MNTRX vs. FMBPX
Compare and contrast key facts about Allspring Core Bond Fund (MNTRX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX).
MNTRX is managed by Allspring Global Investments. It was launched on Jun 30, 1997. FMBPX is managed by Federated. It was launched on Dec 20, 2007.
Performance
MNTRX vs. FMBPX - Performance Comparison
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MNTRX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | -0.61% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.18% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Returns By Period
In the year-to-date period, MNTRX achieves a -0.61% return, which is significantly lower than FMBPX's -0.18% return. Both investments have delivered pretty close results over the past 10 years, with MNTRX having a 1.43% annualized return and FMBPX not far ahead at 1.45%.
MNTRX
- 1D
- 0.45%
- 1M
- -2.38%
- YTD
- -0.61%
- 6M
- 0.31%
- 1Y
- 3.61%
- 3Y*
- 3.30%
- 5Y*
- -0.13%
- 10Y*
- 1.43%
FMBPX
- 1D
- 0.59%
- 1M
- -2.19%
- YTD
- -0.18%
- 6M
- 1.51%
- 1Y
- 5.46%
- 3Y*
- 3.90%
- 5Y*
- 0.19%
- 10Y*
- 1.45%
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MNTRX vs. FMBPX - Expense Ratio Comparison
MNTRX has a 0.70% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Return for Risk
MNTRX vs. FMBPX — Risk / Return Rank
MNTRX
FMBPX
MNTRX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Bond Fund (MNTRX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| MNTRX | FMBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.25 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.87 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.11 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.91 | 5.85 | -0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNTRX | FMBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.25 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.03 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.29 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.25 | +0.67 |
Correlation
The correlation between MNTRX and FMBPX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MNTRX vs. FMBPX - Dividend Comparison
MNTRX's dividend yield for the trailing twelve months is around 3.75%, less than FMBPX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | 3.75% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.60% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Drawdowns
MNTRX vs. FMBPX - Drawdown Comparison
The maximum MNTRX drawdown since its inception was -19.36%, which is greater than FMBPX's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for MNTRX and FMBPX.
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Drawdown Indicators
| MNTRX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.36% | -18.34% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.15% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -18.02% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -19.36% | -18.34% | -1.02% |
Current DrawdownCurrent decline from peak | -4.01% | -2.19% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -3.29% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.13% | -0.17% |
Volatility
MNTRX vs. FMBPX - Volatility Comparison
Allspring Core Bond Fund (MNTRX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX) have volatilities of 1.58% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNTRX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.53% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.02% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 5.44% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 6.72% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 5.08% | -0.14% |