FHCOX vs. TMPFX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Conservative Microshort Fund (FHCOX) and Tactical Multi-Purpose Fund (TMPFX).

FHCOX is managed by Federated. It was launched on Feb 2, 2021. TMPFX is managed by Fisher Investments. It was launched on Mar 30, 2017.

Performance

FHCOX vs. TMPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Conservative Microshort Fund (FHCOX) and Tactical Multi-Purpose Fund (TMPFX). The values are adjusted to include any dividend payments, if applicable.

FHCOX vs. TMPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FHCOX Federated Hermes Conservative Microshort Fund	0.49%	4.94%	5.34%	4.80%	0.76%	0.14%
TMPFX Tactical Multi-Purpose Fund	0.71%	3.71%	4.26%	3.90%	0.51%	-0.81%

Returns By Period

In the year-to-date period, FHCOX achieves a 0.49% return, which is significantly lower than TMPFX's 0.71% return.

FHCOX

• 1D: 0.10%
• 1M: -0.10%
• YTD: 0.49%
• 6M: 1.61%
• 1Y: 4.11%
• 3Y*: 4.79%
• 5Y*: 3.26%
• 10Y*: —

TMPFX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 0.71%
• 6M: 1.57%
• 1Y: 3.50%
• 3Y*: 3.96%
• 5Y*: 2.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHCOX vs. TMPFX - Expense Ratio Comparison

FHCOX has a 0.05% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

TMPFX

Tactical Multi-Purpose Fund

FHCOX

Federated Hermes Conservative Microshort Fund

Return for Risk

FHCOX vs. TMPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHCOX

FHCOX Risk / Return Rank: 99
FHCOX Sharpe Ratio Rank: 99
FHCOX Sortino Ratio Rank: 100
FHCOX Omega Ratio Rank: 100
FHCOX Calmar Ratio Rank: 100
FHCOX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHCOX vs. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) and Tactical Multi-Purpose Fund (TMPFX). 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.

	FHCOX	TMPFX	Difference
Sharpe ratio Return per unit of total volatility	3.29	6.59	-3.30
Sortino ratio Return per unit of downside risk	12.31	—	—
Omega ratio Gain probability vs. loss probability	4.41	—	—
Calmar ratio Return relative to maximum drawdown	15.09	—	—
Martin ratio Return relative to average drawdown	59.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHCOX vs. TMPFX - Sharpe Ratio Comparison

The current FHCOX Sharpe Ratio is 3.29, which is lower than the TMPFX Sharpe Ratio of 6.59. The chart below compares the historical Sharpe Ratios of FHCOX and TMPFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHCOX	TMPFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	6.59	-3.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.31	1.06	+1.25
Sharpe Ratio (All Time) Calculated using the full available price history	2.30	0.76	+1.54

Correlation

The correlation between FHCOX and TMPFX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FHCOX vs. TMPFX - Dividend Comparison

FHCOX's dividend yield for the trailing twelve months is around 4.12%, more than TMPFX's 3.78% yield.

	TTM	2025	2024	2023	2022	2021
FHCOX Federated Hermes Conservative Microshort Fund	4.12%	4.61%	4.99%	4.17%	1.26%	0.24%
TMPFX Tactical Multi-Purpose Fund	3.78%	3.81%	4.15%	3.90%	0.00%	0.00%

Drawdowns

FHCOX vs. TMPFX - Drawdown Comparison

The maximum FHCOX drawdown since its inception was -0.59%, smaller than the maximum TMPFX drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for FHCOX and TMPFX.

Drawdown Indicators

	FHCOX	TMPFX	Difference
Max Drawdown Largest peak-to-trough decline	-0.59%	-3.52%	+2.93%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	0.00%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-0.59%	-3.52%	+2.93%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.66%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.00%	+0.08%

Volatility

FHCOX vs. TMPFX - Volatility Comparison

Federated Hermes Conservative Microshort Fund (FHCOX) has a higher volatility of 0.20% compared to Tactical Multi-Purpose Fund (TMPFX) at 0.17%. This indicates that FHCOX's price experiences larger fluctuations and is considered to be riskier than TMPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHCOX	TMPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.20%	0.17%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	0.37%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	1.37%	0.55%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.41%	2.33%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.40%	1.83%	-0.43%