CIVIX vs. CIVVX
CIVIX (Causeway International Value Instl) and CIVVX (Causeway International Value Fund) are both Foreign Large Cap Equities funds from Causeway. Over the past 10 years, CIVIX returned 10.22%/yr vs 9.97%/yr for CIVVX. With a 1.00 correlation, they move nearly in lockstep. CIVIX charges 0.85%/yr vs 1.10%/yr for CIVVX.
Performance
CIVIX vs. CIVVX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with CIVIX having a 6.21% return and CIVVX slightly lower at 6.15%. Both investments have delivered pretty close results over the past 10 years, with CIVIX having a 10.22% annualized return and CIVVX not far behind at 9.97%.
CIVIX
- 1D
- 0.65%
- 1M
- 6.71%
- YTD
- 6.21%
- 6M
- 11.22%
- 1Y
- 25.35%
- 3Y*
- 18.44%
- 5Y*
- 11.87%
- 10Y*
- 10.22%
CIVVX
- 1D
- 0.65%
- 1M
- 6.70%
- YTD
- 6.15%
- 6M
- 11.10%
- 1Y
- 25.09%
- 3Y*
- 18.12%
- 5Y*
- 11.59%
- 10Y*
- 9.97%
CIVIX vs. CIVVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIVIX Causeway International Value Instl | 6.21% | 39.13% | 3.73% | 27.29% | -6.77% | 9.12% | 5.41% | 20.11% | -18.62% | 27.20% |
CIVVX Causeway International Value Fund | 6.15% | 38.72% | 3.46% | 26.99% | -6.99% | 8.86% | 5.16% | 19.81% | -18.83% | 27.09% |
Correlation
The correlation between CIVIX and CIVVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2001 | 1.00 |
The correlation between CIVIX and CIVVX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CIVIX vs. CIVVX — Risk / Return Rank
CIVIX
CIVVX
CIVIX vs. CIVVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Instl (CIVIX) and Causeway International Value Fund (CIVVX). 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.
| CIVIX | CIVVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.54 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.16 | 5.09 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CIVIX | CIVVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.46 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.64 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.52 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.40 | +0.01 |
Drawdowns
CIVIX vs. CIVVX - Drawdown Comparison
The maximum CIVIX drawdown since its inception was -60.93%, roughly equal to the maximum CIVVX drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for CIVIX and CIVVX.
Loading charts...
Drawdown Indicators
| CIVIX | CIVVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.93% | -61.07% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -16.20% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | -17.31% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -28.60% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -45.13% | +0.26% |
Current DrawdownCurrent decline from peak | -3.33% | -3.36% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -10.99% | -11.21% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 4.89% | -0.01% |
Volatility
CIVIX vs. CIVVX - Volatility Comparison
Causeway International Value Instl (CIVIX) and Causeway International Value Fund (CIVVX) have volatilities of 5.71% and 5.69%, 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.
Loading charts...
Volatility by Period
| CIVIX | CIVVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.69% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 14.36% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 17.06% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 18.16% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 19.40% | +0.03% |
CIVIX vs. CIVVX - Expense Ratio Comparison
CIVIX has a 0.85% expense ratio, which is lower than CIVVX's 1.10% expense ratio.
Dividends
CIVIX vs. CIVVX - Dividend Comparison
CIVIX's dividend yield for the trailing twelve months is around 9.15%, more than CIVVX's 9.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIVIX Causeway International Value Instl | 9.15% | 9.72% | 9.25% | 3.61% | 1.78% | 1.82% | 1.37% | 4.63% | 3.55% | 1.83% | 1.96% | 1.95% |
CIVVX Causeway International Value Fund | 9.04% | 9.59% | 9.07% | 3.39% | 1.54% | 1.60% | 1.11% | 4.41% | 3.31% | 1.73% | 1.69% | 1.70% |
Frequently Asked Questions
With a correlation of 1.00, CIVIX and CIVVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CIVIX has higher volatility (5.71%) compared to CIVVX (5.69%). In terms of maximum drawdown, CIVIX dropped -60.93% vs CIVVX's -61.07%.
CIVIX currently has the higher Sharpe Ratio (1.48 vs 1.46), 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.
Find the right allocation for CIVIX and CIVVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer