AHYB vs. FHYTX
Compare and contrast key facts about American Century Select High Yield ETF (AHYB) and Federated Hermes Opportunistic High Yield Bond Fund (FHYTX).
AHYB is a passively managed fund by American Century that tracks the performance of the ICE BofA US High Yield Constrained (BB). It was launched on Nov 16, 2021. FHYTX is managed by Federated. It was launched on Aug 23, 1984.
Performance
AHYB vs. FHYTX - Performance Comparison
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AHYB vs. FHYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | -0.22% | 8.96% | 6.32% | 11.69% | -10.26% | 0.84% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | -1.62% | 8.40% | 6.24% | 13.22% | -13.45% | 1.25% |
Returns By Period
In the year-to-date period, AHYB achieves a -0.22% return, which is significantly higher than FHYTX's -1.62% return.
AHYB
- 1D
- 0.23%
- 1M
- -0.90%
- YTD
- -0.22%
- 6M
- 1.30%
- 1Y
- 6.88%
- 3Y*
- 7.38%
- 5Y*
- —
- 10Y*
- —
FHYTX
- 1D
- 0.63%
- 1M
- -1.85%
- YTD
- -1.62%
- 6M
- -0.15%
- 1Y
- 6.15%
- 3Y*
- 7.40%
- 5Y*
- 3.00%
- 10Y*
- 6.38%
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AHYB vs. FHYTX - Expense Ratio Comparison
AHYB has a 0.45% expense ratio, which is lower than FHYTX's 0.98% expense ratio.
Return for Risk
AHYB vs. FHYTX — Risk / Return Rank
AHYB
FHYTX
AHYB vs. FHYTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) and Federated Hermes Opportunistic High Yield Bond Fund (FHYTX). 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.
| AHYB | FHYTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.42 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.96 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.98 | +0.04 |
Martin ratioReturn relative to average drawdown | 10.56 | 8.39 | +2.17 |
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
| AHYB | FHYTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.42 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.07 | -0.56 |
Correlation
The correlation between AHYB and FHYTX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AHYB vs. FHYTX - Dividend Comparison
AHYB's dividend yield for the trailing twelve months is around 5.49%, more than FHYTX's 4.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 5.49% | 5.80% | 5.87% | 5.28% | 5.06% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.93% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
Drawdowns
AHYB vs. FHYTX - Drawdown Comparison
The maximum AHYB drawdown since its inception was -14.76%, smaller than the maximum FHYTX drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for AHYB and FHYTX.
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Drawdown Indicators
| AHYB | FHYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -34.98% | +20.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.17% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.18% | — |
Current DrawdownCurrent decline from peak | -1.08% | -2.15% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.54% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.75% | -0.08% |
Volatility
AHYB vs. FHYTX - Volatility Comparison
American Century Select High Yield ETF (AHYB) has a higher volatility of 1.91% compared to Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) at 1.61%. This indicates that AHYB's price experiences larger fluctuations and is considered to be riskier than FHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYB | FHYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.61% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.66% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 4.34% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 5.65% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.25% | 7.28% | -0.03% |