VINEX vs. CVISX
VINEX (Vanguard International Explorer Fund) and CVISX (Causeway International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, VINEX returned 6.85%/yr vs 11.59%/yr for CVISX. Their correlation of 0.84 means they have usually moved in the same direction. VINEX charges 0.40%/yr vs 1.35%/yr for CVISX.
Performance
VINEX vs. CVISX - Performance Comparison
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Returns By Period
In the year-to-date period, VINEX achieves a 13.58% return, which is significantly lower than CVISX's 19.40% return. Over the past 10 years, VINEX has underperformed CVISX with an annualized return of 6.85%, while CVISX has yielded a comparatively higher 11.59% annualized return.
VINEX
- 1D
- 1.56%
- 1M
- 1.96%
- 6M
- 7.08%
- YTD
- 13.58%
- 1Y
- 20.37%
- 3Y*
- 14.90%
- 5Y*
- 3.37%
- 10Y*
- 6.85%
- ALL TIME*
- 8.35%
CVISX
- 1D
- 2.00%
- 1M
- 4.92%
- 6M
- 8.78%
- YTD
- 19.40%
- 1Y
- 30.40%
- 3Y*
- 22.89%
- 5Y*
- 14.53%
- 10Y*
- 11.59%
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VINEX vs. CVISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VINEX Vanguard International Explorer Fund | 13.58% | 27.98% | 0.11% | 15.26% | -27.56% | 9.52% | 15.07% | 21.90% | -23.02% | 35.92% |
CVISX Causeway International Small Cap Fund | 19.40% | 32.93% | 9.71% | 26.74% | -11.51% | 21.30% | 2.48% | 18.55% | -21.34% | 34.52% |
Correlation
The correlation between VINEX and CVISX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.84 |
The correlation between VINEX and CVISX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
VINEX vs. CVISX — Risk / Return Rank
VINEX
CVISX
VINEX vs. CVISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International Explorer Fund (VINEX) and Causeway International Small Cap Fund (CVISX). 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.
| VINEX | CVISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.92 | -1.26 |
| Martin ratioReturn relative to average drawdown | 6.18 | 9.47 | -3.29 |
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Drawdowns
VINEX vs. CVISX - Drawdown Comparison
The maximum VINEX drawdown since its inception was -62.16%, which is greater than CVISX's maximum drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for VINEX and CVISX.
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Drawdown Indicators
| VINEX | CVISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.16% | -48.50% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -10.77% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | -15.17% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -42.24% | -25.20% | -17.04% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -48.50% | +3.04% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -17.14% | -8.80% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.30% | +0.02% |
Volatility
VINEX vs. CVISX - Volatility Comparison
Vanguard International Explorer Fund (VINEX) and Causeway International Small Cap Fund (CVISX) have volatilities of 4.84% and 4.84%, 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
| VINEX | CVISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 4.84% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 13.05% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 15.37% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 16.31% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 16.77% | +0.23% |
VINEX vs. CVISX - Expense Ratio Comparison
VINEX has a 0.40% expense ratio, which is lower than CVISX's 1.35% expense ratio.
Dividends
VINEX vs. CVISX - Dividend Comparison
VINEX's dividend yield for the trailing twelve months is around 3.69%, less than CVISX's 13.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVISX Causeway International Small Cap Fund | 13.87% | 16.56% | 10.60% | 6.14% | 2.75% | 3.48% | 3.42% | 3.57% | 2.91% | 8.23% | 2.78% | 2.00% |
VINEX Vanguard International Explorer Fund | 3.69% | 4.19% | 4.17% | 2.47% | 1.74% | 4.80% | 1.06% | 2.51% | 8.75% | 4.22% | 1.95% | 5.45% |
Frequently Asked Questions
VINEX and CVISX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVISX has higher volatility (4.84%) compared to VINEX (4.84%). In terms of maximum drawdown, VINEX dropped -62.16% vs CVISX's -48.50%.
CVISX currently has the higher Sharpe Ratio (2.05 vs 1.31), 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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