HFXI vs. NISM
HFXI (IQ 50 Percent Hedged FTSE International ETF) and NISM (NYLI International Small-Mid Cap Equity ETF) are both exchange-traded funds - HFXI is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America 50% Hedged to USD Index, while NISM is a Foreign Small & Mid Cap Equities fund actively managed by New York Life. HFXI is passively managed, while NISM is actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. HFXI charges 0.20%/yr vs 0.70%/yr for NISM.
Performance
HFXI vs. NISM - Performance Comparison
Loading charts...
Returns By Period
HFXI
- 1D
- 1.66%
- 1M
- 0.90%
- 6M
- 10.65%
- YTD
- 18.05%
- 1Y
- 33.38%
- 3Y*
- 20.51%
- 5Y*
- 12.20%
- 10Y*
- 11.37%
- ALL TIME*
- 9.46%
NISM
- 1D
- 1.54%
- 1M
- 3.15%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.44M | $12.76M | $11.27M | |
| $1.50K | $1.63K | $7.60K |
HFXI vs. NISM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 4.25% |
NISM NYLI International Small-Mid Cap Equity ETF | 1.61% |
Correlation
The correlation between HFXI and NISM is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.78 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HFXI vs. NISM — Risk / Return Rank
HFXI
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HFXI vs. NISM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and NYLI International Small-Mid Cap Equity ETF (NISM). 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.
| HFXI | NISM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | — | — |
| Martin ratioReturn relative to average drawdown | 11.30 | — | — |
Loading charts...
Drawdowns
HFXI vs. NISM - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, which is greater than NISM's maximum drawdown of -4.35%. Use the drawdown chart below to compare losses from any high point for HFXI and NISM.
Loading charts...
Drawdown Indicators
| HFXI | NISM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -4.35% | -28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -1.73% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | — | — |
Volatility
HFXI vs. NISM - Volatility Comparison
Loading charts...
Volatility by Period
| HFXI | NISM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 14.44% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 14.44% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 14.44% | +2.17% |
HFXI vs. NISM - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than NISM's 0.70% expense ratio.
Dividends
HFXI vs. NISM - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 3.28%, more than NISM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.28% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFXI and NISM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HFXI is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HFXI is cheaper with a 0.20% expense ratio, compared with 0.70% for NISM.
HFXI has the higher dividend yield at 3.28%, compared with 0.24% for NISM.
HFXI is categorized as Foreign Large Cap Equities, while NISM is Foreign Small & Mid Cap Equities. Their fees differ too: 0.20% for HFXI and 0.70% for NISM.
Find the right allocation for HFXI and NISM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer