ISHIX vs. FGSAX
ISHIX (Federated Hermes Corporate Bond Fund) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both mutual funds - ISHIX is a Corporate Bonds fund managed by Federated, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, ISHIX returned 2.32%/yr vs 14.50%/yr for FGSAX. Their 0.02 correlation means their historical movements had little consistent relationship. ISHIX charges 0.86%/yr vs 1.15%/yr for FGSAX.
Performance
ISHIX vs. FGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, ISHIX achieves a -1.39% return, which is significantly lower than FGSAX's -0.82% return. Over the past 10 years, ISHIX has underperformed FGSAX with an annualized return of 2.32%, while FGSAX has yielded a comparatively higher 14.50% annualized return.
ISHIX
- 1D
- 0.24%
- 1M
- -1.53%
- 6M
- -1.45%
- YTD
- -1.39%
- 1Y
- 1.71%
- 3Y*
- 3.83%
- 5Y*
- -0.39%
- 10Y*
- 2.32%
- ALL TIME*
- 5.31%
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 |
ISHIX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHIX Federated Hermes Corporate Bond Fund | -1.39% | 6.94% | 2.06% | 7.72% | -14.64% | -0.07% | 8.83% | 13.86% | -2.94% | 6.63% |
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 ISHIX and FGSAX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 20, 1987 | 0.02 |
Over the past year, ISHIX and FGSAX have become more correlated (0.39) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
ISHIX vs. FGSAX — Risk / Return Rank
ISHIX
FGSAX
ISHIX vs. FGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Fund (ISHIX) 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.
| ISHIX | FGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.00 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.10 | +0.57 |
| Martin ratioReturn relative to average drawdown | 1.25 | -0.25 | +1.50 |
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Drawdowns
ISHIX vs. FGSAX - Drawdown Comparison
The maximum ISHIX drawdown since its inception was -21.10%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for ISHIX and FGSAX.
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Drawdown Indicators
| ISHIX | FGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.10% | -66.17% | +45.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -13.73% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.38% | -24.51% | +20.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.00% | -35.79% | +15.79% |
Max Drawdown (10Y)Largest decline over 10 years | -20.00% | -37.19% | +17.19% |
Current DrawdownCurrent decline from peak | -2.65% | -5.42% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -16.10% | +13.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 5.33% | -4.16% |
Volatility
ISHIX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Fund (ISHIX) is 1.01%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 4.96%. This indicates that ISHIX 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
| ISHIX | FGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.96% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 13.47% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 17.81% | -14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 22.54% | -16.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 22.29% | -17.12% |
ISHIX vs. FGSAX - Expense Ratio Comparison
ISHIX has a 0.86% expense ratio, which is lower than FGSAX's 1.15% expense ratio.
Dividends
ISHIX vs. FGSAX - Dividend Comparison
ISHIX's dividend yield for the trailing twelve months is around 3.20%, 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% |
ISHIX Federated Hermes Corporate Bond Fund | 3.20% | 3.34% | 3.26% | 3.45% | 3.63% | 3.16% | 3.15% | 3.62% | 3.72% | 3.92% | 4.12% | 5.59% |
Frequently Asked Questions
ISHIX and FGSAX have a correlation of 0.39, 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 ISHIX (1.01%). In terms of maximum drawdown, ISHIX dropped -21.10% vs FGSAX's -66.17%.
ISHIX currently has the higher Sharpe Ratio (0.40 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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