FHUMX vs. SMMD
FHUMX (Federated Hermes U.S. SMID Fund) and SMMD (iShares Russell 2500 ETF) are both funds - FHUMX is a Mid Cap Blend Equities fund managed by Federated, while SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index. Over the past 5 years, FHUMX returned 5.78%/yr vs 7.64%/yr for SMMD. Their correlation of 0.91 suggests significant overlap in exposure. FHUMX charges 0.79%/yr vs 0.15%/yr for SMMD.
Performance
FHUMX vs. SMMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHUMX achieves a 11.99% return, which is significantly lower than SMMD's 18.37% return.
FHUMX
- 1D
- 1.94%
- 1M
- 3.95%
- YTD
- 11.99%
- 6M
- 10.24%
- 1Y
- 14.82%
- 3Y*
- 10.67%
- 5Y*
- 5.78%
- 10Y*
- —
SMMD
- 1D
- -0.63%
- 1M
- 4.41%
- YTD
- 18.37%
- 6M
- 18.20%
- 1Y
- 36.03%
- 3Y*
- 18.53%
- 5Y*
- 7.64%
- 10Y*
- —
FHUMX vs. SMMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FHUMX Federated Hermes U.S. SMID Fund | 11.99% | -1.38% | 9.90% | 21.92% | -16.51% | 22.94% | 27.31% |
SMMD iShares Russell 2500 ETF | 18.37% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 35.31% |
Correlation
The correlation between FHUMX and SMMD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | 0.91 |
The correlation between FHUMX and SMMD shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHUMX vs. SMMD — Risk / Return Rank
FHUMX
SMMD
FHUMX vs. SMMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. SMID Fund (FHUMX) and iShares Russell 2500 ETF (SMMD). 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 | SMMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.75 | -2.17 |
| Martin ratioReturn relative to average drawdown | 4.64 | 14.29 | -9.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FHUMX | SMMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.11 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.37 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.50 | +0.07 |
Drawdowns
FHUMX vs. SMMD - Drawdown Comparison
The maximum FHUMX drawdown since its inception was -29.48%, smaller than the maximum SMMD drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for FHUMX and SMMD.
Loading charts...
Drawdown Indicators
| FHUMX | SMMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.48% | -41.06% | +11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -9.66% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -25.50% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.48% | -28.26% | -1.22% |
Current DrawdownCurrent decline from peak | -2.14% | -0.63% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -8.37% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.53% | +1.33% |
Volatility
FHUMX vs. SMMD - Volatility Comparison
Federated Hermes U.S. SMID Fund (FHUMX) has a higher volatility of 5.70% compared to iShares Russell 2500 ETF (SMMD) at 5.17%. This indicates that FHUMX's price experiences larger fluctuations and is considered to be riskier than SMMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHUMX | SMMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.17% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 12.58% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.42% | 17.20% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 20.82% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 22.37% | -1.32% |
FHUMX vs. SMMD - Expense Ratio Comparison
FHUMX has a 0.79% expense ratio, which is higher than SMMD's 0.15% expense ratio.
Dividends
FHUMX vs. SMMD - Dividend Comparison
FHUMX's dividend yield for the trailing twelve months is around 7.64%, more than SMMD's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FHUMX Federated Hermes U.S. SMID Fund | 7.64% | 8.56% | 0.93% | 4.41% | 2.77% | 4.05% | 0.08% | 0.00% | 0.00% | 0.00% |
SMMD iShares Russell 2500 ETF | 1.05% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% |
Frequently Asked Questions
FHUMX and SMMD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHUMX has higher volatility (5.70%) compared to SMMD (5.17%). In terms of maximum drawdown, FHUMX dropped -29.48% vs SMMD's -41.06%.
SMMD currently has the higher Sharpe Ratio (2.11 vs 0.94), 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.
Find the right allocation for FHUMX and SMMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer