FHCOX vs. BEARX
FHCOX (Federated Hermes Conservative Microshort Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FHCOX is a Ultrashort Bond fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 5 years, FHCOX returned 3.48%/yr vs -11.02%/yr for BEARX. Their -0.05 correlation means they have often moved in opposite directions in the past. FHCOX charges 0.05%/yr vs 1.78%/yr for BEARX.
Performance
FHCOX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FHCOX achieves a 1.77% return, which is significantly higher than BEARX's -6.07% return.
FHCOX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.51%
- YTD
- 1.77%
- 1Y
- 3.92%
- 3Y*
- 4.73%
- 5Y*
- 3.48%
- 10Y*
- —
- ALL TIME*
- 3.26%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
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 |
FHCOX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FHCOX Federated Hermes Conservative Microshort Fund | 1.77% | 4.94% | 5.34% | 4.80% | 0.76% | 0.14% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -19.67% |
Correlation
The correlation between FHCOX and BEARX is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | -0.05 |
The correlation between FHCOX and BEARX shifts across timeframes, from -0.17 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FHCOX vs. BEARX — Risk / Return Rank
FHCOX
BEARX
FHCOX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) 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.
| FHCOX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.06 | ||
| Sortino ratioReturn per unit of downside risk | +12.15 | ||
| Omega ratioGain probability vs. loss probability | 3.84 | 0.86 | +2.97 |
| Calmar ratioReturn relative to maximum drawdown | 14.52 | -0.64 | +15.16 |
| Martin ratioReturn relative to average drawdown | 71.19 | -1.23 | +72.42 |
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Drawdowns
FHCOX vs. BEARX - Drawdown Comparison
The maximum FHCOX drawdown since its inception was -0.59%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FHCOX and BEARX.
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Drawdown Indicators
| FHCOX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.59% | -95.75% | +95.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -16.55% | +16.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.50% | -44.46% | +43.96% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -52.48% | +51.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -95.59% | +95.59% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -61.21% | +61.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 8.60% | -8.54% |
Volatility
FHCOX vs. BEARX - Volatility Comparison
The current volatility for Federated Hermes Conservative Microshort Fund (FHCOX) is 0.00%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 3.78%. This indicates that FHCOX 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
| FHCOX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.78% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.91% | 10.32% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 12.86% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.45% | 17.15% | -15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.39% | 16.71% | -15.32% |
FHCOX vs. BEARX - Expense Ratio Comparison
FHCOX has a 0.05% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FHCOX vs. BEARX - Dividend Comparison
FHCOX's dividend yield for the trailing twelve months is around 3.94%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
FHCOX Federated Hermes Conservative Microshort Fund | 3.94% | 4.61% | 4.99% | 4.17% | 1.26% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
FHCOX and BEARX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (3.78%) compared to FHCOX (0.00%). In terms of maximum drawdown, FHCOX dropped -0.59% vs BEARX's -95.75%.
FHCOX currently has the higher Sharpe Ratio (3.24 vs -0.83), 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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