DSMFX vs. FHUMX

Last updated Jun 24, 2026

DSMFX (Destinations Small-Mid Cap Equity Fund) and FHUMX (Federated Hermes U.S. SMID Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, DSMFX returned 8.61%/yr vs 6.59%/yr for FHUMX. Their correlation of 0.90 suggests significant overlap in exposure. DSMFX charges 1.10%/yr vs 0.79%/yr for FHUMX.

Performance

DSMFX vs. FHUMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Destinations Small-Mid Cap Equity Fund (DSMFX) and Federated Hermes U.S. SMID Fund (FHUMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSMFX achieves a 22.01% return, which is significantly higher than FHUMX's 16.11% return.

DSMFX

• 1D: 1.22%
• 1M: 4.68%
• YTD: 22.01%
• 6M: 19.43%
• 1Y: 43.40%
• 3Y*: 20.24%
• 5Y*: 8.61%
• 10Y*: —

FHUMX

• 1D: 1.05%
• 1M: 6.93%
• YTD: 16.11%
• 6M: 13.53%
• 1Y: 18.89%
• 3Y*: 11.51%
• 5Y*: 6.59%
• 10Y*: —

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

DSMFX vs. FHUMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DSMFX Destinations Small-Mid Cap Equity Fund	22.01%	13.94%	14.72%	11.61%	-19.89%	26.65%	38.48%
FHUMX Federated Hermes U.S. SMID Fund	16.11%	-1.38%	9.90%	21.92%	-16.51%	22.94%	27.31%

Correlation

The correlation between DSMFX and FHUMX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	0.90

The correlation between DSMFX and FHUMX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

DSMFX vs. FHUMX — Risk / Return Rank

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

DSMFX

DSMFX Risk / Return Rank: 83
DSMFX Sharpe Ratio Rank: 84
DSMFX Sortino Ratio Rank: 78
DSMFX Omega Ratio Rank: 70
DSMFX Calmar Ratio Rank: 92
DSMFX Martin Ratio Rank: 93

FHUMX

FHUMX Risk / Return Rank: 21
FHUMX Sharpe Ratio Rank: 17
FHUMX Sortino Ratio Rank: 18
FHUMX Omega Ratio Rank: 16
FHUMX Calmar Ratio Rank: 30
FHUMX Martin Ratio Rank: 26

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.

DSMFX vs. FHUMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Small-Mid Cap Equity Fund (DSMFX) and Federated Hermes U.S. SMID Fund (FHUMX). 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.

	DSMFX	FHUMX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	1.08	+1.45
Sortino ratio: Return per unit of downside risk	3.41	1.63	+1.78
Omega ratio: Gain probability vs. loss probability	1.43	1.19	+0.23
Calmar ratio: Return relative to maximum drawdown	4.75	1.93	+2.81
Martin ratio: Return relative to average drawdown	18.67	5.65	+13.02

DSMFX vs. FHUMX - Sharpe Ratio Comparison

The current DSMFX Sharpe Ratio is 2.53, which is higher than the FHUMX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DSMFX and FHUMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DSMFX vs. FHUMX - Drawdown Comparison

The maximum DSMFX drawdown since its inception was -42.52%, which is greater than FHUMX's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for DSMFX and FHUMX.

Drawdown Indicators

	DSMFX	FHUMX	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-29.48%	-13.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-11.58%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-27.39%	-29.48%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-30.72%	-29.48%	-1.24%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.72%	-8.14%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	3.82%	-1.37%

Volatility

DSMFX vs. FHUMX - Volatility Comparison

The current volatility for Destinations Small-Mid Cap Equity Fund (DSMFX) is 6.45%, while Federated Hermes U.S. SMID Fund (FHUMX) has a volatility of 8.37%. This indicates that DSMFX experiences smaller price fluctuations and is considered to be less risky than FHUMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMFX	FHUMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	8.37%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	16.12%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.35%	20.78%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.07%	21.46%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	21.19%	+0.69%

DSMFX vs. FHUMX - Expense Ratio Comparison

DSMFX has a 1.10% expense ratio, which is higher than FHUMX's 0.79% expense ratio.

Dividends

DSMFX vs. FHUMX - Dividend Comparison

DSMFX's dividend yield for the trailing twelve months is around 5.85%, less than FHUMX's 7.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSMFX Destinations Small-Mid Cap Equity Fund	5.85%	7.13%	7.71%	0.26%	3.57%	27.39%	2.06%	4.05%	5.96%	0.92%
FHUMX Federated Hermes U.S. SMID Fund	7.37%	8.56%	0.93%	4.41%	2.77%	4.05%	0.08%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSMFX and FHUMX in my portfolio?

DSMFX and FHUMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSMFX or FHUMX?

FHUMX has higher volatility (8.37%) compared to DSMFX (6.45%). In terms of maximum drawdown, DSMFX dropped -42.52% vs FHUMX's -29.48%.

Which has better risk-adjusted returns?

DSMFX currently has the higher Sharpe Ratio (2.53 vs 1.08), 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.