FMBPX vs. LVMUY
FMBPX (Federated Hermes Mortgage Strategy Portfolio) is Intermediate Core Bond fund managed by Federated, while LVMUY (LVMH Moët Hennessy - Louis Vuitton, Société Européenne) is a stock. Over the past 10 years, FMBPX returned 1.44%/yr vs 16.44%/yr for LVMUY. At a 0.01 correlation, their price movements are largely independent.
Performance
FMBPX vs. LVMUY - Performance Comparison
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Returns By Period
In the year-to-date period, FMBPX achieves a 0.69% return, which is significantly higher than LVMUY's -25.87% return. Over the past 10 years, FMBPX has underperformed LVMUY with an annualized return of 1.44%, while LVMUY has yielded a comparatively higher 16.44% annualized return.
FMBPX
- 1D
- 0.24%
- 1M
- 1.02%
- YTD
- 0.69%
- 6M
- 1.33%
- 1Y
- 6.77%
- 3Y*
- 4.44%
- 5Y*
- 0.34%
- 10Y*
- 1.44%
LVMUY
- 1D
- -6.07%
- 1M
- 1.34%
- YTD
- -25.87%
- 6M
- -24.36%
- 1Y
- 9.32%
- 3Y*
- -13.41%
- 5Y*
- -5.42%
- 10Y*
- 16.44%
FMBPX vs. LVMUY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | 0.69% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne | -25.87% | 18.11% | -18.01% | 13.89% | -10.84% | 34.13% | 36.97% | 62.30% | 1.61% | 59.50% |
Correlation
The correlation between FMBPX and LVMUY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.01 |
Over the past year, FMBPX and LVMUY have become more correlated (0.26) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
FMBPX vs. LVMUY — Risk / Return Rank
FMBPX
LVMUY
FMBPX vs. LVMUY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Mortgage Strategy Portfolio (FMBPX) and LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY). 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 | LVMUY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.08 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.30 | +1.86 |
| Martin ratioReturn relative to average drawdown | 6.95 | 0.59 | +6.36 |
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Drawdowns
FMBPX vs. LVMUY - Drawdown Comparison
The maximum FMBPX drawdown since its inception was -18.34%, smaller than the maximum LVMUY drawdown of -80.82%. Use the drawdown chart below to compare losses from any high point for FMBPX and LVMUY.
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Drawdown Indicators
| FMBPX | LVMUY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -80.82% | +62.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -31.47% | +28.32% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -46.56% | +38.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.02% | -46.56% | +28.54% |
Max Drawdown (10Y)Largest decline over 10 years | -18.34% | -46.56% | +28.22% |
Current DrawdownCurrent decline from peak | -1.35% | -41.10% | +39.75% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -20.62% | +17.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 15.91% | -14.93% |
Volatility
FMBPX vs. LVMUY - Volatility Comparison
The current volatility for Federated Hermes Mortgage Strategy Portfolio (FMBPX) is 1.44%, while LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY) has a volatility of 11.83%. This indicates that FMBPX experiences smaller price fluctuations and is considered to be less risky than LVMUY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMBPX | LVMUY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 11.83% | -10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 24.18% | -20.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 33.25% | -28.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 32.74% | -25.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 31.03% | -25.91% |
Dividends
FMBPX vs. LVMUY - Dividend Comparison
FMBPX's dividend yield for the trailing twelve months is around 5.03%, more than LVMUY's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | 5.03% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne | 2.73% | 1.92% | 2.14% | 1.65% | 1.78% | 0.99% | 1.64% | 1.49% | 2.21% | 2.67% | 4.16% | 12.95% |
Frequently Asked Questions
FMBPX and LVMUY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVMUY has higher volatility (11.83%) compared to FMBPX (1.44%). In terms of maximum drawdown, FMBPX dropped -18.34% vs LVMUY's -80.82%.
FMBPX currently has the higher Sharpe Ratio (1.49 vs 0.28), 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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