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 | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FGUSX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FGUSX vs BUBIX | |
| 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 28 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FGUSX vs NUSIX | |
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FGUSX vs TMPFX | |
| 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 1.62% YTD. There are 38 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 2.62% | — | Dec 2010 | FGUSX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | FGUSX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.27% | — | Dec 2006 | FGUSX vs ENIAX | |
| Tactical Multi-Purpose Fund | 2.23% | — | Mar 2017 | FGUSX vs TMPFX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | FGUSX vs PAIPX |
Lowest Volatility Alternatives to FGUSX
FGUSX has 1.44% 1-year volatility. There are 43 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.61%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | FGUSX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.61% | — | Mar 2017 | FGUSX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.65% | — | Jul 1983 | FGUSX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | FGUSX vs PRTBX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FGUSX vs BUBSX |
Lowest Drawdown Alternatives to FGUSX
FGUSX has a 1-year max drawdown of -0.30%. There are 18 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 | |
|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FGUSX vs FHQFX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | FGUSX vs FCNVX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | FGUSX vs DFIHX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FGUSX vs NUSIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | FGUSX vs BUBSX |
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 | 15.54% | — | Mar 2005 | FGUSX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 13 | 2.79% | — | Sep 2005 | FGUSX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 43 | 4.89% | — | Sep 2008 | FGUSX vs QAMNX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 46 | 8.82% | — | Oct 2002 | FGUSX vs QIACX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 12 | 8.01% | — | Feb 1986 | FGUSX vs KAUFX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 60 | 0.87% | — | Dec 2008 | FGUSX vs FHYSX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | -0.99% | — | Aug 1984 | FGUSX vs FGSAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 45 | 1.32% | — | Aug 1984 | FGUSX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 49 | 0.74% | — | Nov 2002 | FGUSX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -6.86% | — | Dec 1995 | FGUSX vs BEARX |
Often Compared With FGUSX
Investors most often compare FGUSX with MYFRX, UGSDX, ISCAX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
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