Federated Hermes Conservative Microshort Fund (FHCOX) 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 FHCOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FHCOX
FHCOX charges 0.05% annually. No mutual funds in the Ultrashort Bond category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.13%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FHCOX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FHCOX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FHCOX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FHCOX vs DFYGX | |
| Six Circles Ultra Short Duration Fund | 0.18% | — | Jul 2018 | FHCOX vs CUSDX |
Best Risk-Adjusted Alternatives to FHCOX
FHCOX has a PortfoliosLab risk / return rank of 99. There are 20 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 | FHCOX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FHCOX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FHCOX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FHCOX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | FHCOX vs FHQFX |
Top Performing FHCOX Alternatives (YTD)
FHCOX is at 1.43% YTD. There are 24 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | FHCOX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | FHCOX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | FHCOX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | FHCOX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | FHCOX vs TSDUX |
Lowest Volatility Alternatives to FHCOX
FHCOX has 1.36% 1-year volatility. There are 31 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 | FHCOX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | FHCOX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FHCOX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | FHCOX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | FHCOX vs BUBIX |
Lowest Drawdown Alternatives to FHCOX
FHCOX has a 1-year max drawdown of -0.30%. There are 17 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | FHCOX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FHCOX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FHCOX vs FHQFX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | FHCOX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FHCOX vs MUIIX |
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 | 80 | 9.26% | — | Mar 2005 | FHCOX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 21 | 4.35% | — | Sep 2005 | FHCOX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 7 | -1.17% | — | Sep 2008 | FHCOX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 17 | 10.68% | — | Feb 1986 | FHCOX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 46 | 5.68% | — | Oct 2002 | FHCOX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 0.10% | — | Aug 1984 | FHCOX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 67 | 1.19% | — | Dec 2008 | FHCOX vs FHYSX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -7.65% | — | Dec 1995 | FHCOX vs BEARX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 61 | 1.04% | — | Nov 2002 | FHCOX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 52 | 1.34% | — | Aug 1984 | FHCOX vs FHYTX |
Often Compared With FHCOX
Investors most often compare FHCOX with BBBMX, USIAX, AOUIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FHCOX with Any Fund or Stock
Compare FHCOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHCOX with funds that move differently
Federated Hermes Conservative Microshort Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHCOX.
Explore FHCOX Diversifiers