FGUSX vs. BEARX
FGUSX (Federated Hermes Government Ultrashort Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FGUSX is a Ultrashort Bond fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 3 years, FGUSX returned 4.67%/yr vs -15.79%/yr for BEARX. At a correlation of -0.10, they often move in opposite directions. FGUSX charges 0.26%/yr vs 1.78%/yr for BEARX.
Performance
FGUSX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FGUSX achieves a 1.49% return, which is significantly higher than BEARX's -7.65% return.
FGUSX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.49%
- 6M
- 1.97%
- 1Y
- 4.69%
- 3Y*
- 4.67%
- 5Y*
- —
- 10Y*
- —
BEARX
- 1D
- 0.29%
- 1M
- 0.29%
- YTD
- -7.65%
- 6M
- -7.74%
- 1Y
- -16.97%
- 3Y*
- -15.79%
- 5Y*
- -11.91%
- 10Y*
- -14.72%
FGUSX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGUSX Federated Hermes Government Ultrashort Fund | 1.49% | 5.22% | 4.67% | 4.61% | 0.33% |
BEARX Federated Hermes Prudent Bear Fd | -7.65% | -12.42% | -20.34% | -18.67% | 0.25% |
Correlation
The correlation between FGUSX and BEARX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2022 | -0.10 |
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Return for Risk
FGUSX vs. BEARX — Risk / Return Rank
FGUSX
BEARX
FGUSX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Government Ultrashort Fund (FGUSX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| FGUSX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.74 | ||
| Sortino ratioReturn per unit of downside risk | +12.01 | ||
| Omega ratioGain probability vs. loss probability | 3.15 | 0.74 | +2.41 |
| Calmar ratioReturn relative to maximum drawdown | 15.48 | -0.96 | +16.44 |
| Martin ratioReturn relative to average drawdown | 59.80 | -1.77 | +61.57 |
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Drawdowns
FGUSX vs. BEARX - Drawdown Comparison
The maximum FGUSX drawdown since its inception was -0.31%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FGUSX and BEARX.
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Drawdown Indicators
| FGUSX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -95.75% | +95.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -18.63% | +18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.31% | -44.46% | +44.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.48% | — |
Current DrawdownCurrent decline from peak | -0.10% | -95.66% | +95.56% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -61.09% | +61.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 11.03% | -10.95% |
Volatility
FGUSX vs. BEARX - Volatility Comparison
The current volatility for Federated Hermes Government Ultrashort Fund (FGUSX) is 0.40%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 5.28%. This indicates that FGUSX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGUSX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 5.28% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 9.97% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 12.28% | -10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.56% | 17.09% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 16.75% | -15.19% |
FGUSX vs. BEARX - Expense Ratio Comparison
FGUSX has a 0.26% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FGUSX vs. BEARX - Dividend Comparison
FGUSX's dividend yield for the trailing twelve months is around 4.37%, less than BEARX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.27% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
FGUSX Federated Hermes Government Ultrashort Fund | 4.37% | 4.66% | 4.56% | 4.70% | 0.33% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGUSX and BEARX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (5.28%) compared to FGUSX (0.40%). In terms of maximum drawdown, FGUSX dropped -0.31% vs BEARX's -95.75%.
FGUSX currently has the higher Sharpe Ratio (3.28 vs -1.46), 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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