CVLVX vs. VIHAX
CVLVX (Cullen Value Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both Large Cap Value Equities funds. Over the past 10 years, CVLVX returned 11.25%/yr vs 11.29%/yr for VIHAX. A 0.77 correlation means they provide meaningful diversification when combined. CVLVX charges 0.75%/yr vs 0.22%/yr for VIHAX.
Performance
CVLVX vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, CVLVX achieves a 16.35% return, which is significantly higher than VIHAX's 10.71% return. Both investments have delivered pretty close results over the past 10 years, with CVLVX having a 11.25% annualized return and VIHAX not far ahead at 11.29%.
CVLVX
- 1D
- -0.28%
- 1M
- 3.80%
- YTD
- 16.35%
- 6M
- 15.09%
- 1Y
- 31.58%
- 3Y*
- 17.20%
- 5Y*
- 9.89%
- 10Y*
- 11.25%
VIHAX
- 1D
- -0.67%
- 1M
- -1.83%
- YTD
- 10.71%
- 6M
- 10.48%
- 1Y
- 28.43%
- 3Y*
- 21.51%
- 5Y*
- 12.21%
- 10Y*
- 11.29%
CVLVX vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVLVX Cullen Value Fund | 16.35% | 20.10% | 9.71% | 5.53% | -6.37% | 20.49% | 2.06% | 24.86% | -4.89% | 17.93% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 10.71% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between CVLVX and VIHAX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.77 |
The correlation between CVLVX and VIHAX has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
CVLVX vs. VIHAX — Risk / Return Rank
CVLVX
VIHAX
CVLVX vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen Value Fund (CVLVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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 | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.43 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 2.95 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.89 | 11.20 | +4.69 |
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Drawdowns
CVLVX vs. VIHAX - Drawdown Comparison
The maximum CVLVX drawdown since its inception was -35.99%, smaller than the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for CVLVX and VIHAX.
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Drawdown Indicators
| CVLVX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -38.80% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -9.53% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.32% | -12.29% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -23.92% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -38.80% | +2.81% |
Current DrawdownCurrent decline from peak | -0.88% | -2.61% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.99% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.51% | -0.54% |
Volatility
CVLVX vs. VIHAX - Volatility Comparison
Cullen Value Fund (CVLVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) have volatilities of 3.61% and 3.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVLVX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 3.65% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 10.06% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 12.17% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 13.78% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 15.62% | +0.83% |
CVLVX vs. VIHAX - Expense Ratio Comparison
CVLVX has a 0.75% expense ratio, which is higher than VIHAX's 0.22% expense ratio.
Dividends
CVLVX vs. VIHAX - Dividend Comparison
CVLVX's dividend yield for the trailing twelve months is around 3.26%, less than VIHAX's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLVX Cullen Value Fund | 3.26% | 3.43% | 4.92% | 9.40% | 6.48% | 11.24% | 16.67% | 13.16% | 1.68% | 7.81% | 4.07% | 3.03% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.66% | 3.69% | 4.85% | 4.58% | 4.70% | 4.30% | 3.22% | 5.63% | 4.28% | 3.16% | 2.37% | 0.00% |
Frequently Asked Questions
CVLVX and VIHAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIHAX has higher volatility (3.65%) compared to CVLVX (3.61%). In terms of maximum drawdown, CVLVX dropped -35.99% vs VIHAX's -38.80%.
CVLVX currently has the higher Sharpe Ratio (2.70 vs 2.32), 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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