HRIIX vs. MOWIX

Last updated Apr 1, 2026

Compare and contrast key facts about Hood River International Opportunity Fund Investor Class (HRIIX) and Moerus Worldwide Value Fund (MOWIX).

HRIIX is an actively managed fund by Hood River. It was launched on Aug 11, 2023. MOWIX is managed by MOERUS FUNDS. It was launched on May 30, 2016.

Performance

HRIIX vs. MOWIX - Performance Comparison

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

HRIIX vs. MOWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HRIIX Hood River International Opportunity Fund Investor Class	6.14%	42.94%	19.95%	20.39%
MOWIX Moerus Worldwide Value Fund	2.90%	40.23%	15.96%	16.23%

Returns By Period

In the year-to-date period, HRIIX achieves a 6.14% return, which is significantly higher than MOWIX's 2.90% return.

HRIIX

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

MOWIX

• 1D: -0.70%
• 1M: -10.71%
• YTD: 2.90%
• 6M: 7.76%
• 1Y: 39.09%
• 3Y*: 26.86%
• 5Y*: 37.86%
• 10Y*: —

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

HRIIX vs. MOWIX - Expense Ratio Comparison

HRIIX has a 1.51% expense ratio, which is higher than MOWIX's 1.40% expense ratio.

HRIIX

Hood River International Opportunity Fund Investor Class

MOWIX

Moerus Worldwide Value Fund

Return for Risk

HRIIX vs. MOWIX — 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

MOWIX

MOWIX Risk / Return Rank: 93
MOWIX Sharpe Ratio Rank: 95
MOWIX Sortino Ratio Rank: 92
MOWIX Omega Ratio Rank: 90
MOWIX Calmar Ratio Rank: 94
MOWIX Martin Ratio Rank: 94

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. MOWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund Investor Class (HRIIX) and Moerus Worldwide Value Fund (MOWIX). 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	MOWIX	Difference
Sharpe ratio Return per unit of total volatility	2.87	2.24	+0.63
Sortino ratio Return per unit of downside risk	3.49	2.76	+0.73
Omega ratio Gain probability vs. loss probability	1.49	1.41	+0.08
Calmar ratio Return relative to maximum drawdown	4.78	3.13	+1.66
Martin ratio Return relative to average drawdown	19.50	12.06	+7.43
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. MOWIX - Sharpe Ratio Comparison

The current HRIIX Sharpe Ratio is 2.87, which is comparable to the MOWIX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of HRIIX and MOWIX, 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	MOWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	2.24	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.77	+1.03

Correlation

The correlation between HRIIX and MOWIX is 0.61, 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

HRIIX vs. MOWIX - Dividend Comparison

HRIIX's dividend yield for the trailing twelve months is around 5.43%, less than MOWIX's 10.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRIIX Hood River International Opportunity Fund Investor Class	5.43%	5.76%	0.03%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MOWIX Moerus Worldwide Value Fund	10.13%	10.42%	4.65%	4.98%	0.55%	55.38%	0.72%	94.90%	1.93%	0.86%

Drawdowns

HRIIX vs. MOWIX - Drawdown Comparison

The maximum HRIIX drawdown since its inception was -24.78%, smaller than the maximum MOWIX drawdown of -46.25%. Use the drawdown chart below to compare losses from any high point for HRIIX and MOWIX.

Drawdown Indicators

	HRIIX	MOWIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.78%	-46.25%	+21.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-11.21%	-2.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.11%	—
Current Drawdown Current decline from peak	-13.78%	-10.71%	-3.07%
Average Drawdown Average peak-to-trough decline	-3.59%	-7.28%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.00%	+0.38%

Volatility

HRIIX vs. MOWIX - Volatility Comparison

Hood River International Opportunity Fund Investor Class (HRIIX) has a higher volatility of 9.80% compared to Moerus Worldwide Value Fund (MOWIX) at 6.23%. This indicates that HRIIX's price experiences larger fluctuations and is considered to be riskier than MOWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRIIX	MOWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.80%	6.23%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	17.84%	12.50%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	17.10%	+7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.43%	50.85%	-29.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.43%	47.18%	-25.75%