FIGTX vs. GSMIX
FIGTX (Federated Hermes Short-Intermediate Government Fund) and GSMIX (Goldman Sachs Dynamic Municipal Income Fund) are both mutual funds - FIGTX is a Government Bonds fund managed by Federated, while GSMIX is a Municipal Bonds fund managed by Goldman Sachs. Over the past 10 years, FIGTX returned 0.80%/yr vs 2.22%/yr for GSMIX. Their 0.49 correlation means their historical movements had little consistent relationship. FIGTX charges 0.59%/yr vs 0.73%/yr for GSMIX.
Performance
FIGTX vs. GSMIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIGTX achieves a -0.73% return, which is significantly lower than GSMIX's 0.75% return. Over the past 10 years, FIGTX has underperformed GSMIX with an annualized return of 0.80%, while GSMIX has yielded a comparatively higher 2.22% annualized return.
FIGTX
- 1D
- 0.00%
- 1M
- -0.62%
- 6M
- -0.80%
- YTD
- -0.73%
- 1Y
- 1.96%
- 3Y*
- 3.41%
- 5Y*
- -0.10%
- 10Y*
- 0.80%
- ALL TIME*
- 2.64%
GSMIX
- 1D
- -0.20%
- 1M
- -1.56%
- 6M
- -0.01%
- YTD
- 0.75%
- 1Y
- 4.71%
- 3Y*
- 3.64%
- 5Y*
- 0.65%
- 10Y*
- 2.22%
- ALL TIME*
- 3.48%
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 |
FIGTX vs. GSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIGTX Federated Hermes Short-Intermediate Government Fund | -0.73% | 6.15% | 1.72% | 3.93% | -9.25% | -2.58% | 5.77% | 4.57% | 0.94% | 0.28% |
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 0.75% | 4.12% | 3.03% | 6.41% | -9.77% | 2.80% | 3.57% | 7.49% | 2.83% | 5.55% |
Correlation
The correlation between FIGTX and GSMIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.49 |
The correlation between FIGTX and GSMIX shifts across timeframes, from 0.31 (10 years) to 0.49 (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
FIGTX vs. GSMIX — Risk / Return Rank
FIGTX
GSMIX
FIGTX vs. GSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short-Intermediate Government Fund (FIGTX) and Goldman Sachs Dynamic Municipal Income Fund (GSMIX). 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.
| FIGTX | GSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.55 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.27 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.26 | 7.71 | -5.46 |
Loading charts...
Drawdowns
FIGTX vs. GSMIX - Drawdown Comparison
The maximum FIGTX drawdown since its inception was -14.00%, smaller than the maximum GSMIX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for FIGTX and GSMIX.
Loading charts...
Drawdown Indicators
| FIGTX | GSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.00% | -15.43% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | -2.46% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -4.81% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.04% | -14.33% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | -14.33% | +0.33% |
Current DrawdownCurrent decline from peak | -1.77% | -1.56% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -2.39% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.72% | +0.20% |
Volatility
FIGTX vs. GSMIX - Volatility Comparison
The current volatility for Federated Hermes Short-Intermediate Government Fund (FIGTX) is 0.68%, while Goldman Sachs Dynamic Municipal Income Fund (GSMIX) has a volatility of 0.75%. This indicates that FIGTX experiences smaller price fluctuations and is considered to be less risky than GSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIGTX | GSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.75% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 1.92% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 2.41% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 3.69% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 3.92% | -0.49% |
FIGTX vs. GSMIX - Expense Ratio Comparison
FIGTX has a 0.59% expense ratio, which is lower than GSMIX's 0.73% expense ratio.
Dividends
FIGTX vs. GSMIX - Dividend Comparison
FIGTX's dividend yield for the trailing twelve months is around 3.35%, more than GSMIX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGTX Federated Hermes Short-Intermediate Government Fund | 3.35% | 3.78% | 4.00% | 3.61% | 1.51% | 0.89% | 1.37% | 2.23% | 1.95% | 1.31% | 1.28% | 1.24% |
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.23% | 4.32% | 3.31% | 2.82% | 1.86% | 1.92% | 2.11% | 2.57% | 2.79% | 2.99% | 3.35% | 3.43% |
Frequently Asked Questions
FIGTX and GSMIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSMIX has higher volatility (0.75%) compared to FIGTX (0.68%). In terms of maximum drawdown, FIGTX dropped -14.00% vs GSMIX's -15.43%.
GSMIX currently has the higher Sharpe Ratio (2.32 vs 0.72), 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 FIGTX and GSMIX
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