HRIIX vs. CSGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Hood River International Opportunity Fund Investor Class (HRIIX) and Calamos International Small Cap Growth Fund (CSGIX).

HRIIX is an actively managed fund by Hood River. It was launched on Aug 11, 2023. CSGIX is managed by Calamos. It was launched on Mar 30, 2022.

Performance

HRIIX vs. CSGIX - Performance Comparison

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

HRIIX vs. CSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HRIIX Hood River International Opportunity Fund Investor Class	6.14%	42.94%	19.95%	20.39%
CSGIX Calamos International Small Cap Growth Fund	2.83%	15.11%	10.21%	19.97%

Returns By Period

In the year-to-date period, HRIIX achieves a 6.14% return, which is significantly higher than CSGIX's 2.83% return.

HRIIX

• 1D: -2.33%
• 1M: -13.38%
• YTD: 6.14%
• 6M: 13.09%
• 1Y: 70.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSGIX

• 1D: -1.69%
• 1M: -13.68%
• YTD: 2.83%
• 6M: -5.44%
• 1Y: 23.73%
• 3Y*: 12.84%
• 5Y*: —
• 10Y*: —

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

HRIIX vs. CSGIX - Expense Ratio Comparison

HRIIX has a 1.51% expense ratio, which is lower than CSGIX's 2.67% expense ratio.

CSGIX

Calamos International Small Cap Growth Fund

HRIIX

Hood River International Opportunity Fund Investor Class

Return for Risk

HRIIX vs. CSGIX — Risk / Return Rank

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

HRIIX

HRIIX Risk / Return Rank: 97
HRIIX Sharpe Ratio Rank: 98
HRIIX Sortino Ratio Rank: 96
HRIIX Omega Ratio Rank: 94
HRIIX Calmar Ratio Rank: 98
HRIIX Martin Ratio Rank: 98

CSGIX

CSGIX Risk / Return Rank: 59
CSGIX Sharpe Ratio Rank: 69
CSGIX Sortino Ratio Rank: 63
CSGIX Omega Ratio Rank: 57
CSGIX Calmar Ratio Rank: 66
CSGIX Martin Ratio Rank: 40

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.

HRIIX vs. CSGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund Investor Class (HRIIX) and Calamos International Small Cap Growth Fund (CSGIX). 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.

	HRIIX	CSGIX	Difference
Sharpe ratio Return per unit of total volatility	2.87	1.24	+1.63
Sortino ratio Return per unit of downside risk	3.49	1.65	+1.85
Omega ratio Gain probability vs. loss probability	1.49	1.23	+0.26
Calmar ratio Return relative to maximum drawdown	4.78	1.54	+3.25
Martin ratio Return relative to average drawdown	19.50	4.20	+15.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRIIX vs. CSGIX - Sharpe Ratio Comparison

The current HRIIX Sharpe Ratio is 2.87, which is higher than the CSGIX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of HRIIX and CSGIX, 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

	HRIIX	CSGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	1.24	+1.63
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.25	+1.54

Correlation

The correlation between HRIIX and CSGIX is 0.78, 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.

Dividends

HRIIX vs. CSGIX - Dividend Comparison

HRIIX's dividend yield for the trailing twelve months is around 5.43%, more than CSGIX's 1.19% yield.

	TTM	2025	2024	2023	2022
HRIIX Hood River International Opportunity Fund Investor Class	5.43%	5.76%	0.03%	1.41%	0.00%
CSGIX Calamos International Small Cap Growth Fund	1.19%	1.22%	0.00%	0.00%	0.71%

Drawdowns

HRIIX vs. CSGIX - Drawdown Comparison

The maximum HRIIX drawdown since its inception was -24.78%, smaller than the maximum CSGIX drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for HRIIX and CSGIX.

Drawdown Indicators

	HRIIX	CSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.78%	-26.50%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-13.68%	-0.10%
Current Drawdown Current decline from peak	-13.78%	-13.68%	-0.10%
Average Drawdown Average peak-to-trough decline	-3.59%	-10.62%	+7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	5.01%	-1.63%

Volatility

HRIIX vs. CSGIX - Volatility Comparison

Hood River International Opportunity Fund Investor Class (HRIIX) has a higher volatility of 9.80% compared to Calamos International Small Cap Growth Fund (CSGIX) at 8.69%. This indicates that HRIIX's price experiences larger fluctuations and is considered to be riskier than CSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRIIX	CSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.80%	8.69%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	17.84%	13.97%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	18.46%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.43%	17.05%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.43%	17.05%	+4.38%