Federated Hermes Mortgage Strategy Portfolio (FMBPX) belongs to the Intermediate Core Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMBPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMBPX
FMBPX charges 0.02% annually. No mutual funds in the Intermediate Core Bond category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Total Bond Market Index Fund Institutiona... | 0.02% | 398.10B | Feb 2010 | FMBPX vs VBMPX | |
| State Street Aggregate Bond Index Portfolio | 0.02% | — | Sep 2014 | FMBPX vs SSAFX | |
| Fisher Investments Institutional Group Fixed Incom... | 0.03% | — | Dec 2019 | FMBPX vs QDIBX | |
| Fisher Investments Institutional Group ESG Fixed I... | 0.04% | — | Dec 2019 | FMBPX vs QDVBX | |
| iShares U.S. Aggregate Bond Index Fund | 0.05% | — | Jul 1993 | FMBPX vs WFBIX |
Best Risk-Adjusted Alternatives to FMBPX
FMBPX has a PortfoliosLab risk / return rank of 35. There are 9 mutual funds in the Intermediate Core Bond category with higher risk-adjusted ranks, going as high as 65.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard California Intermediate-Term Tax-Exempt F... | 65 | 19.40B | Mar 1994 | FMBPX vs VCAIX | |
| Hartford Schroders Tax-Aware Bond Fund | 64 | — | Oct 2011 | FMBPX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 64 | — | Mar 2006 | FMBPX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 58 | — | Aug 1995 | FMBPX vs PCGTX | |
| Manning & Napier Credit Series | 50 | — | Apr 2020 | FMBPX vs MCDWX |
Top Performing FMBPX Alternatives (YTD)
FMBPX is at -0.22% YTD. There are 17 mutual funds in the Intermediate Core Bond category with higher YTD returns, going as high as 2.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 2.13% | — | Aug 1995 | FMBPX vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.81% | — | Mar 2006 | FMBPX vs LSSAX | |
| DFA Diversified Fixed Income Portfolio | 0.66% | — | Aug 2016 | FMBPX vs DFXIX | |
| Manning & Napier Credit Series | 0.57% | — | Apr 2020 | FMBPX vs MCDWX | |
| Fidelity Education Income Fund | 0.15% | — | Mar 2021 | FMBPX vs FEDUX |
Lowest Volatility Alternatives to FMBPX
FMBPX has 4.52% 1-year volatility. There are 105 mutual funds in the Intermediate Core Bond category with lower 1-year volatility, going as low as 2.36%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard California Intermediate-Term Tax-Exempt F... | 2.36% | 19.40B | Mar 1994 | FMBPX vs VCAIX | |
| Fidelity Education Income Fund | 2.45% | — | Mar 2021 | FMBPX vs FEDUX | |
| Baird Intermediate Bond Fund Class Institutional | 2.49% | — | Sep 2000 | FMBPX vs BIMIX | |
| Baird Intermediate Bond Fund | 2.49% | — | Sep 2000 | FMBPX vs BIMSX | |
| DFA Diversified Fixed Income Portfolio | 2.62% | — | Aug 2016 | FMBPX vs DFXIX |
Lowest Drawdown Alternatives to FMBPX
FMBPX has a 1-year max drawdown of -3.15%. There are 85 mutual funds in the Intermediate Core Bond category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Diversified Fixed Income Portfolio | -1.69% | — | Aug 2016 | FMBPX vs DFXIX | |
| Fidelity Education Income Fund | -1.72% | — | Mar 2021 | FMBPX vs FEDUX | |
| Baird Intermediate Bond Fund | -1.87% | — | Sep 2000 | FMBPX vs BIMSX | |
| Baird Intermediate Bond Fund Class Institutional | -2.08% | — | Sep 2000 | FMBPX vs BIMIX | |
| Fidelity Intermediate Bond Fund | -2.11% | — | May 1975 | FMBPX vs FTHRX |
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 | FMBPX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 16 | 2.55% | — | Sep 2005 | FMBPX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 54 | 4.61% | — | Sep 2008 | FMBPX vs QAMNX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 53 | 8.33% | — | Oct 2002 | FMBPX vs QIACX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 14 | 8.01% | — | Feb 1986 | FMBPX vs KAUFX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 74 | 0.96% | — | Dec 2008 | FMBPX vs FHYSX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | -0.82% | — | Aug 1984 | FMBPX vs FGSAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 59 | 1.32% | — | Aug 1984 | FMBPX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 64 | 0.85% | — | Nov 2002 | FMBPX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -6.07% | — | Dec 1995 | FMBPX vs BEARX |
Often Compared With FMBPX
Investors most often compare FMBPX with LVMUY, TRLVX, HESAY. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare FMBPX with Any Fund or Stock
Compare FMBPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMBPX with funds that move differently
Federated Hermes Mortgage Strategy Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMBPX.
Explore FMBPX Diversifiers