FUSGX vs. FHYSX

Last updated Jun 6, 2026

FUSGX (Federated Hermes Fund For US Governent Securities) and FHYSX (Federated Hermes High-Yield Strategy Portfolio) are both mutual funds - FUSGX is a Government Bonds fund managed by Federated, while FHYSX is a High Yield Bonds fund managed by Federated. Over the past 10 years, FUSGX returned 0.74%/yr vs 5.27%/yr for FHYSX. At a 0.15 correlation, their price movements are largely independent. FUSGX charges 0.96%/yr vs 0.02%/yr for FHYSX.

Performance

FUSGX vs. FHYSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Fund For US Governent Securities (FUSGX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUSGX achieves a 0.18% return, which is significantly lower than FHYSX's 1.19% return. Over the past 10 years, FUSGX has underperformed FHYSX with an annualized return of 0.74%, while FHYSX has yielded a comparatively higher 5.27% annualized return.

FUSGX

• 1D: 0.16%
• 1M: -0.31%
• YTD: 0.18%
• 6M: 0.69%
• 1Y: 5.87%
• 3Y*: 3.72%
• 5Y*: -0.26%
• 10Y*: 0.74%

FHYSX

• 1D: 0.00%
• 1M: 0.19%
• YTD: 1.19%
• 6M: 1.89%
• 1Y: 6.66%
• 3Y*: 8.48%
• 5Y*: 3.44%
• 10Y*: 5.27%

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

FUSGX vs. FHYSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUSGX Federated Hermes Fund For US Governent Securities	0.18%	8.00%	0.48%	4.20%	-12.04%	-2.17%	3.73%	5.86%	0.03%	1.64%
FHYSX Federated Hermes High-Yield Strategy Portfolio	1.19%	9.14%	6.42%	12.77%	-13.16%	4.49%	6.08%	15.14%	-2.16%	8.34%

Correlation

The correlation between FUSGX and FHYSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009	0.15

Over the past year, FUSGX and FHYSX have become more correlated (0.42) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

FUSGX vs. FHYSX — Risk / Return Rank

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

FUSGX

FUSGX Risk / Return Rank: 28
FUSGX Sharpe Ratio Rank: 25
FUSGX Sortino Ratio Rank: 26
FUSGX Omega Ratio Rank: 29
FUSGX Calmar Ratio Rank: 29
FUSGX Martin Ratio Rank: 28

FHYSX

FHYSX Risk / Return Rank: 69
FHYSX Sharpe Ratio Rank: 51
FHYSX Sortino Ratio Rank: 75
FHYSX Omega Ratio Rank: 79
FHYSX Calmar Ratio Rank: 58
FHYSX Martin Ratio Rank: 81

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.

FUSGX vs. FHYSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Fund For US Governent Securities (FUSGX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.

	FUSGX	FHYSX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.02	-0.65
Sortino ratio: Return per unit of downside risk	2.04	3.55	-1.51
Omega ratio: Gain probability vs. loss probability	1.27	1.50	-0.23
Calmar ratio: Return relative to maximum drawdown	1.92	2.81	-0.90
Martin ratio: Return relative to average drawdown	6.29	14.64	-8.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUSGX vs. FHYSX - Sharpe Ratio Comparison

The current FUSGX Sharpe Ratio is 1.37, which is lower than the FHYSX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FUSGX and FHYSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FUSGX	FHYSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.02	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.66	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.92	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.88	-0.52

Drawdowns

FUSGX vs. FHYSX - Drawdown Comparison

The maximum FUSGX drawdown since its inception was -33.96%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FUSGX and FHYSX.

Drawdown Indicators

	FUSGX	FHYSX	Difference
Max Drawdown Largest peak-to-trough decline	-33.96%	-21.45%	-12.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.44%	-2.44%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-7.88%	-3.64%	-4.24%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-16.93%	-1.53%
Max Drawdown (10Y) Largest decline over 10 years	-19.13%	-21.45%	+2.32%
Current Drawdown Current decline from peak	-2.61%	-0.17%	-2.44%
Average Drawdown Average peak-to-trough decline	-4.68%	-2.58%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.47%	+0.58%

Volatility

FUSGX vs. FHYSX - Volatility Comparison

Federated Hermes Fund For US Governent Securities (FUSGX) has a higher volatility of 1.66% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 0.90%. This indicates that FUSGX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUSGX	FHYSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	0.90%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	2.61%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	4.81%	3.40%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	5.24%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	5.77%	-0.74%

FUSGX vs. FHYSX - Expense Ratio Comparison

FUSGX has a 0.96% expense ratio, which is higher than FHYSX's 0.02% expense ratio.

Dividends

FUSGX vs. FHYSX - Dividend Comparison

FUSGX's dividend yield for the trailing twelve months is around 3.96%, less than FHYSX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHYSX Federated Hermes High-Yield Strategy Portfolio	6.30%	6.28%	5.84%	5.30%	5.27%	4.54%	5.74%	6.18%	6.61%	6.98%	6.45%	8.45%
FUSGX Federated Hermes Fund For US Governent Securities	3.96%	3.76%	3.60%	3.08%	2.33%	1.63%	2.06%	2.51%	2.51%	2.32%	2.39%	2.53%

Frequently Asked Questions

Can I hold both FUSGX and FHYSX in my portfolio?

FUSGX and FHYSX 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, FUSGX or FHYSX?

FUSGX has higher volatility (1.66%) compared to FHYSX (0.90%). In terms of maximum drawdown, FUSGX dropped -33.96% vs FHYSX's -21.45%.

Which has better risk-adjusted returns?

FHYSX currently has the higher Sharpe Ratio (2.02 vs 1.37), 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.