FGFAX vs. FGSAX
FGFAX (Federated Hermes International Leaders Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FGFAX is a Foreign Large Cap Equities fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FGFAX returned 9.59%/yr vs 14.50%/yr for FGSAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FGFAX charges 1.23%/yr vs 1.15%/yr for FGSAX.
Performance
FGFAX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FGFAX achieves a 6.73% return, which is significantly higher than FGSAX's -0.82% return. Over the past 10 years, FGFAX has underperformed FGSAX with an annualized return of 9.59%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
FGFAX
- 1D
- 2.86%
- 1M
- -0.78%
- 6M
- 0.45%
- YTD
- 6.73%
- 1Y
- 20.42%
- 3Y*
- 13.44%
- 5Y*
- 8.63%
- 10Y*
- 9.59%
- ALL TIME*
- 8.39%
FGSAX
- 1D
- 2.55%
- 1M
- -1.53%
- 6M
- 0.10%
- YTD
- -0.82%
- 1Y
- -1.90%
- 3Y*
- 15.49%
- 5Y*
- 7.87%
- 10Y*
- 14.50%
- ALL TIME*
- 10.02%
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 |
FGFAX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGFAX Federated Hermes International Leaders Fund | 6.73% | 36.95% | -1.27% | 16.99% | -9.06% | 4.81% | 15.46% | 26.69% | -20.81% | 27.98% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | -0.82% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
Correlation
The correlation between FGFAX and FGSAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1998 | 0.70 |
Over the past year, the correlation between FGFAX and FGSAX has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
FGFAX vs. FGSAX — Risk / Return Rank
FGFAX
FGSAX
FGFAX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Leaders Fund (FGFAX) 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.
| FGFAX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.10 | +1.94 |
| Martin ratioReturn relative to average drawdown | 6.35 | -0.25 | +6.60 |
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Drawdowns
FGFAX vs. FGSAX - Drawdown Comparison
The maximum FGFAX drawdown since its inception was -61.47%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FGFAX and FGSAX.
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Drawdown Indicators
| FGFAX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.47% | -66.17% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -13.73% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -24.51% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -29.30% | -35.79% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -37.19% | -0.80% |
Current DrawdownCurrent decline from peak | -2.55% | -5.42% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -16.10% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 5.33% | -1.88% |
Volatility
FGFAX vs. FGSAX - Volatility Comparison
Federated Hermes International Leaders Fund (FGFAX) has a higher volatility of 5.43% compared to Federated Hermes MDT Mid Cap Growth Fund (FGSAX) at 4.96%. This indicates that FGFAX's price experiences larger fluctuations and is considered to be riskier 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
| FGFAX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.96% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 13.47% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 17.81% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 22.54% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 22.29% | -4.97% |
FGFAX vs. FGSAX - Expense Ratio Comparison
FGFAX has a 1.23% expense ratio, which is higher than FGSAX's 1.15% expense ratio.
Dividends
FGFAX vs. FGSAX - Dividend Comparison
FGFAX's dividend yield for the trailing twelve months is around 8.47%, more than FGSAX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGFAX Federated Hermes International Leaders Fund | 8.47% | 9.04% | 3.77% | 2.97% | 4.10% | 15.16% | 0.09% | 2.35% | 2.81% | 0.39% | 2.13% | 1.42% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.96% | 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
FGFAX and FGSAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGFAX has higher volatility (5.43%) compared to FGSAX (4.96%). In terms of maximum drawdown, FGFAX dropped -61.47% vs FGSAX's -66.17%.
FGFAX currently has the higher Sharpe Ratio (1.32 vs -0.07), 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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