- ISIN
- US31421P2092
- Issuer
- Federated
- Inception Date
- Dec 24, 2008
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FHYSX Performance Chart
Federated Hermes High-Yield Strategy Portfolio (FHYSX) is up 1.0% since the beginning of the year. FHYSX is currently trading at $12 per share. Investors who bought $1,000 worth of FHYSX shares 5 years ago would now be looking at an investment worth $1,163.
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Returns By Period
Federated Hermes High-Yield Strategy Portfolio (FHYSX) has returned 0.96% so far this year and 4.60% over the past 12 months. Over the last ten years, FHYSX has returned 4.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Federated Hermes High-Yield Strategy Portfolio
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- 0.77%
- YTD
- 0.96%
- 1Y
- 4.60%
- 3Y*
- 7.42%
- 5Y*
- 3.07%
- 10Y*
- 4.94%
- ALL TIME*
- 4.44%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FHYSX Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2009, FHYSX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jul 2009 with a return of +5.3%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FHYSX closed higher 35% of trading days. The best single day was Mar 26, 2020 with a return of +3.7%, while the worst single day was Mar 18, 2020 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18% | 0.34% | -1.24% | 1.56% | 0.53% | 0.37% | -0.77% | 0.96% | |||||
| 2025 | 1.43% | 0.68% | -0.84% | 0.52% | 1.38% | 1.80% | 0.10% | 1.44% | 0.50% | 0.37% | 0.56% | 0.86% | 9.14% |
| 2024 | -0.14% | -0.01% | 1.21% | -1.05% | 1.05% | 0.52% | 1.73% | 1.57% | 1.63% | -0.65% | 0.88% | -0.46% | 6.42% |
| 2023 | 3.97% | -1.42% | 1.11% | 0.63% | -1.15% | 1.84% | 1.63% | 0.55% | -1.22% | -2.09% | 4.71% | 3.81% | 12.77% |
| 2022 | -2.50% | -1.00% | -0.60% | -3.93% | -0.05% | -7.20% | 4.65% | -2.25% | -4.84% | 3.04% | 1.89% | -0.61% | -13.16% |
| 2021 | -0.30% | 0.15% | 0.32% | 0.92% | 0.31% | 1.37% | 0.37% | 0.60% | -0.08% | -0.46% | -0.84% | 2.09% | 4.49% |
Benchmark Metrics
Federated Hermes High-Yield Strategy Portfolio has an annualized alpha of 2.58%, beta of 0.14, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since July 01, 2009.
- This fund participated in 38.58% of S&P 500 Index downside but only 30.19% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.23 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 0.23 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
- 2.58%
- Beta
- 0.14
- R²
- 0.23
- Upside Capture
- 30.19%
- Downside Capture
- 38.58%
Expense Ratio
FHYSX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
FHYSX ranks 69 for risk / return — above 69% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) 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.
| FHYSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.00 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.39 | 8.49 | +1.90 |
Dividends
Dividend History
Federated Hermes High-Yield Strategy Portfolio provided a 5.84% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.75 | $0.68 | $0.61 | $0.57 | $0.60 | $0.76 | $0.82 | $0.81 | $0.93 | $0.85 | $1.02 |
Dividend yield | 5.84% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes High-Yield Strategy Portfolio. 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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.37 | |||||
| 2025 | $0.08 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.75 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.08 | $0.68 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.07 | $0.61 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | $0.07 | $0.06 | $0.57 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.60 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes High-Yield Strategy Portfolio. 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 High-Yield Strategy Portfolio was 21.45%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
The current Federated Hermes High-Yield Strategy Portfolio drawdown is 0.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.45%Mar 2020 | 1mo 1d | 4mo 15d | 5mo 16dFeb 2020 - Aug 2020 | COVID crash2020 |
-16.93%Sep 2022 | 8mo 29d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 | Bear market2022 |
-11.31%Feb 2016 | 2y 9mo | 3mo 26d | 3y 28dMay 2013 - Jun 2016 | — |
-10.99%Oct 2011 | 4mo 17d | 11mo 13d | 1y 3moMay 2011 - Sep 2012 | — |
-5.66%Dec 2018 | 2mo 23d | 1mo 6d | 3mo 29dOct 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| FHYSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -56.78% | +35.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -9.10% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -18.90% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -25.43% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -33.92% | +12.47% |
Current DrawdownCurrent decline from peak | -0.93% | -1.58% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -10.70% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.14% | -1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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