HRIOX vs. DISMX

Last updated Jun 23, 2026

HRIOX (Hood River International Opportunity Fund) and DISMX (DFA International Small Cap Growth Portfolio) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, HRIOX returned 40.59%/yr vs 12.76%/yr for DISMX. A 0.79 correlation means they provide meaningful diversification when combined. HRIOX charges 1.50%/yr vs 0.53%/yr for DISMX.

Performance

HRIOX vs. DISMX - Performance Comparison

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

Returns By Period

In the year-to-date period, HRIOX achieves a 47.70% return, which is significantly higher than DISMX's 7.36% return.

HRIOX

• 1D: 2.18%
• 1M: 6.17%
• YTD: 47.70%
• 6M: 46.50%
• 1Y: 96.71%
• 3Y*: 40.59%
• 5Y*: —
• 10Y*: —

DISMX

• 1D: 0.20%
• 1M: 0.35%
• YTD: 7.36%
• 6M: 7.30%
• 1Y: 16.87%
• 3Y*: 12.76%
• 5Y*: 3.06%
• 10Y*: 7.23%

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

HRIOX vs. DISMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HRIOX Hood River International Opportunity Fund	47.70%	43.32%	20.19%	30.74%	-25.86%	2.01%
DISMX DFA International Small Cap Growth Portfolio	7.36%	27.95%	1.30%	11.55%	-25.16%	-0.82%

Correlation

The correlation between HRIOX and DISMX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021	0.79

The correlation between HRIOX and DISMX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

HRIOX vs. DISMX — Risk / Return Rank

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

HRIOX

HRIOX Risk / Return Rank: 95
HRIOX Sharpe Ratio Rank: 98
HRIOX Sortino Ratio Rank: 93
HRIOX Omega Ratio Rank: 89
HRIOX Calmar Ratio Rank: 97
HRIOX Martin Ratio Rank: 98

DISMX

DISMX Risk / Return Rank: 18
DISMX Sharpe Ratio Rank: 18
DISMX Sortino Ratio Rank: 18
DISMX Omega Ratio Rank: 17
DISMX Calmar Ratio Rank: 16
DISMX Martin Ratio Rank: 22

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.

HRIOX vs. DISMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund (HRIOX) and DFA International Small Cap Growth Portfolio (DISMX). 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	DISMX	Difference
Sharpe ratio: Return per unit of total volatility	3.73	1.11	+2.61
Sortino ratio: Return per unit of downside risk	4.39	1.66	+2.73
Omega ratio: Gain probability vs. loss probability	1.59	1.20	+0.39
Calmar ratio: Return relative to maximum drawdown	6.93	1.33	+5.60
Martin ratio: Return relative to average drawdown	27.29	4.98	+22.31

HRIOX vs. DISMX - Sharpe Ratio Comparison

The current HRIOX Sharpe Ratio is 3.73, which is higher than the DISMX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of HRIOX and DISMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HRIOX vs. DISMX - Drawdown Comparison

The maximum HRIOX drawdown since its inception was -38.76%, smaller than the maximum DISMX drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for HRIOX and DISMX.

Drawdown Indicators

	HRIOX	DISMX	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-41.53%	+2.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-12.22%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-15.59%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.53%	—
Current Drawdown Current decline from peak	0.00%	-1.50%	+1.50%
Average Drawdown Average peak-to-trough decline	-12.21%	-10.47%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	3.26%	+0.23%

Volatility

HRIOX vs. DISMX - Volatility Comparison

Hood River International Opportunity Fund (HRIOX) has a higher volatility of 10.68% compared to DFA International Small Cap Growth Portfolio (DISMX) at 4.56%. This indicates that HRIOX's price experiences larger fluctuations and is considered to be riskier than DISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRIOX	DISMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	4.56%	+6.12%
Volatility (6M) Calculated over the trailing 6-month period	21.76%	12.20%	+9.56%
Volatility (1Y) Calculated over the trailing 1-year period	25.64%	14.60%	+11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	16.83%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.61%	16.40%	+5.21%

HRIOX vs. DISMX - Expense Ratio Comparison

HRIOX has a 1.50% expense ratio, which is higher than DISMX's 0.53% expense ratio.

Dividends

HRIOX vs. DISMX - Dividend Comparison

HRIOX's dividend yield for the trailing twelve months is around 3.98%, more than DISMX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DISMX DFA International Small Cap Growth Portfolio	1.83%	1.98%	2.48%	2.15%	2.17%	1.89%	1.11%	2.31%	5.59%	3.79%	1.73%	2.75%
HRIOX Hood River International Opportunity Fund	3.98%	5.88%	0.16%	1.44%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HRIOX and DISMX in my portfolio?

HRIOX and DISMX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HRIOX or DISMX?

HRIOX has higher volatility (10.68%) compared to DISMX (4.56%). In terms of maximum drawdown, HRIOX dropped -38.76% vs DISMX's -41.53%.

Which has better risk-adjusted returns?

HRIOX currently has the higher Sharpe Ratio (3.73 vs 1.11), 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.