CIOVX vs. PZRIX
Compare and contrast key facts about Causeway International Opps Fd (CIOVX) and PIMCO RAE Global ex-US Fund (PZRIX).
CIOVX is managed by Causeway. It was launched on Dec 30, 2009. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
CIOVX vs. PZRIX - Performance Comparison
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CIOVX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | -2.23% | 36.68% | 8.35% | 24.39% | -11.28% | 6.38% | 5.21% | 21.40% | -18.62% | 29.39% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, CIOVX achieves a -2.23% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, CIOVX has underperformed PZRIX with an annualized return of 9.23%, while PZRIX has yielded a comparatively higher 10.15% annualized return.
CIOVX
- 1D
- 2.27%
- 1M
- -9.83%
- YTD
- -2.23%
- 6M
- 3.25%
- 1Y
- 23.68%
- 3Y*
- 17.25%
- 5Y*
- 9.49%
- 10Y*
- 9.23%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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CIOVX vs. PZRIX - Expense Ratio Comparison
CIOVX has a 1.20% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
CIOVX vs. PZRIX — Risk / Return Rank
CIOVX
PZRIX
CIOVX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Opps Fd (CIOVX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| CIOVX | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.67 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.87 | 3.39 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.52 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.09 | -1.67 |
Martin ratioReturn relative to average drawdown | 5.51 | 14.29 | -8.78 |
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
| CIOVX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.67 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.69 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.60 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.59 | -0.21 |
Correlation
The correlation between CIOVX and PZRIX is 0.90, 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
CIOVX vs. PZRIX - Dividend Comparison
CIOVX's dividend yield for the trailing twelve months is around 8.92%, more than PZRIX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | 8.92% | 8.72% | 9.86% | 2.51% | 2.52% | 1.38% | 1.20% | 2.34% | 2.53% | 1.33% | 3.74% | 1.44% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
CIOVX vs. PZRIX - Drawdown Comparison
The maximum CIOVX drawdown since its inception was -43.70%, roughly equal to the maximum PZRIX drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for CIOVX and PZRIX.
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Drawdown Indicators
| CIOVX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -43.53% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -10.68% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -30.85% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -43.53% | -0.17% |
Current DrawdownCurrent decline from peak | -12.47% | -5.20% | -7.27% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -9.00% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.45% | +1.41% |
Volatility
CIOVX vs. PZRIX - Volatility Comparison
Causeway International Opps Fd (CIOVX) has a higher volatility of 7.82% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that CIOVX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIOVX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 5.45% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 8.92% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 14.17% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 15.85% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 17.02% | +1.29% |