HLMIX vs. IEFA
Compare and contrast key facts about Harding Loevner International Equity Portfolio (HLMIX) and iShares Core MSCI EAFE ETF (IEFA).
HLMIX is managed by Harding Loevner. It was launched on May 10, 1994. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLMIX or IEFA.
Key characteristics
| HLMIX | IEFA | |
|---|---|---|
| YTD Return | 5.86% | 6.79% |
| 1Y Return | 15.31% | 18.21% |
| 3Y Return (Ann) | -2.08% | 1.66% |
| 5Y Return (Ann) | 5.31% | 5.97% |
| 10Y Return (Ann) | 5.59% | 5.52% |
| Sharpe Ratio | 1.28 | 1.45 |
| Sortino Ratio | 1.87 | 2.07 |
| Omega Ratio | 1.23 | 1.25 |
| Calmar Ratio | 0.79 | 1.54 |
| Martin Ratio | 6.16 | 7.74 |
| Ulcer Index | 2.58% | 2.43% |
| Daily Std Dev | 12.38% | 12.99% |
| Max Drawdown | -65.37% | -34.78% |
| Current Drawdown | -7.71% | -6.25% |
Correlation
The correlation between HLMIX and IEFA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HLMIX vs. IEFA - Performance Comparison
In the year-to-date period, HLMIX achieves a 5.86% return, which is significantly lower than IEFA's 6.79% return. Both investments have delivered pretty close results over the past 10 years, with HLMIX having a 5.59% annualized return and IEFA not far behind at 5.52%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HLMIX vs. IEFA - Expense Ratio Comparison
HLMIX has a 0.79% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Risk-Adjusted Performance
HLMIX vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner International Equity Portfolio (HLMIX) and iShares Core MSCI EAFE ETF (IEFA). 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.
Dividends
HLMIX vs. IEFA - Dividend Comparison
HLMIX's dividend yield for the trailing twelve months is around 1.88%, less than IEFA's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMIX Harding Loevner International Equity Portfolio | 1.88% | 1.99% | 2.51% | 1.41% | 0.75% | 1.59% | 1.50% | 0.87% | 0.98% | 1.02% | 1.03% | 0.79% |
IEFA iShares Core MSCI EAFE ETF | 3.09% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
HLMIX vs. IEFA - Drawdown Comparison
The maximum HLMIX drawdown since its inception was -65.37%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for HLMIX and IEFA. For additional features, visit the drawdowns tool.
Volatility
HLMIX vs. IEFA - Volatility Comparison
Harding Loevner International Equity Portfolio (HLMIX) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 3.94% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.