SINCX vs. KAUFX

Last updated Jun 23, 2026

SINCX (Federated Hermes Strategic Income Fund) and KAUFX (Federated Hermes Kaufmann Fd) are both mutual funds - SINCX is a Multisector Bonds fund managed by Federated, while KAUFX is a Mid Cap Growth Equities fund managed by Federated. Over the past 10 years, SINCX returned 3.11%/yr vs 12.05%/yr for KAUFX. At a 0.30 correlation, their price movements are largely independent. SINCX charges 1.69%/yr vs 1.96%/yr for KAUFX.

Performance

SINCX vs. KAUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Strategic Income Fund (SINCX) and Federated Hermes Kaufmann Fd (KAUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SINCX achieves a 1.44% return, which is significantly lower than KAUFX's 9.43% return. Over the past 10 years, SINCX has underperformed KAUFX with an annualized return of 3.11%, while KAUFX has yielded a comparatively higher 12.05% annualized return.

SINCX

• 1D: 0.12%
• 1M: 0.84%
• YTD: 1.44%
• 6M: 1.63%
• 1Y: 6.68%
• 3Y*: 6.65%
• 5Y*: 1.32%
• 10Y*: 3.11%

KAUFX

• 1D: 1.65%
• 1M: 6.77%
• YTD: 9.43%
• 6M: 7.52%
• 1Y: 17.06%
• 3Y*: 19.43%
• 5Y*: 5.16%
• 10Y*: 12.05%

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

SINCX vs. KAUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SINCX Federated Hermes Strategic Income Fund	1.44%	7.91%	4.64%	8.66%	-14.44%	2.83%	5.67%	11.89%	-4.11%	5.38%
KAUFX Federated Hermes Kaufmann Fd	9.43%	12.18%	29.84%	14.88%	-30.30%	2.46%	28.54%	32.56%	4.03%	27.65%

Correlation

The correlation between SINCX and KAUFX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.30

The correlation between SINCX and KAUFX shifts across timeframes, from 0.30 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SINCX vs. KAUFX — Risk / Return Rank

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

SINCX

SINCX Risk / Return Rank: 54
SINCX Sharpe Ratio Rank: 47
SINCX Sortino Ratio Rank: 47
SINCX Omega Ratio Rank: 69
SINCX Calmar Ratio Rank: 53
SINCX Martin Ratio Rank: 56

KAUFX

KAUFX Risk / Return Rank: 15
KAUFX Sharpe Ratio Rank: 13
KAUFX Sortino Ratio Rank: 14
KAUFX Omega Ratio Rank: 15
KAUFX Calmar Ratio Rank: 13
KAUFX Martin Ratio Rank: 18

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.

SINCX vs. KAUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Strategic Income Fund (SINCX) and Federated Hermes Kaufmann Fd (KAUFX). 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.

	SINCX	KAUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.95	+0.92
Sortino ratio: Return per unit of downside risk	2.66	1.45	+1.21
Omega ratio: Gain probability vs. loss probability	1.42	1.19	+0.23
Calmar ratio: Return relative to maximum drawdown	2.66	1.13	+1.53
Martin ratio: Return relative to average drawdown	10.57	4.37	+6.19

SINCX vs. KAUFX - Sharpe Ratio Comparison

The current SINCX Sharpe Ratio is 1.86, which is higher than the KAUFX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SINCX and KAUFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SINCX vs. KAUFX - Drawdown Comparison

The maximum SINCX drawdown since its inception was -22.41%, smaller than the maximum KAUFX drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for SINCX and KAUFX.

Drawdown Indicators

	SINCX	KAUFX	Difference
Max Drawdown Largest peak-to-trough decline	-22.41%	-54.66%	+32.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-14.83%	+12.26%
Max Drawdown (3Y) Largest decline over 3 years	-5.54%	-22.58%	+17.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-40.76%	+21.40%
Max Drawdown (10Y) Largest decline over 10 years	-19.36%	-40.76%	+21.40%
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-2.43%	-11.18%	+8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	3.82%	-3.17%

Volatility

SINCX vs. KAUFX - Volatility Comparison

The current volatility for Federated Hermes Strategic Income Fund (SINCX) is 1.04%, while Federated Hermes Kaufmann Fd (KAUFX) has a volatility of 6.62%. This indicates that SINCX experiences smaller price fluctuations and is considered to be less risky than KAUFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SINCX	KAUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	6.62%	-5.58%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	14.70%	-11.58%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	17.70%	-14.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	21.08%	-15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.27%	20.90%	-15.63%

SINCX vs. KAUFX - Expense Ratio Comparison

SINCX has a 1.69% expense ratio, which is lower than KAUFX's 1.96% expense ratio.

Dividends

SINCX vs. KAUFX - Dividend Comparison

SINCX's dividend yield for the trailing twelve months is around 4.19%, less than KAUFX's 9.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KAUFX Federated Hermes Kaufmann Fd	9.84%	10.76%	22.39%	1.89%	0.00%	9.77%	6.94%	11.75%	15.74%	11.76%	10.48%	16.34%
SINCX Federated Hermes Strategic Income Fund	4.19%	3.96%	4.05%	4.03%	3.81%	2.59%	2.60%	2.63%	3.49%	3.23%	3.44%	3.01%

Frequently Asked Questions

Can I hold both SINCX and KAUFX in my portfolio?

SINCX and KAUFX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SINCX or KAUFX?

KAUFX has higher volatility (6.62%) compared to SINCX (1.04%). In terms of maximum drawdown, SINCX dropped -22.41% vs KAUFX's -54.66%.

Which has better risk-adjusted returns?

SINCX currently has the higher Sharpe Ratio (1.86 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.