FMBPX vs. BEARX
FMBPX (Federated Hermes Mortgage Strategy Portfolio) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FMBPX is a Intermediate Core Bond fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, FMBPX returned 1.26%/yr vs -14.19%/yr for BEARX. Their 0.06 correlation means their historical movements had little consistent relationship. FMBPX charges 0.02%/yr vs 1.78%/yr for BEARX.
Performance
FMBPX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FMBPX achieves a -0.22% return, which is significantly higher than BEARX's -6.07% return. Over the past 10 years, FMBPX has outperformed BEARX with an annualized return of 1.26%, while BEARX has yielded a comparatively lower -14.19% annualized return.
FMBPX
- 1D
- 0.12%
- 1M
- -1.07%
- 6M
- -0.86%
- YTD
- -0.22%
- 1Y
- 4.79%
- 3Y*
- 4.21%
- 5Y*
- -0.02%
- 10Y*
- 1.26%
- ALL TIME*
- 1.05%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMBPX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.22% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between FMBPX and BEARX is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.33 |
Correlation (3Y) Balances recent behavior with more history. | -0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.06 |
The correlation between FMBPX and BEARX shifts across timeframes, from -0.33 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FMBPX vs. BEARX — Risk / Return Rank
FMBPX
BEARX
FMBPX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Mortgage Strategy Portfolio (FMBPX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| FMBPX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.64 | +2.19 |
| Martin ratioReturn relative to average drawdown | 4.42 | -1.23 | +5.65 |
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Drawdowns
FMBPX vs. BEARX - Drawdown Comparison
The maximum FMBPX drawdown since its inception was -18.34%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FMBPX and BEARX.
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Drawdown Indicators
| FMBPX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -95.75% | +77.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -16.55% | +13.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -44.46% | +37.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -52.48% | +34.49% |
Max Drawdown (10Y)Largest decline over 10 years | -18.34% | -79.22% | +60.88% |
Current DrawdownCurrent decline from peak | -2.24% | -95.59% | +93.35% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -61.21% | +57.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 8.60% | -7.50% |
Volatility
FMBPX vs. BEARX - Volatility Comparison
The current volatility for Federated Hermes Mortgage Strategy Portfolio (FMBPX) is 1.14%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 3.78%. This indicates that FMBPX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMBPX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 3.78% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 10.32% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 12.86% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 17.15% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 16.71% | -11.57% |
FMBPX vs. BEARX - Expense Ratio Comparison
FMBPX has a 0.02% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FMBPX vs. BEARX - Dividend Comparison
FMBPX's dividend yield for the trailing twelve months is around 4.66%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.66% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Frequently Asked Questions
FMBPX and BEARX have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (3.78%) compared to FMBPX (1.14%). In terms of maximum drawdown, FMBPX dropped -18.34% vs BEARX's -95.75%.
FMBPX currently has the higher Sharpe Ratio (1.08 vs -0.83), 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.
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