FEUGX Alternatives & Similar Mutual Funds

Federated Hermes Adjustable Rate Fund (FEUGX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FEUGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FEUGX

FEUGX charges 0.55% annually. There are 55 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	FEUGX vs GUSTX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FEUGX vs FUTBX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	0.03%	—	Oct 2015	FEUGX vs FBLTX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FEUGX vs FNBGX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	Dec 2005	FEUGX vs FUAMX

Best Risk-Adjusted Alternatives to FEUGX

FEUGX has a PortfoliosLab risk / return rank of 99. No mutual funds in the Government Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	FEUGX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FEUGX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	94	—	Aug 2010	FEUGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	93	33.80B	Dec 2009	FEUGX vs VSBSX
MDSIX	Integrity Short Term Government Fund	89	—	Jun 2011	FEUGX vs MDSIX

Top Performing FEUGX Alternatives (YTD)

FEUGX is at 1.94% YTD. No mutual funds in the Government Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 1.79%.

Symbol	Name	YTD Return	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	1.79%	1.81B	May 1987	FEUGX vs DFFGX
MDSIX	Integrity Short Term Government Fund	1.60%	—	Jun 2011	FEUGX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	FEUGX vs GUSTX
RFBAX	Davis Government Bond Fund	1.14%	—	Nov 1994	FEUGX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	0.83%	—	Aug 2010	FEUGX vs VSBIX

Lowest Volatility Alternatives to FEUGX

FEUGX has 1.37% 1-year volatility. There are 4 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.81%	1.81B	May 1987	FEUGX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.27%	—	Mar 2009	FEUGX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.30%	—	Aug 2010	FEUGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.30%	33.80B	Dec 2009	FEUGX vs VSBSX
TWUSX	American Century Short-Term Government Fund	1.76%	185.08M	Dec 1982	FEUGX vs TWUSX

Lowest Drawdown Alternatives to FEUGX

FEUGX has a 1-year max drawdown of -0.32%. There are 2 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	FEUGX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	FEUGX vs DFFGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FEUGX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FEUGX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	-0.84%	33.80B	Dec 2009	FEUGX vs VSBSX

Other Mutual Funds from Federated

The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	94	15.85%	—	Mar 2005	FEUGX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	16	2.55%	—	Sep 2005	FEUGX vs QILGX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	54	4.61%	—	Sep 2008	FEUGX vs QAMNX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	53	8.33%	—	Oct 2002	FEUGX vs QIACX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	14	8.01%	—	Feb 1986	FEUGX vs KAUFX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	74	0.96%	—	Dec 2008	FEUGX vs FHYSX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	-0.82%	—	Aug 1984	FEUGX vs FGSAX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	59	1.32%	—	Aug 1984	FEUGX vs FHYTX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	64	0.85%	—	Nov 2002	FEUGX vs FIHBX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-6.07%	—	Dec 1995	FEUGX vs BEARX

Often Compared With FEUGX

Investors most often compare FEUGX with OGVCX, FVIIX, CFSTX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
OGVCX	JPMorgan Government Bond Fund Class C	Government Bonds	10	-1.40%	—	—	FEUGX vs OGVCX
FVIIX	Fidelity Advisor Government Income Fund Class I	Government Bonds	19	-0.60%	—	Oct 2006	FEUGX vs FVIIX
CFSTX	Commerce Short Term Government Fund	Government Bonds	21	-0.75%	—	Dec 1994	FEUGX vs CFSTX
HLGAX	JPMorgan Government Bond Fund	Government Bonds	14	-0.99%	—	Feb 1993	FEUGX vs HLGAX
CMPGX	Principal Government & High Quality Bond Fund	Government Bonds	21	-0.71%	—	May 1984	FEUGX vs CMPGX
GGIFX	Victory INCORE Fund for Income	Government Bonds	71	0.46%	—	Sep 1987	FEUGX vs GGIFX
SGINX	DWS GNMA Fund	Government Bonds	19	-0.91%	—	Jul 2000	FEUGX vs SGINX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	3	-5.53%	—	Aug 2006	FEUGX vs PEDIX
VUSTX	Vanguard Long-Term Treasury Fund Investor Shares	Government Bonds	5	-3.13%	2.80B	May 1986	FEUGX vs VUSTX
LTUSX	Thornburg Limited Term U.S. Government Fund	Government Bonds	34	0.35%	—	Nov 1987	FEUGX vs LTUSX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	42	0.01%	—	Nov 1985	FEUGX vs PRGMX
FKUSX	Franklin U.S. Government Securities Fund	Government Bonds	22	-0.23%	—	May 1970	FEUGX vs FKUSX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	59	0.48%	6.80B	Feb 2015	FEUGX vs VGIVX
AMUSX	American Funds U.S. Government Securities Fund	Government Bonds	14	-1.44%	—	Oct 1985	FEUGX vs AMUSX
PYUSX	Payden U.S. Government Fund	Government Bonds	49	0.06%	—	Jan 1995	FEUGX vs PYUSX
VFFIX	Victory INCORE Fund for Income Class I	Government Bonds	81	0.60%	—	—	FEUGX vs VFFIX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	33	8.26%	—	Feb 1996	FEUGX vs ISCAX
TCSGX	SEI Daily Income Trust Short-Duration Government F...	Government Bonds	78	0.56%	—	Feb 1987	FEUGX vs TCSGX
WHOSX	Wasatch-Hoisington U.S. Treasury Fund	Government Bonds	7	-0.68%	—	Dec 1986	FEUGX vs WHOSX
DPIGX	Dupree Intermediate Government Bond Series	Government Bonds	36	-0.22%	—	Jul 1992	FEUGX vs DPIGX

Compare FEUGX with Any Fund or Stock

Compare FEUGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FEUGX with funds that move differently

Federated Hermes Adjustable Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEUGX.

Explore FEUGX Diversifiers

Federated Hermes Adjustable Rate Fund (FEUGX) Alternatives