FGSAX vs. FIHBX
Compare and contrast key facts about Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX).
FGSAX is managed by Federated. It was launched on Aug 23, 1984. FIHBX is managed by Federated. It was launched on Nov 1, 2002.
Performance
FGSAX vs. FIHBX - Performance Comparison
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FGSAX vs. FIHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | -6.56% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
Returns By Period
In the year-to-date period, FGSAX achieves a -6.56% return, which is significantly lower than FIHBX's -1.32% return. Over the past 10 years, FGSAX has outperformed FIHBX with an annualized return of 13.87%, while FIHBX has yielded a comparatively lower 5.15% annualized return.
FGSAX
- 1D
- 3.29%
- 1M
- -5.16%
- YTD
- -6.56%
- 6M
- -8.51%
- 1Y
- 11.71%
- 3Y*
- 16.75%
- 5Y*
- 9.60%
- 10Y*
- 13.87%
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
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FGSAX vs. FIHBX - Expense Ratio Comparison
FGSAX has a 1.15% expense ratio, which is higher than FIHBX's 0.50% expense ratio.
Return for Risk
FGSAX vs. FIHBX — Risk / Return Rank
FGSAX
FIHBX
FGSAX vs. FIHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX). 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.
| FGSAX | FIHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.60 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.97 | 2.30 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 2.50 | -1.84 |
Martin ratioReturn relative to average drawdown | 2.04 | 10.29 | -8.25 |
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
| FGSAX | FIHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.60 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.62 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.90 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.35 | -0.87 |
Correlation
The correlation between FGSAX and FIHBX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FGSAX vs. FIHBX - Dividend Comparison
FGSAX's dividend yield for the trailing twelve months is around 5.27%, less than FIHBX's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 5.27% | 4.92% | 4.32% | 0.00% | 2.31% | 25.75% | 7.07% | 8.13% | 14.46% | 13.93% | 0.89% | 25.34% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
Drawdowns
FGSAX vs. FIHBX - Drawdown Comparison
The maximum FGSAX drawdown since its inception was -66.17%, which is greater than FIHBX's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for FGSAX and FIHBX.
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Drawdown Indicators
| FGSAX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.17% | -31.05% | -35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -2.49% | -11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -35.79% | -16.35% | -19.44% |
Max Drawdown (10Y)Largest decline over 10 years | -37.19% | -21.67% | -15.52% |
Current DrawdownCurrent decline from peak | -10.89% | -1.78% | -9.11% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -2.31% | -13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 0.60% | +3.81% |
Volatility
FGSAX vs. FIHBX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a higher volatility of 6.50% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 1.50%. This indicates that FGSAX's price experiences larger fluctuations and is considered to be riskier than FIHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSAX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 1.50% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 2.56% | +11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 3.80% | +16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 5.15% | +17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.32% | 5.76% | +16.56% |