ISCIX vs. VFSNX
ISCIX (Federated Hermes International Small-Mid Company Fund IS) and VFSNX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, ISCIX returned 10.32%/yr vs 8.21%/yr for VFSNX. Their correlation of 0.92 suggests significant overlap in exposure. ISCIX charges 0.99%/yr vs 0.11%/yr for VFSNX.
Performance
ISCIX vs. VFSNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ISCIX having a 12.10% return and VFSNX slightly lower at 11.76%. Over the past 10 years, ISCIX has outperformed VFSNX with an annualized return of 10.32%, while VFSNX has yielded a comparatively lower 8.21% 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%
VFSNX
- 1D
- 0.05%
- 1M
- 1.81%
- YTD
- 11.76%
- 6M
- 14.55%
- 1Y
- 28.61%
- 3Y*
- 17.18%
- 5Y*
- 6.19%
- 10Y*
- 8.21%
ISCIX vs. VFSNX - 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% |
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 11.76% | 29.97% | 2.63% | 15.18% | -21.26% | 12.74% | 11.92% | 21.72% | -18.46% | 30.30% |
Correlation
The correlation between ISCIX and VFSNX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2009 | 0.92 |
The correlation between ISCIX and VFSNX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
ISCIX vs. VFSNX — Risk / Return Rank
ISCIX
VFSNX
ISCIX vs. VFSNX - 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 Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX). 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 | VFSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.46 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.51 | 9.47 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISCIX | VFSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.11 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.41 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.52 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.59 | -0.28 |
Drawdowns
ISCIX vs. VFSNX - Drawdown Comparison
The maximum ISCIX drawdown since its inception was -62.00%, which is greater than VFSNX's maximum drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for ISCIX and VFSNX.
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Drawdown Indicators
| ISCIX | VFSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.00% | -43.65% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -11.47% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -14.70% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -33.75% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -43.65% | +3.48% |
Current DrawdownCurrent decline from peak | -0.75% | -1.09% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -9.49% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.98% | +0.04% |
Volatility
ISCIX vs. VFSNX - Volatility Comparison
Federated Hermes International Small-Mid Company Fund IS (ISCIX) has a higher volatility of 4.57% compared to Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) at 4.30%. This indicates that ISCIX's price experiences larger fluctuations and is considered to be riskier than VFSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISCIX | VFSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.30% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 11.19% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 13.40% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 15.03% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 15.76% | +1.52% |
ISCIX vs. VFSNX - Expense Ratio Comparison
ISCIX has a 0.99% expense ratio, which is higher than VFSNX's 0.11% expense ratio.
Dividends
ISCIX vs. VFSNX - Dividend Comparison
ISCIX's dividend yield for the trailing twelve months is around 6.65%, more than VFSNX's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 3.01% | 3.36% | 3.41% | 3.11% | 2.26% | 2.70% | 1.90% | 3.25% | 2.81% | 2.85% | 2.93% | 2.69% |
Frequently Asked Questions
ISCIX and VFSNX have a correlation of 0.86, 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 VFSNX (4.30%). In terms of maximum drawdown, ISCIX dropped -62.00% vs VFSNX's -43.65%.
VFSNX currently has the higher Sharpe Ratio (2.11 vs 1.59), 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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