RAIIX vs. HRIOX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Hood River International Opportunity Fund (HRIOX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. HRIOX is managed by Hood River Capital Management. It was launched on Sep 27, 2021.
Performance
RAIIX vs. HRIOX - Performance Comparison
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RAIIX vs. HRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 5.01% |
HRIOX Hood River International Opportunity Fund | 6.18% | 43.32% | 20.19% | 30.74% | -25.86% | 2.01% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly lower than HRIOX's 6.18% 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%
HRIOX
- 1D
- -2.32%
- 1M
- -13.38%
- YTD
- 6.18%
- 6M
- 13.19%
- 1Y
- 71.03%
- 3Y*
- 30.42%
- 5Y*
- —
- 10Y*
- —
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RAIIX vs. HRIOX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than HRIOX's 1.50% expense ratio.
Return for Risk
RAIIX vs. HRIOX — Risk / Return Rank
RAIIX
HRIOX
RAIIX vs. HRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Hood River International Opportunity Fund (HRIOX). 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 | HRIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 2.89 | -1.48 |
Sortino ratioReturn per unit of downside risk | 1.93 | 3.52 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.81 | -3.15 |
Martin ratioReturn relative to average drawdown | 6.76 | 19.64 | -12.88 |
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 | HRIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.89 | -1.48 |
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 | 0.68 | -0.12 |
Correlation
The correlation between RAIIX and HRIOX is 0.81, 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. HRIOX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than HRIOX's 5.54% 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% |
HRIOX Hood River International Opportunity Fund | 5.54% | 5.88% | 0.16% | 1.44% | 0.00% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAIIX vs. HRIOX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, roughly equal to the maximum HRIOX drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for RAIIX and HRIOX.
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Drawdown Indicators
| RAIIX | HRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -38.76% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -13.78% | +1.78% |
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% | -13.78% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -12.72% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.37% | -0.42% |
Volatility
RAIIX vs. HRIOX - Volatility Comparison
The current volatility for Manning & Napier Rainier International Discovery Series (RAIIX) is 6.04%, while Hood River International Opportunity Fund (HRIOX) has a volatility of 9.83%. This indicates that RAIIX experiences smaller price fluctuations and is considered to be less risky than HRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | HRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 9.83% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 17.85% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 24.37% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 20.76% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 20.76% | -3.91% |