- ISIN
- US3141722898
- CUSIP
- 314172289
- Issuer
- Federated
- Inception Date
- Feb 28, 1996
- Category
- Small Cap Value Equities
- Min. Investment
- $1,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
VSFAX Performance Chart
Federated Hermes Clover Small Value Fund (VSFAX) is up 15.5% since the beginning of the year. VSFAX is currently trading at $29 per share. Investors who bought $1,000 worth of VSFAX shares 5 years ago would now be looking at an investment worth $1,624.
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Returns By Period
Federated Hermes Clover Small Value Fund (VSFAX) has returned 15.45% so far this year and 31.07% over the past 12 months. Over the last ten years, VSFAX has returned 10.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Federated Hermes Clover Small Value Fund
- 1D
- 1.57%
- 1M
- 3.38%
- YTD
- 15.45%
- 6M
- 13.47%
- 1Y
- 31.07%
- 3Y*
- 17.35%
- 5Y*
- 10.18%
- 10Y*
- 10.76%
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%
VSFAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 1996, VSFAX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +17.8%, while the worst month was Dec 2007 at -29.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VSFAX closed higher 52% of trading days. The best single day was Dec 12, 2024 with a return of +20.6%, while the worst single day was Dec 14, 2006 at -28.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.08% | 1.89% | -6.53% | 9.05% | 3.42% | 2.29% | 15.45% | ||||||
| 2025 | 3.63% | -4.90% | -4.19% | -4.46% | 4.35% | 3.82% | 1.99% | 5.01% | -0.12% | -0.51% | 3.42% | -0.03% | 7.53% |
| 2024 | -3.25% | 2.68% | 6.00% | -6.32% | 4.25% | -0.92% | 9.92% | -0.99% | 0.07% | -2.41% | 10.28% | 0.88% | 20.49% |
| 2023 | 8.24% | -1.55% | -5.33% | -1.40% | -4.78% | 9.58% | 4.41% | -3.74% | -5.83% | -5.47% | 7.50% | 10.63% | 10.43% |
| 2022 | -3.17% | 0.95% | 0.94% | -7.74% | 2.59% | -9.52% | 10.34% | -2.61% | -8.08% | 12.95% | 3.29% | -6.37% | -8.82% |
| 2021 | 1.37% | 11.51% | 5.71% | 3.48% | 2.90% | -2.33% | -2.70% | 2.82% | -0.32% | 4.03% | -4.08% | 5.25% | 30.14% |
Benchmark Metrics
Federated Hermes Clover Small Value Fund has an annualized alpha of -0.50%, beta of 0.93, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since February 28, 1996.
- This fund participated in 106.91% of S&P 500 Index downside but only 96.73% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.56, 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
- -0.50%
- Beta
- 0.93
- R²
- 0.56
- Upside Capture
- 96.73%
- Downside Capture
- 106.91%
Expense Ratio
VSFAX has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
VSFAX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes Clover Small Value Fund (VSFAX) 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.
| VSFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.78 | +0.44 |
| Martin ratioReturn relative to average drawdown | 10.73 | 12.44 | -1.70 |
Dividends
Dividend History
Federated Hermes Clover Small Value Fund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.87 | $4.94 | $0.71 | $2.08 | $2.34 | $0.03 | $0.07 | $4.15 | $4.29 | $0.63 | $0.50 |
Dividend yield | 2.99% | 3.45% | 20.39% | 2.91% | 9.15% | 8.62% | 0.11% | 0.35% | 23.83% | 16.53% | 2.33% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Clover Small Value 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.94 | $4.94 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.08 | $2.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.34 | $2.34 |
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 Clover Small Value 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 Clover Small Value Fund was 78.14%, occurring on Mar 9, 2009. Recovery took 2212 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -78.14%Mar 2009 | 3y 3mo | 8y 9mo | 12y 19dDec 2005 - Dec 2017 |
COVID crash2020 | -48.57%Mar 2020 | 1y 7mo | 8mo 27d | 2y 3moAug 2018 - Dec 2020 |
2003 bear market2003 | -39.94%Mar 2003 | 10mo 29d | 8mo 24d | 1y 7moApr 2002 - Dec 2003 |
1998 bear market1998 | -37.37%Oct 1998 | 11mo 29d | 1y 3mo | 2y 3moOct 1997 - Jan 2000 |
2025 selloff2025 | -30.07%Apr 2025 | 3mo 27d | 1y 8d | 1y 4moDec 2024 - Apr 2026 |
Drawdown Indicators
| VSFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.14% | -56.78% | -21.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -9.10% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -30.07% | -18.90% | -11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -25.43% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -48.57% | -33.92% | -14.65% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -20.82% | -10.71% | -10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.03% | +0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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