FGSAX vs. PIPAX
FGSAX (Federated Hermes MDT Mid Cap Growth Fund) and PIPAX (PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A) are both mutual funds - FGSAX is a Mid Cap Growth Equities fund managed by Federated, while PIPAX is a Foreign Large Cap Equities fund managed by PIMCO. Over the past 10 years, FGSAX returned 14.50%/yr vs 11.60%/yr for PIPAX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.15% expense ratio.
Performance
FGSAX vs. PIPAX - Performance Comparison
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Returns By Period
In the year-to-date period, FGSAX achieves a -0.82% return, which is significantly lower than PIPAX's 12.53% return. Over the past 10 years, FGSAX has outperformed PIPAX with an annualized return of 14.50%, while PIPAX has yielded a comparatively lower 11.60% annualized return.
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%
PIPAX
- 1D
- 0.77%
- 1M
- -0.54%
- 6M
- 8.64%
- YTD
- 12.53%
- 1Y
- 19.76%
- 3Y*
- 15.77%
- 5Y*
- 11.44%
- 10Y*
- 11.60%
- ALL TIME*
- 9.91%
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. PIPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 12.53% | 16.57% | 14.37% | 21.29% | -9.30% | 18.02% | 3.78% | 25.94% | -10.40% | 18.30% |
Correlation
The correlation between FGSAX and PIPAX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2003 | 0.60 |
Over the past year, the correlation between FGSAX and PIPAX has dropped to 0.30 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
FGSAX vs. PIPAX — Risk / Return Rank
FGSAX
PIPAX
FGSAX vs. PIPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX). 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 | PIPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.65 | -1.75 |
| Martin ratioReturn relative to average drawdown | -0.25 | 5.70 | -5.95 |
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Drawdowns
FGSAX vs. PIPAX - Drawdown Comparison
The maximum FGSAX drawdown since its inception was -66.17%, which is greater than PIPAX's maximum drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for FGSAX and PIPAX.
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Drawdown Indicators
| FGSAX | PIPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.17% | -57.80% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -10.72% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.51% | -15.24% | -9.27% |
Max Drawdown (5Y)Largest decline over 5 years | -35.79% | -19.17% | -16.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.19% | -35.55% | -1.64% |
Current DrawdownCurrent decline from peak | -5.42% | -1.19% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -7.31% | -8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 3.10% | +2.23% |
Volatility
FGSAX vs. PIPAX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a higher volatility of 4.96% compared to PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) at 3.44%. This indicates that FGSAX's price experiences larger fluctuations and is considered to be riskier than PIPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSAX | PIPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 3.44% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 11.66% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 15.03% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.54% | 14.33% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 14.43% | +7.86% |
FGSAX vs. PIPAX - Expense Ratio Comparison
Both FGSAX and PIPAX have an expense ratio of 1.15%.
Dividends
FGSAX vs. PIPAX - Dividend Comparison
FGSAX's dividend yield for the trailing twelve months is around 4.96%, less than PIPAX's 5.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 5.39% | 5.61% | 12.69% | 10.56% | 10.66% | 7.59% | 1.44% | 11.71% | 8.25% | 7.38% | 0.78% | 8.16% |
Frequently Asked Questions
FGSAX and PIPAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (4.96%) compared to PIPAX (3.44%). In terms of maximum drawdown, FGSAX dropped -66.17% vs PIPAX's -57.80%.
PIPAX currently has the higher Sharpe Ratio (1.18 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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