CIHIX vs. SVAIX

Last updated Jun 24, 2026

CIHIX (Cullen International High Dividend Fund) and SVAIX (Federated Hermes Strategic Value Dividend Fund) are both mutual funds - CIHIX is a Foreign Large Cap Equities fund managed by Cullen Funds Trust, while SVAIX is a Large Cap Value Equities fund managed by Federated. Over the past 10 years, CIHIX returned 8.28%/yr vs 8.26%/yr for SVAIX. A 0.67 correlation means they provide meaningful diversification when combined. CIHIX charges 1.00%/yr vs 0.81%/yr for SVAIX.

Performance

CIHIX vs. SVAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen International High Dividend Fund (CIHIX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CIHIX having a 9.39% return and SVAIX slightly lower at 9.26%. Both investments have delivered pretty close results over the past 10 years, with CIHIX having a 8.28% annualized return and SVAIX not far behind at 8.26%.

CIHIX

• 1D: -0.07%
• 1M: -1.22%
• YTD: 9.39%
• 6M: 9.80%
• 1Y: 21.16%
• 3Y*: 17.19%
• 5Y*: 9.01%
• 10Y*: 8.28%

SVAIX

• 1D: 0.46%
• 1M: -1.97%
• YTD: 9.26%
• 6M: 9.09%
• 1Y: 19.74%
• 3Y*: 15.51%
• 5Y*: 10.68%
• 10Y*: 8.26%

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

CIHIX vs. SVAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIHIX Cullen International High Dividend Fund	9.39%	29.49%	4.12%	17.81%	-11.99%	11.24%	3.07%	21.30%	-15.62%	17.99%
SVAIX Federated Hermes Strategic Value Dividend Fund	9.26%	15.26%	16.47%	-1.81%	8.47%	21.52%	-7.88%	19.59%	-8.23%	15.10%

Correlation

The correlation between CIHIX and SVAIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 19, 2005	0.67

Over the past year, the correlation between CIHIX and SVAIX has dropped to 0.37 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

CIHIX vs. SVAIX — Risk / Return Rank

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

CIHIX

CIHIX Risk / Return Rank: 42
CIHIX Sharpe Ratio Rank: 47
CIHIX Sortino Ratio Rank: 45
CIHIX Omega Ratio Rank: 47
CIHIX Calmar Ratio Rank: 36
CIHIX Martin Ratio Rank: 34

SVAIX

SVAIX Risk / Return Rank: 80
SVAIX Sharpe Ratio Rank: 78
SVAIX Sortino Ratio Rank: 78
SVAIX Omega Ratio Rank: 62
SVAIX Calmar Ratio Rank: 95
SVAIX Martin Ratio Rank: 85

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.

CIHIX vs. SVAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen International High Dividend Fund (CIHIX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). 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.

	CIHIX	SVAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.38	-0.52
Sortino ratio: Return per unit of downside risk	2.61	3.39	-0.78
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.14	5.48	-3.34
Martin ratio: Return relative to average drawdown	7.17	14.72	-7.55

CIHIX vs. SVAIX - Sharpe Ratio Comparison

The current CIHIX Sharpe Ratio is 1.87, which is comparable to the SVAIX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of CIHIX and SVAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CIHIX vs. SVAIX - Drawdown Comparison

The maximum CIHIX drawdown since its inception was -59.67%, which is greater than SVAIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for CIHIX and SVAIX.

Drawdown Indicators

	CIHIX	SVAIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.67%	-50.62%	-9.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-4.66%	-5.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.57%	-12.64%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-27.10%	-16.13%	-10.97%
Max Drawdown (10Y) Largest decline over 10 years	-34.18%	-36.53%	+2.35%
Current Drawdown Current decline from peak	-2.92%	-3.08%	+0.16%
Average Drawdown Average peak-to-trough decline	-14.53%	-7.69%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.67%	+1.36%

Volatility

CIHIX vs. SVAIX - Volatility Comparison

The current volatility for Cullen International High Dividend Fund (CIHIX) is 2.74%, while Federated Hermes Strategic Value Dividend Fund (SVAIX) has a volatility of 4.01%. This indicates that CIHIX experiences smaller price fluctuations and is considered to be less risky than SVAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIHIX	SVAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	4.01%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	7.77%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	10.75%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	13.67%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	15.47%	-1.11%

CIHIX vs. SVAIX - Expense Ratio Comparison

CIHIX has a 1.00% expense ratio, which is higher than SVAIX's 0.81% expense ratio.

Dividends

CIHIX vs. SVAIX - Dividend Comparison

CIHIX's dividend yield for the trailing twelve months is around 3.74%, less than SVAIX's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIHIX Cullen International High Dividend Fund	3.74%	3.18%	5.22%	4.04%	1.16%	3.01%	2.22%	3.54%	3.13%	3.35%	3.09%	2.93%
SVAIX Federated Hermes Strategic Value Dividend Fund	6.35%	6.41%	7.58%	4.32%	9.68%	3.72%	4.28%	8.75%	8.54%	10.36%	5.24%	8.67%

Frequently Asked Questions

Can I hold both CIHIX and SVAIX in my portfolio?

CIHIX and SVAIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIHIX or SVAIX?

SVAIX has higher volatility (4.01%) compared to CIHIX (2.74%). In terms of maximum drawdown, CIHIX dropped -59.67% vs SVAIX's -50.62%.

Which has better risk-adjusted returns?

SVAIX currently has the higher Sharpe Ratio (2.38 vs 1.87), 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.