ISCAX vs. OPGIX
ISCAX (Federated Hermes International Small-Mid Company Fund) and OPGIX (Invesco Global Opportunities Fund Class A) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, ISCAX returned 9.97%/yr vs 5.76%/yr for OPGIX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. ISCAX charges 1.24%/yr vs 1.04%/yr for OPGIX.
Performance
ISCAX vs. OPGIX - Performance Comparison
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Returns By Period
In the year-to-date period, ISCAX achieves a 8.20% return, which is significantly lower than OPGIX's 11.91% return. Over the past 10 years, ISCAX has outperformed OPGIX with an annualized return of 9.97%, while OPGIX has yielded a comparatively lower 5.76% annualized return.
ISCAX
- 1D
- -0.06%
- 1M
- -0.92%
- 6M
- 2.53%
- YTD
- 8.20%
- 1Y
- 14.30%
- 3Y*
- 15.65%
- 5Y*
- 4.94%
- 10Y*
- 9.97%
- ALL TIME*
- 9.49%
OPGIX
- 1D
- -0.41%
- 1M
- 0.04%
- 6M
- 7.38%
- YTD
- 11.91%
- 1Y
- 14.82%
- 3Y*
- 2.76%
- 5Y*
- -6.41%
- 10Y*
- 5.76%
- ALL TIME*
- 9.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ISCAX vs. OPGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCAX Federated Hermes International Small-Mid Company Fund | 8.20% | 34.01% | 5.67% | 12.61% | -23.62% | 5.98% | 31.26% | 31.76% | -18.88% | 34.73% |
OPGIX Invesco Global Opportunities Fund Class A | 11.91% | 7.12% | -7.47% | 17.34% | -41.63% | 0.02% | 39.82% | 27.74% | -18.26% | 52.59% |
Correlation
The correlation between ISCAX and OPGIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1996 | 0.73 |
The correlation between ISCAX and OPGIX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
ISCAX vs. OPGIX — Risk / Return Rank
ISCAX
OPGIX
ISCAX vs. OPGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Small-Mid Company Fund (ISCAX) and Invesco Global Opportunities Fund Class A (OPGIX). 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.
| ISCAX | OPGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.57 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.08 | 5.38 | -0.29 |
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Drawdowns
ISCAX vs. OPGIX - Drawdown Comparison
The maximum ISCAX drawdown since its inception was -71.55%, which is greater than OPGIX's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for ISCAX and OPGIX.
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Drawdown Indicators
| ISCAX | OPGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.55% | -62.57% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -10.08% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -23.34% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -40.33% | -52.49% | +12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -40.33% | -54.65% | +14.32% |
Current DrawdownCurrent decline from peak | -4.11% | -33.74% | +29.63% |
Average DrawdownAverage peak-to-trough decline | -22.13% | -15.81% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.83% | +0.32% |
Volatility
ISCAX vs. OPGIX - Volatility Comparison
Federated Hermes International Small-Mid Company Fund (ISCAX) has a higher volatility of 5.20% compared to Invesco Global Opportunities Fund Class A (OPGIX) at 4.91%. This indicates that ISCAX's price experiences larger fluctuations and is considered to be riskier than OPGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCAX | OPGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 4.91% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 14.32% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 18.20% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 22.71% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 22.42% | -5.20% |
ISCAX vs. OPGIX - Expense Ratio Comparison
ISCAX has a 1.24% expense ratio, which is higher than OPGIX's 1.04% expense ratio.
Dividends
ISCAX vs. OPGIX - Dividend Comparison
ISCAX's dividend yield for the trailing twelve months is around 6.88%, more than OPGIX's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCAX Federated Hermes International Small-Mid Company Fund | 6.88% | 7.45% | 0.00% | 0.84% | 0.79% | 7.79% | 5.80% | 4.89% | 15.53% | 6.51% | 0.92% | 12.23% |
OPGIX Invesco Global Opportunities Fund Class A | 0.10% | 0.11% | 0.01% | 0.00% | 0.00% | 5.29% | 8.95% | 6.16% | 10.87% | 2.32% | 7.86% | 0.66% |
Frequently Asked Questions
ISCAX and OPGIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCAX has higher volatility (5.20%) compared to OPGIX (4.91%). In terms of maximum drawdown, ISCAX dropped -71.55% vs OPGIX's -62.57%.
ISCAX currently has the higher Sharpe Ratio (1.03 vs 0.87), 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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