Federated Hermes Institutional High Yield Bond Fund (FIHBX) Alternatives
Federated Hermes Institutional High Yield Bond Fund (FIHBX) 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 FIHBX. 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 FIHBX
FIHBX charges 0.50% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among FIHBX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | FIHBX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | FIHBX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | FIHBX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | FIHBX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | FIHBX vs CRDOX |
Best Risk-Adjusted Alternatives to FIHBX
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 | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | FIHBX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | FIHBX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | Sep 30, 2010 | FIHBX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | FIHBX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | FIHBX vs PRCPX |
Top Performing FIHBX Alternatives (YTD)
FIHBX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.93% | Dec 31, 2009 | FIHBX vs FOCIX | |
| Pioneer ILS Interval Fund | 5.18% | Dec 16, 2014 | FIHBX vs XILSX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | FIHBX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | FIHBX vs CCLFX | |
| Franklin Templeton SMACS: Series I | 0.52% | Jun 3, 2019 | FIHBX vs FQTIX |
Lowest Volatility Alternatives to FIHBX
FIHBX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.97% | Sep 30, 2010 | FIHBX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | FIHBX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.71% | Jul 15, 2014 | FIHBX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | FIHBX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | FIHBX vs SCFIX |
Lowest Drawdown Alternatives to FIHBX
FIHBX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | FIHBX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | FIHBX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.46% | Mar 6, 2019 | FIHBX vs CCLFX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | FIHBX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | FIHBX vs CPMPX |
Other Mutual Funds from Federated
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Often Compared With FIHBX
What investors most often compare with FIHBX, based on PortfoliosLab usage data.
Compare FIHBX with Any Fund or Stock
Compare FIHBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.