FKASX vs. SCHD

Last updated Jun 3, 2026

FKASX (Federated Hermes Kaufmann Small Cap Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - FKASX is a Small Cap Growth Equities fund managed by Federated, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, FKASX returned 13.51%/yr vs 12.77%/yr for SCHD. A 0.58 correlation means they provide meaningful diversification when combined. FKASX charges 1.36%/yr vs 0.06%/yr for SCHD.

Performance

FKASX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Kaufmann Small Cap Fund (FKASX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKASX achieves a 9.95% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, FKASX has outperformed SCHD with an annualized return of 13.51%, while SCHD has yielded a comparatively lower 12.77% annualized return.

FKASX

• 1D: -0.33%
• 1M: 4.16%
• YTD: 9.95%
• 6M: 11.40%
• 1Y: 21.79%
• 3Y*: 14.59%
• 5Y*: 1.98%
• 10Y*: 13.51%

SCHD

• 1D: 0.59%
• 1M: 1.60%
• YTD: 19.01%
• 6M: 20.36%
• 1Y: 28.08%
• 3Y*: 15.09%
• 5Y*: 8.49%
• 10Y*: 12.77%

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

FKASX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FKASX Federated Hermes Kaufmann Small Cap Fund	9.95%	12.01%	14.45%	14.48%	-31.40%	2.57%	43.41%	33.44%	7.30%	37.87%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between FKASX and SCHD is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.58

The correlation between FKASX and SCHD shifts across timeframes, from -0.06 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FKASX vs. SCHD — Risk / Return Rank

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

FKASX

FKASX Risk / Return Rank: 19
FKASX Sharpe Ratio Rank: 15
FKASX Sortino Ratio Rank: 17
FKASX Omega Ratio Rank: 19
FKASX Calmar Ratio Rank: 17
FKASX Martin Ratio Rank: 26

SCHD

SCHD Risk / Return Rank: 82
SCHD Sharpe Ratio Rank: 78
SCHD Sortino Ratio Rank: 87
SCHD Omega Ratio Rank: 76
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 77

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.

FKASX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Kaufmann Small Cap Fund (FKASX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	FKASX	SCHD	Difference
Sharpe ratio Return per unit of total volatility	1.14	2.57	-1.43
Sortino ratio Return per unit of downside risk	1.75	3.98	-2.22
Omega ratio Gain probability vs. loss probability	1.23	1.46	-0.23
Calmar ratio Return relative to maximum drawdown	1.55	6.17	-4.62
Martin ratio Return relative to average drawdown	6.47	15.20	-8.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FKASX vs. SCHD - Sharpe Ratio Comparison

The current FKASX Sharpe Ratio is 1.14, which is lower than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FKASX and SCHD, 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

	FKASX	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.57	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.59	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.77	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.86	-0.28

Drawdowns

FKASX vs. SCHD - Drawdown Comparison

The maximum FKASX drawdown since its inception was -60.21%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FKASX and SCHD.

Drawdown Indicators

	FKASX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-60.21%	-33.37%	-26.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-4.61%	-10.27%
Max Drawdown (3Y) Largest decline over 3 years	-26.19%	-16.13%	-10.06%
Max Drawdown (5Y) Largest decline over 5 years	-44.51%	-16.85%	-27.66%
Max Drawdown (10Y) Largest decline over 10 years	-44.86%	-33.37%	-11.49%
Current Drawdown Current decline from peak	-2.68%	-1.40%	-1.28%
Average Drawdown Average peak-to-trough decline	-12.69%	-3.32%	-9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	1.87%	+1.70%

Volatility

FKASX vs. SCHD - Volatility Comparison

Federated Hermes Kaufmann Small Cap Fund (FKASX) has a higher volatility of 6.79% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.92%. This indicates that FKASX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKASX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	2.92%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	7.66%	+9.18%
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	10.96%	+9.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.38%	14.38%	+9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	16.72%	+5.64%

FKASX vs. SCHD - Expense Ratio Comparison

FKASX has a 1.36% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

FKASX vs. SCHD - Dividend Comparison

FKASX's dividend yield for the trailing twelve months is around 18.83%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKASX Federated Hermes Kaufmann Small Cap Fund	18.83%	20.70%	11.82%	0.15%	0.00%	8.40%	0.12%	0.21%	6.36%	6.50%	0.76%	8.55%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both FKASX and SCHD in my portfolio?

FKASX and SCHD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FKASX or SCHD?

FKASX has higher volatility (6.79%) compared to SCHD (2.92%). In terms of maximum drawdown, FKASX dropped -60.21% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.57 vs 1.14), 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.