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.
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
Key characteristics
FGSAX:
1.26
^GSPC:
1.62
FGSAX:
1.70
^GSPC:
2.20
FGSAX:
1.24
^GSPC:
1.30
FGSAX:
0.80
^GSPC:
2.46
FGSAX:
5.13
^GSPC:
10.01
FGSAX:
4.26%
^GSPC:
2.08%
FGSAX:
17.29%
^GSPC:
12.88%
FGSAX:
-68.55%
^GSPC:
-56.78%
FGSAX:
-9.93%
^GSPC:
-2.13%
Returns By Period
The year-to-date returns for both investments are quite close, with FGSAX having a 2.15% return and ^GSPC slightly higher at 2.24%. Over the past 10 years, FGSAX has underperformed ^GSPC with an annualized return of 2.74%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
FGSAX
2.15%
-4.61%
13.21%
19.56%
7.99%
2.74%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
FGSAX vs. ^GSPC — Risk-Adjusted Performance Rank
FGSAX
^GSPC
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 5.53% compared to S&P 500 (^GSPC) at 3.43%. 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.