- CUSIP
- 31428U615
- Issuer
- Federated Hermes
- Inception Date
- Oct 2, 1996
- Category
- Emerging Markets Bonds
- Index Tracked
- J.P. Morgan Emerging Markets Bond Index Global Diversified
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
EMDIX Performance Chart
Federated Hermes Emerging Market Debt Fund Institutional Shares (EMDIX) is up 3.4% since the beginning of the year. EMDIX is currently trading at $9 per share. Investors who bought $1,000 worth of EMDIX shares 5 years ago would now be looking at an investment worth $1,203.
Loading charts...
Returns By Period
Federated Hermes Emerging Market Debt Fund Institutional Shares (EMDIX) has returned 3.39% so far this year and 15.09% over the past 12 months. Over the last ten years, EMDIX has returned 4.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Federated Hermes Emerging Market Debt Fund Institutional Shares
- 1D
- -0.22%
- 1M
- 1.98%
- YTD
- 3.39%
- 6M
- 3.97%
- 1Y
- 15.09%
- 3Y*
- 12.29%
- 5Y*
- 3.77%
- 10Y*
- 4.63%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EMDIX Monthly Returns History
Based on dividend-adjusted daily data since Mar 30, 2012, EMDIX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +6.9%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMDIX closed higher 45% of trading days. The best single day was Nov 20, 2017 with a return of +3.9%, while the worst single day was Mar 18, 2020 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.20% | 0.33% | -4.77% | 3.66% | 1.38% | 0.75% | 3.39% | ||||||
| 2025 | 2.33% | 0.71% | -0.63% | 0.00% | 1.90% | 2.73% | 1.21% | 2.15% | 2.22% | 1.26% | 0.79% | 1.46% | 17.32% |
| 2024 | -0.67% | 0.67% | 2.28% | -1.84% | 1.47% | -0.13% | 1.85% | 2.73% | 2.28% | -2.23% | 1.25% | -1.37% | 6.31% |
| 2023 | 4.44% | -3.49% | 1.03% | 0.29% | -0.67% | 4.55% | 2.75% | -2.12% | -2.02% | -0.19% | 5.74% | 3.95% | 14.65% |
| 2022 | -1.45% | -5.03% | -2.91% | -3.82% | -0.21% | -7.04% | 1.88% | 0.61% | -5.96% | -0.05% | 6.85% | 0.65% | -16.00% |
| 2021 | -0.64% | -1.24% | -2.07% | 2.55% | 1.58% | 0.10% | -0.11% | 0.77% | -1.88% | -1.00% | -2.37% | 1.38% | -3.01% |
Benchmark Metrics
Federated Hermes Emerging Market Debt Fund Institutional Shares has an annualized alpha of 1.96%, beta of 0.16, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since March 30, 2012.
- This fund participated in 52.54% of S&P 500 Index downside but only 35.80% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.16 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.16 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.96%
- Beta
- 0.16
- R²
- 0.16
- Upside Capture
- 35.80%
- Downside Capture
- 52.54%
Expense Ratio
EMDIX has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EMDIX ranks 80 for risk / return — better than 80% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes Emerging Market Debt Fund Institutional Shares (EMDIX) and compare them to S&P 500 Index.
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.
| EMDIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.37 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | 11.53 | 12.44 | -0.91 |
Dividends
Dividend History
Federated Hermes Emerging Market Debt Fund Institutional Shares provided a 2.44% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.03 | $0.22 | $0.23 | $0.38 | $0.18 | $0.33 | $0.18 | $0.34 | $0.67 | $0.28 | $0.33 |
Dividend yield | 2.44% | 0.29% | 2.83% | 3.13% | 5.61% | 2.17% | 3.71% | 2.08% | 4.25% | 7.78% | 3.38% | 4.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Emerging Market Debt Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.00 | $0.04 | $0.04 | $0.04 | $0.05 | $0.22 | ||||||
| 2025 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.08 | $0.22 |
| 2023 | $0.02 | $0.02 | $0.00 | $0.01 | $0.01 | $0.03 | $0.00 | $0.01 | $0.01 | $0.01 | $0.04 | $0.09 | $0.23 |
| 2022 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.04 | $0.10 | $0.38 |
| 2021 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.06 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Emerging Market Debt Fund Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Emerging Market Debt Fund Institutional Shares was 27.01%, occurring on Oct 21, 2022. Recovery took 478 trading sessions.
The current Federated Hermes Emerging Market Debt Fund Institutional Shares drawdown is 0.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -27.01%Oct 2022 | 1y 1mo | 1y 11mo | 3y 2dSep 2021 - Sep 2024 |
COVID crash2020 | -20.17%Mar 2020 | 28d | 7mo 28d | 8mo 26dFeb 2020 - Nov 2020 |
2016 correction2016 | -16.89%Jan 2016 | 2y 8mo | 1y 2mo | 3y 11moMay 2013 - Apr 2017 |
Rate-hike selloffLate 2018 | -9.26%Sep 2018 | 7mo 8d | 9mo 6d | 1y 4moJan 2018 - Jun 2019 |
2026 pullback2026 | -5.72%Mar 2026 | 1mo 11d | 2mo 14d | 3mo 25dFeb 2026 - Jun 2026 |
Drawdown Indicators
| EMDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.01% | -56.78% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -9.10% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | -18.90% | +12.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.01% | -25.43% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -27.01% | -33.92% | +6.91% |
Current DrawdownCurrent decline from peak | -0.54% | -1.80% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -10.71% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.03% | -0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with EMDIX
Add Federated Hermes Emerging Market Debt Fund Institutional Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with EMDIX