FISPX vs. LCTRX

Last updated Jun 4, 2026

FISPX (Federated Hermes Max Cap Index Fund) and LCTRX (Leader Capital High Quality Floating Rate Fund Investor Shares) are both mutual funds - FISPX is a Large Cap Blend Equities fund managed by Federated, while LCTRX is a Intermediate Core-Plus Bond fund managed by LEADER. Over the past 10 years, FISPX returned 15.33%/yr vs 4.84%/yr for LCTRX. At a 0.24 correlation, their price movements are largely independent. FISPX charges 0.37%/yr vs 2.33%/yr for LCTRX.

Performance

FISPX vs. LCTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Max Cap Index Fund (FISPX) and Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISPX achieves a 11.72% return, which is significantly higher than LCTRX's 1.87% return. Over the past 10 years, FISPX has outperformed LCTRX with an annualized return of 15.33%, while LCTRX has yielded a comparatively lower 4.84% annualized return.

FISPX

• 1D: 0.11%
• 1M: 5.90%
• YTD: 11.72%
• 6M: 11.66%
• 1Y: 28.88%
• 3Y*: 22.53%
• 5Y*: 13.91%
• 10Y*: 15.33%

LCTRX

• 1D: 0.09%
• 1M: 0.60%
• YTD: 1.87%
• 6M: 2.24%
• 1Y: 4.93%
• 3Y*: 5.90%
• 5Y*: 5.40%
• 10Y*: 4.84%

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

FISPX vs. LCTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISPX Federated Hermes Max Cap Index Fund	11.72%	17.57%	24.47%	26.27%	-18.87%	28.57%	18.27%	30.73%	-4.68%	21.61%
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares	1.87%	4.72%	6.03%	8.26%	2.22%	1.99%	12.07%	1.15%	6.01%	4.28%

Correlation

The correlation between FISPX and LCTRX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 2, 2010	0.24

The correlation between FISPX and LCTRX shifts across timeframes, from 0.13 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FISPX vs. LCTRX — Risk / Return Rank

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

FISPX

FISPX Risk / Return Rank: 82
FISPX Sharpe Ratio Rank: 86
FISPX Sortino Ratio Rank: 81
FISPX Omega Ratio Rank: 77
FISPX Calmar Ratio Rank: 81
FISPX Martin Ratio Rank: 87

LCTRX

LCTRX Risk / Return Rank: 90
LCTRX Sharpe Ratio Rank: 80
LCTRX Sortino Ratio Rank: 97
LCTRX Omega Ratio Rank: 97
LCTRX Calmar Ratio Rank: 87
LCTRX Martin Ratio Rank: 89

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. LCTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) and Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX). 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	LCTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.60	+0.19
Sortino ratio: Return per unit of downside risk	3.82	5.58	-1.75
Omega ratio: Gain probability vs. loss probability	1.50	1.95	-0.45
Calmar ratio: Return relative to maximum drawdown	3.72	4.22	-0.50
Martin ratio: Return relative to average drawdown	16.83	17.54	-0.70
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. LCTRX - Sharpe Ratio Comparison

The current FISPX Sharpe Ratio is 2.79, which is comparable to the LCTRX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of FISPX and LCTRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FISPX	LCTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.60	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	2.23	-1.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.77	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.70	-0.13

Drawdowns

FISPX vs. LCTRX - Drawdown Comparison

The maximum FISPX drawdown since its inception was -54.64%, which is greater than LCTRX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for FISPX and LCTRX.

Drawdown Indicators

	FISPX	LCTRX	Difference
Max Drawdown Largest peak-to-trough decline	-54.64%	-26.09%	-28.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-1.17%	-7.60%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-1.33%	-23.45%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-3.82%	-21.20%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-23.93%	-9.87%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.98%	-4.12%	-4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	0.28%	+1.60%

Volatility

FISPX vs. LCTRX - Volatility Comparison

Federated Hermes Max Cap Index Fund (FISPX) has a higher volatility of 2.84% compared to Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) at 0.58%. This indicates that FISPX's price experiences larger fluctuations and is considered to be riskier than LCTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISPX	LCTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	0.58%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	1.43%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	1.91%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.17%	2.44%	+18.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.19%	6.31%	+13.88%

FISPX vs. LCTRX - Expense Ratio Comparison

FISPX has a 0.37% expense ratio, which is lower than LCTRX's 2.33% expense ratio.

Dividends

FISPX vs. LCTRX - Dividend Comparison

FISPX's dividend yield for the trailing twelve months is around 7.19%, more than LCTRX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISPX Federated Hermes Max Cap Index Fund	7.19%	8.03%	12.57%	22.88%	16.35%	16.48%	23.53%	15.79%	47.85%	25.80%	18.45%	14.91%
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares	5.27%	5.53%	5.57%	5.31%	2.18%	1.69%	1.17%	2.40%	3.31%	2.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FISPX and LCTRX in my portfolio?

FISPX and LCTRX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISPX or LCTRX?

FISPX has higher volatility (2.84%) compared to LCTRX (0.58%). In terms of maximum drawdown, FISPX dropped -54.64% vs LCTRX's -26.09%.

Which has better risk-adjusted returns?

FISPX currently has the higher Sharpe Ratio (2.79 vs 2.60), 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.