FULBX vs. FGSAX
FULBX (Federated Hermes Ultra Short Bond Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - FULBX is a Ultrashort Bond fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, FULBX returned 2.46%/yr vs 14.50%/yr for FGSAX. Their -0.02 correlation means they have often moved in opposite directions in the past. FULBX charges 0.47%/yr vs 1.15%/yr for FGSAX.
Performance
FULBX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FULBX achieves a 1.65% return, which is significantly higher than FGSAX's -0.82% return. Over the past 10 years, FULBX has underperformed FGSAX with an annualized return of 2.46%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
FULBX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 1.38%
- YTD
- 1.65%
- 1Y
- 4.12%
- 3Y*
- 4.91%
- 5Y*
- 3.15%
- 10Y*
- 2.46%
- ALL TIME*
- 1.68%
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 |
FULBX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FULBX Federated Hermes Ultra Short Bond Fund | 1.65% | 5.50% | 5.35% | 5.15% | -1.31% | 0.02% | 2.29% | 3.32% | 1.24% | 1.37% |
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 FULBX and FGSAX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | -0.02 |
The correlation between FULBX and FGSAX shifts across timeframes, from -0.02 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FULBX vs. FGSAX — Risk / Return Rank
FULBX
FGSAX
FULBX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Ultra Short Bond Fund (FULBX) 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.
| FULBX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +7.45 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.00 | +1.34 |
| Calmar ratioReturn relative to maximum drawdown | 8.52 | -0.10 | +8.62 |
| Martin ratioReturn relative to average drawdown | 37.42 | -0.25 | +37.67 |
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Drawdowns
FULBX vs. FGSAX - Drawdown Comparison
The maximum FULBX drawdown since its inception was -5.43%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for FULBX and FGSAX.
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Drawdown Indicators
| FULBX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -66.17% | +60.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.54% | -13.73% | +13.19% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -24.51% | +23.97% |
Max Drawdown (5Y)Largest decline over 5 years | -2.60% | -35.79% | +33.19% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | -37.19% | +32.52% |
Current DrawdownCurrent decline from peak | -0.11% | -5.42% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -16.10% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 5.33% | -5.21% |
Volatility
FULBX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Ultra Short Bond Fund (FULBX) is 0.29%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 4.96%. This indicates that FULBX 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
| FULBX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 4.96% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 13.47% | -12.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 17.81% | -16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.39% | 22.54% | -21.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 22.29% | -21.02% |
FULBX vs. FGSAX - Expense Ratio Comparison
FULBX has a 0.47% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
FULBX vs. FGSAX - Dividend Comparison
FULBX's dividend yield for the trailing twelve months is around 4.15%, 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% |
FULBX Federated Hermes Ultra Short Bond Fund | 4.15% | 4.79% | 3.99% | 2.67% | 1.00% | 0.56% | 1.49% | 2.16% | 1.90% | 1.25% | 0.84% | 0.64% |
Frequently Asked Questions
FULBX and FGSAX have a correlation of 0.26, 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 FULBX (0.29%). In terms of maximum drawdown, FULBX dropped -5.43% vs FGSAX's -66.17%.
FULBX currently has the higher Sharpe Ratio (2.87 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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