FGSAX vs. ^GSPC
Compare and contrast key facts about Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and S&P 500 (^GSPC).
FGSAX is managed by Federated. It was launched on Aug 23, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGSAX or ^GSPC.
Key characteristics
| FGSAX | ^GSPC | |
|---|---|---|
| YTD Return | 37.53% | 25.48% |
| 1Y Return | 51.25% | 33.14% |
| 3Y Return (Ann) | -1.06% | 8.55% |
| 5Y Return (Ann) | 8.20% | 13.96% |
| 10Y Return (Ann) | 2.47% | 11.39% |
| Sharpe Ratio | 3.65 | 2.91 |
| Sortino Ratio | 4.81 | 3.88 |
| Omega Ratio | 1.66 | 1.55 |
| Calmar Ratio | 1.53 | 4.20 |
| Martin Ratio | 24.04 | 18.80 |
| Ulcer Index | 2.32% | 1.90% |
| Daily Std Dev | 15.30% | 12.27% |
| Max Drawdown | -68.55% | -56.78% |
| Current Drawdown | -3.91% | -0.27% |
Correlation
The correlation between FGSAX and ^GSPC is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FGSAX vs. ^GSPC - Performance Comparison
In the year-to-date period, FGSAX achieves a 37.53% return, which is significantly higher than ^GSPC's 25.48% return. Over the past 10 years, FGSAX has underperformed ^GSPC with an annualized return of 2.47%, while ^GSPC has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FGSAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and S&P 500 (^GSPC). 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.
Drawdowns
FGSAX vs. ^GSPC - Drawdown Comparison
The maximum FGSAX drawdown since its inception was -68.55%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FGSAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FGSAX vs. ^GSPC - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a higher volatility of 5.26% compared to S&P 500 (^GSPC) at 3.75%. This indicates that FGSAX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.