CUSIX vs. CHDEX

Last updated Apr 1, 2026

Compare and contrast key facts about Cullen Small Cap Value Fund (CUSIX) and Cullen High Dividend Equity Fund (CHDEX).

CUSIX is managed by Cullen Funds Trust. It was launched on Oct 1, 2009. CHDEX is managed by Cullen Funds Trust. It was launched on Aug 1, 2003.

Performance

CUSIX vs. CHDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cullen Small Cap Value Fund (CUSIX) and Cullen High Dividend Equity Fund (CHDEX). The values are adjusted to include any dividend payments, if applicable.

CUSIX vs. CHDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CUSIX Cullen Small Cap Value Fund	-4.18%	-1.21%	4.80%	5.77%	-0.75%	22.04%	12.07%	22.83%	-9.78%	0.89%
CHDEX Cullen High Dividend Equity Fund	2.11%	18.04%	20.77%	2.76%	-4.50%	26.34%	-4.36%	19.69%	-5.40%	16.79%

Returns By Period

In the year-to-date period, CUSIX achieves a -4.18% return, which is significantly lower than CHDEX's 2.11% return. Over the past 10 years, CUSIX has underperformed CHDEX with an annualized return of 6.29%, while CHDEX has yielded a comparatively higher 9.47% annualized return.

CUSIX

• 1D: -0.06%
• 1M: -7.72%
• YTD: -4.18%
• 6M: -9.87%
• 1Y: 3.85%
• 3Y*: 3.17%
• 5Y*: 1.31%
• 10Y*: 6.29%

CHDEX

• 1D: 0.02%
• 1M: -5.09%
• YTD: 2.11%
• 6M: 5.21%
• 1Y: 15.45%
• 3Y*: 14.93%
• 5Y*: 10.15%
• 10Y*: 9.47%

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

CUSIX vs. CHDEX - Expense Ratio Comparison

Both CUSIX and CHDEX have an expense ratio of 1.00%.

CUSIX

Cullen Small Cap Value Fund

CHDEX

Cullen High Dividend Equity Fund

Return for Risk

CUSIX vs. CHDEX — Risk / Return Rank

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

CUSIX

CUSIX Risk / Return Rank: 8
CUSIX Sharpe Ratio Rank: 8
CUSIX Sortino Ratio Rank: 9
CUSIX Omega Ratio Rank: 8
CUSIX Calmar Ratio Rank: 8
CUSIX Martin Ratio Rank: 7

CHDEX

CHDEX Risk / Return Rank: 68
CHDEX Sharpe Ratio Rank: 71
CHDEX Sortino Ratio Rank: 70
CHDEX Omega Ratio Rank: 70
CHDEX Calmar Ratio Rank: 61
CHDEX Martin Ratio Rank: 69

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.

CUSIX vs. CHDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Small Cap Value Fund (CUSIX) and Cullen High Dividend Equity Fund (CHDEX). 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.

	CUSIX	CHDEX	Difference
Sharpe ratio Return per unit of total volatility	0.14	1.23	-1.09
Sortino ratio Return per unit of downside risk	0.40	1.72	-1.33
Omega ratio Gain probability vs. loss probability	1.05	1.26	-0.21
Calmar ratio Return relative to maximum drawdown	0.10	1.41	-1.31
Martin ratio Return relative to average drawdown	0.23	6.55	-6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CUSIX vs. CHDEX - Sharpe Ratio Comparison

The current CUSIX Sharpe Ratio is 0.14, which is lower than the CHDEX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CUSIX and CHDEX, 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

	CUSIX	CHDEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	1.23	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.72	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.59	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.54	-0.25

Correlation

The correlation between CUSIX and CHDEX is 0.77, 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

CUSIX vs. CHDEX - Dividend Comparison

CUSIX's dividend yield for the trailing twelve months is around 1.13%, less than CHDEX's 14.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CUSIX Cullen Small Cap Value Fund	1.13%	1.06%	5.46%	1.71%	7.61%	11.67%	0.21%	3.01%	5.98%	19.35%	0.67%	2.63%
CHDEX Cullen High Dividend Equity Fund	14.96%	15.18%	25.41%	12.44%	7.46%	10.89%	11.08%	6.24%	14.14%	9.93%	5.24%	5.05%

Drawdowns

CUSIX vs. CHDEX - Drawdown Comparison

The maximum CUSIX drawdown since its inception was -45.46%, smaller than the maximum CHDEX drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for CUSIX and CHDEX.

Drawdown Indicators

	CUSIX	CHDEX	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	-49.12%	+3.66%
Max Drawdown (1Y) Largest decline over 1 year	-18.49%	-10.77%	-7.72%
Max Drawdown (5Y) Largest decline over 5 years	-31.76%	-18.57%	-13.19%
Max Drawdown (10Y) Largest decline over 10 years	-45.46%	-37.04%	-8.42%
Current Drawdown Current decline from peak	-17.33%	-5.86%	-11.47%
Average Drawdown Average peak-to-trough decline	-8.49%	-6.79%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.16%	2.40%	+5.76%

Volatility

CUSIX vs. CHDEX - Volatility Comparison

Cullen Small Cap Value Fund (CUSIX) has a higher volatility of 5.98% compared to Cullen High Dividend Equity Fund (CHDEX) at 2.87%. This indicates that CUSIX's price experiences larger fluctuations and is considered to be riskier than CHDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUSIX	CHDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	2.87%	+3.11%
Volatility (6M) Calculated over the trailing 6-month period	16.66%	6.87%	+9.79%
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	13.52%	+14.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.53%	14.09%	+9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	16.10%	+8.87%