DXIV vs. CGVIX

Last updated Jun 23, 2026

DXIV (Dimensional International Vector Equity ETF) and CGVIX (Causeway Global Value Fund) are both funds - DXIV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional Fund Advisors, while CGVIX is a Global Equities fund managed by Causeway. Over the past year, DXIV returned 30.37% vs 28.68% for CGVIX. A 0.75 correlation means they provide meaningful diversification when combined. DXIV charges 0.30%/yr vs 0.85%/yr for CGVIX.

Performance

DXIV vs. CGVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Vector Equity ETF (DXIV) and Causeway Global Value Fund (CGVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXIV achieves a 10.58% return, which is significantly higher than CGVIX's 5.33% return.

DXIV

• 1D: 0.17%
• 1M: -0.18%
• YTD: 10.58%
• 6M: 11.06%
• 1Y: 30.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGVIX

• 1D: 1.07%
• 1M: 3.36%
• YTD: 5.33%
• 6M: 5.19%
• 1Y: 28.68%
• 3Y*: 20.15%
• 5Y*: 13.26%
• 10Y*: 12.08%

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

DXIV vs. CGVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXIV Dimensional International Vector Equity ETF	10.58%	39.12%	-3.78%
CGVIX Causeway Global Value Fund	5.33%	34.03%	3.74%

Correlation

The correlation between DXIV and CGVIX is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.75

The correlation between DXIV and CGVIX has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

Return for Risk

DXIV vs. CGVIX — Risk / Return Rank

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

DXIV

DXIV Risk / Return Rank: 66
DXIV Sharpe Ratio Rank: 71
DXIV Sortino Ratio Rank: 68
DXIV Omega Ratio Rank: 70
DXIV Calmar Ratio Rank: 58
DXIV Martin Ratio Rank: 63

CGVIX

CGVIX Risk / Return Rank: 37
CGVIX Sharpe Ratio Rank: 41
CGVIX Sortino Ratio Rank: 43
CGVIX Omega Ratio Rank: 40
CGVIX Calmar Ratio Rank: 29
CGVIX Martin Ratio Rank: 29

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.

DXIV vs. CGVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Vector Equity ETF (DXIV) and Causeway Global Value Fund (CGVIX). 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.

	DXIV	CGVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.74	+0.46
Sortino ratio: Return per unit of downside risk	3.00	2.55	+0.46
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	2.81	1.88	+0.93
Martin ratio: Return relative to average drawdown	11.02	6.37	+4.65

DXIV vs. CGVIX - Sharpe Ratio Comparison

The current DXIV Sharpe Ratio is 2.20, which is comparable to the CGVIX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of DXIV and CGVIX, 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

DXIV vs. CGVIX - Drawdown Comparison

The maximum DXIV drawdown since its inception was -13.71%, smaller than the maximum CGVIX drawdown of -62.29%. Use the drawdown chart below to compare losses from any high point for DXIV and CGVIX.

Drawdown Indicators

	DXIV	CGVIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-62.29%	+48.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-15.00%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.30%	—
Current Drawdown Current decline from peak	-1.57%	-1.66%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.45%	-10.15%	+7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	4.41%	-1.65%

Volatility

DXIV vs. CGVIX - Volatility Comparison

The current volatility for Dimensional International Vector Equity ETF (DXIV) is 4.18%, while Causeway Global Value Fund (CGVIX) has a volatility of 5.59%. This indicates that DXIV experiences smaller price fluctuations and is considered to be less risky than CGVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXIV	CGVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	5.59%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	13.60%	-2.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	16.22%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	22.42%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	22.07%	-6.64%

DXIV vs. CGVIX - Expense Ratio Comparison

DXIV has a 0.30% expense ratio, which is lower than CGVIX's 0.85% expense ratio.

Dividends

DXIV vs. CGVIX - Dividend Comparison

DXIV's dividend yield for the trailing twelve months is around 2.30%, less than CGVIX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGVIX Causeway Global Value Fund	9.36%	9.86%	24.61%	2.36%	0.88%	3.30%	1.36%	4.77%	18.28%	8.49%	1.37%	3.26%
DXIV Dimensional International Vector Equity ETF	2.30%	2.50%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXIV and CGVIX in my portfolio?

DXIV and CGVIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXIV or CGVIX?

CGVIX has higher volatility (5.59%) compared to DXIV (4.18%). In terms of maximum drawdown, DXIV dropped -13.71% vs CGVIX's -62.29%.

Which has better risk-adjusted returns?

DXIV currently has the higher Sharpe Ratio (2.20 vs 1.74), 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.