FGSKX vs. FHYTX
FGSKX (Federated Hermes MDT Mid Cap Growth Fund Class R6) and FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) are both mutual funds - FGSKX is a Mid Cap Growth Equities fund actively managed by Federated, while FHYTX is a High Yield Bonds fund managed by Federated. Over the past 10 years, FGSKX returned 14.83%/yr vs 5.97%/yr for FHYTX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FGSKX charges 0.84%/yr vs 0.98%/yr for FHYTX.
Performance
FGSKX vs. FHYTX - 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 FHYTX's 1.32% return. Over the past 10 years, FGSKX has outperformed FHYTX with an annualized return of 14.83%, while FHYTX has yielded a comparatively lower 5.97% 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%
FHYTX
- 1D
- 0.31%
- 1M
- -0.46%
- 6M
- 1.19%
- YTD
- 1.32%
- 1Y
- 4.57%
- 3Y*
- 7.28%
- 5Y*
- 2.99%
- 10Y*
- 5.97%
- ALL TIME*
- 6.13%
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. FHYTX - 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% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 1.32% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
Correlation
The correlation between FGSKX and FHYTX is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2006 | 0.56 |
The correlation between FGSKX and FHYTX has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
FGSKX vs. FHYTX — Risk / Return Rank
FGSKX
FHYTX
FGSKX vs. FHYTX - 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 Opportunistic High Yield Bond Fund (FHYTX). 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 | FHYTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.77 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.18 | 8.19 | -8.38 |
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Drawdowns
FGSKX vs. FHYTX - Drawdown Comparison
The maximum FGSKX drawdown since its inception was -55.05%, which is greater than FHYTX's maximum drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for FGSKX and FHYTX.
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Drawdown Indicators
| FGSKX | FHYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -34.98% | -20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -2.76% | -11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -4.12% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.68% | -17.04% | -18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -24.18% | -12.98% |
Current DrawdownCurrent decline from peak | -5.62% | -0.62% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -4.51% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 0.60% | +4.93% |
Volatility
FGSKX vs. FHYTX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) has a higher volatility of 4.98% compared to Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) at 0.72%. This indicates that FGSKX's price experiences larger fluctuations and is considered to be riskier than FHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSKX | FHYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 0.72% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 2.86% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 3.64% | +14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 5.66% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 7.22% | +15.12% |
FGSKX vs. FHYTX - Expense Ratio Comparison
FGSKX has a 0.84% expense ratio, which is lower than FHYTX's 0.98% expense ratio.
Dividends
FGSKX vs. FHYTX - Dividend Comparison
FGSKX's dividend yield for the trailing twelve months is around 5.40%, more than FHYTX's 4.79% 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% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.79% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
Frequently Asked Questions
FGSKX and FHYTX have a correlation of 0.59, 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 FHYTX (0.72%). In terms of maximum drawdown, FGSKX dropped -55.05% vs FHYTX's -34.98%.
FHYTX currently has the higher Sharpe Ratio (1.35 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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