CIVVX vs. DCINX
CIVVX (Causeway International Value Fund) and DCINX (Dunham International Stock Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, CIVVX returned 10.80%/yr vs 13.01%/yr for DCINX. Their correlation of 0.85 suggests significant overlap in exposure. CIVVX charges 1.10%/yr vs 2.92%/yr for DCINX.
Performance
CIVVX vs. DCINX - Performance Comparison
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Returns By Period
In the year-to-date period, CIVVX achieves a 5.93% return, which is significantly lower than DCINX's 22.83% return. Over the past 10 years, CIVVX has underperformed DCINX with an annualized return of 10.80%, while DCINX has yielded a comparatively higher 13.01% annualized return.
CIVVX
- 1D
- -1.36%
- 1M
- 1.57%
- YTD
- 5.93%
- 6M
- 6.39%
- 1Y
- 22.97%
- 3Y*
- 17.89%
- 5Y*
- 11.94%
- 10Y*
- 10.80%
DCINX
- 1D
- -3.37%
- 1M
- 1.26%
- YTD
- 22.83%
- 6M
- 22.53%
- 1Y
- 45.37%
- 3Y*
- 28.06%
- 5Y*
- 13.60%
- 10Y*
- 13.01%
CIVVX vs. DCINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIVVX Causeway International Value Fund | 5.93% | 38.72% | 3.46% | 26.99% | -6.99% | 8.86% | 5.16% | 19.81% | -18.83% | 27.09% |
DCINX Dunham International Stock Fund | 22.83% | 46.37% | 7.65% | 15.98% | -14.67% | 9.70% | 19.86% | 18.14% | -14.27% | 24.40% |
Correlation
The correlation between CIVVX and DCINX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2004 | 0.85 |
The correlation between CIVVX and DCINX shifts across timeframes, from 0.73 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CIVVX vs. DCINX — Risk / Return Rank
CIVVX
DCINX
CIVVX vs. DCINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Fund (CIVVX) and Dunham International Stock Fund (DCINX). 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.
| CIVVX | DCINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.50 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 4.06 | -2.47 |
| Martin ratioReturn relative to average drawdown | 5.14 | 15.89 | -10.75 |
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Drawdowns
CIVVX vs. DCINX - Drawdown Comparison
The maximum CIVVX drawdown since its inception was -61.07%, roughly equal to the maximum DCINX drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for CIVVX and DCINX.
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Drawdown Indicators
| CIVVX | DCINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -61.79% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -11.91% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.31% | -13.74% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -31.18% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -45.13% | -37.28% | -7.85% |
Current DrawdownCurrent decline from peak | -3.56% | -3.37% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -12.82% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 3.04% | +1.93% |
Volatility
CIVVX vs. DCINX - Volatility Comparison
The current volatility for Causeway International Value Fund (CIVVX) is 5.52%, while Dunham International Stock Fund (DCINX) has a volatility of 8.01%. This indicates that CIVVX experiences smaller price fluctuations and is considered to be less risky than DCINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIVVX | DCINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 8.01% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 15.24% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 17.34% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 15.71% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 16.50% | +2.66% |
CIVVX vs. DCINX - Expense Ratio Comparison
CIVVX has a 1.10% expense ratio, which is lower than DCINX's 2.92% expense ratio.
Dividends
CIVVX vs. DCINX - Dividend Comparison
CIVVX's dividend yield for the trailing twelve months is around 9.06%, more than DCINX's 8.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIVVX Causeway International Value Fund | 9.06% | 9.59% | 9.07% | 3.39% | 1.54% | 1.60% | 1.11% | 4.41% | 3.31% | 1.73% | 1.69% | 1.70% |
DCINX Dunham International Stock Fund | 8.91% | 10.95% | 13.87% | 3.45% | 3.53% | 15.49% | 1.36% | 1.54% | 6.92% | 3.92% | 0.00% | 0.00% |
Frequently Asked Questions
CIVVX and DCINX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCINX has higher volatility (8.01%) compared to CIVVX (5.52%). In terms of maximum drawdown, CIVVX dropped -61.07% vs DCINX's -61.79%.
DCINX currently has the higher Sharpe Ratio (2.79 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.
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