HRIOX vs. WAIGX
HRIOX (Hood River International Opportunity Fund) and WAIGX (Wasatch International Growth Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, HRIOX returned 36.08%/yr vs 8.30%/yr for WAIGX. A 0.75 correlation means they provide meaningful diversification when combined. HRIOX charges 1.50%/yr vs 1.44%/yr for WAIGX.
Performance
HRIOX vs. WAIGX - Performance Comparison
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Returns By Period
In the year-to-date period, HRIOX achieves a 34.51% return, which is significantly higher than WAIGX's 7.73% return.
HRIOX
- 1D
- 0.76%
- 1M
- -4.52%
- 6M
- 21.14%
- YTD
- 34.51%
- 1Y
- 73.90%
- 3Y*
- 36.08%
- 5Y*
- —
- 10Y*
- —
WAIGX
- 1D
- 0.06%
- 1M
- -1.00%
- 6M
- 5.58%
- YTD
- 7.73%
- 1Y
- -0.37%
- 3Y*
- 8.30%
- 5Y*
- -2.54%
- 10Y*
- 4.61%
HRIOX vs. WAIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HRIOX Hood River International Opportunity Fund | 34.51% | 43.32% | 20.19% | 30.74% | -25.86% | 2.01% |
WAIGX Wasatch International Growth Fund | 7.73% | 11.89% | -0.62% | 11.64% | -36.64% | 1.32% |
Correlation
The correlation between HRIOX and WAIGX 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.75 |
The correlation between HRIOX and WAIGX has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
HRIOX vs. WAIGX — Risk / Return Rank
HRIOX
WAIGX
HRIOX vs. WAIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River International Opportunity Fund (HRIOX) and Wasatch International Growth Fund (WAIGX). 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 | WAIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.00 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | -0.05 | +5.32 |
| Martin ratioReturn relative to average drawdown | 18.34 | -0.12 | +18.46 |
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Drawdowns
HRIOX vs. WAIGX - Drawdown Comparison
The maximum HRIOX drawdown since its inception was -38.76%, smaller than the maximum WAIGX drawdown of -67.66%. Use the drawdown chart below to compare losses from any high point for HRIOX and WAIGX.
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Drawdown Indicators
| HRIOX | WAIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -67.66% | +28.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -17.68% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -19.49% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.06% | — |
Current DrawdownCurrent decline from peak | -10.08% | -20.81% | +10.73% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -14.35% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 7.21% | -3.26% |
Volatility
HRIOX vs. WAIGX - Volatility Comparison
Hood River International Opportunity Fund (HRIOX) has a higher volatility of 11.49% compared to Wasatch International Growth Fund (WAIGX) at 4.95%. This indicates that HRIOX's price experiences larger fluctuations and is considered to be riskier than WAIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRIOX | WAIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.49% | 4.95% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 13.17% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.88% | 15.24% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 18.93% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 18.08% | +3.76% |
HRIOX vs. WAIGX - Expense Ratio Comparison
HRIOX has a 1.50% expense ratio, which is higher than WAIGX's 1.44% expense ratio.
Dividends
HRIOX vs. WAIGX - Dividend Comparison
HRIOX's dividend yield for the trailing twelve months is around 4.37%, less than WAIGX's 49.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HRIOX Hood River International Opportunity Fund | 4.37% | 5.88% | 0.16% | 1.44% | 0.00% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WAIGX Wasatch International Growth Fund | 49.92% | 53.78% | 20.59% | 0.00% | 0.00% | 10.13% | 10.93% | 2.50% | 17.84% | 2.71% | 4.01% |
Frequently Asked Questions
HRIOX and WAIGX 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.
HRIOX has higher volatility (11.49%) compared to WAIGX (4.95%). In terms of maximum drawdown, HRIOX dropped -38.76% vs WAIGX's -67.66%.
HRIOX currently has the higher Sharpe Ratio (2.70 vs -0.06), 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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