FSTKX vs. BEARX

Last updated Jun 27, 2026

FSTKX (Federated Hermes MDT Large Cap Value Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FSTKX is a Large Cap Value Equities fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, FSTKX returned 13.87%/yr vs -14.76%/yr for BEARX. At a correlation of -0.79, they often move in opposite directions. FSTKX charges 0.99%/yr vs 1.78%/yr for BEARX.

Performance

FSTKX vs. BEARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Value Fund (FSTKX) and Federated Hermes Prudent Bear Fd (BEARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSTKX achieves a 14.04% return, which is significantly higher than BEARX's -6.07% return. Over the past 10 years, FSTKX has outperformed BEARX with an annualized return of 13.87%, while BEARX has yielded a comparatively lower -14.76% annualized return.

FSTKX

• 1D: 1.39%
• 1M: 2.44%
• YTD: 14.04%
• 6M: 12.70%
• 1Y: 26.07%
• 3Y*: 23.02%
• 5Y*: 14.11%
• 10Y*: 13.87%

BEARX

• 1D: 0.00%
• 1M: 2.59%
• YTD: -6.07%
• 6M: -5.46%
• 1Y: -14.60%
• 3Y*: -15.43%
• 5Y*: -11.45%
• 10Y*: -14.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSTKX vs. BEARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTKX Federated Hermes MDT Large Cap Value Fund	14.04%	19.44%	22.43%	12.57%	-4.80%	28.37%	6.05%	20.68%	-7.48%	14.04%
BEARX Federated Hermes Prudent Bear Fd	-6.07%	-12.42%	-20.34%	-18.67%	17.78%	-23.78%	-22.95%	-19.95%	-5.96%	-15.76%

Correlation

The correlation between FSTKX and BEARX is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (3Y) Calculated over the trailing 3-year period	-0.56
Correlation (5Y) Calculated over the trailing 5-year period	-0.73
Correlation (10Y) Calculated over the trailing 10-year period	-0.78
Correlation (All Time) Calculated using the full available price history since Dec 28, 1995	-0.79

Over the past year, the inverse relationship between FSTKX and BEARX has weakened: their correlation has moved from -0.79 to -0.42, meaning they move in opposite directions less often than they have historically.

Return for Risk

FSTKX vs. BEARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSTKX

FSTKX Risk / Return Rank: 93
FSTKX Sharpe Ratio Rank: 94
FSTKX Sortino Ratio Rank: 92
FSTKX Omega Ratio Rank: 87
FSTKX Calmar Ratio Rank: 96
FSTKX Martin Ratio Rank: 97

BEARX

BEARX Risk / Return Rank: 0
BEARX Sharpe Ratio Rank: 0
BEARX Sortino Ratio Rank: 0
BEARX Omega Ratio Rank: 0
BEARX Calmar Ratio Rank: 0
BEARX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSTKX vs. BEARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value Fund (FSTKX) and Federated Hermes Prudent Bear Fd (BEARX). 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.

	FSTKX	BEARX	Difference
Sharpe ratio: Return per unit of total volatility	2.81	-1.21	+4.02
Sortino ratio: Return per unit of downside risk	4.12	-1.73	+5.86
Omega ratio: Gain probability vs. loss probability	1.51	0.79	+0.73
Calmar ratio: Return relative to maximum drawdown	5.52	-0.84	+6.35
Martin ratio: Return relative to average drawdown	23.85	-1.58	+25.43

FSTKX vs. BEARX - Sharpe Ratio Comparison

The current FSTKX Sharpe Ratio is 2.81, which is higher than the BEARX Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of FSTKX and BEARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSTKX vs. BEARX - Drawdown Comparison

The maximum FSTKX drawdown since its inception was -53.21%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FSTKX and BEARX.

Drawdown Indicators

	FSTKX	BEARX	Difference
Max Drawdown Largest peak-to-trough decline	-53.21%	-95.75%	+42.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-16.78%	+10.63%
Max Drawdown (3Y) Largest decline over 3 years	-21.85%	-44.46%	+22.61%
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	-52.48%	+30.63%
Max Drawdown (10Y) Largest decline over 10 years	-38.58%	-79.85%	+41.27%
Current Drawdown Current decline from peak	0.00%	-95.59%	+95.59%
Average Drawdown Average peak-to-trough decline	-6.80%	-61.11%	+54.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	9.53%	-8.21%

Volatility

FSTKX vs. BEARX - Volatility Comparison

The current volatility for Federated Hermes MDT Large Cap Value Fund (FSTKX) is 4.09%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 5.49%. This indicates that FSTKX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSTKX	BEARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	5.49%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	10.01%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	12.34%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	17.11%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	16.71%	+2.07%

FSTKX vs. BEARX - Expense Ratio Comparison

FSTKX has a 0.99% expense ratio, which is lower than BEARX's 1.78% expense ratio.

Dividends

FSTKX vs. BEARX - Dividend Comparison

FSTKX's dividend yield for the trailing twelve months is around 5.45%, less than BEARX's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEARX Federated Hermes Prudent Bear Fd	7.15%	6.71%	0.00%	13.32%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%	0.00%	0.00%
FSTKX Federated Hermes MDT Large Cap Value Fund	5.45%	6.28%	15.06%	1.86%	14.38%	18.45%	1.29%	2.63%	10.03%	10.01%	5.12%	9.24%

Frequently Asked Questions

Can I hold both FSTKX and BEARX in my portfolio?

FSTKX and BEARX have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSTKX or BEARX?

BEARX has higher volatility (5.49%) compared to FSTKX (4.09%). In terms of maximum drawdown, FSTKX dropped -53.21% vs BEARX's -95.75%.

Which has better risk-adjusted returns?

FSTKX currently has the higher Sharpe Ratio (2.81 vs -1.21), 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.