FGSKX vs. DISV

Last updated Aug 1, 2026

FGSKX (Federated Hermes MDT Mid Cap Growth Fund Class R6) and DISV (Dimensional International Small Cap Value ETF) are both funds - FGSKX is a Mid Cap Growth Equities fund actively managed by Federated, while DISV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional. Both are actively managed. Over the past 3 years, FGSKX returned 15.86%/yr vs 22.91%/yr for DISV. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FGSKX charges 0.84%/yr vs 0.42%/yr for DISV.

Performance

FGSKX vs. DISV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) and Dimensional International Small Cap Value ETF (DISV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGSKX achieves a -0.65% return, which is significantly lower than DISV's 13.10% return.

FGSKX

• 1D: 2.57%
• 1M: -1.51%
• 6M: 0.27%
• YTD: -0.65%
• 1Y: -1.59%
• 3Y*: 15.86%
• 5Y*: 8.20%
• 10Y*: 14.83%
• ALL TIME*: 9.81%

DISV

• 1D: -0.52%
• 1M: 3.88%
• 6M: 6.01%
• YTD: 13.10%
• 1Y: 32.14%
• 3Y*: 22.91%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DISV Dimensional International Small Cap Value ETF	$15.18M	$14.28M	$13.10M
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6	$0.00	$0.00	$0.00

FGSKX vs. DISV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6	-0.65%	10.90%	33.36%	27.45%	-14.52%
DISV Dimensional International Small Cap Value ETF	13.10%	47.42%	5.87%	19.52%	-9.36%

Correlation

The correlation between FGSKX and DISV is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022	0.52

Over the past year, the correlation between FGSKX and DISV has dropped to 0.26 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

FGSKX vs. DISV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGSKX

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

DISV

DISV Risk / Return Rank: 82
DISV Sharpe Ratio Rank: 89
DISV Sortino Ratio Rank: 88
DISV Omega Ratio Rank: 87
DISV Calmar Ratio Rank: 74
DISV Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGSKX vs. DISV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) and Dimensional International Small Cap Value ETF (DISV). 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.

	FGSKX	DISV	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	2.17	-2.23
Sortino ratio: Return per unit of downside risk	0.05	3.00	-2.95
Omega ratio: Gain probability vs. loss probability	1.01	1.38	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.07	2.55	-2.62
Martin ratio: Return relative to average drawdown	-0.18	8.98	-9.16

FGSKX vs. DISV - Sharpe Ratio Comparison

The current FGSKX Sharpe Ratio is -0.06, which is lower than the DISV Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FGSKX and DISV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGSKX vs. DISV - Drawdown Comparison

The maximum FGSKX drawdown since its inception was -55.05%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for FGSKX and DISV.

Drawdown Indicators

	FGSKX	DISV	Difference
Max Drawdown Largest peak-to-trough decline	-55.05%	-26.77%	-28.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-12.69%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	-14.15%	-10.32%
Max Drawdown (5Y) Largest decline over 5 years	-35.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.16%	—	—
Current Drawdown Current decline from peak	-5.62%	-0.52%	-5.10%
Average Drawdown Average peak-to-trough decline	-10.81%	-4.84%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	3.60%	+1.93%

Volatility

FGSKX vs. DISV - Volatility Comparison

Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) has a higher volatility of 4.98% compared to Dimensional International Small Cap Value ETF (DISV) at 4.03%. This indicates that FGSKX's price experiences larger fluctuations and is considered to be riskier than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGSKX	DISV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	4.03%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	12.65%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	14.92%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	17.28%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	17.28%	+5.06%

FGSKX vs. DISV - Expense Ratio Comparison

FGSKX has a 0.84% expense ratio, which is higher than DISV's 0.42% expense ratio.

Dividends

FGSKX vs. DISV - Dividend Comparison

FGSKX's dividend yield for the trailing twelve months is around 5.40%, more than DISV's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DISV Dimensional International Small Cap Value ETF	2.44%	2.69%	2.77%	2.73%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6	5.40%	5.37%	4.70%	0.00%	2.52%	28.15%	7.60%	8.72%	15.47%	14.82%	0.89%	26.74%

Frequently Asked Questions

Can I hold both FGSKX and DISV in my portfolio?

FGSKX and DISV have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGSKX or DISV?

FGSKX has higher volatility (4.98%) compared to DISV (4.03%). In terms of maximum drawdown, FGSKX dropped -55.05% vs DISV's -26.77%.

Which has better risk-adjusted returns?

DISV currently has the higher Sharpe Ratio (2.17 vs -0.06), 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.