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FISPX vs. FZROX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FISPX vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Max Cap Index Fund (FISPX) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.23%
13.99%
FISPX
FZROX

Returns By Period

The year-to-date returns for both investments are quite close, with FISPX having a 26.20% return and FZROX slightly higher at 26.41%.


FISPX

YTD

26.20%

1M

3.02%

6M

13.23%

1Y

8.63%

5Y (annualized)

-2.22%

10Y (annualized)

-5.44%

FZROX

YTD

26.41%

1M

4.01%

6M

14.00%

1Y

33.79%

5Y (annualized)

15.33%

10Y (annualized)

N/A

Key characteristics


FISPXFZROX
Sharpe Ratio0.402.69
Sortino Ratio0.563.57
Omega Ratio1.141.49
Calmar Ratio0.133.94
Martin Ratio1.1117.13
Ulcer Index7.76%1.97%
Daily Std Dev21.58%12.58%
Max Drawdown-72.44%-34.96%
Current Drawdown-59.36%-0.28%

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FISPX vs. FZROX - Expense Ratio Comparison

FISPX has a 0.37% expense ratio, which is higher than FZROX's 0.00% expense ratio.


FISPX
Federated Hermes Max Cap Index Fund
Expense ratio chart for FISPX: current value at 0.37% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.37%
Expense ratio chart for FZROX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between FISPX and FZROX is 0.98, 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.

Risk-Adjusted Performance

FISPX vs. FZROX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.


Sharpe ratio
The chart of Sharpe ratio for FISPX, currently valued at 0.40, compared to the broader market-1.000.001.002.003.004.005.000.402.69
The chart of Sortino ratio for FISPX, currently valued at 0.56, compared to the broader market0.005.0010.000.563.57
The chart of Omega ratio for FISPX, currently valued at 1.14, compared to the broader market1.002.003.004.001.141.49
The chart of Calmar ratio for FISPX, currently valued at 0.18, compared to the broader market0.005.0010.0015.0020.0025.000.183.94
The chart of Martin ratio for FISPX, currently valued at 1.11, compared to the broader market0.0020.0040.0060.0080.00100.001.1117.13
FISPX
FZROX

The current FISPX Sharpe Ratio is 0.40, which is lower than the FZROX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FISPX and FZROX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.40
2.69
FISPX
FZROX

Dividends

FISPX vs. FZROX - Dividend Comparison

FISPX's dividend yield for the trailing twelve months is around 0.98%, less than FZROX's 1.08% yield.


TTM20232022202120202019201820172016201520142013
FISPX
Federated Hermes Max Cap Index Fund
0.98%1.39%1.43%0.99%1.53%1.41%2.32%1.77%1.98%1.96%1.66%1.60%
FZROX
Fidelity ZERO Total Market Index Fund
1.08%1.36%1.57%1.08%1.27%1.45%0.63%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FISPX vs. FZROX - Drawdown Comparison

The maximum FISPX drawdown since its inception was -72.44%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FISPX and FZROX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-31.89%
-0.28%
FISPX
FZROX

Volatility

FISPX vs. FZROX - Volatility Comparison

The current volatility for Federated Hermes Max Cap Index Fund (FISPX) is 3.88%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.19%. This indicates that FISPX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.88%
4.19%
FISPX
FZROX