CIF vs. FHYSX
Compare and contrast key facts about MFS Intermediate High Income Fund (CIF) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
CIF is a passively managed fund by MFS that tracks the performance of the Barclays U.S. High-Yield Corporate 2% Issuer Capped Index. It was launched on Jul 21, 1988. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
CIF vs. FHYSX - Performance Comparison
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CIF vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | -2.21% | 8.97% | 11.42% | 11.85% | -32.24% | 17.80% | 0.27% | 43.26% | -19.93% | 25.66% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, CIF achieves a -2.21% return, which is significantly lower than FHYSX's -1.26% return. Over the past 10 years, CIF has outperformed FHYSX with an annualized return of 6.17%, while FHYSX has yielded a comparatively lower 5.44% annualized return.
CIF
- 1D
- 2.85%
- 1M
- -3.86%
- YTD
- -2.21%
- 6M
- -3.39%
- 1Y
- 5.09%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 6.17%
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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CIF vs. FHYSX - Expense Ratio Comparison
CIF has a 1.50% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
CIF vs. FHYSX — Risk / Return Rank
CIF
FHYSX
CIF vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Intermediate High Income Fund (CIF) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| CIF | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 1.71 | -1.33 |
Sortino ratioReturn per unit of downside risk | 0.60 | 2.43 | -1.83 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.73 | -2.22 |
Martin ratioReturn relative to average drawdown | 1.92 | 11.03 | -9.12 |
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
| CIF | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 1.71 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.62 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.95 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.86 | -0.70 |
Correlation
The correlation between CIF and FHYSX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CIF vs. FHYSX - Dividend Comparison
CIF's dividend yield for the trailing twelve months is around 10.96%, more than FHYSX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | 10.96% | 10.46% | 10.23% | 10.02% | 11.22% | 8.40% | 9.01% | 8.63% | 11.71% | 9.16% | 9.91% | 10.05% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
CIF vs. FHYSX - Drawdown Comparison
The maximum CIF drawdown since its inception was -69.23%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for CIF and FHYSX.
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Drawdown Indicators
| CIF | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.23% | -21.45% | -47.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -2.50% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -44.92% | -16.93% | -27.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -21.45% | -23.79% |
Current DrawdownCurrent decline from peak | -23.30% | -1.77% | -21.53% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -2.61% | -15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.62% | +2.03% |
Volatility
CIF vs. FHYSX - Volatility Comparison
MFS Intermediate High Income Fund (CIF) has a higher volatility of 5.35% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.38%. This indicates that CIF's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 1.38% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 2.43% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 3.79% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 5.20% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 5.77% | +13.66% |