SMMD vs. FHUMX
SMMD (iShares Russell 2500 ETF) and FHUMX (Federated Hermes U.S. SMID Fund) are both funds - SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index, while FHUMX is a Mid Cap Blend Equities fund managed by Federated. Over the past 5 years, SMMD returned 7.75%/yr vs 5.78%/yr for FHUMX. Their correlation of 0.91 suggests significant overlap in exposure. SMMD charges 0.15%/yr vs 0.79%/yr for FHUMX.
Performance
SMMD vs. FHUMX - Performance Comparison
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Returns By Period
In the year-to-date period, SMMD achieves a 18.99% return, which is significantly higher than FHUMX's 11.99% return.
SMMD
- 1D
- 0.52%
- 1M
- 3.44%
- YTD
- 18.99%
- 6M
- 17.98%
- 1Y
- 36.93%
- 3Y*
- 19.07%
- 5Y*
- 7.75%
- 10Y*
- —
FHUMX
- 1D
- 1.94%
- 1M
- 3.95%
- YTD
- 11.99%
- 6M
- 10.24%
- 1Y
- 14.82%
- 3Y*
- 10.67%
- 5Y*
- 5.78%
- 10Y*
- —
SMMD vs. FHUMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 18.99% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 35.31% |
FHUMX Federated Hermes U.S. SMID Fund | 11.99% | -1.38% | 9.90% | 21.92% | -16.51% | 22.94% | 27.31% |
Correlation
The correlation between SMMD and FHUMX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | 0.91 |
The correlation between SMMD and FHUMX shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMMD vs. FHUMX — Risk / Return Rank
SMMD
FHUMX
SMMD vs. FHUMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) and Federated Hermes U.S. SMID Fund (FHUMX). 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.
| SMMD | FHUMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.17 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.58 | +2.26 |
| Martin ratioReturn relative to average drawdown | 14.65 | 4.64 | +10.01 |
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
| SMMD | FHUMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.94 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.28 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.57 | -0.07 |
Drawdowns
SMMD vs. FHUMX - Drawdown Comparison
The maximum SMMD drawdown since its inception was -41.06%, which is greater than FHUMX's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for SMMD and FHUMX.
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Drawdown Indicators
| SMMD | FHUMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -29.48% | -11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -11.58% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -25.50% | -29.48% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -29.48% | +1.22% |
Current DrawdownCurrent decline from peak | -0.11% | -2.14% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -8.20% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.86% | -1.33% |
Volatility
SMMD vs. FHUMX - Volatility Comparison
The current volatility for iShares Russell 2500 ETF (SMMD) is 5.01%, while Federated Hermes U.S. SMID Fund (FHUMX) has a volatility of 5.70%. This indicates that SMMD experiences smaller price fluctuations and is considered to be less risky than FHUMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMD | FHUMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 5.70% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 15.00% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 19.42% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 21.23% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 21.05% | +1.31% |
SMMD vs. FHUMX - Expense Ratio Comparison
SMMD has a 0.15% expense ratio, which is lower than FHUMX's 0.79% expense ratio.
Dividends
SMMD vs. FHUMX - Dividend Comparison
SMMD's dividend yield for the trailing twelve months is around 1.05%, less than FHUMX's 7.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FHUMX Federated Hermes U.S. SMID Fund | 7.64% | 8.56% | 0.93% | 4.41% | 2.77% | 4.05% | 0.08% | 0.00% | 0.00% | 0.00% |
SMMD iShares Russell 2500 ETF | 1.05% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% |
Frequently Asked Questions
SMMD and FHUMX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHUMX has higher volatility (5.70%) compared to SMMD (5.01%). In terms of maximum drawdown, SMMD dropped -41.06% vs FHUMX's -29.48%.
SMMD currently has the higher Sharpe Ratio (2.16 vs 0.94), 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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