FMDCX vs. IJH
Compare and contrast key facts about Federated Hermes Mid Cap Index Fund (FMDCX) and iShares Core S&P Mid-Cap ETF (IJH).
FMDCX is managed by Federated. It was launched on Nov 5, 1992. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000.
Performance
FMDCX vs. IJH - Performance Comparison
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FMDCX vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMDCX Federated Hermes Mid Cap Index Fund | 2.43% | 6.95% | 13.34% | 16.38% | -13.88% | 25.28% | 13.37% | 25.36% | -11.51% | 15.43% |
IJH iShares Core S&P Mid-Cap ETF | 3.42% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Returns By Period
In the year-to-date period, FMDCX achieves a 2.43% return, which is significantly lower than IJH's 3.42% return. Both investments have delivered pretty close results over the past 10 years, with FMDCX having a 10.09% annualized return and IJH not far ahead at 10.57%.
FMDCX
- 1D
- 2.83%
- 1M
- -6.17%
- YTD
- 2.43%
- 6M
- 3.46%
- 1Y
- 16.11%
- 3Y*
- 11.65%
- 5Y*
- 6.26%
- 10Y*
- 10.09%
IJH
- 1D
- 0.84%
- 1M
- -5.33%
- YTD
- 3.42%
- 6M
- 4.74%
- 1Y
- 17.69%
- 3Y*
- 12.37%
- 5Y*
- 6.75%
- 10Y*
- 10.57%
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FMDCX vs. IJH - Expense Ratio Comparison
FMDCX has a 0.57% expense ratio, which is higher than IJH's 0.05% expense ratio.
Return for Risk
FMDCX vs. IJH — Risk / Return Rank
FMDCX
IJH
FMDCX vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Mid Cap Index Fund (FMDCX) and iShares Core S&P Mid-Cap ETF (IJH). 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.
| FMDCX | IJH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.84 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.32 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.29 | -1.12 |
Martin ratioReturn relative to average drawdown | 0.57 | 5.56 | -4.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMDCX | IJH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.84 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.34 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.50 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.08 |
Correlation
The correlation between FMDCX and IJH is 0.97, 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
FMDCX vs. IJH - Dividend Comparison
FMDCX's dividend yield for the trailing twelve months is around 10.41%, more than IJH's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDCX Federated Hermes Mid Cap Index Fund | 10.41% | 10.67% | 15.63% | 11.46% | 12.33% | 22.20% | 15.60% | 10.60% | 26.14% | 17.30% | 11.41% | 14.68% |
IJH iShares Core S&P Mid-Cap ETF | 1.30% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Drawdowns
FMDCX vs. IJH - Drawdown Comparison
The maximum FMDCX drawdown since its inception was -55.36%, roughly equal to the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for FMDCX and IJH.
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Drawdown Indicators
| FMDCX | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.36% | -55.07% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.10% | -14.16% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -24.10% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -42.05% | -42.18% | +0.13% |
Current DrawdownCurrent decline from peak | -6.17% | -5.34% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -7.61% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 3.29% | +3.46% |
Volatility
FMDCX vs. IJH - Volatility Comparison
The current volatility for Federated Hermes Mid Cap Index Fund (FMDCX) is 5.54%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 6.40%. This indicates that FMDCX experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMDCX | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 6.40% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 11.93% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.33% | 21.08% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.33% | 19.74% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 21.16% | +0.18% |