- ISIN
- US31420E1064
- CUSIP
- 31420E106
- Issuer
- Federated
- Inception Date
- Jul 11, 1990
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FISPX Performance Chart
Federated Hermes Max Cap Index Fund (FISPX) is up 11.7% since the beginning of the year. FISPX is currently trading at $10 per share. Investors who bought $1,000 worth of FISPX shares 5 years ago would now be looking at an investment worth $1,918.
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Returns By Period
Federated Hermes Max Cap Index Fund (FISPX) has returned 11.72% so far this year and 28.88% over the past 12 months. Looking at the last ten years, FISPX has achieved an annualized return of 15.33%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Federated Hermes Max Cap Index Fund
- 1D
- 0.11%
- 1M
- 5.90%
- YTD
- 11.72%
- 6M
- 11.66%
- 1Y
- 28.88%
- 3Y*
- 22.53%
- 5Y*
- 13.91%
- 10Y*
- 15.33%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FISPX Monthly Returns History
Based on dividend-adjusted daily data since Jul 2, 1990, FISPX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +12.9%, while the worst month was Oct 2008 at -16.9%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FISPX closed higher 52% of trading days. The best single day was Dec 12, 2023 with a return of +19.9%, while the worst single day was Dec 13, 2023 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.88% | -0.81% | -5.25% | 10.31% | 5.34% | 0.42% | 11.72% | ||||||
| 2025 | 3.70% | -2.21% | -5.67% | -0.80% | 6.33% | 5.04% | 2.18% | 2.84% | 2.86% | 2.35% | 0.22% | 0.06% | 17.57% |
| 2024 | 1.70% | 5.29% | 3.17% | -4.24% | 4.96% | 3.55% | 1.11% | 2.44% | 2.14% | -0.82% | 5.79% | -2.48% | 24.47% |
| 2023 | 6.20% | -2.45% | 3.57% | 1.62% | 0.40% | 6.61% | 3.23% | -1.69% | -4.75% | -2.06% | 9.09% | 4.75% | 26.27% |
| 2022 | -5.15% | -2.98% | 3.55% | -8.71% | 0.23% | -8.38% | 9.15% | -4.07% | -9.47% | 8.04% | 5.46% | -5.95% | -18.87% |
| 2021 | -0.88% | 2.68% | 4.37% | 5.32% | 0.69% | 2.16% | 2.32% | 3.02% | -4.70% | 6.94% | -0.63% | 4.68% | 28.57% |
Benchmark Metrics
Federated Hermes Max Cap Index Fund has an annualized alpha of 1.89%, beta of 1.00, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since July 03, 1990.
- This fund captured 105.31% of S&P 500 Index gains but only 96.81% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.89%
- Beta
- 1.00
- R²
- 0.93
- Upside Capture
- 105.31%
- Downside Capture
- 96.81%
Expense Ratio
FISPX has an expense ratio of 0.37%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FISPX ranks 82 for risk / return — in the top 82% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) and compare them to S&P 500 Index.
| FISPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.41 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.93 | +0.79 |
| Martin ratioReturn relative to average drawdown | 16.83 | 13.52 | +3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Federated Hermes Max Cap Index Fund provided a 7.19% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.69 | $0.99 | $1.62 | $1.13 | $1.63 | $2.13 | $1.50 | $4.06 | $3.32 | $2.46 | $2.11 |
Dividend yield | 7.19% | 8.03% | 12.57% | 22.88% | 16.35% | 16.48% | 23.53% | 15.79% | 47.85% | 25.80% | 18.45% | 14.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Max Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.63 | $0.69 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.93 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.55 | $1.62 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.13 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.56 | $1.63 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Max Cap Index 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 Max Cap Index Fund was 54.64%, occurring on Mar 9, 2009. Recovery took 764 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.64%Mar 2009 | 1y 5mo | 3y 11d | 4y 5moOct 2007 - Mar 2012 |
Dot-com crash2000–2002 | -47.96%Oct 2002 | 2y 6mo | 4y 1mo | 6y 8moMar 2000 - Nov 2006 |
COVID crash2020 | -33.80%Mar 2020 | 1mo 2d | 4mo 20d | 5mo 22dFeb 2020 - Aug 2020 |
Bear market2022 | -25.02%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -24.78%Apr 2025 | 3mo 26d | 5mo 10d | 9mo 6dDec 2024 - Sep 2025 |
Drawdown Indicators
| FISPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.64% | -56.78% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -9.10% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -18.90% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.02% | -25.43% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -33.92% | +0.12% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -10.72% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.97% | -0.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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