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:
0.48
^GSPC:
0.46
FGSAX:
0.82
^GSPC:
0.77
FGSAX:
1.12
^GSPC:
1.11
FGSAX:
0.44
^GSPC:
0.47
FGSAX:
1.38
^GSPC:
1.94
FGSAX:
8.71%
^GSPC:
4.61%
FGSAX:
25.11%
^GSPC:
19.44%
FGSAX:
-68.55%
^GSPC:
-56.78%
FGSAX:
-16.33%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, FGSAX achieves a -5.11% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, FGSAX has underperformed ^GSPC with an annualized return of 2.04%, while ^GSPC has yielded a comparatively higher 10.15% annualized return.
FGSAX
-5.11%
0.13%
-1.70%
11.84%
8.90%
2.04%
^GSPC
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
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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 16.79% compared to S&P 500 (^GSPC) at 14.23%. 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.