GOGFX vs. CIVVX

Last updated Jun 5, 2026

GOGFX (Victory Sycamore Small Company Opportunity Fund) and CIVVX (Causeway International Value Fund) are both mutual funds - GOGFX is a Small Cap Value Equities fund managed by Victory, while CIVVX is a Foreign Large Cap Equities fund managed by Causeway. Over the past 10 years, GOGFX returned 9.72%/yr vs 9.89%/yr for CIVVX. A 0.63 correlation means they provide meaningful diversification when combined. GOGFX charges 1.42%/yr vs 1.10%/yr for CIVVX.

Performance

GOGFX vs. CIVVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Sycamore Small Company Opportunity Fund (GOGFX) and Causeway International Value Fund (CIVVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOGFX achieves a 13.95% return, which is significantly higher than CIVVX's 5.37% return. Both investments have delivered pretty close results over the past 10 years, with GOGFX having a 9.72% annualized return and CIVVX not far ahead at 9.89%.

GOGFX

• 1D: -0.37%
• 1M: 0.80%
• YTD: 13.95%
• 6M: 13.72%
• 1Y: 25.97%
• 3Y*: 10.04%
• 5Y*: 5.15%
• 10Y*: 9.72%

CIVVX

• 1D: -0.73%
• 1M: 4.70%
• YTD: 5.37%
• 6M: 9.44%
• 1Y: 23.22%
• 3Y*: 17.83%
• 5Y*: 11.34%
• 10Y*: 9.89%

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

GOGFX vs. CIVVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOGFX Victory Sycamore Small Company Opportunity Fund	13.95%	1.16%	4.87%	11.10%	-7.11%	24.78%	4.21%	26.31%	-8.99%	11.27%
CIVVX Causeway International Value Fund	5.37%	38.72%	3.46%	26.99%	-6.99%	8.86%	5.16%	19.81%	-18.83%	27.09%

Correlation

The correlation between GOGFX and CIVVX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 29, 2001	0.63

The correlation between GOGFX and CIVVX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

GOGFX vs. CIVVX — Risk / Return Rank

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

GOGFX

GOGFX Risk / Return Rank: 33
GOGFX Sharpe Ratio Rank: 29
GOGFX Sortino Ratio Rank: 32
GOGFX Omega Ratio Rank: 28
GOGFX Calmar Ratio Rank: 39
GOGFX Martin Ratio Rank: 36

CIVVX

CIVVX Risk / Return Rank: 23
CIVVX Sharpe Ratio Rank: 25
CIVVX Sortino Ratio Rank: 25
CIVVX Omega Ratio Rank: 26
CIVVX Calmar Ratio Rank: 18
CIVVX Martin Ratio Rank: 19

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.

GOGFX vs. CIVVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Sycamore Small Company Opportunity Fund (GOGFX) and Causeway International Value Fund (CIVVX). 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.

	GOGFX	CIVVX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.43	+0.06
Sortino ratio: Return per unit of downside risk	2.29	2.10	+0.19
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.32	1.51	+0.82
Martin ratio: Return relative to average drawdown	7.76	4.97	+2.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOGFX vs. CIVVX - Sharpe Ratio Comparison

The current GOGFX Sharpe Ratio is 1.49, which is comparable to the CIVVX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GOGFX and CIVVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOGFX	CIVVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.43	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.63	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.51	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.40	+0.10

Drawdowns

GOGFX vs. CIVVX - Drawdown Comparison

The maximum GOGFX drawdown since its inception was -55.84%, smaller than the maximum CIVVX drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for GOGFX and CIVVX.

Drawdown Indicators

	GOGFX	CIVVX	Difference
Max Drawdown Largest peak-to-trough decline	-55.84%	-61.07%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-16.20%	+5.15%
Max Drawdown (3Y) Largest decline over 3 years	-26.25%	-17.31%	-8.94%
Max Drawdown (5Y) Largest decline over 5 years	-26.25%	-28.60%	+2.35%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	-45.13%	+5.41%
Current Drawdown Current decline from peak	-0.59%	-4.07%	+3.48%
Average Drawdown Average peak-to-trough decline	-7.70%	-11.21%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	4.89%	-1.59%

Volatility

GOGFX vs. CIVVX - Volatility Comparison

The current volatility for Victory Sycamore Small Company Opportunity Fund (GOGFX) is 4.57%, while Causeway International Value Fund (CIVVX) has a volatility of 5.56%. This indicates that GOGFX experiences smaller price fluctuations and is considered to be less risky than CIVVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOGFX	CIVVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	5.56%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	14.38%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	17.23%	17.07%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.58%	18.16%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	19.40%	+2.99%

GOGFX vs. CIVVX - Expense Ratio Comparison

GOGFX has a 1.42% expense ratio, which is higher than CIVVX's 1.10% expense ratio.

Dividends

GOGFX vs. CIVVX - Dividend Comparison

GOGFX's dividend yield for the trailing twelve months is around 5.25%, less than CIVVX's 9.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIVVX Causeway International Value Fund	9.10%	9.59%	9.07%	3.39%	1.54%	1.60%	1.11%	4.41%	3.31%	1.73%	1.69%	1.70%
GOGFX Victory Sycamore Small Company Opportunity Fund	5.25%	5.99%	9.29%	6.87%	6.10%	13.49%	0.60%	5.30%	14.65%	5.37%	4.66%	9.99%

Frequently Asked Questions

Can I hold both GOGFX and CIVVX in my portfolio?

GOGFX and CIVVX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOGFX or CIVVX?

CIVVX has higher volatility (5.56%) compared to GOGFX (4.57%). In terms of maximum drawdown, GOGFX dropped -55.84% vs CIVVX's -61.07%.

Which has better risk-adjusted returns?

GOGFX currently has the higher Sharpe Ratio (1.49 vs 1.43), 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.