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 a closer substitute for your current allocation.
Cheapest Alternatives to FHYSX
FHYSX charges 0.02% annually. No mutual funds in the High Yield Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FHYSX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FHYSX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FHYSX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FHYSX vs CRDOX | |
| American Funds American High-Income Trust® Class R... | 0.32% | — | Aug 2008 | FHYSX vs RITGX |
Best Risk-Adjusted Alternatives to FHYSX
FHYSX has a PortfoliosLab risk / return rank of 76. There are 86 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FHYSX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FHYSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FHYSX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FHYSX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FHYSX vs PSHNX |
Top Performing FHYSX Alternatives (YTD)
FHYSX is at 1.73% YTD. There are 115 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | FHYSX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | FHYSX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | FHYSX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | FHYSX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | FHYSX vs FAHCX |
Lowest Volatility Alternatives to FHYSX
FHYSX has 3.39% 1-year volatility. There are 116 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | FHYSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | FHYSX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FHYSX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FHYSX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | FHYSX vs OSTIX |
Lowest Drawdown Alternatives to FHYSX
FHYSX has a 1-year max drawdown of -2.44%. There are 88 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FHYSX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FHYSX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FHYSX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FHYSX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FHYSX 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 | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 84 | 12.44% | — | Mar 2005 | FHYSX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 20 | 6.34% | — | Sep 2005 | FHYSX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 14 | 1.36% | — | Sep 2008 | FHYSX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 15 | 11.21% | — | Feb 1986 | FHYSX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 48 | 8.33% | — | Oct 2002 | FHYSX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 0.77% | — | Aug 1984 | FHYSX vs FGSAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 53 | 1.79% | — | Aug 1984 | FHYSX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 67 | 1.54% | — | Nov 2002 | FHYSX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -8.18% | — | Dec 1995 | FHYSX vs BEARX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 24 | 8.80% | — | Feb 1996 | FHYSX vs ISCAX |
Often Compared With FHYSX
Investors most often compare FHYSX with EIFAX, JHPI, PRHYX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FHYSX with Any Fund or Stock
Compare FHYSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHYSX with funds that move differently
Federated Hermes High-Yield Strategy Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHYSX.
Explore FHYSX Diversifiers