TRIGX vs. CIVVX

Last updated Jun 24, 2026

TRIGX (T.Rowe Price International Value Equity Fund) and CIVVX (Causeway International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, TRIGX returned 10.51%/yr vs 10.96%/yr for CIVVX. Their correlation of 0.91 suggests significant overlap in exposure. TRIGX charges 0.89%/yr vs 1.10%/yr for CIVVX.

Performance

TRIGX vs. CIVVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T.Rowe Price International Value Equity Fund (TRIGX) 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, TRIGX achieves a 11.69% return, which is significantly higher than CIVVX's 7.39% return. Both investments have delivered pretty close results over the past 10 years, with TRIGX having a 10.51% annualized return and CIVVX not far ahead at 10.96%.

TRIGX

• 1D: -0.08%
• 1M: 1.53%
• YTD: 11.69%
• 6M: 11.74%
• 1Y: 31.29%
• 3Y*: 23.55%
• 5Y*: 13.63%
• 10Y*: 10.51%

CIVVX

• 1D: 0.20%
• 1M: 2.97%
• YTD: 7.39%
• 6M: 7.99%
• 1Y: 27.15%
• 3Y*: 18.43%
• 5Y*: 12.42%
• 10Y*: 10.96%

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

TRIGX vs. CIVVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIGX T.Rowe Price International Value Equity Fund	11.69%	43.90%	7.85%	19.18%	-8.45%	12.77%	1.63%	20.89%	-18.22%	18.34%
CIVVX Causeway International Value Fund	7.39%	38.72%	3.46%	26.99%	-6.99%	8.86%	5.16%	19.81%	-18.83%	27.09%

Correlation

The correlation between TRIGX and CIVVX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 26, 2001	0.91

The correlation between TRIGX and CIVVX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

TRIGX vs. CIVVX — Risk / Return Rank

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

TRIGX

TRIGX Risk / Return Rank: 55
TRIGX Sharpe Ratio Rank: 60
TRIGX Sortino Ratio Rank: 58
TRIGX Omega Ratio Rank: 59
TRIGX Calmar Ratio Rank: 52
TRIGX Martin Ratio Rank: 48

CIVVX

CIVVX Risk / Return Rank: 31
CIVVX Sharpe Ratio Rank: 35
CIVVX Sortino Ratio Rank: 35
CIVVX Omega Ratio Rank: 36
CIVVX Calmar Ratio Rank: 25
CIVVX Martin Ratio Rank: 25

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.

TRIGX vs. CIVVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T.Rowe Price International Value Equity Fund (TRIGX) 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.

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.

	TRIGX	CIVVX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.59	+0.51
Sortino ratio: Return per unit of downside risk	2.92	2.30	+0.62
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.09
Calmar ratio: Return relative to maximum drawdown	2.64	1.72	+0.92
Martin ratio: Return relative to average drawdown	9.39	5.59	+3.80

TRIGX vs. CIVVX - Sharpe Ratio Comparison

The current TRIGX Sharpe Ratio is 2.10, which is higher than the CIVVX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of TRIGX 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.

Drawdowns

TRIGX vs. CIVVX - Drawdown Comparison

The maximum TRIGX drawdown since its inception was -62.28%, roughly equal to the maximum CIVVX drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for TRIGX and CIVVX.

Drawdown Indicators

	TRIGX	CIVVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.28%	-61.07%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-16.20%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-17.31%	+3.06%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-28.60%	+1.23%
Max Drawdown (10Y) Largest decline over 10 years	-41.94%	-45.13%	+3.19%
Current Drawdown Current decline from peak	-0.97%	-2.23%	+1.26%
Average Drawdown Average peak-to-trough decline	-12.63%	-11.19%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	4.96%	-1.55%

Volatility

TRIGX vs. CIVVX - Volatility Comparison

The current volatility for T.Rowe Price International Value Equity Fund (TRIGX) is 4.53%, while Causeway International Value Fund (CIVVX) has a volatility of 5.31%. This indicates that TRIGX 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

	TRIGX	CIVVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	5.31%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	14.95%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	17.55%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	18.24%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	19.38%	-2.38%

TRIGX vs. CIVVX - Expense Ratio Comparison

TRIGX has a 0.89% expense ratio, which is lower than CIVVX's 1.10% expense ratio.

Dividends

TRIGX vs. CIVVX - Dividend Comparison

TRIGX's dividend yield for the trailing twelve months is around 2.49%, less than CIVVX's 8.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIVVX Causeway International Value Fund	8.93%	9.59%	9.07%	3.39%	1.54%	1.60%	1.11%	4.41%	3.31%	1.73%	1.69%	1.70%
TRIGX T.Rowe Price International Value Equity Fund	2.49%	2.78%	2.58%	2.66%	2.98%	2.49%	1.34%	2.82%	2.49%	0.26%	2.65%	2.07%

Frequently Asked Questions

Can I hold both TRIGX and CIVVX in my portfolio?

TRIGX and CIVVX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIGX or CIVVX?

CIVVX has higher volatility (5.31%) compared to TRIGX (4.53%). In terms of maximum drawdown, TRIGX dropped -62.28% vs CIVVX's -61.07%.

Which has better risk-adjusted returns?

TRIGX currently has the higher Sharpe Ratio (2.10 vs 1.59), 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.