SVAAX vs. SVAIX
SVAAX (Federated Hermes Strategic Value Dividend Fund Class A) and SVAIX (Federated Hermes Strategic Value Dividend Fund) are both mutual funds - SVAAX is a Dividend fund actively managed by Federated, while SVAIX is a Large Cap Value Equities fund managed by Federated. Over the past 10 years, SVAAX returned 8.14%/yr vs 8.46%/yr for SVAIX. Their 0.99 correlation means they have historically moved very closely together. SVAAX charges 1.06%/yr vs 0.81%/yr for SVAIX.
Performance
SVAAX vs. SVAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SVAAX having a 14.99% return and SVAIX slightly higher at 15.38%. Both investments have delivered pretty close results over the past 10 years, with SVAAX having a 8.14% annualized return and SVAIX not far ahead at 8.46%.
SVAAX
- 1D
- -0.14%
- 1M
- 2.17%
- 6M
- 6.94%
- YTD
- 14.99%
- 1Y
- 22.39%
- 3Y*
- 16.77%
- 5Y*
- 11.48%
- 10Y*
- 8.14%
- ALL TIME*
- 7.73%
SVAIX
- 1D
- -0.14%
- 1M
- 2.17%
- 6M
- 7.33%
- YTD
- 15.38%
- 1Y
- 22.86%
- 3Y*
- 17.28%
- 5Y*
- 11.87%
- 10Y*
- 8.46%
- ALL TIME*
- 8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SVAAX vs. SVAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVAAX Federated Hermes Strategic Value Dividend Fund Class A | 14.99% | 14.42% | 16.29% | -2.07% | 8.07% | 21.36% | -8.15% | 19.42% | -8.44% | 14.69% |
SVAIX Federated Hermes Strategic Value Dividend Fund | 15.38% | 15.26% | 16.47% | -1.81% | 8.47% | 21.52% | -7.88% | 19.59% | -8.23% | 15.10% |
Correlation
The correlation between SVAAX and SVAIX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.99 |
The correlation between SVAAX and SVAIX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SVAAX vs. SVAIX — Risk / Return Rank
SVAAX
SVAIX
SVAAX vs. SVAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) and Federated Hermes Strategic Value Dividend Fund (SVAIX). 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.
| SVAAX | SVAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 6.36 | -0.20 |
| Martin ratioReturn relative to average drawdown | 16.32 | 17.14 | -0.82 |
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Drawdowns
SVAAX vs. SVAIX - Drawdown Comparison
The maximum SVAAX drawdown since its inception was -51.16%, roughly equal to the maximum SVAIX drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for SVAAX and SVAIX.
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Drawdown Indicators
| SVAAX | SVAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.16% | -50.62% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -4.66% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -12.64% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.13% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -36.53% | +0.06% |
Current DrawdownCurrent decline from peak | -1.78% | -1.77% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -7.66% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.64% | +0.05% |
Volatility
SVAAX vs. SVAIX - Volatility Comparison
Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) has a higher volatility of 4.18% compared to Federated Hermes Strategic Value Dividend Fund (SVAIX) at 3.98%. This indicates that SVAAX's price experiences larger fluctuations and is considered to be riskier than SVAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVAAX | SVAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.98% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 8.56% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 11.13% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 13.77% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 15.49% | -0.05% |
SVAAX vs. SVAIX - Expense Ratio Comparison
SVAAX has a 1.06% expense ratio, which is higher than SVAIX's 0.81% expense ratio.
Dividends
SVAAX vs. SVAIX - Dividend Comparison
SVAAX's dividend yield for the trailing twelve months is around 5.64%, less than SVAIX's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVAAX Federated Hermes Strategic Value Dividend Fund Class A | 5.64% | 5.80% | 7.38% | 4.10% | 9.49% | 3.50% | 4.06% | 8.55% | 8.39% | 10.16% | 5.00% | 8.45% |
SVAIX Federated Hermes Strategic Value Dividend Fund | 6.10% | 6.41% | 7.58% | 4.32% | 9.68% | 3.72% | 4.28% | 8.75% | 8.54% | 10.36% | 5.24% | 8.67% |
Frequently Asked Questions
With a correlation of 0.99, SVAAX and SVAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SVAAX has higher volatility (4.18%) compared to SVAIX (3.98%). In terms of maximum drawdown, SVAAX dropped -51.16% vs SVAIX's -50.62%.
SVAIX currently has the higher Sharpe Ratio (2.67 vs 2.59), 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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