HIIDX vs. HAINX

Last updated Jun 6, 2026

HIIDX (Harbor Diversified International All Cap Fund) and HAINX (Harbor International Fund) are both Foreign Large Cap Equities funds from Harbor. Over the past 10 years, HIIDX returned 8.23%/yr vs 7.33%/yr for HAINX. With a 0.96 correlation, they move nearly in lockstep. HIIDX charges 1.16%/yr vs 0.77%/yr for HAINX.

Performance

HIIDX vs. HAINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Diversified International All Cap Fund (HIIDX) and Harbor International Fund (HAINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIIDX achieves a 10.42% return, which is significantly higher than HAINX's 5.78% return. Over the past 10 years, HIIDX has outperformed HAINX with an annualized return of 8.23%, while HAINX has yielded a comparatively lower 7.33% annualized return.

HIIDX

• 1D: 0.25%
• 1M: -0.06%
• YTD: 10.42%
• 6M: 12.94%
• 1Y: 24.38%
• 3Y*: 16.32%
• 5Y*: 6.68%
• 10Y*: 8.23%

HAINX

• 1D: 0.57%
• 1M: -0.50%
• YTD: 5.78%
• 6M: 8.24%
• 1Y: 15.88%
• 3Y*: 14.71%
• 5Y*: 6.60%
• 10Y*: 7.33%

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

HIIDX vs. HAINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIIDX Harbor Diversified International All Cap Fund	10.42%	29.94%	3.15%	14.18%	-14.63%	9.70%	7.86%	23.35%	-14.07%	24.04%
HAINX Harbor International Fund	5.78%	28.41%	4.21%	16.16%	-13.80%	9.50%	11.09%	22.57%	-18.29%	22.99%

Correlation

The correlation between HIIDX and HAINX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 5, 2015	0.96

The correlation between HIIDX and HAINX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

HIIDX vs. HAINX — Risk / Return Rank

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

HIIDX

HIIDX Risk / Return Rank: 35
HIIDX Sharpe Ratio Rank: 36
HIIDX Sortino Ratio Rank: 34
HIIDX Omega Ratio Rank: 36
HIIDX Calmar Ratio Rank: 34
HIIDX Martin Ratio Rank: 37

HAINX

HAINX Risk / Return Rank: 16
HAINX Sharpe Ratio Rank: 16
HAINX Sortino Ratio Rank: 16
HAINX Omega Ratio Rank: 16
HAINX Calmar Ratio Rank: 16
HAINX Martin Ratio Rank: 18

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.

HIIDX vs. HAINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Diversified International All Cap Fund (HIIDX) and Harbor International Fund (HAINX). 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.

	HIIDX	HAINX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.07	+0.58
Sortino ratio: Return per unit of downside risk	2.34	1.59	+0.75
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.10
Calmar ratio: Return relative to maximum drawdown	2.10	1.31	+0.80
Martin ratio: Return relative to average drawdown	7.89	4.50	+3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIIDX vs. HAINX - Sharpe Ratio Comparison

The current HIIDX Sharpe Ratio is 1.65, which is higher than the HAINX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of HIIDX and HAINX, 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

	HIIDX	HAINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.07	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.41	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.44	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.04

Drawdowns

HIIDX vs. HAINX - Drawdown Comparison

The maximum HIIDX drawdown since its inception was -37.50%, smaller than the maximum HAINX drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for HIIDX and HAINX.

Drawdown Indicators

	HIIDX	HAINX	Difference
Max Drawdown Largest peak-to-trough decline	-37.50%	-60.21%	+22.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-12.10%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-14.08%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-30.36%	-31.14%	+0.78%
Max Drawdown (10Y) Largest decline over 10 years	-37.50%	-39.75%	+2.25%
Current Drawdown Current decline from peak	-0.81%	-2.89%	+2.08%
Average Drawdown Average peak-to-trough decline	-7.25%	-9.87%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.50%	-0.40%

Volatility

HIIDX vs. HAINX - Volatility Comparison

Harbor Diversified International All Cap Fund (HIIDX) has a higher volatility of 4.60% compared to Harbor International Fund (HAINX) at 4.22%. This indicates that HIIDX's price experiences larger fluctuations and is considered to be riskier than HAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIIDX	HAINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	4.22%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	12.02%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	14.78%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	16.25%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	16.62%	-0.49%

HIIDX vs. HAINX - Expense Ratio Comparison

HIIDX has a 1.16% expense ratio, which is higher than HAINX's 0.77% expense ratio.

Dividends

HIIDX vs. HAINX - Dividend Comparison

HIIDX's dividend yield for the trailing twelve months is around 7.31%, more than HAINX's 3.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAINX Harbor International Fund	3.37%	3.57%	3.86%	3.55%	3.32%	2.15%	1.05%	3.12%	64.33%	6.28%	0.17%	4.80%
HIIDX Harbor Diversified International All Cap Fund	7.31%	8.07%	2.90%	2.18%	1.07%	7.05%	0.63%	1.77%	3.89%	3.20%	0.15%	0.00%

Frequently Asked Questions

Can I hold both HIIDX and HAINX in my portfolio?

With a correlation of 0.97, HIIDX and HAINX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HIIDX or HAINX?

HIIDX has higher volatility (4.60%) compared to HAINX (4.22%). In terms of maximum drawdown, HIIDX dropped -37.50% vs HAINX's -60.21%.

Which has better risk-adjusted returns?

HIIDX currently has the higher Sharpe Ratio (1.65 vs 1.07), 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.