FISPX vs. ANWPX

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes Max Cap Index Fund (FISPX) and American Funds New Perspective Fund Class A (ANWPX).

FISPX is managed by Federated. It was launched on Jul 11, 1990. ANWPX is managed by American Funds. It was launched on Mar 13, 1973.

Performance

FISPX vs. ANWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Max Cap Index Fund (FISPX) and American Funds New Perspective Fund Class A (ANWPX). The values are adjusted to include any dividend payments, if applicable.

FISPX vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISPX Federated Hermes Max Cap Index Fund	-4.25%	17.57%	24.47%	26.27%	-18.87%	28.57%	18.27%	30.73%	-4.68%	21.61%
ANWPX American Funds New Perspective Fund Class A	-5.30%	21.33%	16.76%	24.63%	-25.92%	17.64%	33.42%	30.10%	-5.99%	28.91%

Returns By Period

In the year-to-date period, FISPX achieves a -4.25% return, which is significantly higher than ANWPX's -5.30% return. Over the past 10 years, FISPX has outperformed ANWPX with an annualized return of 13.76%, while ANWPX has yielded a comparatively lower 12.32% annualized return.

FISPX

• 1D: 2.90%
• 1M: -4.92%
• YTD: -4.25%
• 6M: -2.06%
• 1Y: 17.21%
• 3Y*: 18.14%
• 5Y*: 11.43%
• 10Y*: 13.76%

ANWPX

• 1D: 3.10%
• 1M: -6.93%
• YTD: -5.30%
• 6M: -3.65%
• 1Y: 16.52%
• 3Y*: 14.90%
• 5Y*: 7.06%
• 10Y*: 12.32%

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

FISPX vs. ANWPX - Expense Ratio Comparison

FISPX has a 0.37% expense ratio, which is lower than ANWPX's 0.72% expense ratio.

ANWPX

American Funds New Perspective Fund Class A

FISPX

Federated Hermes Max Cap Index Fund

Return for Risk

FISPX vs. ANWPX — Risk / Return Rank

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

FISPX

FISPX Risk / Return Rank: 44
FISPX Sharpe Ratio Rank: 52
FISPX Sortino Ratio Rank: 59
FISPX Omega Ratio Rank: 59
FISPX Calmar Ratio Rank: 22
FISPX Martin Ratio Rank: 29

ANWPX

ANWPX Risk / Return Rank: 55
ANWPX Sharpe Ratio Rank: 52
ANWPX Sortino Ratio Rank: 57
ANWPX Omega Ratio Rank: 50
ANWPX Calmar Ratio Rank: 58
ANWPX Martin Ratio Rank: 59

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.

FISPX vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) and American Funds New Perspective Fund Class A (ANWPX). 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.

	FISPX	ANWPX	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.01	+0.04
Sortino ratio Return per unit of downside risk	1.63	1.55	+0.08
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio Return relative to maximum drawdown	0.75	1.42	-0.68
Martin ratio Return relative to average drawdown	3.41	5.78	-2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISPX vs. ANWPX - Sharpe Ratio Comparison

The current FISPX Sharpe Ratio is 1.05, which is comparable to the ANWPX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FISPX and ANWPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FISPX	ANWPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.01	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.41	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.70	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.65	-0.10

Correlation

The correlation between FISPX and ANWPX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FISPX vs. ANWPX - Dividend Comparison

FISPX's dividend yield for the trailing twelve months is around 8.39%, more than ANWPX's 6.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISPX Federated Hermes Max Cap Index Fund	8.39%	8.03%	12.57%	22.88%	16.35%	16.48%	23.53%	15.79%	47.85%	25.80%	18.45%	14.91%
ANWPX American Funds New Perspective Fund Class A	6.94%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%

Drawdowns

FISPX vs. ANWPX - Drawdown Comparison

The maximum FISPX drawdown since its inception was -54.64%, roughly equal to the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for FISPX and ANWPX.

Drawdown Indicators

	FISPX	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.64%	-52.34%	-2.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-11.75%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-34.45%	+9.43%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-34.45%	+0.65%
Current Drawdown Current decline from peak	-6.12%	-8.73%	+2.61%
Average Drawdown Average peak-to-trough decline	-9.02%	-8.13%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.89%	+0.34%

Volatility

FISPX vs. ANWPX - Volatility Comparison

The current volatility for Federated Hermes Max Cap Index Fund (FISPX) is 5.09%, while American Funds New Perspective Fund Class A (ANWPX) has a volatility of 6.24%. This indicates that FISPX experiences smaller price fluctuations and is considered to be less risky than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISPX	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	6.24%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	10.32%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	17.02%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	17.15%	+4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	17.77%	+2.40%