FUSGX vs. PRGMX
FUSGX (Federated Hermes Fund For US Governent Securities) and PRGMX (T. Rowe Price GNMA Fund) are both Government Bonds funds. Over the past 10 years, FUSGX returned 0.70%/yr vs 1.27%/yr for PRGMX. A 0.73 correlation means they provide meaningful diversification when combined. FUSGX charges 0.96%/yr vs 0.58%/yr for PRGMX.
Performance
FUSGX vs. PRGMX - Performance Comparison
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Returns By Period
In the year-to-date period, FUSGX achieves a 0.35% return, which is significantly lower than PRGMX's 1.12% return. Over the past 10 years, FUSGX has underperformed PRGMX with an annualized return of 0.70%, while PRGMX has yielded a comparatively higher 1.27% annualized return.
FUSGX
- 1D
- 0.16%
- 1M
- 0.34%
- 6M
- 0.67%
- YTD
- 0.35%
- 1Y
- 4.68%
- 3Y*
- 3.92%
- 5Y*
- -0.19%
- 10Y*
- 0.70%
PRGMX
- 1D
- 0.12%
- 1M
- 0.43%
- 6M
- 1.25%
- YTD
- 1.12%
- 1Y
- 6.43%
- 3Y*
- 5.02%
- 5Y*
- 0.75%
- 10Y*
- 1.27%
FUSGX vs. PRGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUSGX Federated Hermes Fund For US Governent Securities | 0.35% | 8.00% | 0.48% | 4.20% | -12.04% | -2.17% | 3.73% | 5.86% | 0.03% | 1.64% |
PRGMX T. Rowe Price GNMA Fund | 1.12% | 8.72% | 1.86% | 5.62% | -11.45% | -2.18% | 4.21% | 5.18% | 0.58% | 1.23% |
Correlation
The correlation between FUSGX and PRGMX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986 | 0.73 |
Over the past year, the correlation between FUSGX and PRGMX has dropped to 0.38 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
FUSGX vs. PRGMX — Risk / Return Rank
FUSGX
PRGMX
FUSGX vs. PRGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Fund For US Governent Securities (FUSGX) and T. Rowe Price GNMA Fund (PRGMX). 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.
| FUSGX | PRGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.07 | -0.75 |
| Martin ratioReturn relative to average drawdown | 3.95 | 6.50 | -2.55 |
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Drawdowns
FUSGX vs. PRGMX - Drawdown Comparison
The maximum FUSGX drawdown since its inception was -33.96%, which is greater than PRGMX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for FUSGX and PRGMX.
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Drawdown Indicators
| FUSGX | PRGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -18.22% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.00% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -7.14% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -17.28% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -19.13% | -18.22% | -0.91% |
Current DrawdownCurrent decline from peak | -2.44% | -1.06% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -2.23% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.96% | +0.19% |
Volatility
FUSGX vs. PRGMX - Volatility Comparison
Federated Hermes Fund For US Governent Securities (FUSGX) has a higher volatility of 1.46% compared to T. Rowe Price GNMA Fund (PRGMX) at 1.35%. This indicates that FUSGX's price experiences larger fluctuations and is considered to be riskier than PRGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSGX | PRGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.35% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 3.26% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 4.19% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 6.41% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 4.78% | +0.27% |
FUSGX vs. PRGMX - Expense Ratio Comparison
FUSGX has a 0.96% expense ratio, which is higher than PRGMX's 0.58% expense ratio.
Dividends
FUSGX vs. PRGMX - Dividend Comparison
FUSGX's dividend yield for the trailing twelve months is around 3.97%, less than PRGMX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUSGX Federated Hermes Fund For US Governent Securities | 3.97% | 3.76% | 3.60% | 3.08% | 2.33% | 1.63% | 2.06% | 2.51% | 2.51% | 2.32% | 2.39% | 2.53% |
PRGMX T. Rowe Price GNMA Fund | 5.00% | 4.96% | 4.47% | 3.54% | 1.38% | 0.59% | 1.44% | 2.39% | 2.78% | 2.98% | 2.88% | 3.12% |
Frequently Asked Questions
FUSGX and PRGMX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUSGX has higher volatility (1.46%) compared to PRGMX (1.35%). In terms of maximum drawdown, FUSGX dropped -33.96% vs PRGMX's -18.22%.
PRGMX currently has the higher Sharpe Ratio (1.48 vs 0.95), 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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