RAIIX vs. CSGIX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Calamos International Small Cap Growth Fund (CSGIX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. CSGIX is managed by Calamos. It was launched on Mar 30, 2022.
Performance
RAIIX vs. CSGIX - Performance Comparison
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RAIIX vs. CSGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -18.13% |
CSGIX Calamos International Small Cap Growth Fund | 2.83% | 15.11% | 10.21% | 13.62% | -20.14% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly lower than CSGIX's 2.83% return.
RAIIX
- 1D
- -0.75%
- 1M
- -12.00%
- YTD
- -2.12%
- 6M
- -2.81%
- 1Y
- 22.60%
- 3Y*
- 8.01%
- 5Y*
- 1.06%
- 10Y*
- 7.61%
CSGIX
- 1D
- -1.69%
- 1M
- -13.68%
- YTD
- 2.83%
- 6M
- -5.44%
- 1Y
- 23.73%
- 3Y*
- 12.84%
- 5Y*
- —
- 10Y*
- —
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RAIIX vs. CSGIX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than CSGIX's 2.67% expense ratio.
Return for Risk
RAIIX vs. CSGIX — Risk / Return Rank
RAIIX
CSGIX
RAIIX vs. CSGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Calamos International Small Cap Growth Fund (CSGIX). 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.
| RAIIX | CSGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.24 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.65 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.54 | +0.12 |
Martin ratioReturn relative to average drawdown | 6.76 | 4.20 | +2.56 |
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
| RAIIX | CSGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.24 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.25 | +0.31 |
Correlation
The correlation between RAIIX and CSGIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RAIIX vs. CSGIX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, more than CSGIX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.89% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
CSGIX Calamos International Small Cap Growth Fund | 1.19% | 1.22% | 0.00% | 0.00% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAIIX vs. CSGIX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, which is greater than CSGIX's maximum drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for RAIIX and CSGIX.
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Drawdown Indicators
| RAIIX | CSGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -26.50% | -13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -13.68% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | — | — |
Current DrawdownCurrent decline from peak | -12.00% | -13.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -10.62% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.01% | -2.06% |
Volatility
RAIIX vs. CSGIX - Volatility Comparison
The current volatility for Manning & Napier Rainier International Discovery Series (RAIIX) is 6.04%, while Calamos International Small Cap Growth Fund (CSGIX) has a volatility of 8.69%. This indicates that RAIIX experiences smaller price fluctuations and is considered to be less risky than CSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | CSGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 8.69% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 13.97% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 18.46% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 17.05% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 17.05% | -0.20% |