FSTBX vs. FGSAX
FSTBX (Federated Hermes Global Allocation Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FSTBX is a Global Allocation fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FSTBX returned 7.08%/yr vs 14.50%/yr for FGSAX. Their correlation of 0.84 means they have usually moved in the same direction. FSTBX charges 1.14%/yr vs 1.15%/yr for FGSAX.
Performance
FSTBX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSTBX achieves a 7.23% return, which is significantly higher than FGSAX's -0.82% return. Over the past 10 years, FSTBX has underperformed FGSAX with an annualized return of 7.08%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
FSTBX
- 1D
- 1.25%
- 1M
- 0.04%
- 6M
- 3.66%
- YTD
- 7.23%
- 1Y
- 15.65%
- 3Y*
- 11.84%
- 5Y*
- 5.48%
- 10Y*
- 7.08%
- ALL TIME*
- 6.91%
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 |
FSTBX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTBX Federated Hermes Global Allocation Fund | 7.23% | 16.61% | 9.08% | 11.22% | -15.42% | 8.54% | 12.56% | 17.87% | -8.60% | 17.06% |
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 FSTBX and FGSAX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.84 |
The correlation between FSTBX and FGSAX shifts across timeframes, from 0.72 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSTBX vs. FGSAX — Risk / Return Rank
FSTBX
FGSAX
FSTBX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Global Allocation Fund (FSTBX) 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.
| FSTBX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.10 | +1.95 |
| Martin ratioReturn relative to average drawdown | 6.58 | -0.25 | +6.83 |
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Drawdowns
FSTBX vs. FGSAX - Drawdown Comparison
The maximum FSTBX drawdown since its inception was -31.34%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FSTBX and FGSAX.
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Drawdown Indicators
| FSTBX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -66.17% | +34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -13.73% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | -24.51% | +13.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -35.79% | +4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -37.19% | +5.85% |
Current DrawdownCurrent decline from peak | -0.93% | -5.42% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -16.10% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 5.33% | -3.07% |
Volatility
FSTBX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Global Allocation Fund (FSTBX) is 2.80%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 4.96%. This indicates that FSTBX 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
| FSTBX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 4.96% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 13.47% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 17.81% | -5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 22.54% | -8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 22.29% | -9.29% |
FSTBX vs. FGSAX - Expense Ratio Comparison
FSTBX has a 1.14% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FSTBX vs. FGSAX - Dividend Comparison
FSTBX's dividend yield for the trailing twelve months is around 5.90%, more 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% |
FSTBX Federated Hermes Global Allocation Fund | 5.90% | 6.35% | 2.01% | 1.53% | 1.72% | 15.46% | 2.28% | 2.55% | 5.79% | 1.43% | 1.87% | 1.14% |
Frequently Asked Questions
FSTBX and FGSAX have a correlation of 0.72, 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 FSTBX (2.80%). In terms of maximum drawdown, FSTBX dropped -31.34% vs FGSAX's -66.17%.
FSTBX currently has the higher Sharpe Ratio (1.24 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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