FCSPX vs. FGSAX
FCSPX (Federated Hermes Corporate Bond Strategy Port) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FCSPX is a Corporate Bonds fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FCSPX returned 2.88%/yr vs 14.50%/yr for FGSAX. Their -0.05 correlation means they have often moved in opposite directions in the past. FCSPX charges 0.00%/yr vs 1.15%/yr for FGSAX.
Performance
FCSPX vs. FGSAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FCSPX having a -0.81% return and FGSAX slightly lower at -0.82%. Over the past 10 years, FCSPX has underperformed FGSAX with an annualized return of 2.88%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
FCSPX
- 1D
- 0.20%
- 1M
- -1.78%
- 6M
- -1.01%
- YTD
- -0.81%
- 1Y
- 2.79%
- 3Y*
- 4.86%
- 5Y*
- -0.20%
- 10Y*
- 2.88%
- ALL TIME*
- 3.18%
FGSAX
- 1D
- 2.55%
- 1M
- -1.53%
- 6M
- 0.10%
- YTD
- -0.82%
- 1Y
- -1.90%
- 3Y*
- 15.49%
- 5Y*
- 7.87%
- 10Y*
- 14.50%
- ALL TIME*
- 10.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCSPX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | -0.81% | 8.13% | 2.78% | 8.48% | -16.25% | -0.95% | 11.90% | 16.59% | -3.05% | 8.03% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | -0.82% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
Correlation
The correlation between FCSPX and FGSAX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | -0.05 |
The correlation between FCSPX and FGSAX shifts across timeframes, from -0.05 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCSPX vs. FGSAX — Risk / Return Rank
FCSPX
FGSAX
FCSPX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Strategy Port (FCSPX) and Federated Hermes MDT Mid Cap Growth Fund (FGSAX). 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.
| FCSPX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.10 | +1.00 |
| Martin ratioReturn relative to average drawdown | 2.81 | -0.25 | +3.06 |
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Drawdowns
FCSPX vs. FGSAX - Drawdown Comparison
The maximum FCSPX drawdown since its inception was -22.68%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FCSPX and FGSAX.
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Drawdown Indicators
| FCSPX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -66.17% | +43.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -13.73% | +10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.24% | -24.51% | +19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -35.79% | +13.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.68% | -37.19% | +14.51% |
Current DrawdownCurrent decline from peak | -2.17% | -5.42% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -16.10% | +11.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 5.33% | -4.31% |
Volatility
FCSPX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Strategy Port (FCSPX) is 1.14%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 4.96%. This indicates that FCSPX experiences smaller price fluctuations and is considered to be less risky than FGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSPX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 4.96% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.33% | 13.47% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 17.81% | -13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 22.54% | -15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 22.29% | -16.06% |
FCSPX vs. FGSAX - Expense Ratio Comparison
FCSPX has a 0.00% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FCSPX vs. FGSAX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.56%, less than FGSAX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.56% | 4.59% | 3.95% | 3.35% | 3.28% | 3.36% | 3.51% | 3.95% | 4.88% | 4.09% | 4.30% | 4.59% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.96% | 4.92% | 4.32% | 0.00% | 2.31% | 25.75% | 7.07% | 8.13% | 14.46% | 13.93% | 0.89% | 25.34% |
Frequently Asked Questions
FCSPX and FGSAX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (4.96%) compared to FCSPX (1.14%). In terms of maximum drawdown, FCSPX dropped -22.68% vs FGSAX's -66.17%.
FCSPX currently has the higher Sharpe Ratio (0.65 vs -0.07), 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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