Federated Hermes Conservative Microshort Fund (FHCOX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Federated Hermes Conservative Microshort Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Federated Hermes Conservative Microshort Fund (FHCOX) has returned 0.49% so far this year and 4.11% over the past 12 months.

Based on dividend-adjusted daily data since Feb 25, 2021, FHCOX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, your investment would double in approximately 22.2 years.

Historically, 81% of months were positive and 19% were negative. The best month was Jul 2023 with a return of +1.1%, while the worst month was Jun 2023 at -0.2%. The longest winning streak lasted 28 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FHCOX closed higher 10% of trading days. The best single day was Jul 3, 2023 with a return of +0.6%, while the worst single day was Jan 21, 2025 at -0.5%.

Federated Hermes Conservative Microshort Fund has an annualized alpha of 3.23%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 26, 2021.

• This fund captured 7.10% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.51%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 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.

FHCOX has an expense ratio of 0.05%, which is considered low.

FHCOX ranks 99 for risk / return — in the top 99% 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.

The table below present risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) and compare them to a chosen benchmark (S&P 500 Index).

Federated Hermes Conservative Microshort Fund provided a 4.12% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for Federated Hermes Conservative Microshort Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Federated Hermes Conservative Microshort 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 Conservative Microshort Fund was 0.59%, occurring on Apr 29, 2022. Recovery took 148 trading sessions.

The current Federated Hermes Conservative Microshort Fund drawdown is 0.20%.

The chart below shows the rolling one-month volatility.