FHESX vs. FMIEX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes SDG Engagement Equity Fund (FHESX) and Wasatch Global Value Fund Investor Class Shares (FMIEX).

FHESX is managed by Federated. It was launched on Nov 5, 2018. FMIEX is managed by Wasatch. It was launched on Sep 25, 1996.

Performance

FHESX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes SDG Engagement Equity Fund (FHESX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

FHESX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHESX Federated Hermes SDG Engagement Equity Fund	-3.15%	0.59%	2.01%	18.31%	-18.47%	17.54%	8.33%	25.41%	-8.25%
FMIEX Wasatch Global Value Fund Investor Class Shares	6.04%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-8.10%

Returns By Period

In the year-to-date period, FHESX achieves a -3.15% return, which is significantly lower than FMIEX's 6.04% return.

FHESX

• 1D: -0.30%
• 1M: -11.20%
• YTD: -3.15%
• 6M: -7.28%
• 1Y: 3.76%
• 3Y*: 3.20%
• 5Y*: 1.13%
• 10Y*: —

FMIEX

• 1D: 0.60%
• 1M: -5.84%
• YTD: 6.04%
• 6M: 10.61%
• 1Y: 24.34%
• 3Y*: 16.68%
• 5Y*: 11.63%
• 10Y*: 11.03%

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

FHESX vs. FMIEX - Expense Ratio Comparison

FHESX has a 0.94% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

FMIEX

Wasatch Global Value Fund Investor Class Shares

FHESX

Federated Hermes SDG Engagement Equity Fund

Return for Risk

FHESX vs. FMIEX — Risk / Return Rank

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

FHESX

FHESX Risk / Return Rank: 7
FHESX Sharpe Ratio Rank: 7
FHESX Sortino Ratio Rank: 7
FHESX Omega Ratio Rank: 7
FHESX Calmar Ratio Rank: 7
FHESX Martin Ratio Rank: 7

FMIEX

FMIEX Risk / Return Rank: 92
FMIEX Sharpe Ratio Rank: 94
FMIEX Sortino Ratio Rank: 93
FMIEX Omega Ratio Rank: 91
FMIEX Calmar Ratio Rank: 91
FMIEX Martin Ratio Rank: 94

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.

FHESX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes SDG Engagement Equity Fund (FHESX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	FHESX	FMIEX	Difference
Sharpe ratio Return per unit of total volatility	0.11	2.14	-2.02
Sortino ratio Return per unit of downside risk	0.29	2.85	-2.57
Omega ratio Gain probability vs. loss probability	1.04	1.42	-0.38
Calmar ratio Return relative to maximum drawdown	0.06	2.57	-2.50
Martin ratio Return relative to average drawdown	0.21	11.99	-11.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHESX vs. FMIEX - Sharpe Ratio Comparison

The current FHESX Sharpe Ratio is 0.11, which is lower than the FMIEX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FHESX and FMIEX, 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

	FHESX	FMIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	2.14	-2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.92	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.58	-0.34

Correlation

The correlation between FHESX and FMIEX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FHESX vs. FMIEX - Dividend Comparison

FHESX has not paid dividends to shareholders, while FMIEX's dividend yield for the trailing twelve months is around 4.95%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHESX Federated Hermes SDG Engagement Equity Fund	0.00%	0.00%	2.00%	0.97%	0.37%	0.72%	0.88%	1.52%	0.00%	0.00%	0.00%	0.00%
FMIEX Wasatch Global Value Fund Investor Class Shares	4.95%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%

Drawdowns

FHESX vs. FMIEX - Drawdown Comparison

The maximum FHESX drawdown since its inception was -40.76%, smaller than the maximum FMIEX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for FHESX and FMIEX.

Drawdown Indicators

	FHESX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-40.76%	-49.85%	+9.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-9.34%	-3.99%
Max Drawdown (5Y) Largest decline over 5 years	-27.80%	-18.63%	-9.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-11.20%	-5.84%	-5.36%
Average Drawdown Average peak-to-trough decline	-7.60%	-6.61%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	2.04%	+2.38%

Volatility

FHESX vs. FMIEX - Volatility Comparison

Federated Hermes SDG Engagement Equity Fund (FHESX) has a higher volatility of 5.58% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 3.51%. This indicates that FHESX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHESX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.51%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	6.70%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	18.30%	11.81%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	12.77%	+4.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	15.73%	+4.09%