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 | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FULBX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FULBX vs BUBIX | |
| 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 41 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FULBX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FULBX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | FULBX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FULBX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | FULBX vs ENIAX |
Top Performing FULBX Alternatives (YTD)
FULBX is at 1.40% YTD. There are 35 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | FULBX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | FULBX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | FULBX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | FULBX vs MYFRX | |
| Columbia Ultra Short Term Bond Fund | 1.69% | — | Mar 2004 | FULBX vs CMGUX |
Lowest Volatility Alternatives to FULBX
FULBX has 1.58% 1-year volatility. There are 56 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | FULBX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | FULBX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | FULBX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | FULBX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | FULBX vs BUBIX |
Lowest Drawdown Alternatives to FULBX
FULBX has a 1-year max drawdown of -0.54%. There are 47 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | FULBX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | FULBX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FULBX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FULBX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FULBX vs NUSIX |
Other Mutual Funds from Federated
The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 44 | 8.28% | — | Mar 2005 | FULBX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 34 | 9.74% | — | Sep 2005 | FULBX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 9 | 0.80% | — | Sep 2008 | FULBX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 11 | 5.87% | — | Feb 1986 | FULBX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 60 | 8.03% | — | Oct 2002 | FULBX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 6 | 2.50% | — | Aug 1984 | FULBX vs FGSAX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 67 | 1.27% | — | Nov 2002 | FULBX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 56 | 1.34% | — | Aug 1984 | FULBX vs FHYTX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -9.23% | — | Dec 1995 | FULBX vs BEARX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 43 | 11.98% | — | Feb 1996 | FULBX vs ISCAX |
Often Compared With FULBX
Investors most often compare FULBX with TSDOX, VOO, BUSIX. These 11 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