Federated Hermes High-Yield Strategy Portfolio (FHYSX) Alternatives

Federated Hermes High-Yield Strategy Portfolio (FHYSX) 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 FHYSX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FHYSX

FHYSX charges 0.02% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among FHYSX alternatives.

Symbol	Name	Expense Ratio	Inception
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	Nov 12, 2001	FHYSX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	Dec 26, 2017	FHYSX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	Dec 27, 1978	FHYSX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	Nov 22, 2020	FHYSX vs CRDOX
RITGX	American Funds American High-Income Trust® Class R...	0.32%	Aug 4, 2008	FHYSX vs RITGX

Best Risk-Adjusted Alternatives to FHYSX

Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XILSX	Pioneer ILS Interval Fund	100	Dec 16, 2014	FHYSX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	Mar 6, 2019	FHYSX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	Sep 30, 2010	FHYSX vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	99	Jul 29, 2011	FHYSX vs PRFRX
PRCPX	T. Rowe Price Credit Opportunities Fund	98	Apr 29, 2014	FHYSX vs PRCPX

Top Performing FHYSX Alternatives (YTD)

FHYSX alternatives from the High Yield Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
FOCIX	Fairholme Focused Income Fund	6.93%	Dec 31, 2009	FHYSX vs FOCIX
XILSX	Pioneer ILS Interval Fund	5.18%	Dec 16, 2014	FHYSX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	1.02%	Sep 30, 2010	FHYSX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.96%	Mar 6, 2019	FHYSX vs CCLFX
FQTIX	Franklin Templeton SMACS: Series I	0.52%	Jun 3, 2019	FHYSX vs FQTIX

Lowest Volatility Alternatives to FHYSX

FHYSX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.97%	Sep 30, 2010	FHYSX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.97%	Mar 6, 2019	FHYSX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.71%	Jul 15, 2014	FHYSX vs CWFIX
CPMPX	Changing Parameters Fund	1.90%	Oct 2, 2006	FHYSX vs CPMPX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.96%	Oct 31, 2012	FHYSX vs SCFIX

Lowest Drawdown Alternatives to FHYSX

FHYSX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
XILSX	Pioneer ILS Interval Fund	-0.21%	Dec 16, 2014	FHYSX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.41%	Sep 30, 2010	FHYSX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.46%	Mar 6, 2019	FHYSX vs CCLFX
THHYX	Toews Tactical Income Fund	-1.12%	Jun 4, 2010	FHYSX vs THHYX
CPMPX	Changing Parameters Fund	-1.31%	Oct 2, 2006	FHYSX vs CPMPX

Other Mutual Funds from Federated

Most popular Federated mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	24	-12.41%	Sep 15, 2005	FHYSX vs QILGX
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	77	8.28%	Mar 30, 2005	FHYSX vs SVAIX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	72	1.41%	Sep 30, 2008	FHYSX vs QAMNX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	13	-12.10%	Feb 21, 1986	FHYSX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	42	-7.69%	Oct 1, 2002	FHYSX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	12	-9.53%	Aug 23, 1984	FHYSX vs FGSAX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	76	-2.24%	Aug 23, 1984	FHYSX vs FHYTX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	86	-1.88%	Nov 1, 2002	FHYSX vs FIHBX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	75	-3.05%	Feb 27, 1996	FHYSX vs ISCAX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities, Leveraged	2	8.44%	Dec 27, 1995	FHYSX vs BEARX

Often Compared With FHYSX

What investors most often compare with FHYSX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
EIFAX	Eaton Vance Floating-Rate Advantage Fund	Bank Loan	50	-1.98%	Mar 16, 2008	FHYSX vs EIFAX
JHPI	John Hancock Preferred Income ETF	Preferred Stock/Convertible Bonds	79	-0.26%	Dec 14, 2021	FHYSX vs JHPI
SPHY	SPDR Portfolio High Yield Bond ETF	High Yield Bonds	79	-0.32%	Jun 18, 2012	FHYSX vs SPHY
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	98	-0.25%	Dec 31, 1984	FHYSX vs PRHYX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	88	-1.39%	Oct 31, 2011	FHYSX vs PHYQX
ICSH	iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	100	0.74%	Dec 11, 2013	FHYSX vs ICSH
FFRHX	Fidelity Floating Rate High Income Fund	High Yield Bonds	84	-0.61%	Aug 16, 2000	FHYSX vs FFRHX
FAGIX	Fidelity Capital & Income Fund	High Yield Bonds	91	-0.85%	Nov 1, 1977	FHYSX vs FAGIX
BJBHX	abrdn Global High Income Fund	High Yield Bonds	68	-0.98%	Dec 17, 2002	FHYSX vs BJBHX
BSL	Blackstone Senior Floating Rate 2027 Term Fund	High Yield Bonds	4	-2.74%	May 26, 2010	FHYSX vs BSL
CIF	MFS Intermediate High Income Fund	High Yield Bonds	15	-2.21%	Jul 21, 1988	FHYSX vs CIF
PHYIX	Putnam High Yield Fund	High Yield Bonds	86	-1.26%	Mar 25, 1986	FHYSX vs PHYIX
TMAYX	Touchstone Ares Credit Opportunities Fund Class Y	High Yield Bonds	81	-0.58%	Aug 31, 2015	FHYSX vs TMAYX
DLHYX	MassMutual High Yield Fund	High Yield Bonds	87	-1.25%	Sep 5, 2000	FHYSX vs DLHYX
NEFHX	Loomis Sayles High Income Fund	High Yield Bonds	41	-1.59%	Feb 22, 1984	FHYSX vs NEFHX
APHFX	Artisan High Income Fund Class I	High Yield Bonds	84	-1.94%	Oct 3, 2016	FHYSX vs APHFX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	92	-1.08%	Oct 31, 2011	FHYSX vs EIAMX
CHYDX	Calamos High Income Opportunities Fund	High Yield Bonds	85	-0.47%	Aug 2, 1999	FHYSX vs CHYDX
MDHVX	MainStay MacKay Short Duration High Yield Fund	High Yield Bonds	79	-0.31%	Dec 17, 2012	FHYSX vs MDHVX
MHOIX	MFS Global High Yield Fund	High Yield Bonds	88	-1.41%	Jul 1, 1998	FHYSX vs MHOIX

Compare FHYSX with Any Fund or Stock

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

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Federated Hermes High-Yield Strategy Portfolio

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