FGSAX vs. IVFIX
FGSAX (Federated Hermes MDT Mid Cap Growth Fund) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both mutual funds - FGSAX is a Mid Cap Growth Equities fund managed by Federated, while IVFIX is a Foreign Large Cap Equities fund managed by Federated. Over the past 10 years, FGSAX returned 14.70%/yr vs 7.22%/yr for IVFIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FGSAX charges 1.15%/yr vs 0.86%/yr for IVFIX.
Performance
FGSAX vs. IVFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGSAX achieves a -0.99% return, which is significantly lower than IVFIX's 11.54% return. Over the past 10 years, FGSAX has outperformed IVFIX with an annualized return of 14.70%, while IVFIX has yielded a comparatively lower 7.22% annualized return.
FGSAX
- 1D
- -0.17%
- 1M
- -1.70%
- 6M
- 0.22%
- YTD
- -0.99%
- 1Y
- -2.07%
- 3Y*
- 15.56%
- 5Y*
- 7.83%
- 10Y*
- 14.70%
- ALL TIME*
- 10.02%
IVFIX
- 1D
- -0.60%
- 1M
- 2.69%
- 6M
- 7.03%
- YTD
- 11.54%
- 1Y
- 23.84%
- 3Y*
- 15.19%
- 5Y*
- 10.39%
- 10Y*
- 7.22%
- ALL TIME*
- 3.96%
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 |
FGSAX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | -0.99% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 11.54% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Correlation
The correlation between FGSAX and IVFIX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2008 | 0.58 |
Over the past year, the correlation between FGSAX and IVFIX has dropped to 0.13 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGSAX vs. IVFIX — Risk / Return Rank
FGSAX
IVFIX
FGSAX vs. IVFIX - 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 International Strategic Value Dividend Fund (IVFIX). 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.
| FGSAX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.45 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 4.20 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.43 | 9.64 | -10.07 |
Loading charts...
Drawdowns
FGSAX vs. IVFIX - Drawdown Comparison
The maximum FGSAX drawdown since its inception was -66.17%, which is greater than IVFIX's maximum drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for FGSAX and IVFIX.
Loading charts...
Drawdown Indicators
| FGSAX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.17% | -51.49% | -14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -6.97% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.51% | -10.75% | -13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -35.79% | -21.29% | -14.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.19% | -33.46% | -3.73% |
Current DrawdownCurrent decline from peak | -5.58% | -0.96% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -11.55% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 2.82% | +2.52% |
Volatility
FGSAX vs. IVFIX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a higher volatility of 4.94% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 3.27%. This indicates that FGSAX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGSAX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.27% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 9.73% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 12.09% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 13.13% | +9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 14.56% | +7.73% |
FGSAX vs. IVFIX - Expense Ratio Comparison
FGSAX has a 1.15% expense ratio, which is higher than IVFIX's 0.86% expense ratio.
Dividends
FGSAX vs. IVFIX - Dividend Comparison
FGSAX's dividend yield for the trailing twelve months is around 4.97%, more than IVFIX's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.97% | 4.92% | 4.32% | 0.00% | 2.31% | 25.75% | 7.07% | 8.13% | 14.46% | 13.93% | 0.89% | 25.34% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.54% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
Frequently Asked Questions
FGSAX and IVFIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (4.94%) compared to IVFIX (3.27%). In terms of maximum drawdown, FGSAX dropped -66.17% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (2.43 vs -0.13), 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.
Find the right allocation for FGSAX and IVFIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer