ABNDX vs. FTRFX
ABNDX (American Funds The Bond Fund of America) and FTRFX (Federated Hermes Total Return Bond Fund) are both mutual funds - ABNDX is a Intermediate Core Bond fund managed by American Funds, while FTRFX is a Intermediate Core-Plus Bond fund managed by Federated. Over the past 10 years, ABNDX returned 1.68%/yr vs 1.85%/yr for FTRFX. Their correlation of 0.80 suggests significant overlap in exposure. ABNDX charges 0.55%/yr vs 0.69%/yr for FTRFX.
Performance
ABNDX vs. FTRFX - Performance Comparison
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Returns By Period
In the year-to-date period, ABNDX achieves a 0.10% return, which is significantly higher than FTRFX's -0.08% return. Over the past 10 years, ABNDX has underperformed FTRFX with an annualized return of 1.68%, while FTRFX has yielded a comparatively higher 1.85% annualized return.
ABNDX
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 0.10%
- 6M
- 0.00%
- 1Y
- 5.03%
- 3Y*
- 3.67%
- 5Y*
- -0.20%
- 10Y*
- 1.68%
FTRFX
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- -0.08%
- 6M
- 0.30%
- 1Y
- 5.19%
- 3Y*
- 3.48%
- 5Y*
- -0.23%
- 10Y*
- 1.85%
ABNDX vs. FTRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 0.10% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
FTRFX Federated Hermes Total Return Bond Fund | -0.08% | 7.28% | 1.02% | 4.23% | -13.31% | -0.47% | 9.19% | 9.42% | -1.14% | 4.10% |
Correlation
The correlation between ABNDX and FTRFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1996 | 0.80 |
Over the past year, the correlation between ABNDX and FTRFX has dropped to 0.42 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
ABNDX vs. FTRFX — Risk / Return Rank
ABNDX
FTRFX
ABNDX vs. FTRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and Federated Hermes Total Return Bond Fund (FTRFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ABNDX | FTRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.82 | -0.21 |
| Martin ratioReturn relative to average drawdown | 4.83 | 5.64 | -0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABNDX | FTRFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.30 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.39 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.01 | -0.01 |
Drawdowns
ABNDX vs. FTRFX - Drawdown Comparison
The maximum ABNDX drawdown since its inception was -18.18%, roughly equal to the maximum FTRFX drawdown of -17.95%. Use the drawdown chart below to compare losses from any high point for ABNDX and FTRFX.
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Drawdown Indicators
| ABNDX | FTRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.18% | -17.95% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.86% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.19% | -6.57% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.15% | -17.95% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.18% | -17.95% | -0.23% |
Current DrawdownCurrent decline from peak | -3.07% | -3.09% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -2.25% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.92% | +0.12% |
Volatility
ABNDX vs. FTRFX - Volatility Comparison
American Funds The Bond Fund of America (ABNDX) and Federated Hermes Total Return Bond Fund (FTRFX) have volatilities of 1.39% and 1.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABNDX | FTRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.40% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.82% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 4.02% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 5.87% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 4.78% | +0.10% |
ABNDX vs. FTRFX - Expense Ratio Comparison
ABNDX has a 0.55% expense ratio, which is lower than FTRFX's 0.69% expense ratio.
Dividends
ABNDX vs. FTRFX - Dividend Comparison
ABNDX's dividend yield for the trailing twelve months is around 4.14%, less than FTRFX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 4.14% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
FTRFX Federated Hermes Total Return Bond Fund | 4.25% | 4.22% | 3.48% | 2.95% | 2.25% | 3.17% | 4.36% | 3.08% | 3.19% | 2.91% | 3.33% | 3.23% |
Frequently Asked Questions
ABNDX and FTRFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTRFX has higher volatility (1.40%) compared to ABNDX (1.39%). In terms of maximum drawdown, ABNDX dropped -18.18% vs FTRFX's -17.95%.
FTRFX currently has the higher Sharpe Ratio (1.30 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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