FGSKX vs. FHYSX
FGSKX (Federated Hermes MDT Mid Cap Growth Fund Class R6) and FHYSX (Federated Hermes High-Yield Strategy Portfolio) are both mutual funds - FGSKX is a Mid Cap Growth Equities fund actively managed by Federated, while FHYSX is a High Yield Bonds fund managed by Federated. Over the past 10 years, FGSKX returned 14.83%/yr vs 4.94%/yr for FHYSX. Their 0.40 correlation means their historical movements had little consistent relationship. FGSKX charges 0.84%/yr vs 0.02%/yr for FHYSX.
Performance
FGSKX vs. FHYSX - Performance Comparison
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Returns By Period
In the year-to-date period, FGSKX achieves a -0.65% return, which is significantly lower than FHYSX's 0.96% return. Over the past 10 years, FGSKX has outperformed FHYSX with an annualized return of 14.83%, while FHYSX has yielded a comparatively lower 4.94% annualized 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%
FHYSX
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- 0.77%
- YTD
- 0.96%
- 1Y
- 4.60%
- 3Y*
- 7.42%
- 5Y*
- 3.07%
- 10Y*
- 4.94%
- ALL TIME*
- 4.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGSKX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6 | -0.65% | 10.90% | 33.36% | 27.45% | -24.38% | 22.74% | 35.92% | 28.35% | -3.00% | 24.68% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 0.96% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Correlation
The correlation between FGSKX and FHYSX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.40 |
The correlation between FGSKX and FHYSX shifts across timeframes, from 0.40 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FGSKX vs. FHYSX — Risk / Return Rank
FGSKX
FHYSX
FGSKX vs. FHYSX - 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 Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.12 | -2.19 |
| Martin ratioReturn relative to average drawdown | -0.18 | 10.39 | -10.57 |
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Drawdowns
FGSKX vs. FHYSX - Drawdown Comparison
The maximum FGSKX drawdown since its inception was -55.05%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FGSKX and FHYSX.
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Drawdown Indicators
| FGSKX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -21.45% | -33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -2.44% | -11.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -3.64% | -20.83% |
Max Drawdown (5Y)Largest decline over 5 years | -35.68% | -16.93% | -18.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -21.45% | -15.71% |
Current DrawdownCurrent decline from peak | -5.62% | -0.93% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -2.56% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 0.50% | +5.03% |
Volatility
FGSKX vs. FHYSX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) has a higher volatility of 4.98% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 0.53%. This indicates that FGSKX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSKX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 0.53% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 2.67% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 3.40% | +14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 5.24% | +17.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 5.72% | +16.62% |
FGSKX vs. FHYSX - Expense Ratio Comparison
FGSKX has a 0.84% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Dividends
FGSKX vs. FHYSX - Dividend Comparison
FGSKX's dividend yield for the trailing twelve months is around 5.40%, less than FHYSX's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.84% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Frequently Asked Questions
FGSKX and FHYSX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSKX has higher volatility (4.98%) compared to FHYSX (0.53%). In terms of maximum drawdown, FGSKX dropped -55.05% vs FHYSX's -21.45%.
FHYSX currently has the higher Sharpe Ratio (1.52 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.
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