FCSPX vs. PRPIX
Compare and contrast key facts about Federated Hermes Corporate Bond Strategy Port (FCSPX) and T. Rowe Price Corporate Income Fund (PRPIX).
FCSPX is managed by Federated. It was launched on Jun 20, 2006. PRPIX is managed by T. Rowe Price. It was launched on Oct 31, 1995.
Performance
FCSPX vs. PRPIX - Performance Comparison
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FCSPX vs. PRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | -1.35% | 8.13% | 2.78% | 8.48% | -16.25% | -0.95% | 11.90% | 16.59% | -3.05% | 8.03% |
PRPIX T. Rowe Price Corporate Income Fund | -0.95% | 11.87% | 3.20% | 8.81% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
Returns By Period
In the year-to-date period, FCSPX achieves a -1.35% return, which is significantly lower than PRPIX's -0.95% return. Over the past 10 years, FCSPX has outperformed PRPIX with an annualized return of 3.42%, while PRPIX has yielded a comparatively lower 2.89% annualized return.
FCSPX
- 1D
- 0.50%
- 1M
- -2.71%
- YTD
- -1.35%
- 6M
- -0.42%
- 1Y
- 4.32%
- 3Y*
- 4.56%
- 5Y*
- 0.69%
- 10Y*
- 3.42%
PRPIX
- 1D
- 0.50%
- 1M
- -2.80%
- YTD
- -0.95%
- 6M
- 1.06%
- 1Y
- 8.14%
- 3Y*
- 6.22%
- 5Y*
- 1.16%
- 10Y*
- 2.89%
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FCSPX vs. PRPIX - Expense Ratio Comparison
FCSPX has a 0.00% expense ratio, which is lower than PRPIX's 0.56% expense ratio.
Return for Risk
FCSPX vs. PRPIX — Risk / Return Rank
FCSPX
PRPIX
FCSPX vs. PRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Strategy Port (FCSPX) and T. Rowe Price Corporate Income Fund (PRPIX). 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.
| FCSPX | PRPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.83 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.64 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.54 | -0.86 |
Martin ratioReturn relative to average drawdown | 5.54 | 9.06 | -3.52 |
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
| FCSPX | PRPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.83 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.18 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.87 | -0.30 |
Correlation
The correlation between FCSPX and PRPIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCSPX vs. PRPIX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.38%, less than PRPIX's 8.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.38% | 4.59% | 3.95% | 3.35% | 3.28% | 3.36% | 3.51% | 3.95% | 4.88% | 4.09% | 4.30% | 4.59% |
PRPIX T. Rowe Price Corporate Income Fund | 8.71% | 8.26% | 5.18% | 4.13% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
Drawdowns
FCSPX vs. PRPIX - Drawdown Comparison
The maximum FCSPX drawdown since its inception was -22.68%, smaller than the maximum PRPIX drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for FCSPX and PRPIX.
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Drawdown Indicators
| FCSPX | PRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -24.24% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.59% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -24.24% | +1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.68% | -24.24% | +1.56% |
Current DrawdownCurrent decline from peak | -2.71% | -2.80% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -3.21% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.01% | -0.04% |
Volatility
FCSPX vs. PRPIX - Volatility Comparison
Federated Hermes Corporate Bond Strategy Port (FCSPX) and T. Rowe Price Corporate Income Fund (PRPIX) have volatilities of 1.77% and 1.72%, 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
| FCSPX | PRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.72% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.92% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 4.78% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 6.57% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 6.01% | +0.20% |