FFRSX vs. MXFIX
Compare and contrast key facts about Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and MainStay Floating Rate Fund (MXFIX).
FFRSX is managed by Federated. It was launched on Dec 2, 2010. MXFIX is managed by New York Life. It was launched on May 2, 2004.
Performance
FFRSX vs. MXFIX - Performance Comparison
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FFRSX vs. MXFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | -0.72% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.54% |
MXFIX MainStay Floating Rate Fund | -1.50% | 5.47% | 7.80% | 11.43% | -1.27% | 3.40% | 2.65% | 8.46% | -0.41% | 4.06% |
Returns By Period
In the year-to-date period, FFRSX achieves a -0.72% return, which is significantly higher than MXFIX's -1.50% return. Over the past 10 years, FFRSX has underperformed MXFIX with an annualized return of 3.41%, while MXFIX has yielded a comparatively higher 4.58% annualized return.
FFRSX
- 1D
- 0.00%
- 1M
- -0.12%
- YTD
- -0.72%
- 6M
- 0.69%
- 1Y
- 3.97%
- 3Y*
- 5.64%
- 5Y*
- 3.17%
- 10Y*
- 3.41%
MXFIX
- 1D
- 0.00%
- 1M
- -0.24%
- YTD
- -1.50%
- 6M
- -0.46%
- 1Y
- 3.58%
- 3Y*
- 6.54%
- 5Y*
- 4.76%
- 10Y*
- 4.58%
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FFRSX vs. MXFIX - Expense Ratio Comparison
FFRSX has a 0.68% expense ratio, which is lower than MXFIX's 0.74% expense ratio.
Return for Risk
FFRSX vs. MXFIX — Risk / Return Rank
FFRSX
MXFIX
FFRSX vs. MXFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and MainStay Floating Rate Fund (MXFIX). 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.
| FFRSX | MXFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.39 | +0.37 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.21 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.66 | 1.42 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.87 | +1.19 |
Martin ratioReturn relative to average drawdown | 11.21 | 6.17 | +5.04 |
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
| FFRSX | MXFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.39 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.80 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 1.21 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.21 | -0.02 |
Correlation
The correlation between FFRSX and MXFIX is 0.59, 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
FFRSX vs. MXFIX - Dividend Comparison
FFRSX's dividend yield for the trailing twelve months is around 5.61%, less than MXFIX's 6.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.61% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
MXFIX MainStay Floating Rate Fund | 6.82% | 7.41% | 7.49% | 7.50% | 4.51% | 2.90% | 3.46% | 4.87% | 4.85% | 4.09% | 3.75% | 3.95% |
Drawdowns
FFRSX vs. MXFIX - Drawdown Comparison
The maximum FFRSX drawdown since its inception was -17.13%, smaller than the maximum MXFIX drawdown of -25.01%. Use the drawdown chart below to compare losses from any high point for FFRSX and MXFIX.
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Drawdown Indicators
| FFRSX | MXFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -25.01% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -2.06% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | -6.34% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -20.09% | +2.96% |
Current DrawdownCurrent decline from peak | -0.83% | -1.61% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -1.22% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.62% | -0.24% |
Volatility
FFRSX vs. MXFIX - Volatility Comparison
The current volatility for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) is 0.63%, while MainStay Floating Rate Fund (MXFIX) has a volatility of 0.82%. This indicates that FFRSX experiences smaller price fluctuations and is considered to be less risky than MXFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRSX | MXFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.82% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.83% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 2.89% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 2.66% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 3.81% | -0.57% |