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FHUMX vs. SWMCX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHUMX vs. SWMCX

Last updated Jun 24, 2026

FHUMX (Federated Hermes U.S. SMID Fund) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, FHUMX returned 6.59%/yr vs 8.43%/yr for SWMCX. Their correlation of 0.92 suggests significant overlap in exposure. FHUMX charges 0.79%/yr vs 0.04%/yr for SWMCX.

Performance

FHUMX vs. SWMCX - Performance Comparison

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

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Returns By Period

In the year-to-date period, FHUMX achieves a 16.11% return, which is significantly higher than SWMCX's 13.97% return.

FHUMX

1D
1.05%
1M
6.93%
YTD
16.11%
6M
13.53%
1Y
18.89%
3Y*
11.51%
5Y*
6.59%
10Y*
—

SWMCX

1D
0.49%
1M
3.34%
YTD
13.97%
6M
12.48%
1Y
22.52%
3Y*
17.51%
5Y*
8.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHUMX vs. SWMCX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FHUMX
Federated Hermes U.S. SMID Fund		16.11%-1.38%9.90%21.92%-16.51%22.94%27.31%
SWMCX
Schwab U.S. Mid-Cap Index Fund		13.97%10.54%15.28%17.20%-17.31%22.55%28.85%

Correlation

The correlation between FHUMX and SWMCX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

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 2, 2020

0.92

The correlation between FHUMX and SWMCX has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Federated Hermes U.S. SMID Fund

Schwab U.S. Mid-Cap Index Fund

Often compared with FHUMX:
FHUMX vs. SMMDFHUMX vs. JNVSXFHUMX vs. DSMFXFHUMX vs. FZFLXFHUMX vs. QAMNXFHUMX vs. FHYTXFHUMX vs. BEARX
Often compared with SWMCX:
SWMCX vs. SCHMSWMCX vs. VIMAXSWMCX vs. SWPPXSWMCX vs. SPMDSWMCX vs. IVOOSWMCX vs. SCHDSWMCX vs. SCHB

Return for Risk

FHUMX vs. SWMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHUMX
FHUMX Risk / Return Rank: 2121
Overall Rank
FHUMX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
FHUMX Sortino Ratio Rank: 1818
Sortino Ratio Rank
FHUMX Omega Ratio Rank: 1616
Omega Ratio Rank
FHUMX Calmar Ratio Rank: 3030
Calmar Ratio Rank
FHUMX Martin Ratio Rank: 2626
Martin Ratio Rank
SWMCX
SWMCX Risk / Return Rank: 4848
Overall Rank
SWMCX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SWMCX Sortino Ratio Rank: 4040
Sortino Ratio Rank
SWMCX Omega Ratio Rank: 3636
Omega Ratio Rank
SWMCX Calmar Ratio Rank: 6363
Calmar Ratio Rank
SWMCX Martin Ratio Rank: 5959
Martin Ratio Rank
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. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. SMID Fund (FHUMX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

FHUMXSWMCXDifference
Sharpe ratioReturn per unit of total volatility
1.08
1.71

-0.63

Sortino ratioReturn per unit of downside risk
1.63
2.44

-0.81

Omega ratioGain probability vs. loss probability

1.19

1.30

-0.11

Calmar ratioReturn relative to maximum drawdown

1.93

2.90

-0.97

Martin ratioReturn relative to average drawdown

5.65

11.06

-5.41

FHUMX vs. SWMCX - Sharpe Ratio Comparison

The current FHUMX Sharpe Ratio is 1.08, which is lower than the SWMCX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of FHUMX and SWMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FHUMX vs. SWMCX - Drawdown Comparison

The maximum FHUMX drawdown since its inception was -29.48%, smaller than the maximum SWMCX drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for FHUMX and SWMCX.

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Drawdown Indicators

FHUMXSWMCXDifference

Max Drawdown

Largest peak-to-trough decline

-29.48%

-40.34%

+10.86%

Max Drawdown (1Y)

Largest decline over 1 year

-11.58%

-8.15%

-3.43%

Max Drawdown (3Y)

Largest decline over 3 years

-29.48%

-21.07%

-8.41%

Max Drawdown (5Y)

Largest decline over 5 years

-29.48%

-26.09%

-3.39%

Current Drawdown

Current decline from peak

0.00%

-0.24%

+0.24%

Average Drawdown

Average peak-to-trough decline

-8.14%

-6.60%

-1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

2.13%

+1.69%

Volatility

FHUMX vs. SWMCX - Volatility Comparison

Federated Hermes U.S. SMID Fund (FHUMX) has a higher volatility of 8.37% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 4.42%. This indicates that FHUMX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FHUMXSWMCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.37%

4.42%

+3.95%

Volatility (6M)

Calculated over the trailing 6-month period

16.12%

10.48%

+5.64%

Volatility (1Y)

Calculated over the trailing 1-year period

20.78%

13.85%

+6.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.46%

18.31%

+3.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.19%

20.62%

+0.57%

FHUMX vs. SWMCX - Expense Ratio Comparison

FHUMX has a 0.79% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

Dividends

FHUMX vs. SWMCX - Dividend Comparison

FHUMX's dividend yield for the trailing twelve months is around 7.37%, more than SWMCX's 1.87% yield.

PositionTTM20252024202320222021202020192018
FHUMX
Federated Hermes U.S. SMID Fund		7.37%8.56%0.93%4.41%2.77%4.05%0.08%0.00%0.00%
SWMCX
Schwab U.S. Mid-Cap Index Fund		1.87%2.13%2.60%1.49%1.59%2.93%1.45%2.44%1.41%

Frequently Asked Questions

FHUMX and SWMCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHUMX has higher volatility (8.37%) compared to SWMCX (4.42%). In terms of maximum drawdown, FHUMX dropped -29.48% vs SWMCX's -40.34%.

SWMCX currently has the higher Sharpe Ratio (1.71 vs 1.08), 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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