Federated Hermes Floating Rate Strat Inc Fund (FFRSX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FFRSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFRSX
FFRSX charges 0.68% annually. There are 10 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | FFRSX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | FFRSX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | FFRSX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | FFRSX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | FFRSX vs LFRIX |
Best Risk-Adjusted Alternatives to FFRSX
FFRSX has a PortfoliosLab risk / return rank of 88. There are 12 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | FFRSX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 99 | — | Sep 2016 | FFRSX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | FFRSX vs CAPIX | |
| Payden Floating Rate Fund | 99 | — | Nov 2013 | FFRSX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | FFRSX vs SAMBX |
Top Performing FFRSX Alternatives (YTD)
FFRSX is at 1.23% YTD. There are 36 mutual funds in the Bank Loan category with higher YTD returns, going as high as 4.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 4.05% | — | Jan 2017 | FFRSX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.38% | — | Jun 2019 | FFRSX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.26% | — | Jun 2023 | FFRSX vs CAPIX | |
| BlackRock Floating Rate Income Trust | 3.11% | — | Aug 2004 | FFRSX vs BGT | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | FFRSX vs RSFYX |
Lowest Volatility Alternatives to FFRSX
FFRSX has 2.00% 1-year volatility. There are 8 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | FFRSX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 0.90% | — | Sep 2016 | FFRSX vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | FFRSX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.36% | — | Sep 2013 | FFRSX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | FFRSX vs FLOTX |
Lowest Drawdown Alternatives to FFRSX
FFRSX has a 1-year max drawdown of -1.07%. There are 10 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | FFRSX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | -0.45% | — | Sep 2016 | FFRSX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | FFRSX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | FFRSX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | FFRSX vs PSFIX |
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 | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 95 | 15.38% | — | Mar 2005 | FFRSX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 17 | 4.82% | — | Sep 2005 | FFRSX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 41 | 4.51% | — | Sep 2008 | FFRSX vs QAMNX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 52 | 10.09% | — | Oct 2002 | FFRSX vs QIACX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 15 | 9.61% | — | Feb 1986 | FFRSX vs KAUFX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 62 | 1.30% | — | Dec 2008 | FFRSX vs FHYSX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 0.92% | — | Aug 1984 | FFRSX vs FGSAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 48 | 1.63% | — | Aug 1984 | FFRSX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 51 | 1.08% | — | Nov 2002 | FFRSX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -8.18% | — | Dec 1995 | FFRSX vs BEARX |
Often Compared With FFRSX
Investors most often compare FFRSX with TFLR, JFIIX, XPRTX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare FFRSX with Any Fund or Stock
Compare FFRSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFRSX with funds that move differently
Federated Hermes Floating Rate Strat Inc Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFRSX.
Explore FFRSX Diversifiers