BEARX vs. AMAT
BEARX (Federated Hermes Prudent Bear Fd) is Inverse Equities fund managed by Federated, while AMAT (Applied Materials, Inc.) is a stock. Over the past 10 years, BEARX returned -14.19%/yr vs 36.10%/yr for AMAT. Their -0.58 correlation means they have often moved in opposite directions in the past.
Performance
BEARX vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, BEARX achieves a -6.07% return, which is significantly lower than AMAT's 98.04% return. Over the past 10 years, BEARX has underperformed AMAT with an annualized return of -14.19%, while AMAT has yielded a comparatively higher 36.10% annualized return.
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
AMAT
- 1D
- 1.18%
- 1M
- -15.81%
- 6M
- 57.90%
- YTD
- 98.04%
- 1Y
- 184.12%
- 3Y*
- 50.50%
- 5Y*
- 30.49%
- 10Y*
- 36.10%
- ALL TIME*
- 20.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02B | $4.81B | $5.25B | |
| $0.00 | $0.00 | $0.00 |
BEARX vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
AMAT Applied Materials, Inc. | 98.04% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between BEARX and AMAT is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1995 | -0.58 |
Over the past year, the inverse relationship between BEARX and AMAT has weakened: their correlation has moved from -0.58 to -0.27, meaning they move in opposite directions less often than they have historically.
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Return for Risk
BEARX vs. AMAT — Risk / Return Rank
BEARX
AMAT
BEARX vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Prudent Bear Fd (BEARX) and Applied Materials, Inc. (AMAT). 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.
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.
| BEARX | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.43 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 4.67 | -5.31 |
| Martin ratioReturn relative to average drawdown | -1.23 | 19.21 | -20.44 |
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Drawdowns
BEARX vs. AMAT - Drawdown Comparison
The maximum BEARX drawdown since its inception was -95.75%, which is greater than AMAT's maximum drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for BEARX and AMAT.
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Drawdown Indicators
| BEARX | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -85.22% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -39.63% | +23.08% |
Max Drawdown (3Y)Largest decline over 3 years | -44.46% | -49.88% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -52.48% | -55.14% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -79.22% | -55.14% | -24.08% |
Current DrawdownCurrent decline from peak | -95.59% | -29.78% | -65.81% |
Average DrawdownAverage peak-to-trough decline | -61.21% | -38.71% | -22.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 9.62% | -1.02% |
Volatility
BEARX vs. AMAT - Volatility Comparison
The current volatility for Federated Hermes Prudent Bear Fd (BEARX) is 3.78%, while Applied Materials, Inc. (AMAT) has a volatility of 25.47%. This indicates that BEARX experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEARX | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 25.47% | -21.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 50.11% | -39.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 59.77% | -46.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 46.71% | -29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 44.28% | -27.57% |
Dividends
BEARX vs. AMAT - Dividend Comparison
BEARX's dividend yield for the trailing twelve months is around 7.15%, more than AMAT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BEARX and AMAT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (25.47%) compared to BEARX (3.78%). In terms of maximum drawdown, BEARX dropped -95.75% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (3.11 vs -0.83), 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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