BEARX vs. FGUSX
BEARX (Federated Hermes Prudent Bear Fd) and FGUSX (Federated Hermes Government Ultrashort Fund) are both mutual funds - BEARX is a Inverse Equities fund managed by Federated, while FGUSX is a Ultrashort Bond fund managed by Federated. Over the past 3 years, BEARX returned -15.31%/yr vs 4.67%/yr for FGUSX. At a correlation of -0.10, they often move in opposite directions. BEARX charges 1.78%/yr vs 0.26%/yr for FGUSX.
Performance
BEARX vs. FGUSX - 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 FGUSX's 1.49% return.
BEARX
- 1D
- 1.71%
- 1M
- 2.01%
- YTD
- -6.07%
- 6M
- -5.46%
- 1Y
- -15.54%
- 3Y*
- -15.31%
- 5Y*
- -11.52%
- 10Y*
- -14.57%
FGUSX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.49%
- 6M
- 1.97%
- 1Y
- 4.69%
- 3Y*
- 4.67%
- 5Y*
- —
- 10Y*
- —
BEARX vs. FGUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 0.25% |
FGUSX Federated Hermes Government Ultrashort Fund | 1.49% | 5.22% | 4.67% | 4.61% | 0.33% |
Correlation
The correlation between BEARX and FGUSX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2022 | -0.10 |
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Return for Risk
BEARX vs. FGUSX — Risk / Return Rank
BEARX
FGUSX
BEARX vs. FGUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Prudent Bear Fd (BEARX) and Federated Hermes Government Ultrashort Fund (FGUSX). 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 | FGUSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.54 | ||
| Sortino ratioReturn per unit of downside risk | -11.71 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 3.15 | -2.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 15.48 | -16.31 |
| Martin ratioReturn relative to average drawdown | -1.53 | 59.60 | -61.13 |
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Drawdowns
BEARX vs. FGUSX - Drawdown Comparison
The maximum BEARX drawdown since its inception was -95.75%, which is greater than FGUSX's maximum drawdown of -0.31%. Use the drawdown chart below to compare losses from any high point for BEARX and FGUSX.
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Drawdown Indicators
| BEARX | FGUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -0.31% | -95.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -0.30% | -17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -44.46% | -0.31% | -44.15% |
Max Drawdown (5Y)Largest decline over 5 years | -52.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.48% | — | — |
Current DrawdownCurrent decline from peak | -95.59% | -0.10% | -95.49% |
Average DrawdownAverage peak-to-trough decline | -61.10% | -0.06% | -61.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 0.08% | +10.09% |
Volatility
BEARX vs. FGUSX - Volatility Comparison
Federated Hermes Prudent Bear Fd (BEARX) has a higher volatility of 5.54% compared to Federated Hermes Government Ultrashort Fund (FGUSX) at 0.39%. This indicates that BEARX's price experiences larger fluctuations and is considered to be riskier than FGUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEARX | FGUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 0.39% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 1.00% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 1.44% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 1.56% | +15.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 1.56% | +15.16% |
BEARX vs. FGUSX - Expense Ratio Comparison
BEARX has a 1.78% expense ratio, which is higher than FGUSX's 0.26% expense ratio.
Dividends
BEARX vs. FGUSX - Dividend Comparison
BEARX's dividend yield for the trailing twelve months is around 7.15%, more than FGUSX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
FGUSX Federated Hermes Government Ultrashort Fund | 4.37% | 4.66% | 4.56% | 4.70% | 0.33% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BEARX and FGUSX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (5.54%) compared to FGUSX (0.39%). In terms of maximum drawdown, BEARX dropped -95.75% vs FGUSX's -0.31%.
FGUSX currently has the higher Sharpe Ratio (3.28 vs -1.26), 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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