WHGIX vs. FMUAX
WHGIX (Westwood Income Opportunity Fund) and FMUAX (Federated Hermes Municipal and Stock Advantage Fund) are both Diversified Portfolio funds. Over the past 10 years, WHGIX returned 6.18%/yr vs 6.06%/yr for FMUAX. Their correlation of 0.83 suggests significant overlap in exposure. WHGIX charges 0.81%/yr vs 1.00%/yr for FMUAX.
Performance
WHGIX vs. FMUAX - Performance Comparison
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Returns By Period
In the year-to-date period, WHGIX achieves a 4.93% return, which is significantly lower than FMUAX's 6.76% return. Both investments have delivered pretty close results over the past 10 years, with WHGIX having a 6.18% annualized return and FMUAX not far behind at 6.06%.
WHGIX
- 1D
- 0.00%
- 1M
- -1.52%
- 6M
- 2.78%
- YTD
- 4.93%
- 1Y
- 13.11%
- 3Y*
- 10.16%
- 5Y*
- 4.49%
- 10Y*
- 6.18%
FMUAX
- 1D
- 0.06%
- 1M
- 0.66%
- 6M
- 5.56%
- YTD
- 6.76%
- 1Y
- 15.21%
- 3Y*
- 9.78%
- 5Y*
- 5.03%
- 10Y*
- 6.06%
WHGIX vs. FMUAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHGIX Westwood Income Opportunity Fund | 4.93% | 11.90% | 9.10% | 9.91% | -12.80% | 8.50% | 10.84% | 17.71% | -4.89% | 10.96% |
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 6.76% | 9.00% | 8.70% | 9.81% | -10.68% | 10.32% | 8.48% | 15.16% | -5.24% | 11.09% |
Correlation
The correlation between WHGIX and FMUAX is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2005 | 0.83 |
The correlation between WHGIX and FMUAX shifts across timeframes, from 0.68 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WHGIX vs. FMUAX — Risk / Return Rank
WHGIX
FMUAX
WHGIX vs. FMUAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood Income Opportunity Fund (WHGIX) and Federated Hermes Municipal and Stock Advantage Fund (FMUAX). 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.
| WHGIX | FMUAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.58 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.77 | -1.01 |
| Martin ratioReturn relative to average drawdown | 10.71 | 18.23 | -7.52 |
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Drawdowns
WHGIX vs. FMUAX - Drawdown Comparison
The maximum WHGIX drawdown since its inception was -24.14%, which is greater than FMUAX's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for WHGIX and FMUAX.
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Drawdown Indicators
| WHGIX | FMUAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.14% | -22.43% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -4.94% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -10.18% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -15.93% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -24.14% | -21.46% | -2.68% |
Current DrawdownCurrent decline from peak | -2.16% | -0.06% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -2.74% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.95% | +0.31% |
Volatility
WHGIX vs. FMUAX - Volatility Comparison
Westwood Income Opportunity Fund (WHGIX) and Federated Hermes Municipal and Stock Advantage Fund (FMUAX) have volatilities of 1.53% and 1.57%, 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
| WHGIX | FMUAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.57% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 4.86% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.15% | 6.23% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 7.21% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 8.13% | +0.83% |
WHGIX vs. FMUAX - Expense Ratio Comparison
WHGIX has a 0.81% expense ratio, which is lower than FMUAX's 1.00% expense ratio.
Dividends
WHGIX vs. FMUAX - Dividend Comparison
WHGIX's dividend yield for the trailing twelve months is around 2.68%, more than FMUAX's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 1.42% | 1.23% | 2.01% | 2.53% | 2.25% | 4.56% | 2.12% | 4.00% | 7.98% | 2.17% | 2.36% | 2.80% |
WHGIX Westwood Income Opportunity Fund | 2.68% | 3.28% | 4.33% | 3.49% | 3.03% | 10.97% | 7.83% | 29.20% | 6.78% | 3.45% | 1.04% | 1.58% |
Frequently Asked Questions
WHGIX and FMUAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMUAX has higher volatility (1.57%) compared to WHGIX (1.53%). In terms of maximum drawdown, WHGIX dropped -24.14% vs FMUAX's -22.43%.
FMUAX currently has the higher Sharpe Ratio (3.00 vs 1.90), 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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