Federated Hermes Prudent Bear Fd (BEARX)

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Federated Hermes Prudent Bear Fd (BEARX) is down 7.9% since the beginning of the year. BEARX is currently trading at $3 per share. Investors who bought $1,000 worth of BEARX shares 5 years ago would now be looking at an investment worth $517.

Federated Hermes Prudent Bear Fd (BEARX) has returned -7.92% so far this year and -18.11% over the past 12 months. Over the last ten years, BEARX has returned -14.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 28, 1995, BEARX's average daily return is +0.08%, while the average monthly return is +1.68%. At this rate, an investment would double in approximately 3.5 years.

Historically, 38% of months were positive and 62% were negative. The best month was Jan 1996 with a return of +870.0%, while the worst month was Dec 2008 at -17.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.

On a daily basis, BEARX closed higher 41% of trading days. The best single day was Jan 2, 1996 with a return of +900.0%, while the worst single day was Dec 4, 2008 at -13.2%.

Federated Hermes Prudent Bear Fd has an annualized alpha of 34.62%, beta of -0.83, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 28, 1995.

• This fund tended to rise when S&P 500 Index fell (downside capture of -155.31%), but participation in market rallies was also limited (-54.10%) - a profile typical of counter-cyclical assets.
• Beta of -0.83 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BEARX has a high expense ratio of 1.78%, indicating above-average management fees.

BEARX ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Federated Hermes Prudent Bear Fd provided a 7.29% dividend yield over the last twelve months, with an annual payout of $0.25 per share.

The table displays the monthly dividend distributions for Federated Hermes Prudent Bear Fd. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Prudent Bear Fd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Prudent Bear Fd was 95.75%, occurring on Jun 2, 2026. The portfolio has not yet recovered.

The current Federated Hermes Prudent Bear Fd drawdown is 95.67%.

The chart below shows the rolling one-month volatility.