XPTFX vs. BEARX
XPTFX (Federated Hermes Project and Trade Finance Tender Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - XPTFX is a Bank Loan fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 5 years, XPTFX returned 6.46%/yr vs -11.45%/yr for BEARX. At a correlation of -0.04, they often move in opposite directions. XPTFX charges 0.41%/yr vs 1.78%/yr for BEARX.
Performance
XPTFX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, XPTFX achieves a 3.23% return, which is significantly higher than BEARX's -6.07% return.
XPTFX
- 1D
- 0.00%
- 1M
- 0.49%
- YTD
- 3.23%
- 6M
- 3.36%
- 1Y
- 7.44%
- 3Y*
- 7.97%
- 5Y*
- 6.46%
- 10Y*
- —
BEARX
- 1D
- 0.00%
- 1M
- 2.59%
- YTD
- -6.07%
- 6M
- -5.46%
- 1Y
- -14.79%
- 3Y*
- -15.31%
- 5Y*
- -11.45%
- 10Y*
- -14.57%
XPTFX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 3.23% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -14.42% |
Correlation
The correlation between XPTFX and BEARX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | -0.04 |
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Return for Risk
XPTFX vs. BEARX — Risk / Return Rank
XPTFX
BEARX
XPTFX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| XPTFX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 4.22 | 0.78 | +3.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | -0.87 | +4.68 |
| Martin ratioReturn relative to average drawdown | 11.98 | -1.64 | +13.63 |
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Drawdowns
XPTFX vs. BEARX - Drawdown Comparison
The maximum XPTFX drawdown since its inception was -2.95%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for XPTFX and BEARX.
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Drawdown Indicators
| XPTFX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -95.75% | +92.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -17.71% | +15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -44.46% | +41.51% |
Max Drawdown (5Y)Largest decline over 5 years | -2.95% | -52.48% | +49.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -95.59% | +95.59% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -61.10% | +60.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 10.22% | -9.60% |
Volatility
XPTFX vs. BEARX - Volatility Comparison
The current volatility for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) is 0.20%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 5.53%. This indicates that XPTFX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPTFX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 5.53% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 10.11% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 12.34% | -9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.53% | 17.11% | -14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 16.71% | -14.70% |
XPTFX vs. BEARX - Expense Ratio Comparison
XPTFX has a 0.41% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
XPTFX vs. BEARX - Dividend Comparison
XPTFX's dividend yield for the trailing twelve months is around 6.02%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% | 0.00% |
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.02% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% |
Frequently Asked Questions
XPTFX and BEARX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (5.53%) compared to XPTFX (0.20%). In terms of maximum drawdown, XPTFX dropped -2.95% vs BEARX's -95.75%.
XPTFX currently has the higher Sharpe Ratio (2.54 vs -1.26), 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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