FGSAX vs. SVAIX

Last updated Jun 4, 2026

FGSAX (Federated Hermes MDT Mid Cap Growth Fund) and SVAIX (Federated Hermes Strategic Value Dividend Fund) are both mutual funds - FGSAX is a Mid Cap Growth Equities fund managed by Federated, while SVAIX is a Large Cap Value Equities fund managed by Federated. Over the past 10 years, FGSAX returned 15.12%/yr vs 8.12%/yr for SVAIX. A 0.59 correlation means they provide meaningful diversification when combined. FGSAX charges 1.15%/yr vs 0.81%/yr for SVAIX.

Performance

FGSAX vs. SVAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSAX achieves a 1.66% return, which is significantly lower than SVAIX's 8.76% return. Over the past 10 years, FGSAX has outperformed SVAIX with an annualized return of 15.12%, while SVAIX has yielded a comparatively lower 8.12% annualized return.

FGSAX

• 1D: -0.82%
• 1M: 2.76%
• YTD: 1.66%
• 6M: 2.62%
• 1Y: 5.40%
• 3Y*: 19.76%
• 5Y*: 10.98%
• 10Y*: 15.12%

SVAIX

• 1D: 0.44%
• 1M: -0.17%
• YTD: 8.76%
• 6M: 8.67%
• 1Y: 19.00%
• 3Y*: 15.48%
• 5Y*: 10.39%
• 10Y*: 8.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FGSAX vs. SVAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGSAX Federated Hermes MDT Mid Cap Growth Fund	1.66%	10.54%	32.97%	27.05%	-24.60%	22.39%	35.50%	27.95%	-3.23%	24.38%
SVAIX Federated Hermes Strategic Value Dividend Fund	8.76%	15.26%	16.47%	-1.81%	8.47%	21.52%	-7.88%	19.59%	-8.23%	15.10%

Correlation

The correlation between FGSAX and SVAIX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 29, 2005	0.59

Over the past year, the correlation between FGSAX and SVAIX has dropped to 0.04 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

FGSAX vs. SVAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGSAX

FGSAX Risk / Return Rank: 5
FGSAX Sharpe Ratio Rank: 4
FGSAX Sortino Ratio Rank: 5
FGSAX Omega Ratio Rank: 5
FGSAX Calmar Ratio Rank: 5
FGSAX Martin Ratio Rank: 5

SVAIX

SVAIX Risk / Return Rank: 70
SVAIX Sharpe Ratio Rank: 64
SVAIX Sortino Ratio Rank: 67
SVAIX Omega Ratio Rank: 51
SVAIX Calmar Ratio Rank: 93
SVAIX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGSAX vs. SVAIX - 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 Strategic Value Dividend Fund (SVAIX). 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	SVAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.32	2.35	-2.02
Sortino ratio: Return per unit of downside risk	0.59	3.42	-2.83
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.31
Calmar ratio: Return relative to maximum drawdown	0.40	5.20	-4.81
Martin ratio: Return relative to average drawdown	1.11	14.39	-13.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGSAX vs. SVAIX - Sharpe Ratio Comparison

The current FGSAX Sharpe Ratio is 0.32, which is lower than the SVAIX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of FGSAX and SVAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGSAX	SVAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	2.35	-2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.80	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.54	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.52	-0.03

Drawdowns

FGSAX vs. SVAIX - Drawdown Comparison

The maximum FGSAX drawdown since its inception was -66.17%, which is greater than SVAIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for FGSAX and SVAIX.

Drawdown Indicators

	FGSAX	SVAIX	Difference
Max Drawdown Largest peak-to-trough decline	-66.17%	-50.62%	-15.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-4.66%	-9.07%
Max Drawdown (3Y) Largest decline over 3 years	-24.51%	-12.64%	-11.87%
Max Drawdown (5Y) Largest decline over 5 years	-35.79%	-16.13%	-19.66%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-36.53%	-0.66%
Current Drawdown Current decline from peak	-3.06%	-3.25%	+0.19%
Average Drawdown Average peak-to-trough decline	-16.15%	-7.71%	-8.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	2.59%	+2.31%

Volatility

FGSAX vs. SVAIX - Volatility Comparison

Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Federated Hermes Strategic Value Dividend Fund (SVAIX) have volatilities of 3.54% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGSAX	SVAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.54%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	13.72%	7.32%	+6.40%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	10.33%	+6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	13.63%	+8.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	15.44%	+6.88%

FGSAX vs. SVAIX - Expense Ratio Comparison

FGSAX has a 1.15% expense ratio, which is higher than SVAIX's 0.81% expense ratio.

Dividends

FGSAX vs. SVAIX - Dividend Comparison

FGSAX's dividend yield for the trailing twelve months is around 4.84%, less than SVAIX's 6.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGSAX Federated Hermes MDT Mid Cap Growth Fund	4.84%	4.92%	4.32%	0.00%	2.31%	25.75%	7.07%	8.13%	14.46%	13.93%	0.89%	25.34%
SVAIX Federated Hermes Strategic Value Dividend Fund	6.05%	6.41%	7.58%	4.32%	9.68%	3.72%	4.28%	8.75%	8.54%	10.36%	5.24%	8.67%

Frequently Asked Questions

Can I hold both FGSAX and SVAIX in my portfolio?

FGSAX and SVAIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGSAX or SVAIX?

SVAIX has higher volatility (3.54%) compared to FGSAX (3.54%). In terms of maximum drawdown, FGSAX dropped -66.17% vs SVAIX's -50.62%.

Which has better risk-adjusted returns?

SVAIX currently has the higher Sharpe Ratio (2.35 vs 0.32), 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.