WEFIX vs. CEMIX

Last updated Jun 5, 2026

WEFIX (Weitz Short Duration Income Fund) and CEMIX (Causeway Emerging Markets Fund) are both mutual funds - WEFIX is a Short-Term Bond fund managed by Weitz, while CEMIX is a Emerging Markets Diversified fund managed by Causeway. Over the past 10 years, WEFIX returned 2.77%/yr vs 12.31%/yr for CEMIX. At a correlation of -0.00, they often move in opposite directions. WEFIX charges 0.48%/yr vs 1.10%/yr for CEMIX.

Performance

WEFIX vs. CEMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Short Duration Income Fund (WEFIX) and Causeway Emerging Markets Fund (CEMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEFIX achieves a 1.20% return, which is significantly lower than CEMIX's 36.12% return. Over the past 10 years, WEFIX has underperformed CEMIX with an annualized return of 2.77%, while CEMIX has yielded a comparatively higher 12.31% annualized return.

WEFIX

• 1D: -0.08%
• 1M: 0.21%
• YTD: 1.20%
• 6M: 1.59%
• 1Y: 4.37%
• 3Y*: 5.48%
• 5Y*: 3.14%
• 10Y*: 2.77%

CEMIX

• 1D: -0.41%
• 1M: 8.98%
• YTD: 36.12%
• 6M: 40.30%
• 1Y: 67.99%
• 3Y*: 32.78%
• 5Y*: 11.70%
• 10Y*: 12.31%

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

WEFIX vs. CEMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEFIX Weitz Short Duration Income Fund	1.20%	5.64%	6.12%	5.90%	-2.72%	1.04%	3.34%	4.23%	1.34%	1.54%
CEMIX Causeway Emerging Markets Fund	36.12%	36.22%	14.90%	17.13%	-23.05%	-0.83%	16.95%	16.73%	-17.91%	39.79%

Correlation

The correlation between WEFIX and CEMIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007	-0.00

The correlation between WEFIX and CEMIX shifts across timeframes, from -0.00 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WEFIX vs. CEMIX — Risk / Return Rank

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

WEFIX

WEFIX Risk / Return Rank: 91
WEFIX Sharpe Ratio Rank: 76
WEFIX Sortino Ratio Rank: 97
WEFIX Omega Ratio Rank: 93
WEFIX Calmar Ratio Rank: 92
WEFIX Martin Ratio Rank: 95

CEMIX

CEMIX Risk / Return Rank: 92
CEMIX Sharpe Ratio Rank: 96
CEMIX Sortino Ratio Rank: 89
CEMIX Omega Ratio Rank: 89
CEMIX Calmar Ratio Rank: 93
CEMIX Martin Ratio Rank: 94

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.

WEFIX vs. CEMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and Causeway Emerging Markets Fund (CEMIX). 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.

	WEFIX	CEMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	3.57	-1.04
Sortino ratio: Return per unit of downside risk	5.66	4.39	+1.27
Omega ratio: Gain probability vs. loss probability	1.73	1.64	+0.09
Calmar ratio: Return relative to maximum drawdown	4.97	5.26	-0.29
Martin ratio: Return relative to average drawdown	22.92	20.96	+1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEFIX vs. CEMIX - Sharpe Ratio Comparison

The current WEFIX Sharpe Ratio is 2.54, which is comparable to the CEMIX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of WEFIX and CEMIX, 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

	WEFIX	CEMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.57	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.66	0.67	+1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.65	0.67	+0.97
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.33	+1.29

Drawdowns

WEFIX vs. CEMIX - Drawdown Comparison

The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum CEMIX drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for WEFIX and CEMIX.

Drawdown Indicators

	WEFIX	CEMIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.98%	-68.90%	+62.92%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-13.61%	+12.70%
Max Drawdown (3Y) Largest decline over 3 years	-0.91%	-17.92%	+17.01%
Max Drawdown (5Y) Largest decline over 5 years	-4.75%	-36.56%	+31.81%
Max Drawdown (10Y) Largest decline over 10 years	-5.98%	-39.59%	+33.61%
Current Drawdown Current decline from peak	-0.17%	-0.41%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.60%	-15.78%	+15.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	3.40%	-3.20%

Volatility

WEFIX vs. CEMIX - Volatility Comparison

The current volatility for Weitz Short Duration Income Fund (WEFIX) is 0.62%, while Causeway Emerging Markets Fund (CEMIX) has a volatility of 8.18%. This indicates that WEFIX experiences smaller price fluctuations and is considered to be less risky than CEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEFIX	CEMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	8.18%	-7.56%
Volatility (6M) Calculated over the trailing 6-month period	1.33%	17.06%	-15.73%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	20.03%	-18.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.90%	17.68%	-15.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.69%	18.40%	-16.71%

WEFIX vs. CEMIX - Expense Ratio Comparison

WEFIX has a 0.48% expense ratio, which is lower than CEMIX's 1.10% expense ratio.

Dividends

WEFIX vs. CEMIX - Dividend Comparison

WEFIX's dividend yield for the trailing twelve months is around 4.54%, more than CEMIX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEMIX Causeway Emerging Markets Fund	1.83%	2.49%	3.73%	4.85%	4.87%	23.35%	1.36%	2.03%	2.01%	1.58%	1.55%	1.69%
WEFIX Weitz Short Duration Income Fund	4.54%	4.55%	5.07%	3.73%	2.54%	1.87%	2.54%	2.49%	2.41%	2.11%	2.43%	2.39%

Frequently Asked Questions

Can I hold both WEFIX and CEMIX in my portfolio?

WEFIX and CEMIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEFIX or CEMIX?

CEMIX has higher volatility (8.18%) compared to WEFIX (0.62%). In terms of maximum drawdown, WEFIX dropped -5.98% vs CEMIX's -68.90%.

Which has better risk-adjusted returns?

CEMIX currently has the higher Sharpe Ratio (3.57 vs 2.54), 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.