FLOTX vs. FFRSX

Last updated Jun 24, 2026

FLOTX (Donoghue Forlines Risk Managed Income Fund) and FFRSX (Federated Hermes Floating Rate Strat Inc Fund) are both Bank Loan funds. Over the past 5 years, FLOTX returned 2.69%/yr vs 3.31%/yr for FFRSX. At a 0.25 correlation, their price movements are largely independent. FLOTX charges 1.07%/yr vs 0.68%/yr for FFRSX.

Performance

FLOTX vs. FFRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donoghue Forlines Risk Managed Income Fund (FLOTX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLOTX achieves a -0.55% return, which is significantly lower than FFRSX's 0.90% return.

FLOTX

• 1D: 0.00%
• 1M: 0.33%
• YTD: -0.55%
• 6M: -0.45%
• 1Y: 2.89%
• 3Y*: 4.87%
• 5Y*: 2.69%
• 10Y*: —

FFRSX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 0.90%
• 6M: 1.49%
• 1Y: 4.58%
• 3Y*: 6.25%
• 5Y*: 3.31%
• 10Y*: 3.42%

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

FLOTX vs. FFRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLOTX Donoghue Forlines Risk Managed Income Fund	-0.55%	2.47%	6.76%	8.28%	-3.59%	2.45%	3.95%	3.51%	1.96%
FFRSX Federated Hermes Floating Rate Strat Inc Fund	0.90%	5.61%	6.71%	8.04%	-5.85%	3.73%	0.45%	6.71%	-0.15%

Correlation

The correlation between FLOTX and FFRSX is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018	0.25

The correlation between FLOTX and FFRSX shifts across timeframes, from 0.08 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLOTX vs. FFRSX — Risk / Return Rank

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

FLOTX

FLOTX Risk / Return Rank: 36
FLOTX Sharpe Ratio Rank: 43
FLOTX Sortino Ratio Rank: 45
FLOTX Omega Ratio Rank: 62
FLOTX Calmar Ratio Rank: 15
FLOTX Martin Ratio Rank: 12

FFRSX

FFRSX Risk / Return Rank: 87
FFRSX Sharpe Ratio Rank: 66
FFRSX Sortino Ratio Rank: 96
FFRSX Omega Ratio Rank: 97
FFRSX Calmar Ratio Rank: 89
FFRSX Martin Ratio Rank: 85

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.

FLOTX vs. FFRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Risk Managed Income Fund (FLOTX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLOTX	FFRSX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.19	-0.39
Sortino ratio: Return per unit of downside risk	2.61	4.92	-2.31
Omega ratio: Gain probability vs. loss probability	1.40	1.89	-0.49
Calmar ratio: Return relative to maximum drawdown	1.28	4.29	-3.02
Martin ratio: Return relative to average drawdown	3.31	14.90	-11.59

FLOTX vs. FFRSX - Sharpe Ratio Comparison

The current FLOTX Sharpe Ratio is 1.80, which is comparable to the FFRSX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FLOTX and FFRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLOTX vs. FFRSX - Drawdown Comparison

The maximum FLOTX drawdown since its inception was -4.40%, smaller than the maximum FFRSX drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for FLOTX and FFRSX.

Drawdown Indicators

	FLOTX	FFRSX	Difference
Max Drawdown Largest peak-to-trough decline	-4.40%	-17.13%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-2.36%	-1.07%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-3.34%	-1.45%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-4.40%	-7.54%	+3.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.13%	—
Current Drawdown Current decline from peak	-0.97%	-0.12%	-0.85%
Average Drawdown Average peak-to-trough decline	-1.03%	-0.91%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.31%	+0.60%

Volatility

FLOTX vs. FFRSX - Volatility Comparison

Donoghue Forlines Risk Managed Income Fund (FLOTX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX) have volatilities of 0.48% and 0.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOTX	FFRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	0.50%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	1.48%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	2.11%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.69%	2.44%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.45%	3.24%	-0.79%

FLOTX vs. FFRSX - Expense Ratio Comparison

FLOTX has a 1.07% expense ratio, which is higher than FFRSX's 0.68% expense ratio.

Dividends

FLOTX vs. FFRSX - Dividend Comparison

FLOTX's dividend yield for the trailing twelve months is around 6.80%, more than FFRSX's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFRSX Federated Hermes Floating Rate Strat Inc Fund	5.80%	6.38%	6.95%	6.88%	4.15%	2.92%	3.37%	4.62%	4.41%	3.68%	3.76%	3.71%
FLOTX Donoghue Forlines Risk Managed Income Fund	6.80%	5.79%	7.15%	7.16%	1.56%	2.13%	2.42%	3.78%	3.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLOTX and FFRSX in my portfolio?

FLOTX and FFRSX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLOTX or FFRSX?

FFRSX has higher volatility (0.50%) compared to FLOTX (0.48%). In terms of maximum drawdown, FLOTX dropped -4.40% vs FFRSX's -17.13%.

Which has better risk-adjusted returns?

FFRSX currently has the higher Sharpe Ratio (2.19 vs 1.80), 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.