GF vs. IVFIX
GF (The New Germany Fund) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, GF returned 8.02%/yr vs 7.31%/yr for IVFIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GF charges 0.01%/yr vs 0.86%/yr for IVFIX.
Performance
GF vs. IVFIX - Performance Comparison
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Returns By Period
In the year-to-date period, GF achieves a -0.63% return, which is significantly lower than IVFIX's 12.21% return. Over the past 10 years, GF has outperformed IVFIX with an annualized return of 8.02%, while IVFIX has yielded a comparatively lower 7.31% annualized return.
GF
- 1D
- -1.06%
- 1M
- -3.20%
- 6M
- -4.96%
- YTD
- -0.63%
- 1Y
- 0.16%
- 3Y*
- 8.42%
- 5Y*
- -3.94%
- 10Y*
- 8.02%
- ALL TIME*
- 3.88%
IVFIX
- 1D
- 0.00%
- 1M
- 3.30%
- 6M
- 7.45%
- YTD
- 12.21%
- 1Y
- 24.58%
- 3Y*
- 15.01%
- 5Y*
- 10.53%
- 10Y*
- 7.31%
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $342.45K | $308.40K | $485.94K | |
| $0.00 | $0.00 | $0.00 |
GF vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | -0.63% | 48.34% | -9.96% | 11.66% | -42.21% | 7.92% | 38.43% | 38.75% | -21.55% | 54.50% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 12.21% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Correlation
The correlation between GF and IVFIX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2008 | 0.63 |
Over the past year, the correlation between GF and IVFIX has dropped to 0.16 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
GF vs. IVFIX — Risk / Return Rank
GF
IVFIX
GF vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The New Germany Fund (GF) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
| GF | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 4.12 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.37 | 9.46 | -9.83 |
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Drawdowns
GF vs. IVFIX - Drawdown Comparison
The maximum GF drawdown since its inception was -85.97%, which is greater than IVFIX's maximum drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for GF and IVFIX.
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Drawdown Indicators
| GF | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -51.49% | -34.48% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -6.97% | -11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -10.75% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -53.83% | -21.29% | -32.54% |
Max Drawdown (10Y)Largest decline over 10 years | -53.83% | -33.46% | -20.37% |
Current DrawdownCurrent decline from peak | -21.10% | -0.37% | -20.73% |
Average DrawdownAverage peak-to-trough decline | -33.87% | -11.55% | -22.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 2.82% | +3.70% |
Volatility
GF vs. IVFIX - Volatility Comparison
The New Germany Fund (GF) has a higher volatility of 5.23% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 3.41%. This indicates that GF's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GF | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 3.41% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 9.71% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 12.10% | +7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 13.13% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 14.56% | +6.02% |
GF vs. IVFIX - Expense Ratio Comparison
GF has a 0.01% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Dividends
GF vs. IVFIX - Dividend Comparison
GF's dividend yield for the trailing twelve months is around 2.53%, less than IVFIX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 2.53% | 1.30% | 0.92% | 0.80% | 9.74% | 39.51% | 12.92% | 3.29% | 31.23% | 3.82% | 9.05% | 8.37% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.52% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
Frequently Asked Questions
GF and IVFIX 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.
GF has higher volatility (5.23%) compared to IVFIX (3.41%). In terms of maximum drawdown, GF dropped -85.97% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (2.38 vs -0.12), 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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