- ISIN
- US31428U7485
- CUSIP
- 31428U748
- Issuer
- Federated
- Inception Date
- Feb 27, 1996
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $1,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ISCAX Performance Chart
Federated Hermes International Small-Mid Company Fund (ISCAX) is up 10.8% since the beginning of the year. ISCAX is currently trading at $53 per share. Investors who bought $1,000 worth of ISCAX shares 5 years ago would now be looking at an investment worth $1,347.
Loading charts...
Returns By Period
Federated Hermes International Small-Mid Company Fund (ISCAX) has returned 10.83% so far this year and 20.48% over the past 12 months. Over the last ten years, ISCAX has returned 10.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Federated Hermes International Small-Mid Company Fund
- 1D
- 0.06%
- 1M
- 0.64%
- YTD
- 10.83%
- 6M
- 10.88%
- 1Y
- 20.48%
- 3Y*
- 16.61%
- 5Y*
- 6.14%
- 10Y*
- 10.24%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ISCAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 1996, ISCAX's average daily return is +0.04%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 1999 with a return of +21.7%, while the worst month was Oct 2008 at -27.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ISCAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 12, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.72% | 3.13% | -9.40% | 8.66% | 4.14% | -1.78% | 10.83% | ||||||
| 2025 | 6.61% | -1.29% | 2.72% | 5.20% | 7.60% | 4.79% | -1.06% | 2.89% | 2.07% | -1.54% | -0.85% | 3.03% | 34.01% |
| 2024 | -2.06% | 4.04% | 5.51% | -3.33% | 4.50% | -2.20% | 3.31% | 2.38% | 1.64% | -4.70% | 1.34% | -4.19% | 5.67% |
| 2023 | 8.63% | -2.63% | 0.78% | 1.79% | -2.89% | 3.93% | 2.92% | -3.49% | -4.63% | -4.97% | 8.57% | 5.21% | 12.61% |
| 2022 | -9.43% | -3.73% | 0.08% | -7.84% | 0.98% | -10.23% | 6.54% | -5.42% | -9.95% | 6.75% | 11.00% | -2.59% | -23.62% |
| 2021 | -2.15% | 1.36% | -0.14% | 5.82% | 2.51% | -0.09% | 2.24% | 3.79% | -4.54% | 1.77% | -7.09% | 3.08% | 5.98% |
Benchmark Metrics
Federated Hermes International Small-Mid Company Fund has an annualized alpha of 4.40%, beta of 0.69, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 28, 1996.
- This fund captured 104.70% of S&P 500 Index gains but only 98.84% of its losses - a favorable profile for investors.
- Beta of 0.69 may look defensive, but with R2 of 0.47 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.40%
- Beta
- 0.69
- R²
- 0.47
- Upside Capture
- 104.70%
- Downside Capture
- 98.84%
Expense Ratio
ISCAX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ISCAX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes International Small-Mid Company Fund (ISCAX) and compare them to S&P 500 Index.
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.
| ISCAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.30 | 12.44 | -4.13 |
Dividends
Dividend History
Federated Hermes International Small-Mid Company Fund provided a 6.72% dividend yield over the last twelve months, with an annual payout of $3.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.57 | $3.57 | $0.00 | $0.31 | $0.26 | $3.35 | $2.54 | $1.72 | $4.36 | $2.61 | $0.29 | $4.26 |
Dividend yield | 6.72% | 7.45% | 0.00% | 0.84% | 0.79% | 7.79% | 5.80% | 4.89% | 15.53% | 6.51% | 0.92% | 12.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes International Small-Mid Company Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.57 | $3.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.35 | $3.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes International Small-Mid Company Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes International Small-Mid Company Fund was 71.55%, occurring on Oct 10, 2002. Recovery took 1130 trading sessions.
The current Federated Hermes International Small-Mid Company Fund drawdown is 1.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -71.55%Oct 2002 | 2y 7mo | 4y 6mo | 7y 29dMar 2000 - Apr 2007 |
Financial crisis2007–2009 | -65.34%Nov 2008 | 1y 20d | 5y 3mo | 6y 4moNov 2007 - Feb 2014 |
Bear market2022 | -40.33%Sep 2022 | 1y 19d | 2y 8mo | 3y 8moSep 2021 - May 2025 |
COVID crash2020 | -33.65%Mar 2020 | 1mo 9d | 3mo 15d | 4mo 24dFeb 2020 - Jul 2020 |
1998 bear market1998 | -29.26%Oct 1998 | 2mo 20d | 6mo 1d | 8mo 21dJul 1998 - Apr 1999 |
Drawdown Indicators
| ISCAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.55% | -56.78% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -9.10% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.90% | -18.90% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -40.33% | -25.43% | -14.90% |
Max Drawdown (10Y)Largest decline over 10 years | -40.33% | -33.92% | -6.41% |
Current DrawdownCurrent decline from peak | -1.78% | -1.80% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -10.71% | -11.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.03% | +0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ISCAX
Add Federated Hermes International Small-Mid Company Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ISCAX