CGVIX vs. CIVIX
Compare and contrast key facts about Causeway Global Value Fund (CGVIX) and Causeway International Value Instl (CIVIX).
CGVIX is managed by Causeway. It was launched on Apr 28, 2008. 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
CGVIX vs. CIVIX - Performance Comparison
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CGVIX vs. CIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGVIX Causeway Global Value Fund | -8.49% | 34.03% | 12.85% | 29.80% | -12.06% | 16.44% | 7.39% | 21.26% | -11.23% | 20.22% |
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, CGVIX achieves a -8.49% return, which is significantly lower than CIVIX's -7.02% return. Over the past 10 years, CGVIX has outperformed CIVIX with an annualized return of 10.95%, while CIVIX has yielded a comparatively lower 9.29% annualized return.
CGVIX
- 1D
- 0.51%
- 1M
- -13.93%
- YTD
- -8.49%
- 6M
- -1.72%
- 1Y
- 18.74%
- 3Y*
- 16.60%
- 5Y*
- 10.74%
- 10Y*
- 10.95%
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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CGVIX vs. CIVIX - Expense Ratio Comparison
Both CGVIX and CIVIX have an expense ratio of 0.85%.
Return for Risk
CGVIX vs. CIVIX — Risk / Return Rank
CGVIX
CIVIX
CGVIX vs. CIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway Global Value Fund (CGVIX) 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.
| CGVIX | CIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.85 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.24 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.91 | +0.12 |
Martin ratioReturn relative to average drawdown | 3.81 | 3.49 | +0.32 |
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
| CGVIX | CIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.85 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.58 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.48 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.38 | -0.06 |
Correlation
The correlation between CGVIX and CIVIX is 0.93, 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
CGVIX vs. CIVIX - Dividend Comparison
CGVIX's dividend yield for the trailing twelve months is around 10.78%, more than CIVIX's 10.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGVIX Causeway Global Value Fund | 10.78% | 9.86% | 24.61% | 2.36% | 0.88% | 3.30% | 1.36% | 4.77% | 18.28% | 8.49% | 1.37% | 3.26% |
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
CGVIX vs. CIVIX - Drawdown Comparison
The maximum CGVIX drawdown since its inception was -62.29%, roughly equal to the maximum CIVIX drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for CGVIX and CIVIX.
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Drawdown Indicators
| CGVIX | CIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -60.93% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -16.19% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.26% | -28.51% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -44.30% | -44.87% | +0.57% |
Current DrawdownCurrent decline from peak | -14.57% | -15.38% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -11.02% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 4.21% | -0.17% |
Volatility
CGVIX vs. CIVIX - Volatility Comparison
The current volatility for Causeway Global Value Fund (CGVIX) is 6.55%, while Causeway International Value Instl (CIVIX) has a volatility of 8.07%. This indicates that CGVIX experiences smaller price fluctuations and is considered to be less risky 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
| CGVIX | CIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 8.07% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 12.08% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 18.74% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 17.84% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 19.26% | +2.67% |