Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FFRSX Performance Chart
Federated Hermes Floating Rate Strat Inc Fund (FFRSX) is up 1.0% since the beginning of the year. FFRSX is currently trading at $8 per share. Investors who bought $1,000 worth of FFRSX shares 5 years ago would now be looking at an investment worth $1,178.
Loading charts...
Returns By Period
Federated Hermes Floating Rate Strat Inc Fund (FFRSX) has returned 1.02% so far this year and 4.70% over the past 12 months.
Federated Hermes Floating Rate Strat Inc Fund
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.02%
- 6M
- 1.61%
- 1Y
- 4.70%
- 3Y*
- 6.46%
- 5Y*
- 3.33%
- 10Y*
- 3.37%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFRSX Monthly Returns History
Based on dividend-adjusted daily data since Dec 6, 2010, FFRSX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2020 with a return of +3.0%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FFRSX closed higher 23% of trading days. The best single day was Mar 26, 2020 with a return of +2.4%, while the worst single day was Mar 18, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.02% | -0.58% | 0.26% | 0.91% | 0.45% | 0.00% | 1.02% | ||||||
| 2025 | 0.70% | 0.19% | -0.05% | 0.04% | 0.99% | 0.74% | 0.41% | 0.53% | 0.51% | 0.40% | 0.42% | 0.58% | 5.61% |
| 2024 | 0.31% | 0.82% | 0.83% | 0.49% | 0.77% | -0.23% | 0.52% | 0.51% | 0.48% | 0.59% | 0.94% | 0.47% | 6.71% |
| 2023 | 2.05% | 0.71% | -0.24% | -0.23% | -0.34% | 1.41% | 0.85% | 1.09% | 0.82% | -0.46% | 0.93% | 1.20% | 8.04% |
| 2022 | -0.07% | -0.63% | -0.19% | -0.64% | -2.46% | -2.67% | 0.91% | 0.84% | -2.59% | 0.57% | 0.72% | 0.30% | -5.85% |
| 2021 | 0.42% | 0.21% | 0.35% | 0.47% | 0.38% | 0.58% | -0.15% | 0.40% | 0.29% | 0.01% | -0.08% | 0.79% | 3.73% |
Benchmark Metrics
Federated Hermes Floating Rate Strat Inc Fund has an annualized alpha of 4.55%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 07, 2010.
- This fund captured 12.54% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.71%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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.
- Alpha
- 4.55%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 12.54%
- Downside Capture
- -4.71%
Expense Ratio
FFRSX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FFRSX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and compare them to S&P 500 Index.
| FFRSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | — | — |
| Martin ratioReturn relative to average drawdown | 15.38 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Federated Hermes Floating Rate Strat Inc Fund provided a 5.80% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.55 | $0.60 | $0.60 | $0.36 | $0.28 | $0.32 | $0.45 | $0.42 | $0.37 | $0.38 | $0.36 |
Dividend yield | 5.80% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Floating Rate Strat Inc Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.17 | ||||||
| 2025 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.55 |
| 2024 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.00 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.60 |
| 2023 | $0.06 | $0.05 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.60 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.05 | $0.05 | $0.06 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.28 |
Drawdowns
Drawdowns Chart
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Floating Rate Strat Inc Fund. 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 Floating Rate Strat Inc Fund was 17.13%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.13%Mar 2020 | 1mo 29d | 9mo 13d | 11mo 12dJan 2020 - Dec 2020 |
Bear market2022 | -7.54%Oct 2022 | 9mo 9d | 1y 1mo | 1y 10moJan 2022 - Nov 2023 |
2011 pullback2011 | -4.39%Aug 2011 | 25d | 4mo 6d | 5mo 1dAug 2011 - Dec 2011 |
Rate-hike selloffLate 2018 | -3.21%Dec 2018 | 2mo 24d | 1mo 27d | 4mo 21dOct 2018 - Feb 2019 |
2016 pullback2016 | -3.11%Feb 2016 | 6mo 25d | 1mo 24d | 8mo 19dAug 2015 - Apr 2016 |
Drawdown Indicators
| FFRSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -9.10% | -8.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -1.13% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FFRSX
Add Federated Hermes Floating Rate Strat Inc Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FFRSX