Federated Hermes Government Ultrashort Fund (FGUSX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FGUSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGUSX
FGUSX charges 0.26% annually. There are 17 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | FGUSX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FGUSX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FGUSX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FGUSX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FGUSX vs DFYGX |
Best Risk-Adjusted Alternatives to FGUSX
FGUSX has a PortfoliosLab risk / return rank of 99. There are 27 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FGUSX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FGUSX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FGUSX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | FGUSX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FGUSX vs PAIPX |
Top Performing FGUSX Alternatives (YTD)
FGUSX is at 1.73% YTD. There are 25 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.51% | — | Dec 2010 | FGUSX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | FGUSX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.13% | — | May 2012 | FGUSX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | FGUSX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | FGUSX vs ENIAX |
Lowest Volatility Alternatives to FGUSX
FGUSX has 1.45% 1-year volatility. There are 47 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | FGUSX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | FGUSX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.63% | — | Jul 1983 | FGUSX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FGUSX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | FGUSX vs PRTBX |
Lowest Drawdown Alternatives to FGUSX
FGUSX has a 1-year max drawdown of -0.30%. There are 20 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | FGUSX vs TMPFX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FGUSX vs FHQFX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | FGUSX vs DFIHX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FGUSX vs MUIIX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | FGUSX vs FCNVX |
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 | 86 | 13.08% | — | Mar 2005 | FGUSX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 18 | 4.78% | — | Sep 2005 | FGUSX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 17 | 1.88% | — | Sep 2008 | FGUSX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 13 | 9.43% | — | Feb 1986 | FGUSX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 43 | 7.69% | — | Oct 2002 | FGUSX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | -0.15% | — | Aug 1984 | FGUSX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 73 | 1.56% | — | Dec 2008 | FGUSX vs FHYSX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 47 | 1.63% | — | Aug 1984 | FGUSX vs FHYTX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -7.39% | — | Dec 1995 | FGUSX vs BEARX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 63 | 1.31% | — | Nov 2002 | FGUSX vs FIHBX |
Often Compared With FGUSX
Investors most often compare FGUSX with MYFRX, UGSDX, ISCAX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer Multi-Asset Ultrashort Income Fund | Ultrashort Bond | 99 | 1.97% | — | Apr 2011 | FGUSX vs MYFRX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | Ultrashort Bond | 99 | 1.62% | — | Dec 2013 | FGUSX vs UGSDX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 20 | 7.20% | — | Feb 1996 | FGUSX vs ISCAX | |
| Northern Ultra-Short Fixed Income Fund | Ultrashort Bond | 99 | 1.52% | — | Jun 2009 | FGUSX vs NUSFX | |
| Eaton Vance Short Duration Government Income Fund | Ultrashort Bond | 68 | 0.94% | — | Sep 2002 | FGUSX vs EALDX | |
| CrossingBridge Ultra-Short Duration Fund | Ultrashort Bond | 99 | 1.86% | — | Jun 2021 | FGUSX vs CBUDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 99 | 1.79% | — | Mar 1994 | FGUSX vs TSDOX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | Ultrashort Bond | 98 | 2.01% | — | Mar 2016 | FGUSX vs TSDUX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | Ultrashort Bond | 99 | 1.64% | — | Jul 2017 | FGUSX vs TRSTX |
Compare FGUSX with Any Fund or Stock
Compare FGUSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGUSX with funds that move differently
Federated Hermes Government Ultrashort Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGUSX.
Explore FGUSX Diversifiers