CVISX vs. MVCAX
CVISX (Causeway International Small Cap Fund) and MVCAX (MFS Mid Cap Value Fund) are both mutual funds - CVISX is a Foreign Small & Mid Cap Equities fund managed by Causeway, while MVCAX is a Mid Cap Value Equities fund managed by MFS. Over the past 10 years, CVISX returned 11.28%/yr vs 10.14%/yr for MVCAX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. CVISX charges 1.35%/yr vs 1.02%/yr for MVCAX.
Performance
CVISX vs. MVCAX - Performance Comparison
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Returns By Period
In the year-to-date period, CVISX achieves a 16.21% return, which is significantly higher than MVCAX's 15.06% return. Over the past 10 years, CVISX has outperformed MVCAX with an annualized return of 11.28%, while MVCAX has yielded a comparatively lower 10.14% annualized return.
CVISX
- 1D
- 2.53%
- 1M
- 4.63%
- 6M
- 7.27%
- YTD
- 16.21%
- 1Y
- 28.48%
- 3Y*
- 20.90%
- 5Y*
- 14.01%
- 10Y*
- 11.28%
- ALL TIME*
- 10.61%
MVCAX
- 1D
- -0.43%
- 1M
- 1.47%
- 6M
- 10.86%
- YTD
- 15.06%
- 1Y
- 21.17%
- 3Y*
- 12.62%
- 5Y*
- 9.16%
- 10Y*
- 10.14%
- ALL TIME*
- 9.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CVISX vs. MVCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVISX Causeway International Small Cap Fund | 16.21% | 32.93% | 9.71% | 26.74% | -11.51% | 21.30% | 2.48% | 18.55% | -21.34% | 34.52% |
MVCAX MFS Mid Cap Value Fund | 15.06% | 6.09% | 13.57% | 12.51% | -8.96% | 30.43% | 4.03% | 30.57% | -11.69% | 13.37% |
Correlation
The correlation between CVISX and MVCAX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.59 |
The correlation between CVISX and MVCAX shifts across timeframes, from 0.43 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CVISX vs. MVCAX — Risk / Return Rank
CVISX
MVCAX
CVISX vs. MVCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Small Cap Fund (CVISX) and MFS Mid Cap Value Fund (MVCAX). 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.
| CVISX | MVCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.05 | +0.56 |
| Martin ratioReturn relative to average drawdown | 8.47 | 7.09 | +1.38 |
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Drawdowns
CVISX vs. MVCAX - Drawdown Comparison
The maximum CVISX drawdown since its inception was -48.50%, smaller than the maximum MVCAX drawdown of -60.41%. Use the drawdown chart below to compare losses from any high point for CVISX and MVCAX.
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Drawdown Indicators
| CVISX | MVCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.50% | -60.41% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -9.39% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.17% | -21.05% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -21.05% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -48.50% | -42.79% | -5.71% |
Current DrawdownCurrent decline from peak | -0.39% | -1.37% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -8.08% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.72% | +0.59% |
Volatility
CVISX vs. MVCAX - Volatility Comparison
Causeway International Small Cap Fund (CVISX) has a higher volatility of 5.01% compared to MFS Mid Cap Value Fund (MVCAX) at 3.37%. This indicates that CVISX's price experiences larger fluctuations and is considered to be riskier than MVCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVISX | MVCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 3.37% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 9.73% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 13.45% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 17.15% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 19.18% | -2.43% |
CVISX vs. MVCAX - Expense Ratio Comparison
CVISX has a 1.35% expense ratio, which is higher than MVCAX's 1.02% expense ratio.
Dividends
CVISX vs. MVCAX - Dividend Comparison
CVISX's dividend yield for the trailing twelve months is around 14.25%, more than MVCAX's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVISX Causeway International Small Cap Fund | 14.25% | 16.56% | 10.60% | 6.14% | 2.75% | 3.48% | 3.42% | 3.57% | 2.91% | 8.23% | 2.78% | 2.00% |
MVCAX MFS Mid Cap Value Fund | 7.13% | 8.21% | 10.99% | 2.73% | 5.22% | 5.70% | 0.80% | 2.03% | 6.36% | 3.36% | 0.07% | 4.59% |
Frequently Asked Questions
CVISX and MVCAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVISX has higher volatility (5.01%) compared to MVCAX (3.37%). In terms of maximum drawdown, CVISX dropped -48.50% vs MVCAX's -60.41%.
CVISX currently has the higher Sharpe Ratio (1.85 vs 1.44), 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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