HRIOX vs. GISOX

Last updated Apr 1, 2026

Compare and contrast key facts about Hood River International Opportunity Fund (HRIOX) and Grandeur Peak International Stalwarts Fund (GISOX).

HRIOX is managed by Hood River Capital Management. It was launched on Sep 27, 2021. GISOX is managed by Grandeur Peak Funds. It was launched on Aug 31, 2015.

Performance

HRIOX vs. GISOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hood River International Opportunity Fund (HRIOX) and Grandeur Peak International Stalwarts Fund (GISOX). The values are adjusted to include any dividend payments, if applicable.

HRIOX vs. GISOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HRIOX Hood River International Opportunity Fund	6.18%	43.32%	20.19%	30.74%	-25.86%	2.01%
GISOX Grandeur Peak International Stalwarts Fund	-4.04%	9.82%	-10.00%	14.58%	-37.61%	4.11%

Returns By Period

In the year-to-date period, HRIOX achieves a 6.18% return, which is significantly higher than GISOX's -4.04% return.

HRIOX

• 1D: -2.32%
• 1M: -13.38%
• YTD: 6.18%
• 6M: 13.19%
• 1Y: 71.03%
• 3Y*: 30.42%
• 5Y*: —
• 10Y*: —

GISOX

• 1D: -0.35%
• 1M: -9.25%
• YTD: -4.04%
• 6M: -3.60%
• 1Y: 10.46%
• 3Y*: 1.48%
• 5Y*: -3.52%
• 10Y*: 5.95%

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

HRIOX vs. GISOX - Expense Ratio Comparison

HRIOX has a 1.50% expense ratio, which is higher than GISOX's 1.15% expense ratio.

HRIOX

Hood River International Opportunity Fund

GISOX

Grandeur Peak International Stalwarts Fund

Return for Risk

HRIOX vs. GISOX — Risk / Return Rank

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

HRIOX

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

GISOX

GISOX Risk / Return Rank: 18
GISOX Sharpe Ratio Rank: 18
GISOX Sortino Ratio Rank: 18
GISOX Omega Ratio Rank: 17
GISOX Calmar Ratio Rank: 20
GISOX Martin Ratio Rank: 15

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. GISOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund (HRIOX) and Grandeur Peak International Stalwarts Fund (GISOX). 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.

	HRIOX	GISOX	Difference
Sharpe ratio Return per unit of total volatility	2.89	0.46	+2.42
Sortino ratio Return per unit of downside risk	3.52	0.79	+2.72
Omega ratio Gain probability vs. loss probability	1.50	1.10	+0.39
Calmar ratio Return relative to maximum drawdown	4.81	0.60	+4.21
Martin ratio Return relative to average drawdown	19.64	1.50	+18.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRIOX vs. GISOX - Sharpe Ratio Comparison

The current HRIOX Sharpe Ratio is 2.89, which is higher than the GISOX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of HRIOX and GISOX, 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

	HRIOX	GISOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	0.46	+2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.33	+0.35

Correlation

The correlation between HRIOX and GISOX is 0.73, 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

HRIOX vs. GISOX - Dividend Comparison

HRIOX's dividend yield for the trailing twelve months is around 5.54%, more than GISOX's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HRIOX Hood River International Opportunity Fund	5.54%	5.88%	0.16%	1.44%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%
GISOX Grandeur Peak International Stalwarts Fund	0.53%	0.50%	0.45%	0.54%	0.10%	8.61%	0.21%	0.14%	2.76%	1.38%	0.29%

Drawdowns

HRIOX vs. GISOX - Drawdown Comparison

The maximum HRIOX drawdown since its inception was -38.76%, smaller than the maximum GISOX drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for HRIOX and GISOX.

Drawdown Indicators

	HRIOX	GISOX	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-47.98%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-10.42%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-47.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.98%	—
Current Drawdown Current decline from peak	-13.78%	-34.86%	+21.08%
Average Drawdown Average peak-to-trough decline	-12.72%	-17.40%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.17%	-0.80%

Volatility

HRIOX vs. GISOX - Volatility Comparison

Hood River International Opportunity Fund (HRIOX) has a higher volatility of 9.83% compared to Grandeur Peak International Stalwarts Fund (GISOX) at 7.57%. This indicates that HRIOX's price experiences larger fluctuations and is considered to be riskier than GISOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRIOX	GISOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	7.57%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	11.70%	+6.15%
Volatility (1Y) Calculated over the trailing 1-year period	24.37%	18.22%	+6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	19.77%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	18.59%	+2.17%