TSWIX vs. CIVVX
TSWIX (Transamerica International Equity) and CIVVX (Causeway International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, TSWIX returned 9.69%/yr vs 10.96%/yr for CIVVX. Their correlation of 0.92 suggests significant overlap in exposure. TSWIX charges 0.84%/yr vs 1.10%/yr for CIVVX.
Performance
TSWIX vs. CIVVX - Performance Comparison
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Returns By Period
In the year-to-date period, TSWIX achieves a 12.68% return, which is significantly higher than CIVVX's 7.39% return. Over the past 10 years, TSWIX has underperformed CIVVX with an annualized return of 9.69%, while CIVVX has yielded a comparatively higher 10.96% annualized return.
TSWIX
- 1D
- -0.18%
- 1M
- 1.70%
- YTD
- 12.68%
- 6M
- 12.55%
- 1Y
- 27.18%
- 3Y*
- 18.31%
- 5Y*
- 9.45%
- 10Y*
- 9.69%
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%
TSWIX vs. CIVVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSWIX Transamerica International Equity | 12.68% | 32.53% | 3.55% | 16.09% | -14.05% | 13.23% | 6.75% | 21.14% | -15.95% | 22.58% |
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 TSWIX and CIVVX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
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 | 0.92 |
The correlation between TSWIX and CIVVX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
TSWIX vs. CIVVX — Risk / Return Rank
TSWIX
CIVVX
TSWIX vs. CIVVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica International Equity (TSWIX) 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.
| TSWIX | CIVVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.72 | +0.59 |
| Martin ratioReturn relative to average drawdown | 8.66 | 5.59 | +3.07 |
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Drawdowns
TSWIX vs. CIVVX - Drawdown Comparison
The maximum TSWIX drawdown since its inception was -58.76%, roughly equal to the maximum CIVVX drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for TSWIX and CIVVX.
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Drawdown Indicators
| TSWIX | CIVVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -61.07% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -16.20% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -17.31% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -28.60% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | -45.13% | +5.55% |
Current DrawdownCurrent decline from peak | -0.18% | -2.23% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -11.19% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.96% | -1.74% |
Volatility
TSWIX vs. CIVVX - Volatility Comparison
The current volatility for Transamerica International Equity (TSWIX) is 4.62%, while Causeway International Value Fund (CIVVX) has a volatility of 5.31%. This indicates that TSWIX 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.
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Volatility by Period
| TSWIX | CIVVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.31% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 14.95% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.46% | 17.55% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 18.24% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 19.38% | -2.04% |
TSWIX vs. CIVVX - Expense Ratio Comparison
TSWIX has a 0.84% expense ratio, which is lower than CIVVX's 1.10% expense ratio.
Dividends
TSWIX vs. CIVVX - Dividend Comparison
TSWIX's dividend yield for the trailing twelve months is around 6.82%, 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% |
TSWIX Transamerica International Equity | 6.82% | 7.68% | 3.03% | 3.16% | 1.12% | 3.55% | 1.22% | 2.75% | 5.56% | 3.08% | 1.90% | 2.64% |
Frequently Asked Questions
TSWIX and CIVVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIVVX has higher volatility (5.31%) compared to TSWIX (4.62%). In terms of maximum drawdown, TSWIX dropped -58.76% vs CIVVX's -61.07%.
TSWIX currently has the higher Sharpe Ratio (1.81 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.
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