FTRFX vs. BEARX
FTRFX (Federated Hermes Total Return Bond Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - FTRFX is a Intermediate Core-Plus Bond fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, FTRFX returned 1.79%/yr vs -14.72%/yr for BEARX. At a 0.12 correlation, their price movements are largely independent. FTRFX charges 0.69%/yr vs 1.78%/yr for BEARX.
Performance
FTRFX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, FTRFX achieves a -0.40% return, which is significantly higher than BEARX's -7.65% return. Over the past 10 years, FTRFX has outperformed BEARX with an annualized return of 1.79%, while BEARX has yielded a comparatively lower -14.72% annualized return.
FTRFX
- 1D
- -0.32%
- 1M
- 0.67%
- YTD
- -0.40%
- 6M
- 0.30%
- 1Y
- 4.08%
- 3Y*
- 3.40%
- 5Y*
- -0.38%
- 10Y*
- 1.79%
BEARX
- 1D
- 0.29%
- 1M
- 0.29%
- YTD
- -7.65%
- 6M
- -7.74%
- 1Y
- -16.97%
- 3Y*
- -15.79%
- 5Y*
- -11.91%
- 10Y*
- -14.72%
FTRFX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRFX Federated Hermes Total Return Bond Fund | -0.40% | 7.28% | 1.02% | 4.23% | -13.31% | -0.47% | 9.19% | 9.42% | -1.14% | 4.10% |
BEARX Federated Hermes Prudent Bear Fd | -7.65% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between FTRFX and BEARX is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | 0.12 |
The correlation between FTRFX and BEARX shifts across timeframes, from -0.29 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTRFX vs. BEARX — Risk / Return Rank
FTRFX
BEARX
FTRFX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund (FTRFX) 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.
| FTRFX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.74 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.96 | +2.47 |
| Martin ratioReturn relative to average drawdown | 4.40 | -1.77 | +6.17 |
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Drawdowns
FTRFX vs. BEARX - Drawdown Comparison
The maximum FTRFX drawdown since its inception was -17.95%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for FTRFX and BEARX.
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Drawdown Indicators
| FTRFX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.95% | -95.75% | +77.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -18.63% | +15.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -44.46% | +37.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.95% | -52.48% | +34.53% |
Max Drawdown (10Y)Largest decline over 10 years | -17.95% | -80.48% | +62.53% |
Current DrawdownCurrent decline from peak | -3.39% | -95.66% | +92.27% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -61.09% | +58.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 11.03% | -10.05% |
Volatility
FTRFX vs. BEARX - Volatility Comparison
The current volatility for Federated Hermes Total Return Bond Fund (FTRFX) is 1.27%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 5.28%. This indicates that FTRFX 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.
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Volatility by Period
| FTRFX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 5.28% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 9.97% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 12.28% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 17.09% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 16.75% | -11.96% |
FTRFX vs. BEARX - Expense Ratio Comparison
FTRFX has a 0.69% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
FTRFX vs. BEARX - Dividend Comparison
FTRFX's dividend yield for the trailing twelve months is around 4.26%, less than BEARX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.27% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
FTRFX Federated Hermes Total Return Bond Fund | 4.26% | 4.22% | 3.48% | 2.95% | 2.25% | 3.17% | 4.36% | 3.08% | 3.19% | 2.91% | 3.33% | 3.23% |
Frequently Asked Questions
FTRFX and BEARX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (5.28%) compared to FTRFX (1.27%). In terms of maximum drawdown, FTRFX dropped -17.95% vs BEARX's -95.75%.
FTRFX currently has the higher Sharpe Ratio (1.08 vs -1.46), 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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