FMUAX vs. FGSAX
FMUAX (Federated Hermes Municipal and Stock Advantage Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FMUAX is a Diversified Portfolio fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FMUAX returned 5.95%/yr vs 14.50%/yr for FGSAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FMUAX charges 1.00%/yr vs 1.15%/yr for FGSAX.
Performance
FMUAX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FMUAX achieves a 5.65% return, which is significantly higher than FGSAX's -0.82% return. Over the past 10 years, FMUAX has underperformed FGSAX with an annualized return of 5.95%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
FMUAX
- 1D
- 0.60%
- 1M
- -0.69%
- 6M
- 4.11%
- YTD
- 5.65%
- 1Y
- 12.97%
- 3Y*
- 9.05%
- 5Y*
- 4.63%
- 10Y*
- 5.95%
- ALL TIME*
- 6.01%
FGSAX
- 1D
- 2.55%
- 1M
- -1.53%
- 6M
- 0.10%
- YTD
- -0.82%
- 1Y
- -1.90%
- 3Y*
- 15.49%
- 5Y*
- 7.87%
- 10Y*
- 14.50%
- ALL TIME*
- 10.02%
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 |
FMUAX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 5.65% | 9.00% | 8.70% | 9.81% | -10.68% | 10.32% | 8.48% | 15.16% | -5.24% | 11.09% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | -0.82% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
Correlation
The correlation between FMUAX and FGSAX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2003 | 0.75 |
Over the past year, the correlation between FMUAX and FGSAX has dropped to 0.48 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
FMUAX vs. FGSAX — Risk / Return Rank
FMUAX
FGSAX
FMUAX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) and Federated Hermes MDT Mid Cap Growth Fund (FGSAX). 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.
| FMUAX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | -0.10 | +3.27 |
| Martin ratioReturn relative to average drawdown | 15.09 | -0.25 | +15.34 |
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Drawdowns
FMUAX vs. FGSAX - Drawdown Comparison
The maximum FMUAX drawdown since its inception was -22.43%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FMUAX and FGSAX.
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Drawdown Indicators
| FMUAX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -66.17% | +43.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -13.73% | +8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -10.18% | -24.51% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -35.79% | +19.86% |
Max Drawdown (10Y)Largest decline over 10 years | -21.46% | -37.19% | +15.73% |
Current DrawdownCurrent decline from peak | -0.92% | -5.42% | +4.50% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -16.10% | +13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 5.33% | -4.36% |
Volatility
FMUAX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) is 1.68%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 4.96%. This indicates that FMUAX experiences smaller price fluctuations and is considered to be less risky than FGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMUAX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 4.96% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 13.47% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 17.81% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 22.54% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 22.29% | -14.15% |
FMUAX vs. FGSAX - Expense Ratio Comparison
FMUAX has a 1.00% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FMUAX vs. FGSAX - Dividend Comparison
FMUAX's dividend yield for the trailing twelve months is around 1.30%, less than FGSAX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.96% | 4.92% | 4.32% | 0.00% | 2.31% | 25.75% | 7.07% | 8.13% | 14.46% | 13.93% | 0.89% | 25.34% |
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 1.30% | 1.23% | 2.01% | 2.53% | 2.25% | 4.56% | 2.12% | 4.00% | 7.98% | 2.17% | 2.36% | 2.80% |
Frequently Asked Questions
FMUAX and FGSAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (4.96%) compared to FMUAX (1.68%). In terms of maximum drawdown, FMUAX dropped -22.43% vs FGSAX's -66.17%.
FMUAX currently has the higher Sharpe Ratio (2.46 vs -0.07), 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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