CMIEX vs. VEU
Compare and contrast key facts about Multi-Manager International Equity Strategies Fund (CMIEX) and Vanguard FTSE All-World ex-US ETF (VEU).
CMIEX is managed by BlackRock. It was launched on May 17, 2018. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007.
Performance
CMIEX vs. VEU - Performance Comparison
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CMIEX vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMIEX Multi-Manager International Equity Strategies Fund | -2.03% | 32.46% | 3.96% | 21.41% | -15.46% | 6.89% | 16.20% | 23.87% | -16.02% |
VEU Vanguard FTSE All-World ex-US ETF | 3.60% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -15.10% |
Returns By Period
In the year-to-date period, CMIEX achieves a -2.03% return, which is significantly lower than VEU's 3.60% return.
CMIEX
- 1D
- 3.37%
- 1M
- -7.92%
- YTD
- -2.03%
- 6M
- 2.03%
- 1Y
- 20.12%
- 3Y*
- 13.69%
- 5Y*
- 6.77%
- 10Y*
- —
VEU
- 1D
- 1.32%
- 1M
- -5.22%
- YTD
- 3.60%
- 6M
- 7.76%
- 1Y
- 28.98%
- 3Y*
- 16.19%
- 5Y*
- 7.74%
- 10Y*
- 9.16%
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CMIEX vs. VEU - Expense Ratio Comparison
CMIEX has a 0.99% expense ratio, which is higher than VEU's 0.07% expense ratio.
Return for Risk
CMIEX vs. VEU — Risk / Return Rank
CMIEX
VEU
CMIEX vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) and Vanguard FTSE All-World ex-US ETF (VEU). 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.
| CMIEX | VEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.69 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.32 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.57 | -1.12 |
Martin ratioReturn relative to average drawdown | 5.72 | 9.83 | -4.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMIEX | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.69 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.49 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.23 | +0.19 |
Correlation
The correlation between CMIEX and VEU is 0.97, 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
CMIEX vs. VEU - Dividend Comparison
CMIEX's dividend yield for the trailing twelve months is around 9.11%, more than VEU's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMIEX Multi-Manager International Equity Strategies Fund | 9.11% | 8.92% | 7.54% | 2.26% | 2.44% | 3.21% | 1.30% | 2.47% | 0.83% | 0.00% | 0.00% | 0.00% |
VEU Vanguard FTSE All-World ex-US ETF | 2.88% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Drawdowns
CMIEX vs. VEU - Drawdown Comparison
The maximum CMIEX drawdown since its inception was -35.35%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for CMIEX and VEU.
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Drawdown Indicators
| CMIEX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -61.52% | +26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -11.43% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -29.31% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -10.07% | -7.36% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -13.23% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.99% | +0.33% |
Volatility
CMIEX vs. VEU - Volatility Comparison
Multi-Manager International Equity Strategies Fund (CMIEX) has a higher volatility of 8.04% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 7.65%. This indicates that CMIEX's price experiences larger fluctuations and is considered to be riskier than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMIEX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 7.65% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 11.61% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 17.25% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 15.83% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 17.13% | +1.19% |