FHCOX vs. NUSIX
FHCOX (Federated Hermes Conservative Microshort Fund) and NUSIX (Navigator Ultra Short Term Bond Fund) are both Ultrashort Bond funds. Over the past 5 years, FHCOX returned 3.44%/yr vs 3.70%/yr for NUSIX. At a 0.05 correlation, their price movements are largely independent. FHCOX charges 0.05%/yr vs 0.71%/yr for NUSIX.
Performance
FHCOX vs. NUSIX - Performance Comparison
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Returns By Period
In the year-to-date period, FHCOX achieves a 1.43% return, which is significantly lower than NUSIX's 1.66% return.
FHCOX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.43%
- 6M
- 1.80%
- 1Y
- 4.38%
- 3Y*
- 4.94%
- 5Y*
- 3.44%
- 10Y*
- —
NUSIX
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.66%
- 6M
- 1.76%
- 1Y
- 4.16%
- 3Y*
- 5.01%
- 5Y*
- 3.70%
- 10Y*
- —
FHCOX vs. NUSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FHCOX Federated Hermes Conservative Microshort Fund | 1.43% | 4.94% | 5.34% | 4.80% | 0.76% | 0.14% |
NUSIX Navigator Ultra Short Term Bond Fund | 1.66% | 4.63% | 5.54% | 5.64% | 1.14% | 0.16% |
Correlation
The correlation between FHCOX and NUSIX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.05 |
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Return for Risk
FHCOX vs. NUSIX — Risk / Return Rank
FHCOX
NUSIX
FHCOX vs. NUSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) and Navigator Ultra Short Term Bond Fund (NUSIX). 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 | NUSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -17.22 | ||
| Omega ratioGain probability vs. loss probability | 3.87 | 18.48 | -14.61 |
| Calmar ratioReturn relative to maximum drawdown | 14.64 | 42.21 | -27.57 |
| Martin ratioReturn relative to average drawdown | 74.33 | 329.78 | -255.45 |
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Drawdowns
FHCOX vs. NUSIX - Drawdown Comparison
The maximum FHCOX drawdown since its inception was -0.59%, smaller than the maximum NUSIX drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for FHCOX and NUSIX.
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Drawdown Indicators
| FHCOX | NUSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.59% | -2.69% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.10% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -0.50% | -0.10% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -0.80% | +0.21% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.08% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.01% | +0.05% |
Volatility
FHCOX vs. NUSIX - Volatility Comparison
Federated Hermes Conservative Microshort Fund (FHCOX) has a higher volatility of 0.45% compared to Navigator Ultra Short Term Bond Fund (NUSIX) at 0.16%. This indicates that FHCOX's price experiences larger fluctuations and is considered to be riskier than NUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHCOX | NUSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.16% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 0.42% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 0.61% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 0.77% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.40% | 0.83% | +0.57% |
FHCOX vs. NUSIX - Expense Ratio Comparison
FHCOX has a 0.05% expense ratio, which is lower than NUSIX's 0.71% expense ratio.
Dividends
FHCOX vs. NUSIX - Dividend Comparison
FHCOX's dividend yield for the trailing twelve months is around 4.39%, more than NUSIX's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FHCOX Federated Hermes Conservative Microshort Fund | 4.39% | 4.61% | 4.99% | 4.17% | 1.26% | 0.24% | 0.00% | 0.00% |
NUSIX Navigator Ultra Short Term Bond Fund | 4.16% | 4.25% | 5.23% | 4.92% | 1.74% | 0.66% | 1.08% | 1.99% |
Frequently Asked Questions
FHCOX and NUSIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHCOX has higher volatility (0.45%) compared to NUSIX (0.16%). In terms of maximum drawdown, FHCOX dropped -0.59% vs NUSIX's -2.69%.
NUSIX currently has the higher Sharpe Ratio (6.80 vs 3.24), 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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