Correlation
The correlation between RAIIX and HSCZ is 0.71, 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.
RAIIX vs. HSCZ
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. HSCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small-Cap 100% Hedged to USD Index. It was launched on Jun 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RAIIX or HSCZ.
Performance
RAIIX vs. HSCZ - Performance Comparison
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Key characteristics
RAIIX:
0.80
HSCZ:
0.67
RAIIX:
1.11
HSCZ:
1.00
RAIIX:
1.15
HSCZ:
1.14
RAIIX:
0.36
HSCZ:
0.82
RAIIX:
2.60
HSCZ:
3.53
RAIIX:
4.58%
HSCZ:
2.96%
RAIIX:
16.25%
HSCZ:
15.87%
RAIIX:
-39.87%
HSCZ:
-34.89%
RAIIX:
-16.87%
HSCZ:
-0.24%
Returns By Period
In the year-to-date period, RAIIX achieves a 15.91% return, which is significantly higher than HSCZ's 7.63% return.
RAIIX
15.91%
6.79%
12.25%
11.78%
3.85%
6.79%
6.61%
HSCZ
7.63%
5.33%
8.31%
9.63%
11.29%
12.34%
N/A
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RAIIX vs. HSCZ - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is higher than HSCZ's 0.43% expense ratio.
Risk-Adjusted Performance
RAIIX vs. HSCZ — Risk-Adjusted Performance Rank
RAIIX
HSCZ
RAIIX vs. HSCZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ). 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.
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Dividends
RAIIX vs. HSCZ - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 0.12%, less than HSCZ's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 0.12% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% | 5.27% |
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF | 3.03% | 3.26% | 2.98% | 26.91% | 2.90% | 1.46% | 4.51% | 6.15% | 2.52% | 2.57% | 1.75% | 0.00% |
Drawdowns
RAIIX vs. HSCZ - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for RAIIX and HSCZ.
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Volatility
RAIIX vs. HSCZ - Volatility Comparison
The current volatility for Manning & Napier Rainier International Discovery Series (RAIIX) is 2.20%, while iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) has a volatility of 3.40%. This indicates that RAIIX experiences smaller price fluctuations and is considered to be less risky than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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