CVLVX vs. CIHIX

Last updated Aug 1, 2026

CVLVX (Cullen Value Fund) and CIHIX (Cullen International High Dividend Fund) are both mutual funds - CVLVX is a Large Cap Value Equities fund managed by Cullen, while CIHIX is a Foreign Large Cap Equities fund managed by Cullen. Over the past 10 years, CVLVX returned 11.02%/yr vs 8.05%/yr for CIHIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. CVLVX charges 0.75%/yr vs 1.00%/yr for CIHIX.

Performance

CVLVX vs. CIHIX - Performance Comparison

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

Returns By Period

In the year-to-date period, CVLVX achieves a 19.76% return, which is significantly higher than CIHIX's 14.07% return. Over the past 10 years, CVLVX has outperformed CIHIX with an annualized return of 11.02%, while CIHIX has yielded a comparatively lower 8.05% annualized return.

CVLVX

• 1D: 0.60%
• 1M: 1.09%
• 6M: 14.95%
• YTD: 19.76%
• 1Y: 32.64%
• 3Y*: 16.41%
• 5Y*: 10.21%
• 10Y*: 11.02%
• ALL TIME*: 10.96%

CIHIX

• 1D: 0.87%
• 1M: 3.72%
• 6M: 7.23%
• YTD: 14.07%
• 1Y: 25.42%
• 3Y*: 17.38%
• 5Y*: 9.92%
• 10Y*: 8.05%
• ALL TIME*: 5.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIHIX Cullen International High Dividend Fund	$0.00	$0.00	$0.00
CVLVX Cullen Value Fund	$0.00	$0.00	$0.00

CVLVX vs. CIHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVLVX Cullen Value Fund	19.76%	20.10%	9.71%	5.53%	-6.37%	20.49%	2.06%	24.86%	-4.89%	17.93%
CIHIX Cullen International High Dividend Fund	14.07%	29.49%	4.12%	17.81%	-11.99%	11.24%	3.07%	21.30%	-15.62%	17.99%

Correlation

The correlation between CVLVX and CIHIX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.69

The correlation between CVLVX and CIHIX shifts across timeframes, from 0.53 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CVLVX vs. CIHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CVLVX

CVLVX Risk / Return Rank: 93
CVLVX Sharpe Ratio Rank: 94
CVLVX Sortino Ratio Rank: 93
CVLVX Omega Ratio Rank: 88
CVLVX Calmar Ratio Rank: 94
CVLVX Martin Ratio Rank: 95

CIHIX

CIHIX Risk / Return Rank: 77
CIHIX Sharpe Ratio Rank: 86
CIHIX Sortino Ratio Rank: 82
CIHIX Omega Ratio Rank: 82
CIHIX Calmar Ratio Rank: 74
CIHIX Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CVLVX vs. CIHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cullen Value Fund (CVLVX) and Cullen International High Dividend Fund (CIHIX). 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.

	CVLVX	CIHIX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.09	+0.44
Sortino ratio: Return per unit of downside risk	3.66	2.92	+0.74
Omega ratio: Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	3.99	2.43	+1.56
Martin ratio: Return relative to average drawdown	15.46	7.96	+7.51

CVLVX vs. CIHIX - Sharpe Ratio Comparison

The current CVLVX Sharpe Ratio is 2.54, which is comparable to the CIHIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of CVLVX and CIHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVLVX vs. CIHIX - Drawdown Comparison

The maximum CVLVX drawdown since its inception was -35.99%, smaller than the maximum CIHIX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for CVLVX and CIHIX.

Drawdown Indicators

	CVLVX	CIHIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.99%	-59.67%	+23.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-10.14%	+2.62%
Max Drawdown (3Y) Largest decline over 3 years	-16.32%	-12.57%	-3.75%
Max Drawdown (5Y) Largest decline over 5 years	-20.69%	-27.10%	+6.41%
Max Drawdown (10Y) Largest decline over 10 years	-35.99%	-34.18%	-1.81%
Current Drawdown Current decline from peak	-0.80%	0.00%	-0.80%
Average Drawdown Average peak-to-trough decline	-4.10%	-14.46%	+10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.09%	-1.14%

Volatility

CVLVX vs. CIHIX - Volatility Comparison

The current volatility for Cullen Value Fund (CVLVX) is 3.15%, while Cullen International High Dividend Fund (CIHIX) has a volatility of 3.48%. This indicates that CVLVX experiences smaller price fluctuations and is considered to be less risky than CIHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLVX	CIHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.48%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	9.62%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	11.78%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	13.28%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	14.16%	+2.28%

CVLVX vs. CIHIX - Expense Ratio Comparison

CVLVX has a 0.75% expense ratio, which is lower than CIHIX's 1.00% expense ratio.

Dividends

CVLVX vs. CIHIX - Dividend Comparison

CVLVX's dividend yield for the trailing twelve months is around 3.54%, less than CIHIX's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIHIX Cullen International High Dividend Fund	3.98%	3.18%	5.22%	4.04%	1.16%	3.01%	2.22%	3.54%	3.13%	3.35%	3.09%	2.93%
CVLVX Cullen Value Fund	3.54%	3.43%	4.92%	9.40%	6.48%	11.24%	16.67%	13.16%	1.68%	7.81%	4.07%	3.03%

Frequently Asked Questions

Can I hold both CVLVX and CIHIX in my portfolio?

CVLVX and CIHIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVLVX or CIHIX?

CIHIX has higher volatility (3.48%) compared to CVLVX (3.15%). In terms of maximum drawdown, CVLVX dropped -35.99% vs CIHIX's -59.67%.

Which has better risk-adjusted returns?

CVLVX currently has the higher Sharpe Ratio (2.54 vs 2.09), 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.