- ISIN
- US31420E2054
- CUSIP
- 31420E205
- Issuer
- Federated
- Inception Date
- Nov 5, 1992
- Category
- Mid Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FMDCX Performance Chart
Federated Hermes Mid Cap Index Fund (FMDCX) is up 15.3% since the beginning of the year. FMDCX is currently trading at $17 per share. Investors who bought $1,000 worth of FMDCX shares 5 years ago would now be looking at an investment worth $1,544.
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Returns By Period
Federated Hermes Mid Cap Index Fund (FMDCX) has returned 15.34% so far this year and 26.39% over the past 12 months. Over the last ten years, FMDCX has returned 11.05% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Federated Hermes Mid Cap Index Fund
- 1D
- 1.12%
- 1M
- 3.33%
- YTD
- 15.34%
- 6M
- 12.92%
- 1Y
- 26.39%
- 3Y*
- 15.03%
- 5Y*
- 9.07%
- 10Y*
- 11.05%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FMDCX Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 1992, FMDCX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +14.9%, while the worst month was Oct 2008 at -21.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FMDCX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.95% | 4.02% | -6.17% | 7.86% | 2.43% | 1.92% | 15.34% | ||||||
| 2025 | 5.96% | -8.38% | -3.35% | -2.22% | 5.81% | 3.22% | 1.49% | 3.91% | -0.11% | -1.05% | 2.06% | 0.33% | 6.95% |
| 2024 | -1.60% | 5.92% | 5.62% | -6.06% | 4.28% | -1.66% | 5.75% | -0.11% | 1.16% | -0.80% | 8.65% | -7.20% | 13.34% |
| 2023 | 9.24% | -1.82% | -3.19% | -0.90% | -3.11% | 9.12% | 4.11% | -2.89% | -5.28% | -5.39% | 8.68% | 8.64% | 16.38% |
| 2022 | -7.25% | 1.05% | 1.27% | -7.11% | 0.70% | -9.72% | 10.73% | -3.29% | -9.31% | 10.53% | 6.01% | -5.57% | -13.88% |
| 2021 | 1.40% | 6.79% | 4.74% | 4.57% | 0.17% | -1.15% | 0.40% | 2.02% | -4.04% | 5.89% | -2.93% | 5.58% | 25.28% |
Benchmark Metrics
Federated Hermes Mid Cap Index Fund has an annualized alpha of 2.18%, beta of 1.01, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since November 05, 1992.
- This fund captured 108.66% of S&P 500 Index gains but only 99.73% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.18% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.82, 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
- 2.18%
- Beta
- 1.01
- R²
- 0.82
- Upside Capture
- 108.66%
- Downside Capture
- 99.73%
Expense Ratio
FMDCX has an expense ratio of 0.57%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMDCX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes Mid Cap Index Fund (FMDCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMDCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.78 | +1.01 |
| Martin ratioReturn relative to average drawdown | 13.99 | 12.44 | +1.55 |
Dividends
Dividend History
Federated Hermes Mid Cap Index Fund provided a 9.23% dividend yield over the last twelve months, with an annual payout of $1.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.58 | $1.59 | $2.41 | $1.79 | $1.86 | $4.35 | $3.01 | $2.11 | $4.60 | $4.26 | $2.86 | $3.41 |
Dividend yield | 9.23% | 10.67% | 15.63% | 11.46% | 12.33% | 22.20% | 15.60% | 10.60% | 26.14% | 17.30% | 11.41% | 14.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Mid 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 | $0.03 | $0.00 | $0.00 | $0.02 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.50 | $1.59 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $2.31 | $2.41 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.69 | $1.79 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.86 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $4.29 | $4.35 |
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 Mid 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 Mid Cap Index Fund was 55.36%, occurring on Mar 9, 2009. Recovery took 444 trading sessions.
The current Federated Hermes Mid Cap Index Fund drawdown is 0.41%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.36%Mar 2009 | 1y 7mo | 1y 9mo | 3y 4moJul 2007 - Dec 2010 |
COVID crash2020 | -42.05%Mar 2020 | 1mo 1d | 7mo 22d | 8mo 23dFeb 2020 - Nov 2020 |
Dot-com crash2000–2002 | -32.02%Oct 2002 | 5mo 24d | 1y 20d | 1y 6moApr 2002 - Oct 2003 |
1998 bear market1998 | -27.29%Oct 1998 | 5mo 18d | 2mo 24d | 8mo 12dApr 1998 - Dec 1998 |
2011 bear market2011 | -26.33%Oct 2011 | 5mo 4d | 11mo 10d | 1y 4moMay 2011 - Sep 2012 |
Drawdown Indicators
| FMDCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.36% | -56.78% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -9.10% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.16% | -18.90% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -25.43% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.05% | -33.92% | -8.13% |
Current DrawdownCurrent decline from peak | -0.41% | -1.80% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -10.71% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.03% | +0.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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