IEGAX vs. HRIOX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco EQV International Small Company Fund (IEGAX) and Hood River International Opportunity Fund (HRIOX).

IEGAX is managed by Invesco. It was launched on Aug 30, 2000. HRIOX is managed by Hood River Capital Management. It was launched on Sep 27, 2021.

Performance

IEGAX vs. HRIOX - Performance Comparison

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

IEGAX vs. HRIOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IEGAX Invesco EQV International Small Company Fund	-4.25%	25.92%	-2.63%	14.10%	-11.28%	2.34%
HRIOX Hood River International Opportunity Fund	6.18%	43.32%	20.19%	30.74%	-25.86%	2.01%

Returns By Period

In the year-to-date period, IEGAX achieves a -4.25% return, which is significantly lower than HRIOX's 6.18% return.

IEGAX

• 1D: -0.83%
• 1M: -12.41%
• YTD: -4.25%
• 6M: -1.74%
• 1Y: 16.44%
• 3Y*: 8.82%
• 5Y*: 5.44%
• 10Y*: 7.54%

HRIOX

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

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

IEGAX vs. HRIOX - Expense Ratio Comparison

IEGAX has a 1.49% expense ratio, which is lower than HRIOX's 1.50% expense ratio.

HRIOX

Hood River International Opportunity Fund

IEGAX

Invesco EQV International Small Company Fund

Return for Risk

IEGAX vs. HRIOX — Risk / Return Rank

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

IEGAX

IEGAX Risk / Return Rank: 47
IEGAX Sharpe Ratio Rank: 52
IEGAX Sortino Ratio Rank: 47
IEGAX Omega Ratio Rank: 44
IEGAX Calmar Ratio Rank: 46
IEGAX Martin Ratio Rank: 44

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

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.

IEGAX vs. HRIOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV International Small Company Fund (IEGAX) and Hood River International Opportunity Fund (HRIOX). 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.

	IEGAX	HRIOX	Difference
Sharpe ratio Return per unit of total volatility	0.99	2.89	-1.90
Sortino ratio Return per unit of downside risk	1.37	3.52	-2.15
Omega ratio Gain probability vs. loss probability	1.19	1.50	-0.30
Calmar ratio Return relative to maximum drawdown	1.14	4.81	-3.67
Martin ratio Return relative to average drawdown	4.49	19.64	-15.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEGAX vs. HRIOX - Sharpe Ratio Comparison

The current IEGAX Sharpe Ratio is 0.99, which is lower than the HRIOX Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of IEGAX and HRIOX, 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

	IEGAX	HRIOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	2.89	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.68	-0.17

Correlation

The correlation between IEGAX and HRIOX is 0.74, 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

IEGAX vs. HRIOX - Dividend Comparison

IEGAX's dividend yield for the trailing twelve months is around 14.57%, more than HRIOX's 5.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEGAX Invesco EQV International Small Company Fund	14.57%	13.95%	3.17%	2.26%	2.98%	4.22%	1.11%	4.55%	3.87%	6.32%	6.29%	8.20%
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%	0.00%

Drawdowns

IEGAX vs. HRIOX - Drawdown Comparison

The maximum IEGAX drawdown since its inception was -65.36%, which is greater than HRIOX's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for IEGAX and HRIOX.

Drawdown Indicators

	IEGAX	HRIOX	Difference
Max Drawdown Largest peak-to-trough decline	-65.36%	-38.76%	-26.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-13.78%	+1.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.09%	—	—
Current Drawdown Current decline from peak	-12.41%	-13.78%	+1.37%
Average Drawdown Average peak-to-trough decline	-13.31%	-12.72%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.37%	-0.23%

Volatility

IEGAX vs. HRIOX - Volatility Comparison

The current volatility for Invesco EQV International Small Company Fund (IEGAX) is 6.52%, while Hood River International Opportunity Fund (HRIOX) has a volatility of 9.83%. This indicates that IEGAX experiences smaller price fluctuations and is considered to be less risky than HRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEGAX	HRIOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	9.83%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	17.85%	-7.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	24.37%	-9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	20.76%	-7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	20.76%	-6.81%