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 2.71%/yr vs 15.50%/yr for FGSAX. At a 0.01 correlation, their price movements are largely independent. 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 -0.07% return, which is significantly lower than FGSAX's 0.10% return. Over the past 10 years, ISHIX has underperformed FGSAX with an annualized return of 2.71%, while FGSAX has yielded a comparatively higher 15.50% annualized return.
ISHIX
- 1D
- -0.24%
- 1M
- 0.56%
- YTD
- -0.07%
- 6M
- 0.36%
- 1Y
- 3.95%
- 3Y*
- 4.46%
- 5Y*
- 0.16%
- 10Y*
- 2.71%
FGSAX
- 1D
- 0.43%
- 1M
- 0.76%
- YTD
- 0.10%
- 6M
- -0.81%
- 1Y
- 2.81%
- 3Y*
- 18.67%
- 5Y*
- 9.38%
- 10Y*
- 15.50%
ISHIX vs. FGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHIX Federated Hermes Corporate Bond Fund | -0.07% | 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 | 0.10% | 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 0.38, 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 | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 20, 1987 | 0.01 |
Over the past year, ISHIX and FGSAX have become more correlated (0.38) than their long-term average of 0.01, 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 | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.28 | +1.04 |
| Martin ratioReturn relative to average drawdown | 4.02 | 0.75 | +3.28 |
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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 | -5.32% | -24.51% | +19.19% |
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 | -1.35% | -4.55% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -16.13% | +13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 5.05% | -4.03% |
Volatility
ISHIX vs. FGSAX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Fund (ISHIX) is 0.95%, while Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a volatility of 5.41%. 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 | 0.95% | 5.41% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 13.25% | -10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 17.41% | -13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 22.48% | -16.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 22.36% | -17.20% |
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 3.43%, less than FGSAX's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 4.92% | 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 | 3.43% | 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 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGSAX has higher volatility (5.41%) compared to ISHIX (0.95%). In terms of maximum drawdown, ISHIX dropped -21.10% vs FGSAX's -66.17%.
ISHIX currently has the higher Sharpe Ratio (1.13 vs 0.22), 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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