AMG vs. FHI
AMG (Affiliated Managers Group, Inc.) and FHI (Federated Hermes, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, AMG returned 8.09%/yr vs 11.31%/yr for FHI. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
AMG vs. FHI - Performance Comparison
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Returns By Period
In the year-to-date period, AMG achieves a 16.78% return, which is significantly higher than FHI's 10.86% return. Over the past 10 years, AMG has underperformed FHI with an annualized return of 8.09%, while FHI has yielded a comparatively higher 11.31% annualized return.
AMG
- 1D
- -0.06%
- 1M
- 11.17%
- YTD
- 16.78%
- 6M
- 24.59%
- 1Y
- 84.69%
- 3Y*
- 31.53%
- 5Y*
- 15.94%
- 10Y*
- 8.09%
FHI
- 1D
- -0.14%
- 1M
- 1.79%
- YTD
- 10.86%
- 6M
- 14.99%
- 1Y
- 38.36%
- 3Y*
- 19.65%
- 5Y*
- 16.33%
- 10Y*
- 11.31%
AMG vs. FHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 16.78% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
FHI Federated Hermes, Inc. | 10.86% | 30.45% | 29.60% | -3.72% | -0.16% | 34.68% | -3.79% | 27.07% | -23.34% | 32.26% |
Correlation
The correlation between AMG and FHI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 15, 1998 | 0.55 |
The correlation between AMG and FHI has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
Fundamentals
AMG:
$9.26B
FHI:
$4.14B
AMG:
$24.29
FHI:
$5.35
AMG:
13.86
FHI:
10.65
AMG:
0.46
FHI:
0.50
AMG:
4.42
FHI:
2.28
AMG:
3.00
FHI:
2.66
AMG:
$2.37B
FHI:
$1.86B
AMG:
$1.61B
FHI:
$958.45M
AMG:
$1.53B
FHI:
$564.21M
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Return for Risk
AMG vs. FHI — Risk / Return Rank
AMG
FHI
AMG vs. FHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) and Federated Hermes, Inc. (FHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AMG | FHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.07 | +1.25 |
| Martin ratioReturn relative to average drawdown | 12.31 | 9.52 | +2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMG | FHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 1.72 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.66 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.35 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.28 | -0.02 |
Drawdowns
AMG vs. FHI - Drawdown Comparison
The maximum AMG drawdown since its inception was -85.92%, which is greater than FHI's maximum drawdown of -64.89%. Use the drawdown chart below to compare losses from any high point for AMG and FHI.
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Drawdown Indicators
| AMG | FHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -64.89% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -12.57% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -20.17% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -29.61% | -11.61% |
Max Drawdown (10Y)Largest decline over 10 years | -78.52% | -64.89% | -13.63% |
Current DrawdownCurrent decline from peak | -0.06% | -1.63% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -15.74% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 4.04% | +2.86% |
Volatility
AMG vs. FHI - Volatility Comparison
Affiliated Managers Group, Inc. (AMG) has a higher volatility of 9.00% compared to Federated Hermes, Inc. (FHI) at 6.88%. This indicates that AMG's price experiences larger fluctuations and is considered to be riskier than FHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMG | FHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.00% | 6.88% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 17.64% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.02% | 22.44% | +8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.41% | 24.87% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.72% | 32.44% | +2.28% |
Dividends
AMG vs. FHI - Dividend Comparison
AMG's dividend yield for the trailing twelve months is around 0.01%, less than FHI's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
FHI Federated Hermes, Inc. | 2.46% | 2.55% | 5.38% | 3.38% | 2.97% | 2.87% | 7.20% | 3.31% | 3.99% | 2.77% | 7.07% | 3.49% |
Financials
AMG vs. FHI - Financials Comparison
This section allows you to compare key financial metrics between Affiliated Managers Group, Inc. and Federated Hermes, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMG vs. FHI - Profitability Comparison
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
FHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported a gross profit of 0.00 and revenue of 478.96M. Therefore, the gross margin over that period was 0.0%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
FHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported an operating income of 126.33M and revenue of 478.96M, resulting in an operating margin of 26.4%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
FHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported a net income of 95.95M and revenue of 478.96M, resulting in a net margin of 20.0%.
Frequently Asked Questions
AMG and FHI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMG has higher volatility (9.00%) compared to FHI (6.88%). In terms of maximum drawdown, AMG dropped -85.92% vs FHI's -64.89%.
AMG currently has the higher Sharpe Ratio (2.75 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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