FHUMX vs. KAUFX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes U.S. SMID Fund (FHUMX) and Federated Hermes Kaufmann Fd (KAUFX).

FHUMX is managed by Federated. It was launched on Jul 5, 2020. KAUFX is managed by Federated. It was launched on Feb 21, 1986.

Performance

FHUMX vs. KAUFX - Performance Comparison

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

FHUMX vs. KAUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHUMX Federated Hermes U.S. SMID Fund	-2.98%	-1.38%	9.90%	21.92%	-16.51%	22.94%	27.31%
KAUFX Federated Hermes Kaufmann Fd	-12.10%	12.18%	29.84%	14.88%	-30.30%	2.46%	14.94%

Returns By Period

In the year-to-date period, FHUMX achieves a -2.98% return, which is significantly higher than KAUFX's -12.10% return.

FHUMX

• 1D: -1.09%
• 1M: -11.58%
• YTD: -2.98%
• 6M: -5.96%
• 1Y: 5.41%
• 3Y*: 6.06%
• 5Y*: 3.94%
• 10Y*: —

KAUFX

• 1D: -1.00%
• 1M: -12.26%
• YTD: -12.10%
• 6M: -12.45%
• 1Y: 8.18%
• 3Y*: 13.08%
• 5Y*: 1.76%
• 10Y*: 10.30%

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

FHUMX vs. KAUFX - Expense Ratio Comparison

FHUMX has a 0.79% expense ratio, which is lower than KAUFX's 1.96% expense ratio.

KAUFX

Federated Hermes Kaufmann Fd

FHUMX

Federated Hermes U.S. SMID Fund

Return for Risk

FHUMX vs. KAUFX — Risk / Return Rank

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

FHUMX

FHUMX Risk / Return Rank: 7
FHUMX Sharpe Ratio Rank: 7
FHUMX Sortino Ratio Rank: 8
FHUMX Omega Ratio Rank: 8
FHUMX Calmar Ratio Rank: 6
FHUMX Martin Ratio Rank: 5

KAUFX

KAUFX Risk / Return Rank: 13
KAUFX Sharpe Ratio Rank: 12
KAUFX Sortino Ratio Rank: 13
KAUFX Omega Ratio Rank: 13
KAUFX Calmar Ratio Rank: 13
KAUFX Martin Ratio Rank: 14

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.

FHUMX vs. KAUFX - 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 Kaufmann Fd (KAUFX). 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.

	FHUMX	KAUFX	Difference
Sharpe ratio Return per unit of total volatility	0.16	0.29	-0.13
Sortino ratio Return per unit of downside risk	0.41	0.54	-0.13
Omega ratio Gain probability vs. loss probability	1.05	1.08	-0.02
Calmar ratio Return relative to maximum drawdown	-0.04	0.33	-0.36
Martin ratio Return relative to average drawdown	-0.13	1.33	-1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHUMX vs. KAUFX - Sharpe Ratio Comparison

The current FHUMX Sharpe Ratio is 0.16, which is lower than the KAUFX Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of FHUMX and KAUFX, 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

	FHUMX	KAUFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.29	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.09	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.56	-0.10

Correlation

The correlation between FHUMX and KAUFX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FHUMX vs. KAUFX - Dividend Comparison

FHUMX's dividend yield for the trailing twelve months is around 8.82%, less than KAUFX's 12.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHUMX Federated Hermes U.S. SMID Fund	8.82%	8.56%	0.93%	4.41%	2.77%	4.05%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%
KAUFX Federated Hermes Kaufmann Fd	12.24%	10.76%	22.39%	1.89%	0.00%	9.77%	6.94%	11.75%	15.74%	11.76%	10.48%	16.34%

Drawdowns

FHUMX vs. KAUFX - Drawdown Comparison

The maximum FHUMX drawdown since its inception was -29.48%, smaller than the maximum KAUFX drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for FHUMX and KAUFX.

Drawdown Indicators

	FHUMX	KAUFX	Difference
Max Drawdown Largest peak-to-trough decline	-29.48%	-54.66%	+25.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-14.83%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-29.48%	-40.76%	+11.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.76%	—
Current Drawdown Current decline from peak	-15.23%	-14.83%	-0.40%
Average Drawdown Average peak-to-trough decline	-8.27%	-11.23%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	3.65%	+1.37%

Volatility

FHUMX vs. KAUFX - Volatility Comparison

Federated Hermes U.S. SMID Fund (FHUMX) and Federated Hermes Kaufmann Fd (KAUFX) have volatilities of 5.99% and 6.03%, 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	KAUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	6.03%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	14.56%	12.83%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	24.69%	19.11%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	20.85%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	20.73%	+0.32%