ISCIX vs. BEARX
ISCIX (Federated Hermes International Small-Mid Company Fund IS) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - ISCIX is a Foreign Small & Mid Cap Equities fund tracking the MSCI ACWI ex USA SMID Cap Index, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, ISCIX returned 10.32%/yr vs -14.66%/yr for BEARX. At a correlation of -0.71, they often move in opposite directions. ISCIX charges 0.99%/yr vs 1.78%/yr for BEARX.
Performance
ISCIX vs. BEARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISCIX achieves a 12.10% return, which is significantly higher than BEARX's -9.50% return. Over the past 10 years, ISCIX has outperformed BEARX with an annualized return of 10.32%, while BEARX has yielded a comparatively lower -14.66% annualized return.
ISCIX
- 1D
- 0.00%
- 1M
- 4.26%
- YTD
- 12.10%
- 6M
- 14.50%
- 1Y
- 22.09%
- 3Y*
- 18.44%
- 5Y*
- 6.44%
- 10Y*
- 10.32%
BEARX
- 1D
- -0.29%
- 1M
- -5.77%
- YTD
- -9.50%
- 6M
- -9.81%
- 1Y
- -19.70%
- 3Y*
- -16.79%
- 5Y*
- -12.48%
- 10Y*
- -14.66%
ISCIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCIX Federated Hermes International Small-Mid Company Fund IS | 12.10% | 34.34% | 5.73% | 12.85% | -23.42% | 6.25% | 31.54% | 32.03% | -18.74% | 34.98% |
BEARX Federated Hermes Prudent Bear Fd | -9.50% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between ISCIX and BEARX is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | -0.71 |
Over the past year, the inverse relationship between ISCIX and BEARX has weakened: their correlation has moved from -0.71 to -0.37, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISCIX vs. BEARX — Risk / Return Rank
ISCIX
BEARX
ISCIX vs. BEARX - 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 Federated Hermes Prudent Bear Fd (BEARX). 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.
| ISCIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.34 | ||
| Sortino ratioReturn per unit of downside risk | +4.84 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.70 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -1.00 | +2.99 |
| Martin ratioReturn relative to average drawdown | 7.51 | -1.89 | +9.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ISCIX | BEARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | -1.75 | +3.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.74 | +1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | -0.88 | +1.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.02 | +0.33 |
Drawdowns
ISCIX vs. BEARX - Drawdown Comparison
The maximum ISCIX drawdown since its inception was -62.00%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for ISCIX and BEARX.
Loading charts...
Drawdown Indicators
| ISCIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.00% | -95.75% | +33.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -19.52% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -44.46% | +30.61% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -52.48% | +12.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -80.48% | +40.31% |
Current DrawdownCurrent decline from peak | -0.75% | -95.75% | +95.00% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -61.04% | +45.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 10.45% | -7.43% |
Volatility
ISCIX vs. BEARX - Volatility Comparison
Federated Hermes International Small-Mid Company Fund IS (ISCIX) has a higher volatility of 4.57% compared to Federated Hermes Prudent Bear Fd (BEARX) at 2.86%. This indicates that ISCIX's price experiences larger fluctuations and is considered to be riskier than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISCIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 2.86% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 8.76% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 11.32% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 16.97% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 16.67% | +0.61% |
ISCIX vs. BEARX - Expense Ratio Comparison
ISCIX has a 0.99% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
ISCIX vs. BEARX - Dividend Comparison
ISCIX's dividend yield for the trailing twelve months is around 6.65%, less than BEARX's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.42% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
ISCIX Federated Hermes International Small-Mid Company Fund IS | 6.65% | 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 BEARX have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCIX has higher volatility (4.57%) compared to BEARX (2.86%). In terms of maximum drawdown, ISCIX dropped -62.00% vs BEARX's -95.75%.
ISCIX currently has the higher Sharpe Ratio (1.59 vs -1.75), 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.
Find the right allocation for ISCIX and BEARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer