HIISX vs. HRIOX

Last updated Apr 3, 2026

Compare and contrast key facts about Harbor International Small Cap Fund (HIISX) and Hood River International Opportunity Fund (HRIOX).

HIISX is managed by Harbor. It was launched on Jan 31, 2016. HRIOX is managed by Hood River Capital Management. It was launched on Sep 27, 2021.

Performance

HIISX vs. HRIOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Small Cap Fund (HIISX) and Hood River International Opportunity Fund (HRIOX). The values are adjusted to include any dividend payments, if applicable.

HIISX vs. HRIOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HIISX Harbor International Small Cap Fund	2.31%	24.37%	-1.12%	8.90%	-8.70%	0.58%
HRIOX Hood River International Opportunity Fund	14.38%	43.32%	20.19%	30.74%	-25.86%	2.01%

Returns By Period

In the year-to-date period, HIISX achieves a 2.31% return, which is significantly lower than HRIOX's 14.38% return.

HIISX

• 1D: 1.47%
• 1M: -2.09%
• YTD: 2.31%
• 6M: 4.49%
• 1Y: 21.37%
• 3Y*: 9.27%
• 5Y*: 5.50%
• 10Y*: —

HRIOX

• 1D: 3.25%
• 1M: -2.89%
• YTD: 14.38%
• 6M: 19.80%
• 1Y: 82.15%
• 3Y*: 33.69%
• 5Y*: —
• 10Y*: —

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

HIISX vs. HRIOX - Expense Ratio Comparison

HIISX has a 1.32% expense ratio, which is lower than HRIOX's 1.50% expense ratio.

HRIOX

Hood River International Opportunity Fund

HIISX

Harbor International Small Cap Fund

Return for Risk

HIISX vs. HRIOX — Risk / Return Rank

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

HIISX

HIISX Risk / Return Rank: 64
HIISX Sharpe Ratio Rank: 72
HIISX Sortino Ratio Rank: 68
HIISX Omega Ratio Rank: 61
HIISX Calmar Ratio Rank: 68
HIISX Martin Ratio Rank: 50

HRIOX

HRIOX Risk / Return Rank: 98
HRIOX Sharpe Ratio Rank: 99
HRIOX Sortino Ratio Rank: 97
HRIOX Omega Ratio Rank: 96
HRIOX Calmar Ratio Rank: 99
HRIOX Martin Ratio Rank: 98

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.

HIISX vs. HRIOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Small Cap Fund (HIISX) and Hood River International Opportunity Fund (HRIOX). 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.

	HIISX	HRIOX	Difference
Sharpe ratio Return per unit of total volatility	1.45	3.37	-1.93
Sortino ratio Return per unit of downside risk	1.96	4.01	-2.05
Omega ratio Gain probability vs. loss probability	1.27	1.57	-0.30
Calmar ratio Return relative to maximum drawdown	1.96	6.11	-4.16
Martin ratio Return relative to average drawdown	6.32	24.34	-18.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIISX vs. HRIOX - Sharpe Ratio Comparison

The current HIISX Sharpe Ratio is 1.45, which is lower than the HRIOX Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of HIISX and HRIOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIISX	HRIOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	3.37	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.77	-0.25

Correlation

The correlation between HIISX and HRIOX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HIISX vs. HRIOX - Dividend Comparison

HIISX's dividend yield for the trailing twelve months is around 8.71%, more than HRIOX's 5.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIISX Harbor International Small Cap Fund	8.71%	8.91%	4.71%	1.84%	2.22%	6.97%	0.93%	2.35%	3.78%	0.99%
HRIOX Hood River International Opportunity Fund	5.14%	5.88%	0.16%	1.44%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HIISX vs. HRIOX - Drawdown Comparison

The maximum HIISX drawdown since its inception was -42.19%, which is greater than HRIOX's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for HIISX and HRIOX.

Drawdown Indicators

	HIISX	HRIOX	Difference
Max Drawdown Largest peak-to-trough decline	-42.19%	-38.76%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-13.78%	+2.85%
Max Drawdown (5Y) Largest decline over 5 years	-26.11%	—	—
Current Drawdown Current decline from peak	-6.95%	-7.12%	+0.17%
Average Drawdown Average peak-to-trough decline	-8.97%	-12.71%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.46%	-0.08%

Volatility

HIISX vs. HRIOX - Volatility Comparison

The current volatility for Harbor International Small Cap Fund (HIISX) is 5.36%, while Hood River International Opportunity Fund (HRIOX) has a volatility of 10.80%. This indicates that HIISX experiences smaller price fluctuations and is considered to be less risky than HRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIISX	HRIOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	10.80%	-5.44%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	18.53%	-8.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.68%	24.83%	-10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.54%	20.90%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	20.90%	-4.63%