Federated Hermes Ultra Short Bond Fund (FULBX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FULBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FULBX
FULBX charges 0.47% annually. There are 43 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | FULBX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FULBX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FULBX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FULBX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FULBX vs DFYGX |
Best Risk-Adjusted Alternatives to FULBX
FULBX has a PortfoliosLab risk / return rank of 98. There are 46 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FULBX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FULBX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FULBX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | FULBX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FULBX vs PAIPX |
Top Performing FULBX Alternatives (YTD)
FULBX is at 1.65% YTD. There are 36 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | FULBX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | FULBX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | FULBX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | FULBX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | FULBX vs ENIAX |
Lowest Volatility Alternatives to FULBX
FULBX has 1.59% 1-year volatility. There are 60 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | FULBX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | FULBX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | FULBX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FULBX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | FULBX vs PRTBX |
Lowest Drawdown Alternatives to FULBX
FULBX has a 1-year max drawdown of -0.54%. There are 49 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | FULBX vs FCNVX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FULBX vs FHQFX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | FULBX vs DFIHX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FULBX vs NUSIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | FULBX vs BUBSX |
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 | 84 | 12.44% | — | Mar 2005 | FULBX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 20 | 6.34% | — | Sep 2005 | FULBX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 14 | 1.36% | — | Sep 2008 | FULBX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 15 | 11.21% | — | Feb 1986 | FULBX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 48 | 8.33% | — | Oct 2002 | FULBX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 0.77% | — | Aug 1984 | FULBX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 76 | 1.73% | — | Dec 2008 | FULBX vs FHYSX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 53 | 1.79% | — | Aug 1984 | FULBX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 67 | 1.54% | — | Nov 2002 | FULBX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -8.18% | — | Dec 1995 | FULBX vs BEARX |
Often Compared With FULBX
Investors most often compare FULBX with TSDOX, VOO, CBUDX. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare FULBX with Any Fund or Stock
Compare FULBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FULBX with funds that move differently
Federated Hermes Ultra Short Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FULBX.
Explore FULBX Diversifiers