FTRBX vs. FGSAX
FTRBX (Federated Hermes Total Return Bond Fund Institutional Shares) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FTRBX is a Intermediate Core Bond fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FTRBX returned 1.95%/yr vs 14.63%/yr for FGSAX. Their -0.07 correlation means they have often moved in opposite directions in the past. FTRBX charges 0.39%/yr vs 1.15%/yr for FGSAX.
Performance
FTRBX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FTRBX achieves a -0.97% return, which is significantly lower than FGSAX's 0.92% return. Over the past 10 years, FTRBX has underperformed FGSAX with an annualized return of 1.95%, while FGSAX has yielded a comparatively higher 14.63% annualized return.
FTRBX
- 1D
- 0.22%
- 1M
- -1.17%
- 6M
- -0.81%
- YTD
- -0.97%
- 1Y
- 1.80%
- 3Y*
- 4.18%
- 5Y*
- -0.25%
- 10Y*
- 1.95%
- ALL TIME*
- 4.56%
FGSAX
- 1D
- 1.93%
- 1M
- 0.20%
- 6M
- 2.15%
- YTD
- 0.92%
- 1Y
- 0.22%
- 3Y*
- 17.86%
- 5Y*
- 7.92%
- 10Y*
- 14.63%
- ALL TIME*
- 10.07%
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 |
FTRBX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | -0.97% | 7.60% | 2.03% | 5.20% | -13.13% | -0.21% | 9.52% | 9.75% | -0.85% | 4.41% |
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 0.92% | 10.54% | 32.97% | 27.05% | -24.60% | 22.39% | 35.50% | 27.95% | -3.23% | 24.38% |
Correlation
The correlation between FTRBX and FGSAX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | -0.07 |
The correlation between FTRBX and FGSAX shifts across timeframes, from -0.07 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTRBX vs. FGSAX — Risk / Return Rank
FTRBX
FGSAX
FTRBX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) 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.
| FTRBX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.01 | +1.05 |
| Martin ratioReturn relative to average drawdown | 2.67 | -0.03 | +2.70 |
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Drawdowns
FTRBX vs. FGSAX - Drawdown Comparison
The maximum FTRBX drawdown since its inception was -17.49%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FTRBX and FGSAX.
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Drawdown Indicators
| FTRBX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -66.17% | +48.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -13.73% | +10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -24.51% | +19.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -35.79% | +18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | -37.19% | +19.70% |
Current DrawdownCurrent decline from peak | -2.19% | -3.76% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -16.10% | +14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 5.34% | -4.26% |
Volatility
FTRBX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) is 1.07%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 5.29%. This indicates that FTRBX 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
| FTRBX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 5.29% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 13.59% | -10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 17.92% | -13.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 22.55% | -16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 22.29% | -17.48% |
FTRBX vs. FGSAX - Expense Ratio Comparison
FTRBX has a 0.39% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FTRBX vs. FGSAX - Dividend Comparison
FTRBX's dividend yield for the trailing twelve months is around 4.21%, less than FGSAX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.88% | 4.92% | 4.32% | 0.00% | 2.31% | 25.75% | 7.07% | 8.13% | 14.46% | 13.93% | 0.89% | 25.34% |
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | 4.21% | 4.52% | 4.47% | 3.84% | 2.47% | 3.43% | 4.66% | 3.38% | 3.49% | 3.21% | 3.35% | 3.53% |
Frequently Asked Questions
FTRBX and FGSAX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (5.29%) compared to FTRBX (1.07%). In terms of maximum drawdown, FTRBX dropped -17.49% vs FGSAX's -66.17%.
FTRBX currently has the higher Sharpe Ratio (0.73 vs -0.01), 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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