CCIF vs. FMBPX
CCIF (Carlyle Credit Income Fund) and FMBPX (Federated Hermes Mortgage Strategy Portfolio) are both Intermediate Core Bond funds. Over the past 5 years, CCIF returned -7.85%/yr vs -0.02%/yr for FMBPX. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
CCIF vs. FMBPX - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -27.42% return, which is significantly lower than FMBPX's -0.22% return.
CCIF
- 1D
- 1.82%
- 1M
- 2.21%
- 6M
- -26.29%
- YTD
- -27.42%
- 1Y
- -32.20%
- 3Y*
- -13.25%
- 5Y*
- -7.85%
- 10Y*
- —
- ALL TIME*
- -5.90%
FMBPX
- 1D
- 0.12%
- 1M
- -1.07%
- 6M
- -0.86%
- YTD
- -0.22%
- 1Y
- 4.79%
- 3Y*
- 4.21%
- 5Y*
- -0.02%
- 10Y*
- 1.26%
- ALL TIME*
- 1.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.97K | $279.28K | $351.59K | |
| $0.00 | $0.00 | $0.00 |
CCIF vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -27.42% | -27.64% | 16.37% | 14.50% | -6.37% | 12.67% | 0.51% | -12.85% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.22% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 3.49% |
Correlation
The correlation between CCIF and FMBPX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.08 |
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Return for Risk
CCIF vs. FMBPX — Risk / Return Rank
CCIF
FMBPX
CCIF vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCIF | FMBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.21 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.55 | -2.34 |
| Martin ratioReturn relative to average drawdown | -1.28 | 4.42 | -5.70 |
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Drawdowns
CCIF vs. FMBPX - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than FMBPX's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for CCIF and FMBPX.
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Drawdown Indicators
| CCIF | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -18.34% | -34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -3.15% | -38.80% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -6.59% | -46.64% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -17.99% | -35.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.34% | — |
Current DrawdownCurrent decline from peak | -49.87% | -2.24% | -47.63% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -3.25% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 1.10% | +24.93% |
Volatility
CCIF vs. FMBPX - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 5.60% compared to Federated Hermes Mortgage Strategy Portfolio (FMBPX) at 1.14%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 1.14% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 26.36% | 3.34% | +23.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 4.52% | +25.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 6.81% | +13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 5.14% | +20.25% |
Dividends
CCIF vs. FMBPX - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 42.45%, more than FMBPX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 42.45% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.66% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Frequently Asked Questions
CCIF and FMBPX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (5.60%) compared to FMBPX (1.14%). In terms of maximum drawdown, CCIF dropped -53.23% vs FMBPX's -18.34%.
FMBPX currently has the higher Sharpe Ratio (1.08 vs -1.13), 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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