FHCOX vs. TSDUX
Compare and contrast key facts about Federated Hermes Conservative Microshort Fund (FHCOX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX).
FHCOX is managed by Federated. It was launched on Feb 2, 2021. TSDUX is managed by Morgan Stanley. It was launched on Mar 8, 2016.
Performance
FHCOX vs. TSDUX - Performance Comparison
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FHCOX vs. TSDUX - 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% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 0.25% | 3.24% | 6.04% | 5.94% | 0.41% | -0.22% |
Returns By Period
In the year-to-date period, FHCOX achieves a 0.49% return, which is significantly higher than TSDUX's 0.25% return.
FHCOX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.49%
- 6M
- 1.61%
- 1Y
- 4.11%
- 3Y*
- 4.79%
- 5Y*
- 3.26%
- 10Y*
- —
TSDUX
- 1D
- -0.31%
- 1M
- -0.20%
- YTD
- 0.25%
- 6M
- 0.56%
- 1Y
- 2.24%
- 3Y*
- 4.81%
- 5Y*
- 3.08%
- 10Y*
- 2.58%
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FHCOX vs. TSDUX - Expense Ratio Comparison
FHCOX has a 0.05% expense ratio, which is lower than TSDUX's 0.62% expense ratio.
Return for Risk
FHCOX vs. TSDUX — Risk / Return Rank
FHCOX
TSDUX
FHCOX vs. TSDUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX). 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 | TSDUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.11 | 1.65 | +1.47 |
Sortino ratioReturn per unit of downside risk | 11.22 | 2.29 | +8.93 |
Omega ratioGain probability vs. loss probability | 4.11 | 1.62 | +2.50 |
Calmar ratioReturn relative to maximum drawdown | 13.72 | 3.85 | +9.87 |
Martin ratioReturn relative to average drawdown | 53.04 | 17.51 | +35.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHCOX | TSDUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.11 | 1.65 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.31 | 2.87 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.30 | 2.38 | -0.08 |
Correlation
The correlation between FHCOX and TSDUX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FHCOX vs. TSDUX - Dividend Comparison
FHCOX's dividend yield for the trailing twelve months is around 4.12%, more than TSDUX's 2.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FHCOX Federated Hermes Conservative Microshort Fund | 4.12% | 4.61% | 4.99% | 4.17% | 1.26% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.11% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% |
Drawdowns
FHCOX vs. TSDUX - Drawdown Comparison
The maximum FHCOX drawdown since its inception was -0.59%, smaller than the maximum TSDUX drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for FHCOX and TSDUX.
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Drawdown Indicators
| FHCOX | TSDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.59% | -3.94% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.72% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -1.72% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.41% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.19% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.16% | -0.08% |
Volatility
FHCOX vs. TSDUX - Volatility Comparison
The current volatility for Federated Hermes Conservative Microshort Fund (FHCOX) is 0.18%, while Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) has a volatility of 0.39%. This indicates that FHCOX experiences smaller price fluctuations and is considered to be less risky than TSDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHCOX | TSDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.39% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 0.80% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 1.56% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 1.11% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.40% | 1.10% | +0.30% |