CEMVX vs. CIVIX - 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% |
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, CEMVX achieves a 1.84% return, which is significantly higher than CIVIX's -7.02% return. Over the past 10 years, CEMVX has underperformed CIVIX with an annualized return of 8.72%, while CIVIX has yielded a comparatively higher 9.29% annualized return.
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%
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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CEMVX vs. CIVIX - Expense Ratio Comparison
CEMVX has a 1.36% expense ratio, which is higher than CIVIX's 0.85% expense ratio.
Return for Risk
CEMVX vs. CIVIX — Risk / Return Rank
CEMVX
CIVIX
CEMVX vs. CIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Emerging Markets Investor (CEMVX) 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.
| CEMVX | CIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 0.85 | +1.02 |
Sortino ratioReturn per unit of downside risk | 2.40 | 1.24 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 0.91 | +1.61 |
Martin ratioReturn relative to average drawdown | 9.61 | 3.49 | +6.12 |
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
| CEMVX | CIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.85 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.58 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.48 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.38 | -0.13 |
Correlation
The correlation between CEMVX 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
CEMVX vs. CIVIX - Dividend Comparison
CEMVX's dividend yield for the trailing twelve months is around 2.22%, less than CIVIX's 10.45% 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% |
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
CEMVX vs. CIVIX - Drawdown Comparison
The maximum CEMVX drawdown since its inception was -69.02%, which is greater than CIVIX's maximum drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for CEMVX and CIVIX.
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Drawdown Indicators
| CEMVX | CIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.02% | -60.93% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -16.19% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -36.87% | -28.51% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -39.88% | -44.87% | +4.99% |
Current DrawdownCurrent decline from peak | -13.68% | -15.38% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -11.02% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 4.21% | -0.62% |
Volatility
CEMVX vs. CIVIX - Volatility Comparison
Causeway Emerging Markets Investor (CEMVX) has a higher volatility of 9.51% compared to Causeway International Value Instl (CIVIX) at 8.07%. This indicates that CEMVX'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
| CEMVX | CIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 8.07% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 12.08% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 18.74% | +0.82% |
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 | 18.10% | 19.26% | -1.16% |