CIVIX vs. BKGI

Last updated Jun 23, 2026

CIVIX (Causeway International Value Instl) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both funds - CIVIX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Value (Net), while BKGI is a Energy Equities fund actively managed by BNY Mellon. CIVIX is passively managed, while BKGI is actively managed. Over the past 3 years, CIVIX returned 17.85%/yr vs 21.90%/yr for BKGI. A 0.57 correlation means they provide meaningful diversification when combined. CIVIX charges 0.85%/yr vs 0.65%/yr for BKGI.

Performance

CIVIX vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Causeway International Value Instl (CIVIX) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIVIX achieves a 7.28% return, which is significantly lower than BKGI's 11.73% return.

CIVIX

• 1D: 1.00%
• 1M: 2.81%
• YTD: 7.28%
• 6M: 8.29%
• 1Y: 27.66%
• 3Y*: 17.85%
• 5Y*: 12.72%
• 10Y*: 10.39%

BKGI

• 1D: 0.25%
• 1M: -3.46%
• YTD: 11.73%
• 6M: 12.71%
• 1Y: 21.46%
• 3Y*: 21.90%
• 5Y*: —
• 10Y*: —

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

CIVIX vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CIVIX Causeway International Value Instl	7.28%	39.13%	3.73%	27.29%	14.25%
BKGI Bny Mellon Global Infrastructure Income ETF	11.73%	37.53%	12.35%	9.72%	8.54%

Correlation

The correlation between CIVIX and BKGI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.57

The correlation between CIVIX and BKGI shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CIVIX vs. BKGI — Risk / Return Rank

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

CIVIX

CIVIX Risk / Return Rank: 30
CIVIX Sharpe Ratio Rank: 33
CIVIX Sortino Ratio Rank: 33
CIVIX Omega Ratio Rank: 34
CIVIX Calmar Ratio Rank: 23
CIVIX Martin Ratio Rank: 24

BKGI

BKGI Risk / Return Rank: 60
BKGI Sharpe Ratio Rank: 57
BKGI Sortino Ratio Rank: 55
BKGI Omega Ratio Rank: 56
BKGI Calmar Ratio Rank: 72
BKGI Martin Ratio Rank: 63

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.

CIVIX vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Instl (CIVIX) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	CIVIX	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.85	-0.31
Sortino ratio: Return per unit of downside risk	2.24	2.57	-0.33
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	1.67	3.50	-1.83
Martin ratio: Return relative to average drawdown	5.44	11.02	-5.58

CIVIX vs. BKGI - Sharpe Ratio Comparison

The current CIVIX Sharpe Ratio is 1.54, which is comparable to the BKGI Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of CIVIX and BKGI, 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

CIVIX vs. BKGI - Drawdown Comparison

The maximum CIVIX drawdown since its inception was -60.93%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for CIVIX and BKGI.

Drawdown Indicators

	CIVIX	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-60.93%	-14.79%	-46.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	-6.16%	-10.03%
Max Drawdown (3Y) Largest decline over 3 years	-17.30%	-14.16%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.87%	—	—
Current Drawdown Current decline from peak	-2.36%	-3.55%	+1.19%
Average Drawdown Average peak-to-trough decline	-10.98%	-2.56%	-8.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	1.95%	+3.01%

Volatility

CIVIX vs. BKGI - Volatility Comparison

Causeway International Value Instl (CIVIX) has a higher volatility of 5.58% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.36%. This indicates that CIVIX's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIVIX	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.36%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	9.26%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	11.65%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	14.03%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	14.03%	+5.40%

CIVIX vs. BKGI - Expense Ratio Comparison

CIVIX has a 0.85% expense ratio, which is higher than BKGI's 0.65% expense ratio.

Dividends

CIVIX vs. BKGI - Dividend Comparison

CIVIX's dividend yield for the trailing twelve months is around 9.06%, more than BKGI's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.70%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CIVIX Causeway International Value Instl	9.06%	9.72%	9.25%	3.61%	1.78%	1.82%	1.37%	4.63%	3.55%	1.83%	1.96%	1.95%

Frequently Asked Questions

Can I hold both CIVIX and BKGI in my portfolio?

CIVIX and BKGI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIVIX or BKGI?

CIVIX has higher volatility (5.58%) compared to BKGI (3.36%). In terms of maximum drawdown, CIVIX dropped -60.93% vs BKGI's -14.79%.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.85 vs 1.54), 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.