FHESX vs. BEARX
FHESX (Federated Hermes SDG Engagement Equity Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FHESX is a Global Equities fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 5 years, FHESX returned 2.75%/yr vs -11.02%/yr for BEARX. Their -0.75 correlation means they have often moved in opposite directions in the past. FHESX charges 0.94%/yr vs 1.78%/yr for BEARX.
Performance
FHESX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FHESX achieves a 10.68% return, which is significantly higher than BEARX's -6.07% return.
FHESX
- 1D
- 1.82%
- 1M
- -0.66%
- 6M
- 5.88%
- YTD
- 10.68%
- 1Y
- 8.69%
- 3Y*
- 5.54%
- 5Y*
- 2.75%
- 10Y*
- —
- ALL TIME*
- 6.32%
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 |
FHESX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHESX Federated Hermes SDG Engagement Equity Fund | 10.68% | 0.59% | 2.01% | 18.31% | -18.47% | 17.54% | 8.33% | 25.41% | -8.25% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | 8.26% |
Correlation
The correlation between FHESX and BEARX is -0.39, 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. | -0.39 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | -0.75 |
Over the past year, the inverse relationship between FHESX and BEARX has weakened: their correlation has moved from -0.75 to -0.39, meaning they move in opposite directions less often than they have historically.
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Return for Risk
FHESX vs. BEARX — Risk / Return Rank
FHESX
BEARX
FHESX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes SDG Engagement Equity Fund (FHESX) 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.
| FHESX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.86 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.64 | +1.42 |
| Martin ratioReturn relative to average drawdown | 2.07 | -1.23 | +3.30 |
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Drawdowns
FHESX vs. BEARX - Drawdown Comparison
The maximum FHESX drawdown since its inception was -40.76%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FHESX and BEARX.
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Drawdown Indicators
| FHESX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.76% | -95.75% | +54.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -16.55% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -44.46% | +21.58% |
Max Drawdown (5Y)Largest decline over 5 years | -27.80% | -52.48% | +24.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.22% | — |
Current DrawdownCurrent decline from peak | -1.37% | -95.59% | +94.22% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -61.21% | +53.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 8.60% | -4.52% |
Volatility
FHESX vs. BEARX - Volatility Comparison
Federated Hermes SDG Engagement Equity Fund (FHESX) has a higher volatility of 3.98% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.78%. This indicates that FHESX's price experiences larger fluctuations and is considered to be riskier 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
| FHESX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.78% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 10.32% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 12.86% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 17.15% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.70% | 16.71% | +2.99% |
FHESX vs. BEARX - Expense Ratio Comparison
FHESX has a 0.94% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FHESX vs. BEARX - Dividend Comparison
FHESX has not paid dividends to shareholders, while BEARX's dividend yield for the trailing twelve months is around 7.15%.
| 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% |
FHESX Federated Hermes SDG Engagement Equity Fund | 0.00% | 0.00% | 2.00% | 0.97% | 0.37% | 0.72% | 0.88% | 1.52% |
Frequently Asked Questions
FHESX and BEARX have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHESX has higher volatility (3.98%) compared to BEARX (3.78%). In terms of maximum drawdown, FHESX dropped -40.76% vs BEARX's -95.75%.
FHESX currently has the higher Sharpe Ratio (0.55 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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