FMBPX vs. HESAY
FMBPX (Federated Hermes Mortgage Strategy Portfolio) is Intermediate Core Bond fund managed by Federated, while HESAY (Hermes International SA) is a stock. Over the past 10 years, FMBPX returned 1.26%/yr vs 16.14%/yr for HESAY. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
FMBPX vs. HESAY - 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 HESAY's -28.12% return. Over the past 10 years, FMBPX has underperformed HESAY with an annualized return of 1.26%, while HESAY has yielded a comparatively higher 16.14% 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%
HESAY
- 1D
- -1.29%
- 1M
- -6.19%
- 6M
- -25.75%
- YTD
- -28.12%
- 1Y
- -25.75%
- 3Y*
- -5.69%
- 5Y*
- 3.84%
- 10Y*
- 16.14%
- ALL TIME*
- 16.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $17.62M | $16.86M | $18.06M |
FMBPX vs. HESAY - 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% |
HESAY Hermes International SA | -28.12% | 4.83% | 13.70% | 38.27% | -11.23% | 63.06% | 44.39% | 37.55% | 4.07% | 32.55% |
Correlation
The correlation between FMBPX and HESAY is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2009 | 0.08 |
Over the past year, FMBPX and HESAY have become more correlated (0.31) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
FMBPX vs. HESAY — Risk / Return Rank
FMBPX
HESAY
FMBPX vs. HESAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Mortgage Strategy Portfolio (FMBPX) and Hermes International SA (HESAY). 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 | HESAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.87 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.85 | +2.40 |
| Martin ratioReturn relative to average drawdown | 4.42 | -1.63 | +6.05 |
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Drawdowns
FMBPX vs. HESAY - Drawdown Comparison
The maximum FMBPX drawdown since its inception was -18.34%, smaller than the maximum HESAY drawdown of -45.60%. Use the drawdown chart below to compare losses from any high point for FMBPX and HESAY.
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Drawdown Indicators
| FMBPX | HESAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -45.60% | +27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -32.15% | +29.00% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -40.35% | +33.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -45.60% | +27.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.34% | -45.60% | +27.26% |
Current DrawdownCurrent decline from peak | -2.24% | -39.91% | +37.67% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -11.05% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 16.84% | -15.74% |
Volatility
FMBPX vs. HESAY - Volatility Comparison
The current volatility for Federated Hermes Mortgage Strategy Portfolio (FMBPX) is 1.14%, while Hermes International SA (HESAY) has a volatility of 15.34%. This indicates that FMBPX experiences smaller price fluctuations and is considered to be less risky than HESAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMBPX | HESAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 15.34% | -14.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 28.26% | -24.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 33.90% | -29.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 32.39% | -25.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 28.30% | -23.16% |
Dividends
FMBPX vs. HESAY - Dividend Comparison
FMBPX's dividend yield for the trailing twelve months is around 4.66%, more than HESAY's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HESAY Hermes International SA | 1.19% | 1.18% | 1.13% | 0.67% | 0.57% | 0.31% | 0.46% | 0.68% | 0.91% | 1.55% | 1.81% | 2.54% |
Frequently Asked Questions
FMBPX and HESAY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HESAY has higher volatility (15.34%) compared to FMBPX (1.14%). In terms of maximum drawdown, FMBPX dropped -18.34% vs HESAY's -45.60%.
FMBPX currently has the higher Sharpe Ratio (1.08 vs -0.82), 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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