BEARX vs. KLCIX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Prudent Bear Fd (BEARX) and Federated Hermes Kaufmann Large Cap Fund (KLCIX).

BEARX is managed by Federated. It was launched on Dec 27, 1995. KLCIX is managed by Federated. It was launched on Dec 5, 2007.

Performance

BEARX vs. KLCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Prudent Bear Fd (BEARX) and Federated Hermes Kaufmann Large Cap Fund (KLCIX). The values are adjusted to include any dividend payments, if applicable.

BEARX vs. KLCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEARX Federated Hermes Prudent Bear Fd	8.44%	-12.42%	-20.34%	-18.67%	17.78%	-23.78%	-22.95%	-19.95%	-5.96%	-15.76%
KLCIX Federated Hermes Kaufmann Large Cap Fund	-11.73%	18.71%	90.57%	33.02%	-30.06%	13.95%	28.58%	38.16%	0.16%	23.57%

Returns By Period

In the year-to-date period, BEARX achieves a 8.44% return, which is significantly higher than KLCIX's -11.73% return. Over the past 10 years, BEARX has underperformed KLCIX with an annualized return of -13.36%, while KLCIX has yielded a comparatively higher 17.40% annualized return.

BEARX

• 1D: 0.49%
• 1M: 9.02%
• YTD: 8.44%
• 6M: 6.24%
• 1Y: -10.09%
• 3Y*: -12.93%
• 5Y*: -9.96%
• 10Y*: -13.36%

KLCIX

• 1D: -0.80%
• 1M: -9.37%
• YTD: -11.73%
• 6M: -9.65%
• 1Y: 14.91%
• 3Y*: 35.65%
• 5Y*: 16.76%
• 10Y*: 17.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEARX vs. KLCIX - Expense Ratio Comparison

BEARX has a 1.78% expense ratio, which is higher than KLCIX's 0.84% expense ratio.

BEARX

Federated Hermes Prudent Bear Fd

KLCIX

Federated Hermes Kaufmann Large Cap Fund

Return for Risk

BEARX vs. KLCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEARX

BEARX Risk / Return Rank: 2
BEARX Sharpe Ratio Rank: 1
BEARX Sortino Ratio Rank: 1
BEARX Omega Ratio Rank: 1
BEARX Calmar Ratio Rank: 3
BEARX Martin Ratio Rank: 4

KLCIX

KLCIX Risk / Return Rank: 26
KLCIX Sharpe Ratio Rank: 27
KLCIX Sortino Ratio Rank: 27
KLCIX Omega Ratio Rank: 30
KLCIX Calmar Ratio Rank: 25
KLCIX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEARX vs. KLCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Prudent Bear Fd (BEARX) and Federated Hermes Kaufmann Large Cap Fund (KLCIX). 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.

	BEARX	KLCIX	Difference
Sharpe ratio Return per unit of total volatility	-0.61	0.66	-1.26
Sortino ratio Return per unit of downside risk	-0.81	1.02	-1.82
Omega ratio Gain probability vs. loss probability	0.88	1.16	-0.27
Calmar ratio Return relative to maximum drawdown	-0.33	0.74	-1.07
Martin ratio Return relative to average drawdown	-0.41	2.62	-3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEARX vs. KLCIX - Sharpe Ratio Comparison

The current BEARX Sharpe Ratio is -0.61, which is lower than the KLCIX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of BEARX and KLCIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BEARX	KLCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	0.66	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.59	0.32	-0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.81	0.44	-1.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.41	-0.43

Correlation

The correlation between BEARX and KLCIX is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BEARX vs. KLCIX - Dividend Comparison

BEARX's dividend yield for the trailing twelve months is around 6.19%, less than KLCIX's 33.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEARX Federated Hermes Prudent Bear Fd	6.19%	6.71%	0.00%	13.32%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%	0.00%	0.00%
KLCIX Federated Hermes Kaufmann Large Cap Fund	33.54%	29.60%	72.67%	29.59%	26.95%	14.50%	3.48%	4.34%	11.36%	1.41%	0.00%	0.01%

Drawdowns

BEARX vs. KLCIX - Drawdown Comparison

The maximum BEARX drawdown since its inception was -95.38%, which is greater than KLCIX's maximum drawdown of -51.80%. Use the drawdown chart below to compare losses from any high point for BEARX and KLCIX.

Drawdown Indicators

	BEARX	KLCIX	Difference
Max Drawdown Largest peak-to-trough decline	-95.38%	-51.80%	-43.58%
Max Drawdown (1Y) Largest decline over 1 year	-26.53%	-15.36%	-11.17%
Max Drawdown (5Y) Largest decline over 5 years	-48.32%	-41.04%	-7.28%
Max Drawdown (10Y) Largest decline over 10 years	-78.77%	-41.04%	-37.73%
Current Drawdown Current decline from peak	-94.91%	-25.06%	-69.85%
Average Drawdown Average peak-to-trough decline	-60.84%	-9.26%	-51.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.54%	4.35%	+17.19%

Volatility

BEARX vs. KLCIX - Volatility Comparison

The current volatility for Federated Hermes Prudent Bear Fd (BEARX) is 3.81%, while Federated Hermes Kaufmann Large Cap Fund (KLCIX) has a volatility of 5.27%. This indicates that BEARX experiences smaller price fluctuations and is considered to be less risky than KLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEARX	KLCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	5.27%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	11.73%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	18.44%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	52.22%	-35.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	39.63%	-23.01%