Federated Hermes Government Income Fund (FICMX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FICMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FICMX
FICMX charges 0.63% annually. There are 64 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | FICMX vs GUSTX | |
| Fidelity SAI Long-Term Treasury Bond Index Fund | 0.03% | — | Oct 2015 | FICMX vs FBLTX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FICMX vs FUMBX | |
| Fidelity Long-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FICMX vs FNBGX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FICMX vs FUAMX |
Best Risk-Adjusted Alternatives to FICMX
FICMX has a PortfoliosLab risk / return rank of 26. There are 37 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | FICMX vs FEUGX | |
| DFA Short-Term Government Portfolio | 99 | 1.81B | May 1987 | FICMX vs DFFGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | FICMX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 94 | — | Aug 2010 | FICMX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 93 | 33.80B | Dec 2009 | FICMX vs VSBSX |
Top Performing FICMX Alternatives (YTD)
FICMX is at -0.68% YTD. There are 54 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 1.94% | — | Dec 1985 | FICMX vs FEUGX | |
| DFA Short-Term Government Portfolio | 1.79% | 1.81B | May 1987 | FICMX vs DFFGX | |
| Integrity Short Term Government Fund | 1.60% | — | Jun 2011 | FICMX vs MDSIX | |
| GMO U.S. Treasury Fund | 1.59% | — | Mar 2009 | FICMX vs GUSTX | |
| Davis Government Bond Fund | 1.14% | — | Nov 1994 | FICMX vs RFBAX |
Lowest Volatility Alternatives to FICMX
FICMX has 4.33% 1-year volatility. There are 78 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.81% | 1.81B | May 1987 | FICMX vs DFFGX | |
| GMO U.S. Treasury Fund | 1.27% | — | Mar 2009 | FICMX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.30% | 33.80B | Dec 2009 | FICMX vs VSBSX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.30% | — | Aug 2010 | FICMX vs VSBIX | |
| Federated Hermes Adjustable Rate Fund | 1.37% | — | Dec 1985 | FICMX vs FEUGX |
Lowest Drawdown Alternatives to FICMX
FICMX has a 1-year max drawdown of -3.15%. There are 51 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.20% | — | Mar 2009 | FICMX vs GUSTX | |
| DFA Short-Term Government Portfolio | -0.30% | 1.81B | May 1987 | FICMX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | FICMX vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | FICMX vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | FICMX vs VSBIX |
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 | 94 | 15.85% | — | Mar 2005 | FICMX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 16 | 2.55% | — | Sep 2005 | FICMX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 54 | 4.61% | — | Sep 2008 | FICMX vs QAMNX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 53 | 8.33% | — | Oct 2002 | FICMX vs QIACX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 14 | 8.01% | — | Feb 1986 | FICMX vs KAUFX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 74 | 0.96% | — | Dec 2008 | FICMX vs FHYSX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | -0.82% | — | Aug 1984 | FICMX vs FGSAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 59 | 1.32% | — | Aug 1984 | FICMX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 64 | 0.85% | — | Nov 2002 | FICMX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -6.07% | — | Dec 1995 | FICMX vs BEARX |
Often Compared With FICMX
Investors most often compare FICMX with BMNSX, AITFX, ISCAX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FICMX with Any Fund or Stock
Compare FICMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FICMX with funds that move differently
Federated Hermes Government Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FICMX.
Explore FICMX Diversifiers