IVFIX vs. HDIVX

Last updated Aug 1, 2026

IVFIX (Federated Hermes International Strategic Value Dividend Fund) and HDIVX (Janus Henderson Dividend & Income Builder Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IVFIX returned 7.31%/yr vs 10.48%/yr for HDIVX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. IVFIX charges 0.86%/yr vs 0.95%/yr for HDIVX.

Performance

IVFIX vs. HDIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Janus Henderson Dividend & Income Builder Fund (HDIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVFIX achieves a 12.21% return, which is significantly lower than HDIVX's 19.13% return. Over the past 10 years, IVFIX has underperformed HDIVX with an annualized return of 7.31%, while HDIVX has yielded a comparatively higher 10.48% annualized return.

IVFIX

• 1D: 0.00%
• 1M: 3.30%
• 6M: 7.45%
• YTD: 12.21%
• 1Y: 24.58%
• 3Y*: 15.01%
• 5Y*: 10.53%
• 10Y*: 7.31%
• ALL TIME*: 3.99%

HDIVX

• 1D: 2.87%
• 1M: 1.32%
• 6M: 14.01%
• YTD: 19.13%
• 1Y: 30.10%
• 3Y*: 20.80%
• 5Y*: 12.94%
• 10Y*: 10.48%
• ALL TIME*: 9.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HDIVX Janus Henderson Dividend & Income Builder Fund	$0.00	$0.00	$0.00
IVFIX Federated Hermes International Strategic Value Dividend Fund	$0.00	$0.00	$0.00

IVFIX vs. HDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVFIX Federated Hermes International Strategic Value Dividend Fund	12.21%	31.79%	1.91%	11.05%	-2.54%	11.58%	-1.74%	20.15%	-11.96%	14.63%
HDIVX Janus Henderson Dividend & Income Builder Fund	19.13%	29.24%	8.84%	18.06%	-8.70%	11.73%	5.20%	18.85%	-9.07%	17.78%

Correlation

The correlation between IVFIX and HDIVX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Aug 2, 2012	0.79

Over the past year, the correlation between IVFIX and HDIVX has dropped to 0.43 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

IVFIX vs. HDIVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVFIX

IVFIX Risk / Return Rank: 88
IVFIX Sharpe Ratio Rank: 92
IVFIX Sortino Ratio Rank: 90
IVFIX Omega Ratio Rank: 87
IVFIX Calmar Ratio Rank: 95
IVFIX Martin Ratio Rank: 79

HDIVX

HDIVX Risk / Return Rank: 76
HDIVX Sharpe Ratio Rank: 80
HDIVX Sortino Ratio Rank: 75
HDIVX Omega Ratio Rank: 77
HDIVX Calmar Ratio Rank: 76
HDIVX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVFIX vs. HDIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Janus Henderson Dividend & Income Builder Fund (HDIVX). 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.

	IVFIX	HDIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.88	+0.50
Sortino ratio: Return per unit of downside risk	3.36	2.53	+0.83
Omega ratio: Gain probability vs. loss probability	1.44	1.34	+0.10
Calmar ratio: Return relative to maximum drawdown	4.12	2.47	+1.65
Martin ratio: Return relative to average drawdown	9.46	8.94	+0.53

IVFIX vs. HDIVX - Sharpe Ratio Comparison

The current IVFIX Sharpe Ratio is 2.38, which is comparable to the HDIVX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of IVFIX and HDIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVFIX vs. HDIVX - Drawdown Comparison

The maximum IVFIX drawdown since its inception was -51.49%, which is greater than HDIVX's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for IVFIX and HDIVX.

Drawdown Indicators

	IVFIX	HDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-28.56%	-22.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.97%	-11.29%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-10.75%	-13.08%	+2.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.29%	-23.00%	+1.71%
Max Drawdown (10Y) Largest decline over 10 years	-33.46%	-28.56%	-4.90%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-11.55%	-3.76%	-7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.12%	-0.30%

Volatility

IVFIX vs. HDIVX - Volatility Comparison

The current volatility for Federated Hermes International Strategic Value Dividend Fund (IVFIX) is 3.41%, while Janus Henderson Dividend & Income Builder Fund (HDIVX) has a volatility of 4.92%. This indicates that IVFIX experiences smaller price fluctuations and is considered to be less risky than HDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVFIX	HDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.92%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	12.85%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	14.87%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	13.98%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	13.51%	+1.05%

IVFIX vs. HDIVX - Expense Ratio Comparison

IVFIX has a 0.86% expense ratio, which is lower than HDIVX's 0.95% expense ratio.

Dividends

IVFIX vs. HDIVX - Dividend Comparison

IVFIX's dividend yield for the trailing twelve months is around 3.52%, less than HDIVX's 6.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDIVX Janus Henderson Dividend & Income Builder Fund	6.65%	7.60%	6.54%	3.11%	4.14%	4.59%	3.26%	3.20%	4.19%	2.76%	3.12%	3.02%
IVFIX Federated Hermes International Strategic Value Dividend Fund	3.52%	3.37%	4.44%	4.01%	3.99%	3.67%	3.62%	3.98%	4.97%	4.17%	3.38%	3.95%

Frequently Asked Questions

Can I hold both IVFIX and HDIVX in my portfolio?

IVFIX and HDIVX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVFIX or HDIVX?

HDIVX has higher volatility (4.92%) compared to IVFIX (3.41%). In terms of maximum drawdown, IVFIX dropped -51.49% vs HDIVX's -28.56%.

Which has better risk-adjusted returns?

IVFIX currently has the higher Sharpe Ratio (2.38 vs 1.88), 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.