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:
2.02
^GSPC:
2.06
FGSAX:
2.60
^GSPC:
2.74
FGSAX:
1.37
^GSPC:
1.38
FGSAX:
1.15
^GSPC:
3.13
FGSAX:
8.84
^GSPC:
12.84
FGSAX:
3.88%
^GSPC:
2.07%
FGSAX:
16.95%
^GSPC:
12.87%
FGSAX:
-68.55%
^GSPC:
-56.78%
FGSAX:
-7.88%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, FGSAX achieves a 4.47% return, which is significantly higher than ^GSPC's 1.96% return. Over the past 10 years, FGSAX has underperformed ^GSPC with an annualized return of 3.57%, while ^GSPC has yielded a comparatively higher 11.46% annualized return.
FGSAX
4.47%
3.96%
21.20%
31.82%
7.95%
3.57%
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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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 6.26% compared to S&P 500 (^GSPC) at 5.07%. 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.