RAIIX vs. HLMSX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Harding Loevner International Small Companies Portfolio (HLMSX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. HLMSX is managed by Harding Loevner. It was launched on Mar 25, 2007.
Performance
RAIIX vs. HLMSX - Performance Comparison
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RAIIX vs. HLMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
HLMSX Harding Loevner International Small Companies Portfolio | -5.34% | 14.87% | -6.92% | 11.78% | -24.50% | 12.82% | 18.51% | 29.45% | -17.65% | 34.42% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly higher than HLMSX's -5.34% return. Over the past 10 years, RAIIX has outperformed HLMSX with an annualized return of 7.61%, while HLMSX has yielded a comparatively lower 5.17% annualized 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%
HLMSX
- 1D
- 0.06%
- 1M
- -9.34%
- YTD
- -5.34%
- 6M
- -7.18%
- 1Y
- 6.59%
- 3Y*
- 2.84%
- 5Y*
- -0.58%
- 10Y*
- 5.17%
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RAIIX vs. HLMSX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than HLMSX's 1.37% expense ratio.
Return for Risk
RAIIX vs. HLMSX — Risk / Return Rank
RAIIX
HLMSX
RAIIX vs. HLMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Harding Loevner International Small Companies Portfolio (HLMSX). 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 | HLMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.40 | +1.00 |
Sortino ratioReturn per unit of downside risk | 1.93 | 0.61 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.40 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.76 | 1.03 | +5.74 |
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 | HLMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.40 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.04 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.35 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.32 | +0.24 |
Correlation
The correlation between RAIIX and HLMSX is 0.86, 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. HLMSX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than HLMSX's 4.27% 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% |
HLMSX Harding Loevner International Small Companies Portfolio | 4.27% | 4.04% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.56% | 1.13% | 4.37% | 1.54% |
Drawdowns
RAIIX vs. HLMSX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum HLMSX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for RAIIX and HLMSX.
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Drawdown Indicators
| RAIIX | HLMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -60.77% | +20.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.59% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -38.22% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -38.22% | -1.65% |
Current DrawdownCurrent decline from peak | -12.00% | -19.20% | +7.20% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -13.24% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 4.18% | -1.23% |
Volatility
RAIIX vs. HLMSX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) has a higher volatility of 6.04% compared to Harding Loevner International Small Companies Portfolio (HLMSX) at 5.07%. This indicates that RAIIX's price experiences larger fluctuations and is considered to be riskier than HLMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | HLMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.07% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 8.35% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 13.26% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 14.90% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 14.86% | +1.99% |