CIOVX vs. SWRLX
CIOVX (Causeway International Opps Fd) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, CIOVX returned 10.48%/yr vs 10.60%/yr for SWRLX. Their correlation of 0.89 means they have usually moved in the same direction. CIOVX charges 1.20%/yr vs 1.37%/yr for SWRLX.
Performance
CIOVX vs. SWRLX - Performance Comparison
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Returns By Period
In the year-to-date period, CIOVX achieves a 12.78% return, which is significantly lower than SWRLX's 21.39% return. Both investments have delivered pretty close results over the past 10 years, with CIOVX having a 10.48% annualized return and SWRLX not far ahead at 10.60%.
CIOVX
- 1D
- 2.73%
- 1M
- -0.14%
- 6M
- 6.71%
- YTD
- 12.78%
- 1Y
- 29.22%
- 3Y*
- 19.81%
- 5Y*
- 12.81%
- 10Y*
- 10.48%
- ALL TIME*
- 7.79%
SWRLX
- 1D
- 2.18%
- 1M
- 0.70%
- 6M
- 12.44%
- YTD
- 21.39%
- 1Y
- 45.70%
- 3Y*
- 23.29%
- 5Y*
- 13.08%
- 10Y*
- 10.60%
- ALL TIME*
- 7.51%
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 |
CIOVX vs. SWRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | 12.78% | 36.68% | 8.35% | 24.39% | -11.28% | 6.38% | 5.21% | 21.40% | -18.62% | 29.39% |
SWRLX Touchstone International Equity Fund | 21.39% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between CIOVX and SWRLX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.89 |
The correlation between CIOVX and SWRLX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
CIOVX vs. SWRLX — Risk / Return Rank
CIOVX
SWRLX
CIOVX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Opps Fd (CIOVX) and Touchstone International Equity Fund (SWRLX). 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.
| CIOVX | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.88 | -2.07 |
| Martin ratioReturn relative to average drawdown | 6.37 | 13.62 | -7.25 |
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Drawdowns
CIOVX vs. SWRLX - Drawdown Comparison
The maximum CIOVX drawdown since its inception was -43.70%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for CIOVX and SWRLX.
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Drawdown Indicators
| CIOVX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -59.44% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -11.49% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -14.08% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.10% | -34.19% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -35.95% | -7.75% |
Current DrawdownCurrent decline from peak | -1.71% | -2.56% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -11.58% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.27% | +0.96% |
Volatility
CIOVX vs. SWRLX - Volatility Comparison
Causeway International Opps Fd (CIOVX) and Touchstone International Equity Fund (SWRLX) have volatilities of 5.38% and 5.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIOVX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 5.46% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 13.85% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 15.77% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 17.67% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.65% | +1.61% |
CIOVX vs. SWRLX - Expense Ratio Comparison
CIOVX has a 1.20% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
CIOVX vs. SWRLX - Dividend Comparison
CIOVX's dividend yield for the trailing twelve months is around 7.73%, more than SWRLX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | 7.73% | 8.72% | 9.86% | 2.51% | 2.52% | 1.38% | 1.20% | 2.34% | 2.53% | 1.33% | 3.74% | 1.44% |
SWRLX Touchstone International Equity Fund | 6.29% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
CIOVX and SWRLX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWRLX has higher volatility (5.46%) compared to CIOVX (5.38%). In terms of maximum drawdown, CIOVX dropped -43.70% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (2.84 vs 1.53), 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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