ISCIX vs. AVDVX
ISCIX (Federated Hermes International Small-Mid Company Fund IS) and AVDVX (Avantis International Small Cap Value Fund Institutional Class) are both Foreign Small & Mid Cap Equities funds. ISCIX is passively managed, while AVDVX is actively managed. Over the past 5 years, ISCIX returned 5.16%/yr vs 14.17%/yr for AVDVX. Their correlation of 0.87 means they have usually moved in the same direction. ISCIX charges 0.99%/yr vs 0.36%/yr for AVDVX.
Performance
ISCIX vs. AVDVX - Performance Comparison
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Returns By Period
In the year-to-date period, ISCIX achieves a 8.41% return, which is significantly lower than AVDVX's 15.16% return.
ISCIX
- 1D
- 2.46%
- 1M
- -0.85%
- 6M
- 1.57%
- YTD
- 8.41%
- 1Y
- 14.62%
- 3Y*
- 15.47%
- 5Y*
- 5.16%
- 10Y*
- 10.19%
- ALL TIME*
- 6.18%
AVDVX
- 1D
- 2.89%
- 1M
- 1.95%
- 6M
- 6.98%
- YTD
- 15.16%
- 1Y
- 36.64%
- 3Y*
- 24.46%
- 5Y*
- 14.17%
- 10Y*
- —
- ALL TIME*
- 14.63%
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 |
ISCIX vs. AVDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ISCIX Federated Hermes International Small-Mid Company Fund IS | 8.41% | 34.34% | 5.73% | 12.85% | -23.42% | 6.25% | 31.54% | 5.03% |
AVDVX Avantis International Small Cap Value Fund Institutional Class | 15.16% | 48.24% | 8.41% | 16.75% | -10.88% | 15.46% | 5.65% | 5.61% |
Correlation
The correlation between ISCIX and AVDVX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.87 |
The correlation between ISCIX and AVDVX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
ISCIX vs. AVDVX — Risk / Return Rank
ISCIX
AVDVX
ISCIX vs. AVDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Small-Mid Company Fund IS (ISCIX) and Avantis International Small Cap Value Fund Institutional Class (AVDVX). 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.
| ISCIX | AVDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.84 | -1.55 |
| Martin ratioReturn relative to average drawdown | 4.36 | 10.20 | -5.83 |
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Drawdowns
ISCIX vs. AVDVX - Drawdown Comparison
The maximum ISCIX drawdown since its inception was -62.00%, which is greater than AVDVX's maximum drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for ISCIX and AVDVX.
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Drawdown Indicators
| ISCIX | AVDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.00% | -43.06% | -18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -12.92% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -13.84% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -27.37% | -12.80% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | — | — |
Current DrawdownCurrent decline from peak | -4.02% | -2.48% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -6.65% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.59% | -0.18% |
Volatility
ISCIX vs. AVDVX - Volatility Comparison
The current volatility for Federated Hermes International Small-Mid Company Fund IS (ISCIX) is 5.19%, while Avantis International Small Cap Value Fund Institutional Class (AVDVX) has a volatility of 5.54%. This indicates that ISCIX experiences smaller price fluctuations and is considered to be less risky than AVDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCIX | AVDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.54% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 14.29% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 16.62% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 16.90% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 19.42% | -2.35% |
ISCIX vs. AVDVX - Expense Ratio Comparison
ISCIX has a 0.99% expense ratio, which is higher than AVDVX's 0.36% expense ratio.
Dividends
ISCIX vs. AVDVX - Dividend Comparison
ISCIX's dividend yield for the trailing twelve months is around 6.88%, less than AVDVX's 9.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDVX Avantis International Small Cap Value Fund Institutional Class | 9.10% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
ISCIX Federated Hermes International Small-Mid Company Fund IS | 6.88% | 7.45% | 0.00% | 1.05% | 1.04% | 7.82% | 5.64% | 4.97% | 15.45% | 6.38% | 0.90% | 12.28% |
Frequently Asked Questions
ISCIX and AVDVX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDVX has higher volatility (5.54%) compared to ISCIX (5.19%). In terms of maximum drawdown, ISCIX dropped -62.00% vs AVDVX's -43.06%.
AVDVX currently has the higher Sharpe Ratio (2.22 vs 0.94), 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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