FMN vs. USA
Compare and contrast key facts about Federated Hermes Premier Municipal Income Fund (FMN) and Liberty All-Star Equity Fund (USA).
Performance
FMN vs. USA - Performance Comparison
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FMN vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMN Federated Hermes Premier Municipal Income Fund | -0.23% | 6.78% | 3.21% | 9.21% | -26.70% | 5.96% | 9.78% | 20.25% | -7.94% | 5.77% |
USA Liberty All-Star Equity Fund | -7.72% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Fundamentals
FMN:
$85.61M
USA:
$1.70B
FMN:
$1.65
USA:
$1.42
FMN:
6.62
USA:
3.97
FMN:
4.96
USA:
4.72
FMN:
0.88
USA:
0.82
FMN:
$17.27M
USA:
$355.74M
FMN:
$15.26M
USA:
$329.90M
FMN:
$8.52M
USA:
$305.11M
Returns By Period
In the year-to-date period, FMN achieves a -0.23% return, which is significantly higher than USA's -7.72% return. Over the past 10 years, FMN has underperformed USA with an annualized return of 1.24%, while USA has yielded a comparatively higher 11.94% annualized return.
FMN
- 1D
- 0.18%
- 1M
- -3.38%
- YTD
- -0.23%
- 6M
- 1.44%
- 1Y
- 5.38%
- 3Y*
- 4.84%
- 5Y*
- -1.25%
- 10Y*
- 1.24%
USA
- 1D
- 1.44%
- 1M
- -5.85%
- YTD
- -7.72%
- 6M
- -6.62%
- 1Y
- -5.00%
- 3Y*
- 7.24%
- 5Y*
- 3.73%
- 10Y*
- 11.94%
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Return for Risk
FMN vs. USA — Risk / Return Rank
FMN
USA
FMN vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Premier Municipal Income Fund (FMN) and Liberty All-Star Equity Fund (USA). 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.
| FMN | USA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | -0.29 | +0.96 |
Sortino ratioReturn per unit of downside risk | 0.98 | -0.30 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.13 | 0.96 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.28 | +1.18 |
Martin ratioReturn relative to average drawdown | 3.03 | -0.76 | +3.79 |
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
| FMN | USA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | -0.29 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.18 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.53 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.33 | -0.05 |
Correlation
The correlation between FMN and USA is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FMN vs. USA - Dividend Comparison
FMN's dividend yield for the trailing twelve months is around 4.84%, less than USA's 12.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMN Federated Hermes Premier Municipal Income Fund | 4.84% | 4.64% | 4.06% | 4.03% | 5.30% | 4.31% | 4.16% | 4.40% | 5.57% | 5.21% | 6.07% | 5.92% |
USA Liberty All-Star Equity Fund | 12.08% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Drawdowns
FMN vs. USA - Drawdown Comparison
The maximum FMN drawdown since its inception was -49.01%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for FMN and USA.
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Drawdown Indicators
| FMN | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.01% | -69.15% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -15.28% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -40.63% | -34.05% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -40.63% | -47.07% | +6.44% |
Current DrawdownCurrent decline from peak | -20.72% | -12.67% | -8.05% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -11.53% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 5.64% | -3.70% |
Volatility
FMN vs. USA - Volatility Comparison
The current volatility for Federated Hermes Premier Municipal Income Fund (FMN) is 3.66%, while Liberty All-Star Equity Fund (USA) has a volatility of 5.71%. This indicates that FMN experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMN | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 5.71% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 10.53% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.12% | 17.40% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 20.72% | -9.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.17% | 22.54% | -9.37% |
Financials
FMN vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Federated Hermes Premier Municipal Income Fund and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities