Federated Hermes Emerging Market Debt Fund (IHIAX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with IHIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IHIAX
IHIAX charges 1.18% annually. There are 65 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | IHIAX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | IHIAX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | IHIAX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | IHIAX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | IHIAX vs GMOQX |
Best Risk-Adjusted Alternatives to IHIAX
IHIAX has a PortfoliosLab risk / return rank of 86. There are 33 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | IHIAX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | IHIAX vs AGEYX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | IHIAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | IHIAX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | IHIAX vs DBLLX |
Top Performing IHIAX Alternatives (YTD)
IHIAX is at 2.83% YTD. There are 37 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 14.37% | — | Dec 2010 | IHIAX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 8.73% | — | Apr 1994 | IHIAX vs GMOQX | |
| GMO Emerging Country Debt Fund | 8.70% | — | Apr 1994 | IHIAX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 7.92% | — | May 2006 | IHIAX vs FEMDX | |
| American Beacon Frontier Markets Income Fund | 6.76% | — | Feb 2014 | IHIAX vs AGEPX |
Lowest Volatility Alternatives to IHIAX
IHIAX has 5.77% 1-year volatility. There are 55 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | IHIAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.92% | — | Apr 2010 | IHIAX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | IHIAX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | IHIAX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.06% | — | Apr 2010 | IHIAX vs DBLEX |
Lowest Drawdown Alternatives to IHIAX
IHIAX has a 1-year max drawdown of -5.76%. There are 56 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | IHIAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | IHIAX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | IHIAX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | IHIAX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | IHIAX vs PYCEX |
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 | 70 | 8.76% | — | Mar 2005 | IHIAX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 32 | 9.41% | — | Sep 2005 | IHIAX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 6 | -0.14% | — | Sep 2008 | IHIAX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 10 | 5.87% | — | Feb 1986 | IHIAX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 56 | 7.80% | — | Oct 2002 | IHIAX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 5 | 1.66% | — | Aug 1984 | IHIAX vs FGSAX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 64 | 1.27% | — | Nov 2002 | IHIAX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 59 | 1.50% | — | Aug 1984 | IHIAX vs FHYTX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -9.50% | — | Dec 1995 | IHIAX vs BEARX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 38 | 12.00% | — | Feb 1996 | IHIAX vs ISCAX |
Often Compared With IHIAX
Investors most often compare IHIAX with BBCPX, AMAPX, EIDOX. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bridge Builder Core Plus Bond Fund | Total Bond Market | 25 | 0.03% | — | Jul 2015 | IHIAX vs BBCPX | |
| Amana Participation Fund | Emerging Markets Bonds | 45 | 0.26% | — | Sep 2015 | IHIAX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.75% | — | Sep 2015 | IHIAX vs EIDOX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 71 | 1.36% | — | Dec 2008 | IHIAX vs FHYSX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.66% | — | Feb 2013 | IHIAX vs EELDX | |
| Morgan Stanley Emerging Markets Domestic Fund | Emerging Markets Bonds | 15 | 3.21% | — | Apr 2007 | IHIAX vs EDD | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.26% | — | Sep 2013 | IHIAX vs DEDIX |
Compare IHIAX with Any Fund or Stock
Compare IHIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IHIAX with funds that move differently
Federated Hermes Emerging Market Debt Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IHIAX.
Explore IHIAX Diversifiers