CIVVX vs. DFIC

Last updated Apr 1, 2026

Compare and contrast key facts about Causeway International Value Fund (CIVVX) and DFA Dimensional International Core Equity 2 ETF (DFIC).

CIVVX is managed by Causeway. It was launched on Oct 25, 2001. DFIC is an actively managed fund by Dimensional. It was launched on Mar 23, 2022.

Performance

CIVVX vs. DFIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Causeway International Value Fund (CIVVX) and DFA Dimensional International Core Equity 2 ETF (DFIC). The values are adjusted to include any dividend payments, if applicable.

CIVVX vs. DFIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CIVVX Causeway International Value Fund	-7.05%	38.72%	3.46%	26.99%	-1.10%
DFIC DFA Dimensional International Core Equity 2 ETF	3.32%	37.09%	4.10%	17.32%	-9.27%

Returns By Period

In the year-to-date period, CIVVX achieves a -7.05% return, which is significantly lower than DFIC's 3.32% return.

CIVVX

• 1D: 0.75%
• 1M: -15.11%
• YTD: -7.05%
• 6M: 0.46%
• 1Y: 17.17%
• 3Y*: 14.08%
• 5Y*: 9.93%
• 10Y*: 9.03%

DFIC

• 1D: 3.02%
• 1M: -7.56%
• YTD: 3.32%
• 6M: 9.34%
• 1Y: 31.43%
• 3Y*: 17.04%
• 5Y*: —
• 10Y*: —

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

CIVVX vs. DFIC - Expense Ratio Comparison

CIVVX has a 1.10% expense ratio, which is higher than DFIC's 0.23% expense ratio.

CIVVX

Causeway International Value Fund

DFIC

DFA Dimensional International Core Equity 2 ETF

Return for Risk

CIVVX vs. DFIC — Risk / Return Rank

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

CIVVX

CIVVX Risk / Return Rank: 37
CIVVX Sharpe Ratio Rank: 41
CIVVX Sortino Ratio Rank: 40
CIVVX Omega Ratio Rank: 39
CIVVX Calmar Ratio Rank: 32
CIVVX Martin Ratio Rank: 32

DFIC

DFIC Risk / Return Rank: 90
DFIC Sharpe Ratio Rank: 90
DFIC Sortino Ratio Rank: 91
DFIC Omega Ratio Rank: 92
DFIC Calmar Ratio Rank: 89
DFIC Martin Ratio Rank: 90

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.

CIVVX vs. DFIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Fund (CIVVX) and DFA Dimensional International Core Equity 2 ETF (DFIC). 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.

	CIVVX	DFIC	Difference
Sharpe ratio Return per unit of total volatility	0.84	1.93	-1.09
Sortino ratio Return per unit of downside risk	1.22	2.57	-1.35
Omega ratio Gain probability vs. loss probability	1.18	1.40	-0.22
Calmar ratio Return relative to maximum drawdown	0.89	2.75	-1.86
Martin ratio Return relative to average drawdown	3.42	11.02	-7.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIVVX vs. DFIC - Sharpe Ratio Comparison

The current CIVVX Sharpe Ratio is 0.84, which is lower than the DFIC Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CIVVX and DFIC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIVVX	DFIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.93	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.74	-0.37

Correlation

The correlation between CIVVX and DFIC is 0.89, 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

CIVVX vs. DFIC - Dividend Comparison

CIVVX's dividend yield for the trailing twelve months is around 10.32%, more than DFIC's 2.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIVVX Causeway International Value Fund	10.32%	9.59%	9.07%	3.39%	1.54%	1.60%	1.11%	4.41%	3.31%	1.73%	1.69%	1.70%
DFIC DFA Dimensional International Core Equity 2 ETF	2.43%	2.54%	2.87%	2.55%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CIVVX vs. DFIC - Drawdown Comparison

The maximum CIVVX drawdown since its inception was -61.07%, which is greater than DFIC's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for CIVVX and DFIC.

Drawdown Indicators

	CIVVX	DFIC	Difference
Max Drawdown Largest peak-to-trough decline	-61.07%	-24.40%	-36.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.20%	-11.00%	-5.20%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.13%	—	—
Current Drawdown Current decline from peak	-15.38%	-7.56%	-7.82%
Average Drawdown Average peak-to-trough decline	-11.24%	-4.64%	-6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.74%	+1.47%

Volatility

CIVVX vs. DFIC - Volatility Comparison

Causeway International Value Fund (CIVVX) has a higher volatility of 8.05% compared to DFA Dimensional International Core Equity 2 ETF (DFIC) at 7.20%. This indicates that CIVVX's price experiences larger fluctuations and is considered to be riskier than DFIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIVVX	DFIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	7.20%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	10.43%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	16.43%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	16.19%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	16.19%	+3.04%