FCSPX vs. SMARX
Compare and contrast key facts about Federated Hermes Corporate Bond Strategy Port (FCSPX) and Brandes Separately Managed Account Reserve Trust (SMARX).
FCSPX is managed by Federated. It was launched on Jun 20, 2006. SMARX is managed by BlackRock. It was launched on Oct 3, 2005.
Performance
FCSPX vs. SMARX - Performance Comparison
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FCSPX vs. SMARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | -1.35% | 8.13% | 2.78% | 8.48% | -16.25% | -0.95% | 11.90% | 16.59% | -3.05% | 8.03% |
SMARX Brandes Separately Managed Account Reserve Trust | -0.30% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
Returns By Period
In the year-to-date period, FCSPX achieves a -1.35% return, which is significantly lower than SMARX's -0.30% return. Both investments have delivered pretty close results over the past 10 years, with FCSPX having a 3.42% annualized return and SMARX not far behind at 3.34%.
FCSPX
- 1D
- 0.50%
- 1M
- -2.71%
- YTD
- -1.35%
- 6M
- -0.42%
- 1Y
- 4.32%
- 3Y*
- 4.56%
- 5Y*
- 0.69%
- 10Y*
- 3.42%
SMARX
- 1D
- 0.64%
- 1M
- -1.99%
- YTD
- -0.30%
- 6M
- 0.49%
- 1Y
- 3.99%
- 3Y*
- 5.18%
- 5Y*
- 1.98%
- 10Y*
- 3.34%
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FCSPX vs. SMARX - Expense Ratio Comparison
FCSPX has a 0.00% expense ratio, which is lower than SMARX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FCSPX vs. SMARX — Risk / Return Rank
FCSPX
SMARX
FCSPX vs. SMARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Strategy Port (FCSPX) and Brandes Separately Managed Account Reserve Trust (SMARX). 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.
| FCSPX | SMARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.14 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.63 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.89 | -0.21 |
Martin ratioReturn relative to average drawdown | 5.54 | 6.07 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCSPX | SMARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.14 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.39 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.77 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.41 | +0.16 |
Correlation
The correlation between FCSPX and SMARX is 0.71, 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
FCSPX vs. SMARX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.38%, less than SMARX's 4.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.38% | 4.59% | 3.95% | 3.35% | 3.28% | 3.36% | 3.51% | 3.95% | 4.88% | 4.09% | 4.30% | 4.59% |
SMARX Brandes Separately Managed Account Reserve Trust | 4.71% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
Drawdowns
FCSPX vs. SMARX - Drawdown Comparison
The maximum FCSPX drawdown since its inception was -22.68%, smaller than the maximum SMARX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for FCSPX and SMARX.
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Drawdown Indicators
| FCSPX | SMARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -47.07% | +24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -2.63% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -16.20% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -22.68% | -16.20% | -6.48% |
Current DrawdownCurrent decline from peak | -2.71% | -1.99% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -7.02% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.82% | +0.15% |
Volatility
FCSPX vs. SMARX - Volatility Comparison
Federated Hermes Corporate Bond Strategy Port (FCSPX) has a higher volatility of 1.77% compared to Brandes Separately Managed Account Reserve Trust (SMARX) at 1.66%. This indicates that FCSPX's price experiences larger fluctuations and is considered to be riskier than SMARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSPX | SMARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.66% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.56% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 4.03% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 5.12% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 4.37% | +1.84% |