FCSPX vs. VICBX

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX).

FCSPX is managed by Federated. It was launched on Jun 20, 2006. VICBX is managed by Vanguard. It was launched on Nov 19, 2009.

Performance

FCSPX vs. VICBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). The values are adjusted to include any dividend payments, if applicable.

FCSPX vs. VICBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCSPX Federated Hermes Corporate Bond Strategy Port	-1.06%	8.13%	2.78%	8.48%	-16.25%	-0.95%	11.90%	16.59%	-3.05%	8.03%
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares	-0.51%	9.37%	3.67%	8.87%	-14.06%	-1.50%	9.57%	15.96%	-1.72%	5.50%

Returns By Period

In the year-to-date period, FCSPX achieves a -1.06% return, which is significantly lower than VICBX's -0.51% return. Both investments have delivered pretty close results over the past 10 years, with FCSPX having a 3.45% annualized return and VICBX not far behind at 3.32%.

FCSPX

• 1D: 0.30%
• 1M: -2.04%
• YTD: -1.06%
• 6M: -0.03%
• 1Y: 4.63%
• 3Y*: 4.67%
• 5Y*: 0.63%
• 10Y*: 3.45%

VICBX

• 1D: 0.40%
• 1M: -1.61%
• YTD: -0.51%
• 6M: 0.38%
• 1Y: 5.77%
• 3Y*: 5.75%
• 5Y*: 1.52%
• 10Y*: 3.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCSPX vs. VICBX - Expense Ratio Comparison

FCSPX has a 0.00% expense ratio, which is lower than VICBX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VICBX

Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares

FCSPX

Federated Hermes Corporate Bond Strategy Port

Return for Risk

FCSPX vs. VICBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCSPX

FCSPX Risk / Return Rank: 48
FCSPX Sharpe Ratio Rank: 40
FCSPX Sortino Ratio Rank: 35
FCSPX Omega Ratio Rank: 40
FCSPX Calmar Ratio Rank: 70
FCSPX Martin Ratio Rank: 53

VICBX

VICBX Risk / Return Rank: 71
VICBX Sharpe Ratio Rank: 73
VICBX Sortino Ratio Rank: 73
VICBX Omega Ratio Rank: 60
VICBX Calmar Ratio Rank: 78
VICBX Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCSPX vs. VICBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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	VICBX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.38	-0.44
Sortino ratio Return per unit of downside risk	1.30	1.95	-0.65
Omega ratio Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio Return relative to maximum drawdown	1.81	2.01	-0.20
Martin ratio Return relative to average drawdown	5.90	7.38	-1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCSPX vs. VICBX - Sharpe Ratio Comparison

The current FCSPX Sharpe Ratio is 0.93, which is lower than the VICBX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FCSPX and VICBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCSPX	VICBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.38	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.25	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.62	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.87	-0.31

Correlation

The correlation between FCSPX and VICBX is 0.88, 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. VICBX - Dividend Comparison

FCSPX's dividend yield for the trailing twelve months is around 4.37%, more than VICBX's 4.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSPX Federated Hermes Corporate Bond Strategy Port	4.37%	4.59%	3.95%	3.35%	3.28%	3.36%	3.51%	3.95%	4.88%	4.09%	4.30%	4.59%
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares	4.32%	4.61%	4.79%	3.72%	3.02%	2.82%	2.79%	5.01%	3.64%	3.23%	3.32%	3.39%

Drawdowns

FCSPX vs. VICBX - Drawdown Comparison

The maximum FCSPX drawdown since its inception was -22.68%, which is greater than VICBX's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for FCSPX and VICBX.

Drawdown Indicators

	FCSPX	VICBX	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-20.55%	-2.13%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-3.07%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-22.68%	-20.55%	-2.13%
Max Drawdown (10Y) Largest decline over 10 years	-22.68%	-20.55%	-2.13%
Current Drawdown Current decline from peak	-2.42%	-2.02%	-0.40%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.16%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.84%	+0.14%

Volatility

FCSPX vs. VICBX - Volatility Comparison

Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) have volatilities of 1.80% and 1.82%, 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.

Volatility by Period

	FCSPX	VICBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	1.82%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.00%	2.66%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	5.10%	4.39%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.78%	6.14%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	5.33%	+0.88%