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Federated Hermes Kaufmann Small Cap Fund (FKASX) Sharpe Ratio: 1.14

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests primarily in the common stocks of small companies that are traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market. It will normally invest at least 80% of its net assets (which include the amount of any borrowing for investment purposes) in small companies and will notify shareholders at least 60 days in advance of any change in its investment policies that would permit the fund to normally invest less than 80% of its net assets in investments in small companies.

FKASX's Sharpe Ratio of 1.14 indicates that for each unit of volatility, it generates 1.14 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FKASX Sharpe Ratio Rank

FKASX Sharpe Ratio Rank: 15.315
Concerning

FKASX ranks above 15.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

FKASX Sharpe Ratio Market Positioning

The chart shows FKASX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Federated Hermes Kaufmann Small Cap Fund's Sharpe Ratio with other mutual funds in the Small Cap Growth Equities category across multiple time periods, showing how FKASX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NESIXNeedham Small Cap Growth Fund Institutional4.16
NESGXNeedham Small Cap Growth Fund4.11
NEAIXNeedham Aggressive Growth Fund Institutional Class3.71
NEAGXNeedham Aggressive Growth Fund3.67
HRSMXHood River Small-Cap Growth Fund3.22
OBMCXOberweis Micro Cap Fund3.09
DMCRXDriehaus Micro Cap Growth Fund2.97
FGROXEmerald Growth Fund Institutional Class2.88
HSPGXEmerald Growth Fund2.86
DSCIXDana Epiphany ESG Small Cap Equity Fund2.75
FKASXFederated Hermes Kaufmann Small Cap Fund1.14

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FKASX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FKASX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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