FHUMX vs. JNVSX

Last updated Aug 5, 2026

FHUMX (Federated Hermes U.S. SMID Fund) and JNVSX (Jensen Quality Value Fund) are both mutual funds - FHUMX is a Mid Cap Blend Equities fund managed by Federated, while JNVSX is a Quality Factor fund managed by Jensen. Over the past 5 years, FHUMX returned 5.34%/yr vs 8.58%/yr for JNVSX. Their correlation of 0.80 means they have usually moved in the same direction. FHUMX charges 0.79%/yr vs 1.05%/yr for JNVSX.

Performance

FHUMX vs. JNVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes U.S. SMID Fund (FHUMX) and Jensen Quality Value Fund (JNVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHUMX achieves a 12.70% return, which is significantly higher than JNVSX's 4.50% return.

FHUMX

• 1D: 1.93%
• 1M: -1.31%
• 6M: 8.54%
• YTD: 12.70%
• 1Y: 10.23%
• 3Y*: 8.84%
• 5Y*: 5.34%
• 10Y*: —
• ALL TIME*: 11.56%

JNVSX

• 1D: 0.82%
• 1M: 2.51%
• 6M: 4.18%
• YTD: 4.50%
• 1Y: 0.72%
• 3Y*: 5.80%
• 5Y*: 8.58%
• 10Y*: 10.80%
• ALL TIME*: 10.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHUMX Federated Hermes U.S. SMID Fund	$0.00	$0.00	$0.00
JNVSX Jensen Quality Value Fund	$0.00	$0.00	$0.00

FHUMX vs. JNVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHUMX Federated Hermes U.S. SMID Fund	12.70%	-1.38%	9.90%	21.92%	-16.51%	22.94%	27.31%
JNVSX Jensen Quality Value Fund	4.50%	-2.58%	9.40%	18.58%	-15.83%	60.71%	24.06%

Correlation

The correlation between FHUMX and JNVSX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020	0.80

Over the past year, the correlation between FHUMX and JNVSX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FHUMX vs. JNVSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHUMX

FHUMX Risk / Return Rank: 15
FHUMX Sharpe Ratio Rank: 12
FHUMX Sortino Ratio Rank: 13
FHUMX Omega Ratio Rank: 12
FHUMX Calmar Ratio Rank: 19
FHUMX Martin Ratio Rank: 18

JNVSX

JNVSX Risk / Return Rank: 6
JNVSX Sharpe Ratio Rank: 5
JNVSX Sortino Ratio Rank: 6
JNVSX Omega Ratio Rank: 6
JNVSX Calmar Ratio Rank: 6
JNVSX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHUMX vs. JNVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. SMID Fund (FHUMX) and Jensen Quality Value Fund (JNVSX). 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	JNVSX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	0.20	+0.34
Sortino ratio: Return per unit of downside risk	0.92	0.40	+0.52
Omega ratio: Gain probability vs. loss probability	1.10	1.04	+0.06
Calmar ratio: Return relative to maximum drawdown	1.00	0.26	+0.74
Martin ratio: Return relative to average drawdown	2.70	0.46	+2.24

FHUMX vs. JNVSX - Sharpe Ratio Comparison

The current FHUMX Sharpe Ratio is 0.54, which is higher than the JNVSX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of FHUMX and JNVSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHUMX vs. JNVSX - Drawdown Comparison

The maximum FHUMX drawdown since its inception was -29.48%, smaller than the maximum JNVSX drawdown of -34.52%. Use the drawdown chart below to compare losses from any high point for FHUMX and JNVSX.

Drawdown Indicators

	FHUMX	JNVSX	Difference
Max Drawdown Largest peak-to-trough decline	-29.48%	-34.52%	+5.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-10.42%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-29.48%	-17.43%	-12.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.48%	-24.56%	-4.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.52%	—
Current Drawdown Current decline from peak	-4.57%	-4.42%	-0.15%
Average Drawdown Average peak-to-trough decline	-8.07%	-5.20%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	5.81%	-1.67%

Volatility

FHUMX vs. JNVSX - Volatility Comparison

Federated Hermes U.S. SMID Fund (FHUMX) and Jensen Quality Value Fund (JNVSX) have volatilities of 5.08% and 5.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHUMX	JNVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	5.26%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	10.32%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	13.51%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	20.56%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	19.22%	+1.99%

FHUMX vs. JNVSX - Expense Ratio Comparison

FHUMX has a 0.79% expense ratio, which is lower than JNVSX's 1.05% expense ratio.

Dividends

FHUMX vs. JNVSX - Dividend Comparison

FHUMX's dividend yield for the trailing twelve months is around 7.59%, less than JNVSX's 10.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHUMX Federated Hermes U.S. SMID Fund	7.59%	8.56%	0.93%	4.41%	2.77%	4.05%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%
JNVSX Jensen Quality Value Fund	10.77%	11.31%	6.15%	0.56%	2.69%	22.40%	1.27%	5.13%	6.15%	4.14%	1.34%	17.62%

Frequently Asked Questions

Can I hold both FHUMX and JNVSX in my portfolio?

FHUMX and JNVSX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHUMX or JNVSX?

JNVSX has higher volatility (5.26%) compared to FHUMX (5.08%). In terms of maximum drawdown, FHUMX dropped -29.48% vs JNVSX's -34.52%.

Which has better risk-adjusted returns?

FHUMX currently has the higher Sharpe Ratio (0.54 vs 0.20), 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.