CHDEX vs. CIHIX
CHDEX (Cullen High Dividend Equity Fund) and CIHIX (Cullen International High Dividend Fund) are both mutual funds - CHDEX is a Large Cap Value Equities fund managed by Cullen, while CIHIX is a Foreign Large Cap Equities fund managed by Cullen. Over the past 10 years, CHDEX returned 9.91%/yr vs 8.05%/yr for CIHIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.00% expense ratio.
Performance
CHDEX vs. CIHIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CHDEX having a 13.81% return and CIHIX slightly higher at 14.07%. Over the past 10 years, CHDEX has outperformed CIHIX with an annualized return of 9.91%, while CIHIX has yielded a comparatively lower 8.05% annualized return.
CHDEX
- 1D
- -0.16%
- 1M
- 2.19%
- 6M
- 9.30%
- YTD
- 13.81%
- 1Y
- 24.12%
- 3Y*
- 17.51%
- 5Y*
- 11.13%
- 10Y*
- 9.91%
- ALL TIME*
- 9.03%
CIHIX
- 1D
- 0.87%
- 1M
- 3.72%
- 6M
- 7.23%
- YTD
- 14.07%
- 1Y
- 25.42%
- 3Y*
- 17.38%
- 5Y*
- 9.92%
- 10Y*
- 8.05%
- ALL TIME*
- 5.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CHDEX vs. CIHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDEX Cullen High Dividend Equity Fund | 13.81% | 18.04% | 20.77% | 2.76% | -4.50% | 26.34% | -4.36% | 19.69% | -5.40% | 16.79% |
CIHIX Cullen International High Dividend Fund | 14.07% | 29.49% | 4.12% | 17.81% | -11.99% | 11.24% | 3.07% | 21.30% | -15.62% | 17.99% |
Correlation
The correlation between CHDEX and CIHIX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2005 | 0.72 |
Over the past year, the correlation between CHDEX and CIHIX has dropped to 0.52 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
CHDEX vs. CIHIX — Risk / Return Rank
CHDEX
CIHIX
CHDEX vs. CIHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen High Dividend Equity Fund (CHDEX) and Cullen International High Dividend Fund (CIHIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CHDEX | CIHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.43 | +1.05 |
| Martin ratioReturn relative to average drawdown | 12.66 | 7.96 | +4.71 |
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Drawdowns
CHDEX vs. CIHIX - Drawdown Comparison
The maximum CHDEX drawdown since its inception was -49.12%, smaller than the maximum CIHIX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for CHDEX and CIHIX.
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Drawdown Indicators
| CHDEX | CIHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -59.67% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -10.14% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -12.57% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -27.10% | +8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -34.18% | -2.86% |
Current DrawdownCurrent decline from peak | -1.22% | 0.00% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -14.46% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 3.09% | -1.32% |
Volatility
CHDEX vs. CIHIX - Volatility Comparison
The current volatility for Cullen High Dividend Equity Fund (CHDEX) is 3.07%, while Cullen International High Dividend Fund (CIHIX) has a volatility of 3.48%. This indicates that CHDEX experiences smaller price fluctuations and is considered to be less risky than CIHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHDEX | CIHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.48% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 9.62% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 11.78% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 13.28% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 14.16% | +1.92% |
CHDEX vs. CIHIX - Expense Ratio Comparison
Both CHDEX and CIHIX have an expense ratio of 1.00%.
Dividends
CHDEX vs. CIHIX - Dividend Comparison
CHDEX's dividend yield for the trailing twelve months is around 13.39%, more than CIHIX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDEX Cullen High Dividend Equity Fund | 13.39% | 15.18% | 25.41% | 12.44% | 7.46% | 10.89% | 11.08% | 6.24% | 14.14% | 9.93% | 5.24% | 5.05% |
CIHIX Cullen International High Dividend Fund | 3.98% | 3.18% | 5.22% | 4.04% | 1.16% | 3.01% | 2.22% | 3.54% | 3.13% | 3.35% | 3.09% | 2.93% |
Frequently Asked Questions
CHDEX and CIHIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIHIX has higher volatility (3.48%) compared to CHDEX (3.07%). In terms of maximum drawdown, CHDEX dropped -49.12% vs CIHIX's -59.67%.
CHDEX currently has the higher Sharpe Ratio (2.36 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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