HIISX vs. WCMSX
HIISX (Harbor International Small Cap Fund) and WCMSX (WCM International Small Cap Growth Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, HIISX returned 6.80%/yr vs -1.60%/yr for WCMSX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HIISX charges 1.32%/yr vs 1.25%/yr for WCMSX.
Performance
HIISX vs. WCMSX - Performance Comparison
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Returns By Period
In the year-to-date period, HIISX achieves a 15.23% return, which is significantly higher than WCMSX's 4.27% return.
HIISX
- 1D
- -1.21%
- 1M
- 2.34%
- 6M
- 10.61%
- YTD
- 15.23%
- 1Y
- 19.92%
- 3Y*
- 13.00%
- 5Y*
- 6.80%
- 10Y*
- —
- ALL TIME*
- 9.44%
WCMSX
- 1D
- 0.16%
- 1M
- -6.10%
- 6M
- -1.32%
- YTD
- 4.27%
- 1Y
- 0.26%
- 3Y*
- 11.03%
- 5Y*
- -1.60%
- 10Y*
- 11.30%
- ALL TIME*
- 11.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HIISX vs. WCMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIISX Harbor International Small Cap Fund | 15.23% | 24.37% | -1.12% | 8.90% | -8.70% | 16.70% | 7.75% | 21.61% | -19.71% | 37.11% |
WCMSX WCM International Small Cap Growth Fund | 4.27% | 18.14% | 4.33% | 22.26% | -42.12% | 16.65% | 55.36% | 45.02% | -8.94% | 42.35% |
Correlation
The correlation between HIISX and WCMSX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.77 |
The correlation between HIISX and WCMSX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
HIISX vs. WCMSX — Risk / Return Rank
HIISX
WCMSX
HIISX vs. WCMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor International Small Cap Fund (HIISX) and WCM International Small Cap Growth Fund (WCMSX). 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.
| HIISX | WCMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.01 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.02 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.13 | -0.05 | +6.18 |
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Drawdowns
HIISX vs. WCMSX - Drawdown Comparison
The maximum HIISX drawdown since its inception was -42.19%, smaller than the maximum WCMSX drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for HIISX and WCMSX.
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Drawdown Indicators
| HIISX | WCMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -51.60% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -14.39% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -18.77% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -51.60% | +25.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.60% | — |
Current DrawdownCurrent decline from peak | -1.21% | -15.66% | +14.45% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -15.71% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 4.94% | -1.54% |
Volatility
HIISX vs. WCMSX - Volatility Comparison
The current volatility for Harbor International Small Cap Fund (HIISX) is 3.97%, while WCM International Small Cap Growth Fund (WCMSX) has a volatility of 7.40%. This indicates that HIISX experiences smaller price fluctuations and is considered to be less risky than WCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIISX | WCMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 7.40% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 17.64% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 20.04% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 21.33% | -5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 20.16% | -3.95% |
HIISX vs. WCMSX - Expense Ratio Comparison
HIISX has a 1.32% expense ratio, which is higher than WCMSX's 1.25% expense ratio.
Dividends
HIISX vs. WCMSX - Dividend Comparison
HIISX's dividend yield for the trailing twelve months is around 7.73%, more than WCMSX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HIISX Harbor International Small Cap Fund | 7.73% | 8.91% | 4.71% | 1.84% | 2.22% | 6.97% | 0.93% | 2.35% | 3.78% | 0.99% |
WCMSX WCM International Small Cap Growth Fund | 0.78% | 0.81% | 1.31% | 0.00% | 0.00% | 10.27% | 2.73% | 0.57% | 4.04% | 1.10% |
Frequently Asked Questions
HIISX and WCMSX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCMSX has higher volatility (7.40%) compared to HIISX (3.97%). In terms of maximum drawdown, HIISX dropped -42.19% vs WCMSX's -51.60%.
HIISX currently has the higher Sharpe Ratio (1.53 vs -0.01), 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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