FCSH vs. DFSD

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Short Duration Corporate ETF (FCSH) and Dimensional Short-Duration Fixed Income ETF (DFSD).

FCSH and DFSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCSH is an actively managed fund by Federated. It was launched on Dec 16, 2021. DFSD is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.

Performance

FCSH vs. DFSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short Duration Corporate ETF (FCSH) and Dimensional Short-Duration Fixed Income ETF (DFSD). The values are adjusted to include any dividend payments, if applicable.

FCSH vs. DFSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	0.43%	6.42%	4.66%	5.45%	-5.87%	0.24%
DFSD Dimensional Short-Duration Fixed Income ETF	0.17%	6.59%	4.60%	6.09%	-5.87%	-0.14%

Returns By Period

In the year-to-date period, FCSH achieves a 0.43% return, which is significantly higher than DFSD's 0.17% return.

FCSH

• 1D: 0.17%
• 1M: -0.71%
• YTD: 0.43%
• 6M: 1.60%
• 1Y: 4.90%
• 3Y*: 5.00%
• 5Y*: —
• 10Y*: —

DFSD

• 1D: 0.31%
• 1M: -0.89%
• YTD: 0.17%
• 6M: 1.29%
• 1Y: 4.79%
• 3Y*: 5.25%
• 5Y*: —
• 10Y*: —

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

FCSH vs. DFSD - Expense Ratio Comparison

FCSH has a 0.30% expense ratio, which is higher than DFSD's 0.16% expense ratio.

FCSH

Federated Hermes Short Duration Corporate ETF

DFSD

Dimensional Short-Duration Fixed Income ETF

Return for Risk

FCSH vs. DFSD — Risk / Return Rank

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

FCSH

FCSH Risk / Return Rank: 95
FCSH Sharpe Ratio Rank: 93
FCSH Sortino Ratio Rank: 96
FCSH Omega Ratio Rank: 95
FCSH Calmar Ratio Rank: 95
FCSH Martin Ratio Rank: 95

DFSD

DFSD Risk / Return Rank: 93
DFSD Sharpe Ratio Rank: 92
DFSD Sortino Ratio Rank: 95
DFSD Omega Ratio Rank: 94
DFSD Calmar Ratio Rank: 92
DFSD Martin Ratio Rank: 93

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.

FCSH vs. DFSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration Corporate ETF (FCSH) and Dimensional Short-Duration Fixed Income ETF (DFSD). 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.

	FCSH	DFSD	Difference
Sharpe ratio Return per unit of total volatility	2.24	2.13	+0.11
Sortino ratio Return per unit of downside risk	3.42	3.12	+0.30
Omega ratio Gain probability vs. loss probability	1.46	1.45	+0.02
Calmar ratio Return relative to maximum drawdown	3.99	3.25	+0.74
Martin ratio Return relative to average drawdown	15.82	13.49	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCSH vs. DFSD - Sharpe Ratio Comparison

The current FCSH Sharpe Ratio is 2.24, which is comparable to the DFSD Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FCSH and DFSD, 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

	FCSH	DFSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.13	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.91	-0.03

Correlation

The correlation between FCSH and DFSD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FCSH vs. DFSD - Dividend Comparison

FCSH's dividend yield for the trailing twelve months is around 4.11%, more than DFSD's 3.94% yield.

	TTM	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	4.11%	4.14%	4.44%	2.31%	1.76%	0.04%
DFSD Dimensional Short-Duration Fixed Income ETF	3.94%	4.12%	4.81%	3.89%	2.12%	0.11%

Drawdowns

FCSH vs. DFSD - Drawdown Comparison

The maximum FCSH drawdown since its inception was -8.47%, roughly equal to the maximum DFSD drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for FCSH and DFSD.

Drawdown Indicators

	FCSH	DFSD	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-8.45%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	-1.47%	+0.23%
Current Drawdown Current decline from peak	-0.71%	-0.89%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.28%	-2.13%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.35%	-0.04%

Volatility

FCSH vs. DFSD - Volatility Comparison

Federated Hermes Short Duration Corporate ETF (FCSH) has a higher volatility of 1.02% compared to Dimensional Short-Duration Fixed Income ETF (DFSD) at 0.94%. This indicates that FCSH's price experiences larger fluctuations and is considered to be riskier than DFSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCSH	DFSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	0.94%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	1.38%	1.33%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	2.19%	2.26%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	2.80%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.92%	2.80%	+0.12%