FIDPX vs. BEARX

Last updated Jun 24, 2026

FIDPX (Federated Hermes International Dividend Strategy Portfolio) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FIDPX is a Foreign Large Cap Equities fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, FIDPX returned 7.90%/yr vs -14.72%/yr for BEARX. At a correlation of -0.52, they often move in opposite directions. FIDPX charges 0.00%/yr vs 1.78%/yr for BEARX.

Performance

FIDPX vs. BEARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Dividend Strategy Portfolio (FIDPX) and Federated Hermes Prudent Bear Fd (BEARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDPX achieves a 2.74% return, which is significantly higher than BEARX's -7.65% return. Over the past 10 years, FIDPX has outperformed BEARX with an annualized return of 7.90%, while BEARX has yielded a comparatively lower -14.72% annualized return.

FIDPX

• 1D: -0.09%
• 1M: -0.97%
• YTD: 2.74%
• 6M: 3.14%
• 1Y: 10.57%
• 3Y*: 12.41%
• 5Y*: 8.51%
• 10Y*: 7.90%

BEARX

• 1D: 0.29%
• 1M: 0.29%
• YTD: -7.65%
• 6M: -7.74%
• 1Y: -16.97%
• 3Y*: -15.79%
• 5Y*: -11.91%
• 10Y*: -14.72%

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

FIDPX vs. BEARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDPX Federated Hermes International Dividend Strategy Portfolio	2.74%	34.77%	-2.40%	15.20%	-3.10%	6.20%	6.81%	22.76%	-9.16%	13.54%
BEARX Federated Hermes Prudent Bear Fd	-7.65%	-12.42%	-20.34%	-18.67%	17.78%	-23.78%	-22.95%	-19.95%	-5.96%	-15.76%

Correlation

The correlation between FIDPX and BEARX is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (5Y) Calculated over the trailing 5-year period	-0.44
Correlation (10Y) Calculated over the trailing 10-year period	-0.50
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015	-0.52

Over the past year, the inverse relationship between FIDPX and BEARX has weakened: their correlation has moved from -0.52 to -0.10, meaning they move in opposite directions less often than they have historically.

Return for Risk

FIDPX vs. BEARX — Risk / Return Rank

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

FIDPX

FIDPX Risk / Return Rank: 12
FIDPX Sharpe Ratio Rank: 13
FIDPX Sortino Ratio Rank: 12
FIDPX Omega Ratio Rank: 13
FIDPX Calmar Ratio Rank: 13
FIDPX Martin Ratio Rank: 10

BEARX

BEARX Risk / Return Rank: 0
BEARX Sharpe Ratio Rank: 0
BEARX Sortino Ratio Rank: 0
BEARX Omega Ratio Rank: 0
BEARX Calmar Ratio Rank: 0
BEARX Martin Ratio Rank: 0

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.

FIDPX vs. BEARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Dividend Strategy Portfolio (FIDPX) and Federated Hermes Prudent Bear Fd (BEARX). 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.

	FIDPX	BEARX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	-1.46	+2.40
Sortino ratio: Return per unit of downside risk	1.33	-2.13	+3.46
Omega ratio: Gain probability vs. loss probability	1.18	0.74	+0.43
Calmar ratio: Return relative to maximum drawdown	1.14	-0.96	+2.10
Martin ratio: Return relative to average drawdown	2.67	-1.77	+4.44

FIDPX vs. BEARX - Sharpe Ratio Comparison

The current FIDPX Sharpe Ratio is 0.93, which is higher than the BEARX Sharpe Ratio of -1.46. The chart below compares the historical Sharpe Ratios of FIDPX and BEARX, 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

FIDPX vs. BEARX - Drawdown Comparison

The maximum FIDPX drawdown since its inception was -31.28%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FIDPX and BEARX.

Drawdown Indicators

	FIDPX	BEARX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-95.75%	+64.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-18.63%	+8.38%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-44.46%	+32.50%
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	-52.48%	+29.23%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	-80.48%	+49.20%
Current Drawdown Current decline from peak	-8.61%	-95.66%	+87.05%
Average Drawdown Average peak-to-trough decline	-6.35%	-61.09%	+54.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	11.03%	-6.72%

Volatility

FIDPX vs. BEARX - Volatility Comparison

The current volatility for Federated Hermes International Dividend Strategy Portfolio (FIDPX) is 3.27%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 5.28%. This indicates that FIDPX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDPX	BEARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	5.28%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	9.97%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	12.28%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	17.09%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	16.75%	-1.73%

FIDPX vs. BEARX - Expense Ratio Comparison

FIDPX has a 0.00% expense ratio, which is lower than BEARX's 1.78% expense ratio.

Dividends

FIDPX vs. BEARX - Dividend Comparison

FIDPX's dividend yield for the trailing twelve months is around 4.87%, less than BEARX's 7.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEARX Federated Hermes Prudent Bear Fd	7.27%	6.71%	0.00%	13.32%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%	0.00%	0.00%
FIDPX Federated Hermes International Dividend Strategy Portfolio	4.87%	3.48%	5.12%	4.47%	4.38%	4.54%	3.91%	4.32%	5.23%	4.63%	4.65%	3.92%

Frequently Asked Questions

Can I hold both FIDPX and BEARX in my portfolio?

FIDPX and BEARX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDPX or BEARX?

BEARX has higher volatility (5.28%) compared to FIDPX (3.27%). In terms of maximum drawdown, FIDPX dropped -31.28% vs BEARX's -95.75%.

Which has better risk-adjusted returns?

FIDPX currently has the higher Sharpe Ratio (0.93 vs -1.46), 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.