FFRSX vs. FGSAX
FFRSX (Federated Hermes Floating Rate Strat Inc Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FFRSX is a Bank Loan fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FFRSX returned 3.28%/yr vs 14.63%/yr for FGSAX. Their 0.25 correlation means their historical movements had little consistent relationship. FFRSX charges 0.68%/yr vs 1.15%/yr for FGSAX.
Performance
FFRSX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FFRSX achieves a 1.23% return, which is significantly higher than FGSAX's 0.92% return. Over the past 10 years, FFRSX has underperformed FGSAX with an annualized return of 3.28%, while FGSAX has yielded a comparatively higher 14.63% annualized return.
FFRSX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.25%
- YTD
- 1.23%
- 1Y
- 3.85%
- 3Y*
- 5.74%
- 5Y*
- 3.33%
- 10Y*
- 3.28%
- ALL TIME*
- 3.42%
FGSAX
- 1D
- 1.93%
- 1M
- 0.20%
- 6M
- 2.15%
- YTD
- 0.92%
- 1Y
- 0.22%
- 3Y*
- 17.86%
- 5Y*
- 7.92%
- 10Y*
- 14.63%
- ALL TIME*
- 10.07%
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 |
FFRSX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 1.23% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.54% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 0.92% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
Correlation
The correlation between FFRSX and FGSAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.25 |
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Return for Risk
FFRSX vs. FGSAX — Risk / Return Rank
FFRSX
FGSAX
FFRSX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) 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.
| FFRSX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.01 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | -0.01 | +3.51 |
| Martin ratioReturn relative to average drawdown | 12.02 | -0.03 | +12.05 |
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Drawdowns
FFRSX vs. FGSAX - Drawdown Comparison
The maximum FFRSX drawdown since its inception was -17.13%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FFRSX and FGSAX.
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Drawdown Indicators
| FFRSX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -66.17% | +49.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -13.73% | +12.66% |
Max Drawdown (3Y)Largest decline over 3 years | -1.45% | -24.51% | +23.06% |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | -35.79% | +28.25% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -37.19% | +20.06% |
Current DrawdownCurrent decline from peak | -0.12% | -3.76% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -16.10% | +15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 5.34% | -5.03% |
Volatility
FFRSX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) is 0.21%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 5.29%. This indicates that FFRSX 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
| FFRSX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 5.29% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 13.59% | -12.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 17.92% | -15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 22.55% | -20.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 22.29% | -19.05% |
FFRSX vs. FGSAX - Expense Ratio Comparison
FFRSX has a 0.68% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FFRSX vs. FGSAX - Dividend Comparison
FFRSX's dividend yield for the trailing twelve months is around 5.22%, more than FGSAX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.22% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.88% | 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
FFRSX and FGSAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (5.29%) compared to FFRSX (0.21%). In terms of maximum drawdown, FFRSX dropped -17.13% vs FGSAX's -66.17%.
FFRSX currently has the higher Sharpe Ratio (1.87 vs -0.01), 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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