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FKASX vs. SVSPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FKASX vs. SVSPX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Kaufmann Small Cap Fund (FKASX) and State Street S&P 500 Index Fund Class N (SVSPX).

FKASX is managed by Federated. It was launched on Dec 18, 2002. SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992.

Performance

FKASX vs. SVSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Kaufmann Small Cap Fund (FKASX) and State Street S&P 500 Index Fund Class N (SVSPX). The values are adjusted to include any dividend payments, if applicable.

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FKASX vs. SVSPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FKASX
Federated Hermes Kaufmann Small Cap Fund		-11.05%12.01%14.45%14.48%-31.40%2.57%43.41%33.44%7.30%37.87%
SVSPX
State Street S&P 500 Index Fund Class N		-7.09%17.83%25.07%26.21%-18.31%28.38%18.48%31.27%-4.87%21.71%

Returns By Period

In the year-to-date period, FKASX achieves a -11.05% return, which is significantly lower than SVSPX's -7.09% return. Over the past 10 years, FKASX has underperformed SVSPX with an annualized return of 11.89%, while SVSPX has yielded a comparatively higher 13.59% annualized return.

FKASX

1D
-1.79%
1M
-13.35%
YTD
-11.05%
6M
-8.95%
1Y
12.39%
3Y*
7.91%
5Y*
-2.05%
10Y*
11.89%

SVSPX

1D
-2.06%
1M
-8.10%
YTD
-7.09%
6M
-4.55%
1Y
14.41%
3Y*
17.15%
5Y*
11.29%
10Y*
13.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Federated Hermes Kaufmann Small Cap Fund

State Street S&P 500 Index Fund Class N

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Often compared with SVSPX:
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FKASX vs. SVSPX - Expense Ratio Comparison

FKASX has a 1.36% expense ratio, which is higher than SVSPX's 0.16% expense ratio.

FKASX
Federated Hermes Kaufmann Small Cap Fund
SVSPX
State Street S&P 500 Index Fund Class N

Return for Risk

FKASX vs. SVSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FKASX
FKASX Risk / Return Rank: 1818
Overall Rank
FKASX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
FKASX Sortino Ratio Rank: 1717
Sortino Ratio Rank
FKASX Omega Ratio Rank: 1717
Omega Ratio Rank
FKASX Calmar Ratio Rank: 1919
Calmar Ratio Rank
FKASX Martin Ratio Rank: 2121
Martin Ratio Rank
SVSPX
SVSPX Risk / Return Rank: 3030
Overall Rank
SVSPX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
SVSPX Sortino Ratio Rank: 4444
Sortino Ratio Rank
SVSPX Omega Ratio Rank: 4444
Omega Ratio Rank
SVSPX Calmar Ratio Rank: 1212
Calmar Ratio Rank
SVSPX Martin Ratio Rank: 1313
Martin Ratio Rank
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. SVSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Kaufmann Small Cap Fund (FKASX) and State Street S&P 500 Index Fund Class N (SVSPX). 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.

FKASXSVSPXDifference

Sharpe ratio

Return per unit of total volatility

0.42

0.77

-0.35

Sortino ratio

Return per unit of downside risk

0.75

1.29

-0.54

Omega ratio

Gain probability vs. loss probability

1.10

1.18

-0.08

Calmar ratio

Return relative to maximum drawdown

0.56

0.30

+0.26

Martin ratio

Return relative to average drawdown

2.22

1.15

+1.07

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. SVSPX - Sharpe Ratio Comparison

The current FKASX Sharpe Ratio is 0.42, which is lower than the SVSPX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FKASX and SVSPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FKASXSVSPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

0.77

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.09

0.68

-0.77

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.76

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.55

-0.02

Correlation

The correlation between FKASX and SVSPX is 0.79, 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

FKASX vs. SVSPX - Dividend Comparison

FKASX's dividend yield for the trailing twelve months is around 23.27%, more than SVSPX's 8.93% yield.

TTM20252024202320222021202020192018201720162015
FKASX
Federated Hermes Kaufmann Small Cap Fund		23.27%20.70%11.82%0.15%0.00%8.40%0.12%0.21%6.36%6.50%0.76%8.55%
SVSPX
State Street S&P 500 Index Fund Class N		8.93%8.28%9.39%12.38%10.53%11.65%15.98%6.40%13.29%4.94%8.63%4.05%

Drawdowns

FKASX vs. SVSPX - Drawdown Comparison

The maximum FKASX drawdown since its inception was -60.21%, which is greater than SVSPX's maximum drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for FKASX and SVSPX.

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Drawdown Indicators

FKASXSVSPXDifference

Max Drawdown

Largest peak-to-trough decline

-60.21%

-55.76%

-4.45%

Max Drawdown (1Y)

Largest decline over 1 year

-14.88%

-12.15%

-2.73%

Max Drawdown (5Y)

Largest decline over 5 years

-44.51%

-24.59%

-19.92%

Max Drawdown (10Y)

Largest decline over 10 years

-44.86%

-33.69%

-11.17%

Current Drawdown

Current decline from peak

-21.27%

-8.93%

-12.34%

Average Drawdown

Average peak-to-trough decline

-12.72%

-9.28%

-3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.77%

4.99%

-1.22%

Volatility

FKASX vs. SVSPX - Volatility Comparison

Federated Hermes Kaufmann Small Cap Fund (FKASX) has a higher volatility of 7.25% compared to State Street S&P 500 Index Fund Class N (SVSPX) at 3.96%. This indicates that FKASX's price experiences larger fluctuations and is considered to be riskier than SVSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FKASXSVSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.25%

3.96%

+3.29%

Volatility (6M)

Calculated over the trailing 6-month period

14.97%

9.32%

+5.65%

Volatility (1Y)

Calculated over the trailing 1-year period

21.28%

20.53%

+0.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.23%

17.36%

+5.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

18.28%

+3.92%