MIDE vs. FGSAX

Last updated Jun 4, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and FGSAX (Federated Hermes MDT Mid Cap Growth Fund) are both funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, while FGSAX is a Mid Cap Growth Equities fund managed by Federated. Over the past 5 years, MIDE returned 8.31%/yr vs 10.98%/yr for FGSAX. A 0.67 correlation means they provide meaningful diversification when combined. MIDE charges 0.15%/yr vs 1.15%/yr for FGSAX.

Performance

MIDE vs. FGSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Federated Hermes MDT Mid Cap Growth Fund (FGSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 14.45% return, which is significantly higher than FGSAX's 1.66% return.

MIDE

• 1D: -0.04%
• 1M: 5.36%
• YTD: 14.45%
• 6M: 14.97%
• 1Y: 28.35%
• 3Y*: 16.42%
• 5Y*: 8.31%
• 10Y*: —

FGSAX

• 1D: -0.82%
• 1M: 2.76%
• YTD: 1.66%
• 6M: 2.62%
• 1Y: 5.40%
• 3Y*: 19.76%
• 5Y*: 10.98%
• 10Y*: 15.12%

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

MIDE vs. FGSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MIDE Xtrackers S&P MidCap 400 ESG ETF	14.45%	9.81%	11.21%	15.20%	-11.63%	11.77%
FGSAX Federated Hermes MDT Mid Cap Growth Fund	1.66%	10.54%	32.97%	27.05%	-24.60%	19.15%

Correlation

The correlation between MIDE and FGSAX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.67

Over the past year, the correlation between MIDE and FGSAX has dropped to 0.07 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

MIDE vs. FGSAX — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 56
MIDE Sharpe Ratio Rank: 52
MIDE Sortino Ratio Rank: 54
MIDE Omega Ratio Rank: 51
MIDE Calmar Ratio Rank: 61
MIDE Martin Ratio Rank: 61

FGSAX

FGSAX Risk / Return Rank: 5
FGSAX Sharpe Ratio Rank: 4
FGSAX Sortino Ratio Rank: 5
FGSAX Omega Ratio Rank: 5
FGSAX Calmar Ratio Rank: 5
FGSAX Martin Ratio Rank: 5

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.

MIDE vs. FGSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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.

	MIDE	FGSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.32	+1.48
Sortino ratio: Return per unit of downside risk	2.60	0.59	+2.01
Omega ratio: Gain probability vs. loss probability	1.32	1.08	+0.24
Calmar ratio: Return relative to maximum drawdown	3.04	0.40	+2.65
Martin ratio: Return relative to average drawdown	10.84	1.11	+9.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDE vs. FGSAX - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.80, which is higher than the FGSAX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of MIDE and FGSAX, 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

	MIDE	FGSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.32	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.49	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	-0.01

Drawdowns

MIDE vs. FGSAX - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum FGSAX drawdown of -66.17%. Use the drawdown chart below to compare losses from any high point for MIDE and FGSAX.

Drawdown Indicators

	MIDE	FGSAX	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-66.17%	+41.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-13.73%	+4.37%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-24.51%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	-35.79%	+11.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.19%	—
Current Drawdown Current decline from peak	-0.04%	-3.06%	+3.02%
Average Drawdown Average peak-to-trough decline	-6.50%	-16.15%	+9.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.90%	-2.28%

Volatility

MIDE vs. FGSAX - Volatility Comparison

Xtrackers S&P MidCap 400 ESG ETF (MIDE) has a higher volatility of 4.59% compared to Federated Hermes MDT Mid Cap Growth Fund (FGSAX) at 3.54%. This indicates that MIDE's price experiences larger fluctuations and is considered to be riskier than FGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDE	FGSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	3.54%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	13.72%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	16.85%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	22.41%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	22.32%	-2.65%

MIDE vs. FGSAX - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than FGSAX's 1.15% expense ratio.

Dividends

MIDE vs. FGSAX - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.31%, less than FGSAX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGSAX Federated Hermes MDT Mid Cap Growth Fund	4.84%	4.92%	4.32%	0.00%	2.31%	25.75%	7.07%	8.13%	14.46%	13.93%	0.89%	25.34%
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.31%	1.52%	1.45%	1.36%	1.33%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIDE and FGSAX in my portfolio?

MIDE and FGSAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDE or FGSAX?

MIDE has higher volatility (4.59%) compared to FGSAX (3.54%). In terms of maximum drawdown, MIDE dropped -24.59% vs FGSAX's -66.17%.

Which has better risk-adjusted returns?

MIDE currently has the higher Sharpe Ratio (1.80 vs 0.32), 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.