FICMX vs. VSBSX
FICMX (Federated Hermes Government Income Fund) and VSBSX (Vanguard Short-Term Treasury Index Fund Admiral Shares) are both Government Bonds funds. Over the past 10 years, FICMX returned 0.69%/yr vs 1.75%/yr for VSBSX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FICMX charges 0.63%/yr vs 0.06%/yr for VSBSX.
Performance
FICMX vs. VSBSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FICMX achieves a -0.68% return, which is significantly lower than VSBSX's 0.81% return. Over the past 10 years, FICMX has underperformed VSBSX with an annualized return of 0.69%, while VSBSX has yielded a comparatively higher 1.75% annualized return.
FICMX
- 1D
- 0.00%
- 1M
- -1.22%
- 6M
- -1.07%
- YTD
- -0.68%
- 1Y
- 4.05%
- 3Y*
- 3.32%
- 5Y*
- -0.63%
- 10Y*
- 0.69%
- ALL TIME*
- 3.55%
VSBSX
- 1D
- 0.05%
- 1M
- 0.15%
- 6M
- 0.61%
- YTD
- 0.81%
- 1Y
- 2.66%
- 3Y*
- 4.39%
- 5Y*
- 1.92%
- 10Y*
- 1.75%
- ALL TIME*
- 1.41%
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 |
FICMX vs. VSBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICMX Federated Hermes Government Income Fund | -0.68% | 8.81% | -0.16% | 3.08% | -11.94% | -1.58% | 4.26% | 5.77% | 0.58% | 1.91% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 0.81% | 5.08% | 4.39% | 4.23% | -3.87% | -0.69% | 3.09% | 3.51% | 1.52% | 0.35% |
Correlation
The correlation between FICMX and VSBSX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.61 |
Over the past year, the correlation between FICMX and VSBSX has dropped to 0.41 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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
FICMX vs. VSBSX — Risk / Return Rank
FICMX
VSBSX
FICMX vs. VSBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Government Income Fund (FICMX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). 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.
| FICMX | VSBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.74 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.62 | 14.92 | -11.30 |
Loading charts...
Drawdowns
FICMX vs. VSBSX - Drawdown Comparison
The maximum FICMX drawdown since its inception was -19.81%, which is greater than VSBSX's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for FICMX and VSBSX.
Loading charts...
Drawdown Indicators
| FICMX | VSBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.81% | -5.77% | -14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -0.84% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -0.84% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -5.77% | -13.46% |
Max Drawdown (10Y)Largest decline over 10 years | -19.81% | -5.77% | -14.04% |
Current DrawdownCurrent decline from peak | -3.88% | 0.00% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -0.59% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.21% | +0.91% |
Volatility
FICMX vs. VSBSX - Volatility Comparison
Federated Hermes Government Income Fund (FICMX) has a higher volatility of 1.18% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.36%. This indicates that FICMX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FICMX | VSBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.36% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 0.99% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 1.30% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 1.96% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 1.54% | +3.62% |
FICMX vs. VSBSX - Expense Ratio Comparison
FICMX has a 0.63% expense ratio, which is higher than VSBSX's 0.06% expense ratio.
Dividends
FICMX vs. VSBSX - Dividend Comparison
FICMX's dividend yield for the trailing twelve months is around 3.48%, which matches VSBSX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICMX Federated Hermes Government Income Fund | 3.48% | 3.67% | 2.90% | 2.22% | 1.39% | 0.72% | 1.37% | 2.21% | 2.46% | 2.39% | 2.09% | 2.39% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 3.47% | 3.98% | 4.50% | 3.29% | 1.12% | 0.63% | 1.72% | 2.26% | 1.80% | 1.10% | 0.76% | 0.71% |
Frequently Asked Questions
FICMX and VSBSX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FICMX has higher volatility (1.18%) compared to VSBSX (0.36%). In terms of maximum drawdown, FICMX dropped -19.81% vs VSBSX's -5.77%.
VSBSX currently has the higher Sharpe Ratio (2.41 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 FICMX and VSBSX
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