FCSPX vs. VICBX
FCSPX (Federated Hermes Corporate Bond Strategy Port) and VICBX (Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds. Over the past 10 years, FCSPX returned 3.36%/yr vs 3.19%/yr for VICBX. Their correlation of 0.88 suggests significant overlap in exposure. FCSPX charges 0.00%/yr vs 0.05%/yr for VICBX.
Performance
FCSPX vs. VICBX - Performance Comparison
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Returns By Period
In the year-to-date period, FCSPX achieves a 0.57% return, which is significantly higher than VICBX's 0.17% return. Over the past 10 years, FCSPX has outperformed VICBX with an annualized return of 3.36%, while VICBX has yielded a comparatively lower 3.19% annualized return.
FCSPX
- 1D
- -0.29%
- 1M
- 0.51%
- YTD
- 0.57%
- 6M
- 0.73%
- 1Y
- 6.49%
- 3Y*
- 5.73%
- 5Y*
- 0.65%
- 10Y*
- 3.36%
VICBX
- 1D
- -0.22%
- 1M
- 0.09%
- YTD
- 0.17%
- 6M
- 0.32%
- 1Y
- 5.58%
- 3Y*
- 6.18%
- 5Y*
- 1.29%
- 10Y*
- 3.19%
FCSPX vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 0.57% | 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 | 0.17% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Correlation
The correlation between FCSPX and VICBX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.88 |
Over the past year, the correlation between FCSPX and VICBX has dropped to 0.31 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
FCSPX vs. VICBX — Risk / Return Rank
FCSPX
VICBX
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 ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.10 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.17 | 7.01 | +0.16 |
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 | VICBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.58 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.21 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.60 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.88 | -0.29 |
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.
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Drawdown Indicators
| FCSPX | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -20.55% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -2.95% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -5.98% | -0.16% |
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 DrawdownCurrent decline from peak | -0.81% | -1.35% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.14% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.88% | +0.04% |
Volatility
FCSPX vs. VICBX - Volatility Comparison
Federated Hermes Corporate Bond Strategy Port (FCSPX) has a higher volatility of 1.48% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) at 1.37%. This indicates that FCSPX's price experiences larger fluctuations and is considered to be riskier than VICBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSPX | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.37% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 2.87% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 3.91% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 6.16% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 5.34% | +0.89% |
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%.
Dividends
FCSPX vs. VICBX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.83%, which matches VICBX's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.83% | 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 | 4.80% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
Frequently Asked Questions
FCSPX and VICBX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCSPX has higher volatility (1.48%) compared to VICBX (1.37%). In terms of maximum drawdown, FCSPX dropped -22.68% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (1.58 vs 1.46), 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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