Federated Hermes Short Duration High Yield ETF (FHYS) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FHYS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FHYS
FHYS charges 0.51% annually. There are 87 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.75B | Jul 2023 | FHYS vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | FHYS vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | FHYS vs NHYB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | FHYS vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.59B | Oct 2017 | FHYS vs USHY |
Best Risk-Adjusted Alternatives to FHYS
FHYS has a PortfoliosLab risk / return rank of 84. There are 14 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | FHYS vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | FHYS vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 92 | 259.69M | Dec 2013 | FHYS vs HYZD | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 90 | 865.81M | Sep 2019 | FHYS vs BSJR | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.57M | Nov 2024 | FHYS vs LDRH |
Top Performing FHYS Alternatives (YTD)
FHYS is at 1.69% YTD. There are 57 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 6.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 6.35% | — | Aug 2025 | FHYS vs DADS | |
| Man Active High Yield ETF | 5.89% | 19.82M | Sep 2025 | FHYS vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.23% | 521.46M | May 2012 | FHYS vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.07% | 185.42M | May 2013 | FHYS vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 596.69M | May 2014 | FHYS vs HYGH |
Lowest Volatility Alternatives to FHYS
FHYS has 2.69% 1-year volatility. There are 10 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FHYS vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.30% | 870.26M | Aug 2018 | FHYS vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | FHYS vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.73% | 4.98M | Feb 2026 | FHYS vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | FHYS vs BSJR |
Lowest Drawdown Alternatives to FHYS
FHYS has a 1-year max drawdown of -1.66%. There are 13 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | FHYS vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | FHYS vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | FHYS vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | FHYS vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | FHYS vs IBHH |
Other ETFs from Federated
The 9 most viewed Federated ETFs shown here include FDV, FCSH, MKTN and span 10 categories. AUM among these funds goes as high as $799M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes U.S. Strategic Dividend ETF | Large Cap Value Equities | — | — | 799.10M | Nov 2022 | FHYS vs FDV | |
| Federated Hermes Short Duration Corporate ETF | Short-Term Bond | 68 | 0.48% | 65.50M | Dec 2021 | FHYS vs FCSH | |
| Federated Hermes MDT Market Neutral ETF | Equity Market Neutral, Long-Short, Actively Managed | — | 6.46% | 106.80M | Sep 2025 | FHYS vs MKTN | |
| Federated Hermes MDT Large Cap Core ETF | Large Cap Blend Equities | 50 | 10.61% | 113.30M | Jul 2024 | FHYS vs FLCC | |
| Federated Hermes MDT Small Cap Core ETF | Small Cap Blend Equities | 76 | 17.26% | 309.30M | Jul 2024 | FHYS vs FSCC | |
| Federated Hermes Total Return Bond ETF | Intermediate Core-Plus Bond | 34 | -0.51% | 592.20M | Jan 2024 | FHYS vs FTRB | |
| Federated Hermes MDT Large Cap Value ETF | Large Cap Value Equities | 91 | 18.87% | 97.20M | Jul 2024 | FHYS vs FLCV | |
| Federated Hermes MDT Large Cap Growth ETF | Large Cap Growth Equities | 22 | 2.09% | 558.70M | Jul 2024 | FHYS vs FLCG | |
| Federated Hermes Enhanced Income ETF | Derivative Income | — | 15.39% | — | Oct 2025 | FHYS vs PAYR |
Often Compared With FHYS
Investors most often compare FHYS with BSJP, SGOV, VCSH. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FHYS with Any Fund or Stock
Compare FHYS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHYS with funds that move differently
Federated Hermes Short Duration High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHYS.
Explore FHYS Diversifiers