FEUGX vs. DFFGX
FEUGX (Federated Hermes Adjustable Rate Fund) and DFFGX (DFA Short-Term Government Portfolio) are both Government Bonds funds. Over the past 10 years, FEUGX returned 1.97%/yr vs 1.18%/yr for DFFGX. At a 0.30 correlation, their price movements are largely independent. FEUGX charges 0.55%/yr vs 0.18%/yr for DFFGX.
Performance
FEUGX vs. DFFGX - Performance Comparison
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Returns By Period
In the year-to-date period, FEUGX achieves a 1.82% return, which is significantly higher than DFFGX's 1.38% return. Over the past 10 years, FEUGX has outperformed DFFGX with an annualized return of 1.97%, while DFFGX has yielded a comparatively lower 1.18% annualized return.
FEUGX
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 1.82%
- 6M
- 2.30%
- 1Y
- 5.12%
- 3Y*
- 4.77%
- 5Y*
- 2.68%
- 10Y*
- 1.97%
DFFGX
- 1D
- 0.00%
- 1M
- 0.10%
- YTD
- 1.38%
- 6M
- 1.48%
- 1Y
- 2.48%
- 3Y*
- 4.18%
- 5Y*
- 1.87%
- 10Y*
- 1.18%
FEUGX vs. DFFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEUGX Federated Hermes Adjustable Rate Fund | 1.82% | 5.26% | 4.81% | 4.20% | -2.36% | -0.29% | 0.96% | 2.95% | 1.66% | 0.67% |
DFFGX DFA Short-Term Government Portfolio | 1.38% | 3.12% | 5.29% | 5.01% | -4.41% | -1.27% | 0.39% | 2.52% | 1.17% | 0.51% |
Correlation
The correlation between FEUGX and DFFGX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 13, 1987 | 0.30 |
Over the past year, the correlation between FEUGX and DFFGX has dropped to 0.06 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
FEUGX vs. DFFGX — Risk / Return Rank
FEUGX
DFFGX
FEUGX vs. DFFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Adjustable Rate Fund (FEUGX) and DFA Short-Term Government Portfolio (DFFGX). 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.
| FEUGX | DFFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +9.10 | ||
| Omega ratioGain probability vs. loss probability | 3.76 | 2.23 | +1.53 |
| Calmar ratioReturn relative to maximum drawdown | 16.15 | 2.52 | +13.63 |
| Martin ratioReturn relative to average drawdown | 63.71 | 9.33 | +54.39 |
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Drawdowns
FEUGX vs. DFFGX - Drawdown Comparison
The maximum FEUGX drawdown since its inception was -18.32%, which is greater than DFFGX's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for FEUGX and DFFGX.
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Drawdown Indicators
| FEUGX | DFFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.32% | -6.49% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -1.00% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.64% | -1.19% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -3.05% | -6.49% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -3.17% | -6.49% | +3.32% |
Current DrawdownCurrent decline from peak | -0.11% | -0.20% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -0.77% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.27% | -0.19% |
Volatility
FEUGX vs. DFFGX - Volatility Comparison
The current volatility for Federated Hermes Adjustable Rate Fund (FEUGX) is 0.37%, while DFA Short-Term Government Portfolio (DFFGX) has a volatility of 0.42%. This indicates that FEUGX experiences smaller price fluctuations and is considered to be less risky than DFFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEUGX | DFFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.42% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 0.63% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.41% | 1.26% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.49% | 1.84% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.26% | 1.56% | -0.30% |
FEUGX vs. DFFGX - Expense Ratio Comparison
FEUGX has a 0.55% expense ratio, which is higher than DFFGX's 0.18% expense ratio.
Dividends
FEUGX vs. DFFGX - Dividend Comparison
FEUGX's dividend yield for the trailing twelve months is around 4.34%, more than DFFGX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFFGX DFA Short-Term Government Portfolio | 2.84% | 2.98% | 4.87% | 3.57% | 1.85% | 0.15% | 0.29% | 1.83% | 1.53% | 1.18% | 0.99% | 1.27% |
FEUGX Federated Hermes Adjustable Rate Fund | 4.34% | 4.57% | 4.36% | 3.88% | 1.11% | 0.12% | 1.06% | 2.70% | 1.75% | 0.98% | 0.67% | 0.50% |
Frequently Asked Questions
FEUGX and DFFGX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFFGX has higher volatility (0.42%) compared to FEUGX (0.37%). In terms of maximum drawdown, FEUGX dropped -18.32% vs DFFGX's -6.49%.
FEUGX currently has the higher Sharpe Ratio (3.65 vs 1.99), 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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