Comparing ONEX and Federated Hermes

Which mid-cap finance company is the better investment?

Mar. 9, 2026 at 4:24am

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Federated Hermes (NYSE:FHI) and ONEX (OTCMKTS:ONEXF) are both mid-cap finance companies, but which is the better investment? The article compares the two companies based on factors like dividends, valuation, profitability, and institutional ownership to determine which is the more favorable stock.

Why it matters

This comparison is relevant for investors looking to allocate capital in the finance sector, as it provides an in-depth analysis of two prominent mid-cap players to help inform investment decisions.

The details

The key differences between the two companies are that Federated Hermes has a higher dividend yield of 2.4% compared to ONEX's 0.4%, and Federated Hermes is trading at a higher price-to-earnings ratio. However, ONEX has higher earnings per share and a lower valuation. Federated Hermes also has stronger institutional ownership at 75.9% versus ONEX's 0.7%.

  • The article was published on March 9, 2026.

The players

Federated Hermes

A publicly owned investment management firm based in Pittsburgh, Pennsylvania that provides services to individuals, institutions, and government entities.

ONEX

A private equity firm based in Toronto, Canada that specializes in acquisitions and platform investments across various industries.

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The takeaway

This analysis suggests that Federated Hermes may be the more favorable investment of the two, given its stronger dividend profile, institutional backing, and valuation metrics compared to ONEX. However, ONEX's higher earnings per share and lower price-to-earnings ratio indicate it could also be an attractive option for certain investors.