SISEX vs. IVFIX

Last updated Jun 4, 2026

SISEX (Shelton International Select Equity Fund) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, SISEX returned 7.04%/yr vs 9.14%/yr for IVFIX. A 0.62 correlation means they provide meaningful diversification when combined. SISEX charges 0.99%/yr vs 0.86%/yr for IVFIX.

Performance

SISEX vs. IVFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton International Select Equity Fund (SISEX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SISEX achieves a 14.15% return, which is significantly higher than IVFIX's 6.24% return.

SISEX

• 1D: -0.38%
• 1M: 5.08%
• YTD: 14.15%
• 6M: 15.90%
• 1Y: 29.81%
• 3Y*: 17.65%
• 5Y*: 7.04%
• 10Y*: —

IVFIX

• 1D: 0.42%
• 1M: -0.70%
• YTD: 6.24%
• 6M: 8.36%
• 1Y: 16.08%
• 3Y*: 14.05%
• 5Y*: 9.14%
• 10Y*: 6.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SISEX vs. IVFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SISEX Shelton International Select Equity Fund	14.15%	30.66%	3.67%	13.97%	-19.29%	6.23%	18.07%	22.53%	-13.16%	34.49%
IVFIX Federated Hermes International Strategic Value Dividend Fund	6.24%	31.79%	1.91%	11.05%	-2.54%	11.58%	-1.74%	20.15%	-11.96%	14.30%

Correlation

The correlation between SISEX and IVFIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.62

The correlation between SISEX and IVFIX shifts across timeframes, from 0.43 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SISEX vs. IVFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SISEX

SISEX Risk / Return Rank: 47
SISEX Sharpe Ratio Rank: 50
SISEX Sortino Ratio Rank: 49
SISEX Omega Ratio Rank: 49
SISEX Calmar Ratio Rank: 43
SISEX Martin Ratio Rank: 44

IVFIX

IVFIX Risk / Return Rank: 34
IVFIX Sharpe Ratio Rank: 30
IVFIX Sortino Ratio Rank: 29
IVFIX Omega Ratio Rank: 31
IVFIX Calmar Ratio Rank: 50
IVFIX Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SISEX vs. IVFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton International Select Equity Fund (SISEX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.

	SISEX	IVFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.57	+0.52
Sortino ratio: Return per unit of downside risk	2.95	2.25	+0.70
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	2.49	2.71	-0.22
Martin ratio: Return relative to average drawdown	9.29	7.31	+1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SISEX vs. IVFIX - Sharpe Ratio Comparison

The current SISEX Sharpe Ratio is 2.09, which is higher than the IVFIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of SISEX and IVFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SISEX	IVFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.57	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.73	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.21	+0.47

Drawdowns

SISEX vs. IVFIX - Drawdown Comparison

The maximum SISEX drawdown since its inception was -32.68%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for SISEX and IVFIX.

Drawdown Indicators

	SISEX	IVFIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.68%	-51.49%	+18.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-6.97%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-10.75%	-3.55%
Max Drawdown (5Y) Largest decline over 5 years	-32.68%	-21.29%	-11.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-1.24%	-5.67%	+4.43%
Average Drawdown Average peak-to-trough decline	-7.50%	-11.62%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.59%	+0.60%

Volatility

SISEX vs. IVFIX - Volatility Comparison

The current volatility for Shelton International Select Equity Fund (SISEX) is 4.57%, while Federated Hermes International Strategic Value Dividend Fund (IVFIX) has a volatility of 4.83%. This indicates that SISEX experiences smaller price fluctuations and is considered to be less risky than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SISEX	IVFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	4.83%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	11.78%	9.35%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	12.10%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	13.13%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	14.78%	+0.66%

SISEX vs. IVFIX - Expense Ratio Comparison

SISEX has a 0.99% expense ratio, which is higher than IVFIX's 0.86% expense ratio.

Dividends

SISEX vs. IVFIX - Dividend Comparison

SISEX's dividend yield for the trailing twelve months is around 1.55%, less than IVFIX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVFIX Federated Hermes International Strategic Value Dividend Fund	3.58%	3.37%	4.44%	4.01%	3.99%	3.67%	3.62%	3.98%	4.97%	4.17%	3.38%	3.95%
SISEX Shelton International Select Equity Fund	1.55%	1.77%	3.73%	1.83%	5.50%	0.65%	0.80%	2.09%	1.13%	1.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SISEX and IVFIX in my portfolio?

SISEX and IVFIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SISEX or IVFIX?

IVFIX has higher volatility (4.83%) compared to SISEX (4.57%). In terms of maximum drawdown, SISEX dropped -32.68% vs IVFIX's -51.49%.

Which has better risk-adjusted returns?

SISEX currently has the higher Sharpe Ratio (2.09 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.