FHHIX Alternatives & Similar Mutual Funds

Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FHHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FHHIX

FHHIX charges 1.57% annually. There are 165 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	FHHIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	FHHIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FHHIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	FHHIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FHHIX vs CRDOX

Best Risk-Adjusted Alternatives to FHHIX

FHHIX has a PortfoliosLab risk / return rank of 77. There are 84 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	FHHIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FHHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	FHHIX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	FHHIX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	FHHIX vs PSHNX

Top Performing FHHIX Alternatives (YTD)

FHHIX is at 1.63% YTD. There are 86 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.52%	—	Nov 1977	FHHIX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.28%	—	Dec 2014	FHHIX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.73%	—	Oct 2018	FHHIX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.68%	—	Jul 1995	FHHIX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	FHHIX vs FAHYX

Lowest Volatility Alternatives to FHHIX

FHHIX has 2.59% 1-year volatility. There are 25 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	FHHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	FHHIX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	FHHIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	FHHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	FHHIX vs OSTIX

Lowest Drawdown Alternatives to FHHIX

FHHIX has a 1-year max drawdown of -2.71%. There are 135 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	FHHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FHHIX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FHHIX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FHHIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FHHIX vs SCFIX

Other Mutual Funds from Federated

The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	78	8.76%	—	Mar 2005	FHHIX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	22	5.22%	—	Sep 2005	FHHIX vs QILGX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	6	-1.55%	—	Sep 2008	FHHIX vs QAMNX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	15	9.43%	—	Feb 1986	FHHIX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	47	5.92%	—	Oct 2002	FHHIX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	-0.33%	—	Aug 1984	FHHIX vs FGSAX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-7.92%	—	Dec 1995	FHHIX vs BEARX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	65	1.16%	—	Nov 2002	FHHIX vs FIHBX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	55	1.34%	—	Aug 1984	FHHIX vs FHYTX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	37	10.83%	—	Feb 1996	FHHIX vs ISCAX

Often Compared With FHHIX

Investors most often compare FHHIX with FOCIX, PRFRX, JGH. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	38	6.44%	—	Dec 2009	FHHIX vs FOCIX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	0.95%	—	Jul 2011	FHHIX vs PRFRX
JGH	Nuveen Global High Income Fund	High Yield Bonds	15	5.00%	—	Nov 2014	FHHIX vs JGH
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	68	1.69%	—	Sep 2013	FHHIX vs RSIIX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	1.91%	—	Feb 2011	FHHIX vs SHYPX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.06%	—	Feb 2011	FHHIX vs SHOYX

Compare FHHIX with Any Fund or Stock

Compare FHHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FHHIX with funds that move differently

Federated Hermes SDG Engagement High Yield Credit Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHHIX.

Explore FHHIX Diversifiers

Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) Alternatives