FEUGX vs. GSGOX

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes Adjustable Rate Fund (FEUGX) and Goldman Sachs Government Income Fund (GSGOX).

FEUGX is managed by Federated. It was launched on Dec 2, 1985. GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993.

Performance

FEUGX vs. GSGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Adjustable Rate Fund (FEUGX) and Goldman Sachs Government Income Fund (GSGOX). The values are adjusted to include any dividend payments, if applicable.

FEUGX vs. GSGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEUGX Federated Hermes Adjustable Rate Fund	0.80%	5.26%	4.81%	4.20%	-2.36%	-0.29%	0.96%	2.95%	1.66%	0.67%
GSGOX Goldman Sachs Government Income Fund	1.75%	6.58%	0.07%	4.07%	-13.16%	-2.47%	6.34%	5.77%	0.30%	1.74%

Returns By Period

FEUGX

• 1D: -0.11%
• 1M: -0.32%
• YTD: 0.80%
• 6M: 2.04%
• 1Y: 4.52%
• 3Y*: 4.53%
• 5Y*: 2.47%
• 10Y*: 1.88%

GSGOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEUGX vs. GSGOX - Expense Ratio Comparison

FEUGX has a 0.55% expense ratio, which is lower than GSGOX's 0.82% expense ratio.

GSGOX

Goldman Sachs Government Income Fund

FEUGX

Federated Hermes Adjustable Rate Fund

Return for Risk

FEUGX vs. GSGOX — Risk / Return Rank

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

FEUGX

FEUGX Risk / Return Rank: 99
FEUGX Sharpe Ratio Rank: 98
FEUGX Sortino Ratio Rank: 99
FEUGX Omega Ratio Rank: 99
FEUGX Calmar Ratio Rank: 99
FEUGX Martin Ratio Rank: 99

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.

FEUGX vs. GSGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Adjustable Rate Fund (FEUGX) and Goldman Sachs Government Income Fund (GSGOX). 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.

	FEUGX	GSGOX	Difference
Sharpe ratio Return per unit of total volatility	3.06	—	—
Sortino ratio Return per unit of downside risk	7.86	—	—
Omega ratio Gain probability vs. loss probability	2.73	—	—
Calmar ratio Return relative to maximum drawdown	9.44	—	—
Martin ratio Return relative to average drawdown	32.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FEUGX	GSGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	—	—

Correlation

The correlation between FEUGX and GSGOX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FEUGX vs. GSGOX - Dividend Comparison

FEUGX's dividend yield for the trailing twelve months is around 4.08%, more than GSGOX's 3.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUGX Federated Hermes Adjustable Rate Fund	4.08%	4.57%	4.36%	3.88%	1.11%	0.12%	1.06%	2.70%	1.75%	0.98%	0.67%	0.50%
GSGOX Goldman Sachs Government Income Fund	3.32%	3.03%	2.26%	2.09%	1.02%	2.30%	1.22%	2.03%	2.01%	1.73%	1.71%	1.53%

Drawdowns

Drawdown Indicators

	FEUGX	GSGOX	Difference
Max Drawdown Largest peak-to-trough decline	-18.32%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-3.17%	—	—
Current Drawdown Current decline from peak	-0.32%	—	—
Average Drawdown Average peak-to-trough decline	-1.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	—	—

Volatility

Volatility by Period

	FEUGX	GSGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.25%	—	—