FHUMX vs. BEARX
FHUMX (Federated Hermes U.S. SMID Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FHUMX is a Mid Cap Blend Equities fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 5 years, FHUMX returned 4.98%/yr vs -11.42%/yr for BEARX. Their -0.72 correlation means they have often moved in opposite directions in the past. FHUMX charges 0.79%/yr vs 1.78%/yr for BEARX.
Performance
FHUMX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FHUMX achieves a 10.57% return, which is significantly higher than BEARX's -8.18% return.
FHUMX
- 1D
- -0.06%
- 1M
- -3.17%
- 6M
- 6.42%
- YTD
- 10.57%
- 1Y
- 8.63%
- 3Y*
- 7.07%
- 5Y*
- 4.98%
- 10Y*
- —
- ALL TIME*
- 11.23%
BEARX
- 1D
- -1.42%
- 1M
- -1.42%
- 6M
- -6.95%
- YTD
- -8.18%
- 1Y
- -13.40%
- 3Y*
- -15.02%
- 5Y*
- -11.42%
- 10Y*
- -14.29%
- ALL TIME*
- -2.61%
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 |
FHUMX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FHUMX Federated Hermes U.S. SMID Fund | 10.57% | -1.38% | 9.90% | 21.92% | -16.51% | 22.94% | 27.31% |
BEARX Federated Hermes Prudent Bear Fd | -8.18% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -19.71% |
Correlation
The correlation between FHUMX and BEARX is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | -0.72 |
Over the past year, the inverse relationship between FHUMX and BEARX has weakened: their correlation has moved from -0.72 to -0.38, meaning they move in opposite directions less often than they have historically.
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Return for Risk
FHUMX vs. BEARX — Risk / Return Rank
FHUMX
BEARX
FHUMX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. SMID Fund (FHUMX) 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.
| FHUMX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.83 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.80 | +1.61 |
| Martin ratioReturn relative to average drawdown | 2.18 | -1.52 | +3.70 |
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Drawdowns
FHUMX vs. BEARX - Drawdown Comparison
The maximum FHUMX drawdown since its inception was -29.48%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FHUMX and BEARX.
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Drawdown Indicators
| FHUMX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.48% | -95.75% | +66.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -16.55% | +4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -44.46% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.48% | -52.48% | +23.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.22% | — |
Current DrawdownCurrent decline from peak | -6.37% | -95.69% | +89.32% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -61.22% | +53.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 8.70% | -4.57% |
Volatility
FHUMX vs. BEARX - Volatility Comparison
Federated Hermes U.S. SMID Fund (FHUMX) has a higher volatility of 4.90% compared to Federated Hermes Prudent Bear Fd (BEARX) at 4.13%. This indicates that FHUMX'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
| FHUMX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.13% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 10.44% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 12.96% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 17.16% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 16.73% | +4.47% |
FHUMX vs. BEARX - Expense Ratio Comparison
FHUMX has a 0.79% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FHUMX vs. BEARX - Dividend Comparison
FHUMX's dividend yield for the trailing twelve months is around 7.74%, more than BEARX's 7.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.31% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
FHUMX Federated Hermes U.S. SMID Fund | 7.74% | 8.56% | 0.93% | 4.41% | 2.77% | 4.05% | 0.08% | 0.00% |
Frequently Asked Questions
FHUMX and BEARX have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHUMX has higher volatility (4.90%) compared to BEARX (4.13%). In terms of maximum drawdown, FHUMX dropped -29.48% vs BEARX's -95.75%.
FHUMX currently has the higher Sharpe Ratio (0.43 vs -1.02), 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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