HRIOX vs. ARHBX
HRIOX (Hood River International Opportunity Fund) and ARHBX (Artisan International Explorer Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, HRIOX returned 42.84%/yr vs 19.03%/yr for ARHBX. A 0.66 correlation means they provide meaningful diversification when combined. HRIOX charges 1.50%/yr vs 1.35%/yr for ARHBX.
Performance
HRIOX vs. ARHBX - Performance Comparison
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Returns By Period
In the year-to-date period, HRIOX achieves a 49.59% return, which is significantly higher than ARHBX's 24.31% return.
HRIOX
- 1D
- 1.28%
- 1M
- 7.53%
- YTD
- 49.59%
- 6M
- 48.28%
- 1Y
- 98.29%
- 3Y*
- 42.84%
- 5Y*
- —
- 10Y*
- —
ARHBX
- 1D
- 1.50%
- 1M
- 4.72%
- YTD
- 24.31%
- 6M
- 23.83%
- 1Y
- 27.23%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
HRIOX vs. ARHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HRIOX Hood River International Opportunity Fund | 49.59% | 43.32% | 20.19% | 30.74% | -1.94% |
ARHBX Artisan International Explorer Fund | 24.31% | 18.32% | 8.34% | 20.65% | -2.64% |
Correlation
The correlation between HRIOX and ARHBX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 16, 2022 | 0.66 |
The correlation between HRIOX and ARHBX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
HRIOX vs. ARHBX — Risk / Return Rank
HRIOX
ARHBX
HRIOX vs. ARHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund (HRIOX) and Artisan International Explorer Fund (ARHBX). 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.
| HRIOX | ARHBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.32 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 7.24 | 2.89 | +4.35 |
| Martin ratioReturn relative to average drawdown | 28.51 | 8.18 | +20.33 |
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Drawdowns
HRIOX vs. ARHBX - Drawdown Comparison
The maximum HRIOX drawdown since its inception was -38.76%, which is greater than ARHBX's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for HRIOX and ARHBX.
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Drawdown Indicators
| HRIOX | ARHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -18.10% | -20.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -9.51% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -14.20% | -10.56% |
Current DrawdownCurrent decline from peak | 0.00% | -1.22% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -3.52% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.35% | +0.14% |
Volatility
HRIOX vs. ARHBX - Volatility Comparison
Hood River International Opportunity Fund (HRIOX) has a higher volatility of 10.52% compared to Artisan International Explorer Fund (ARHBX) at 7.67%. This indicates that HRIOX's price experiences larger fluctuations and is considered to be riskier than ARHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRIOX | ARHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 7.67% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 21.65% | 14.20% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.68% | 16.04% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 14.67% | +6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 14.67% | +6.94% |
HRIOX vs. ARHBX - Expense Ratio Comparison
HRIOX has a 1.50% expense ratio, which is higher than ARHBX's 1.35% expense ratio.
Dividends
HRIOX vs. ARHBX - Dividend Comparison
HRIOX's dividend yield for the trailing twelve months is around 3.93%, less than ARHBX's 5.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARHBX Artisan International Explorer Fund | 5.99% | 7.44% | 4.86% | 1.97% | 0.16% | 0.00% |
HRIOX Hood River International Opportunity Fund | 3.93% | 5.88% | 0.16% | 1.44% | 0.00% | 0.21% |
Frequently Asked Questions
HRIOX and ARHBX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRIOX has higher volatility (10.52%) compared to ARHBX (7.67%). In terms of maximum drawdown, HRIOX dropped -38.76% vs ARHBX's -18.10%.
HRIOX currently has the higher Sharpe Ratio (3.89 vs 1.72), 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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