RAIIX vs. IEGAX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Invesco EQV International Small Company Fund (IEGAX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. IEGAX is managed by Invesco. It was launched on Aug 30, 2000.
Performance
RAIIX vs. IEGAX - Performance Comparison
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RAIIX vs. IEGAX - 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% |
IEGAX Invesco EQV International Small Company Fund | -4.25% | 25.92% | -2.63% | 14.10% | -11.28% | 18.40% | 10.18% | 18.54% | -18.70% | 33.43% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly higher than IEGAX's -4.25% return. Both investments have delivered pretty close results over the past 10 years, with RAIIX having a 7.61% annualized return and IEGAX not far behind at 7.54%.
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%
IEGAX
- 1D
- -0.83%
- 1M
- -12.41%
- YTD
- -4.25%
- 6M
- -1.74%
- 1Y
- 16.44%
- 3Y*
- 8.82%
- 5Y*
- 5.44%
- 10Y*
- 7.54%
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RAIIX vs. IEGAX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than IEGAX's 1.49% expense ratio.
Return for Risk
RAIIX vs. IEGAX — Risk / Return Rank
RAIIX
IEGAX
RAIIX vs. IEGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Invesco EQV International Small Company Fund (IEGAX). 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 | IEGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.99 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.37 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.14 | +0.52 |
Martin ratioReturn relative to average drawdown | 6.76 | 4.49 | +2.27 |
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 | IEGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.99 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.42 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.54 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.52 | +0.04 |
Correlation
The correlation between RAIIX and IEGAX is 0.77, 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. IEGAX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than IEGAX's 14.57% 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% |
IEGAX Invesco EQV International Small Company Fund | 14.57% | 13.95% | 3.17% | 2.26% | 2.98% | 4.22% | 1.11% | 4.55% | 3.87% | 6.32% | 6.29% | 8.20% |
Drawdowns
RAIIX vs. IEGAX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum IEGAX drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for RAIIX and IEGAX.
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Drawdown Indicators
| RAIIX | IEGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -65.36% | +25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -12.41% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -23.64% | -16.23% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -43.09% | +3.22% |
Current DrawdownCurrent decline from peak | -12.00% | -12.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -13.31% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.14% | -0.19% |
Volatility
RAIIX vs. IEGAX - Volatility Comparison
The current volatility for Manning & Napier Rainier International Discovery Series (RAIIX) is 6.04%, while Invesco EQV International Small Company Fund (IEGAX) has a volatility of 6.52%. This indicates that RAIIX experiences smaller price fluctuations and is considered to be less risky than IEGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | IEGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 6.52% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 10.39% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 15.19% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 12.92% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 13.95% | +2.90% |