FCSPX vs. VLCIX
Compare and contrast key facts about Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX).
FCSPX is managed by Federated. It was launched on Jun 20, 2006. VLCIX is managed by Vanguard. It was launched on Nov 19, 2009.
Performance
FCSPX vs. VLCIX - Performance Comparison
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FCSPX vs. VLCIX - 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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | -1.44% | 7.27% | -1.43% | 11.06% | -25.75% | -1.24% | 13.74% | 23.18% | -6.86% | 12.42% |
Returns By Period
In the year-to-date period, FCSPX achieves a -1.35% return, which is significantly higher than VLCIX's -1.44% return. Over the past 10 years, FCSPX has outperformed VLCIX with an annualized return of 3.42%, while VLCIX has yielded a comparatively lower 2.53% 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%
VLCIX
- 1D
- 1.02%
- 1M
- -3.68%
- YTD
- -1.44%
- 6M
- -1.91%
- 1Y
- 3.21%
- 3Y*
- 3.04%
- 5Y*
- -1.43%
- 10Y*
- 2.53%
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FCSPX vs. VLCIX - Expense Ratio Comparison
FCSPX has a 0.00% expense ratio, which is lower than VLCIX'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%.
Return for Risk
FCSPX vs. VLCIX — Risk / Return Rank
FCSPX
VLCIX
FCSPX vs. VLCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Strategy Port (FCSPX) and Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX). 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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.42 | +0.66 |
Sortino ratioReturn per unit of downside risk | 1.52 | 0.62 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.86 | +0.82 |
Martin ratioReturn relative to average drawdown | 5.54 | 2.01 | +3.53 |
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 | VLCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.42 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.12 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.24 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.43 | +0.13 |
Correlation
The correlation between FCSPX and VLCIX is 0.87, 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. VLCIX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.38%, less than VLCIX's 5.17% 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% |
VLCIX Vanguard Long-Term Corporate Bond Index Fund Institutional Shares | 5.17% | 5.50% | 5.60% | 4.67% | 4.43% | 2.95% | 3.17% | 3.83% | 4.58% | 4.03% | 4.39% | 4.73% |
Drawdowns
FCSPX vs. VLCIX - Drawdown Comparison
The maximum FCSPX drawdown since its inception was -22.68%, smaller than the maximum VLCIX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for FCSPX and VLCIX.
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Drawdown Indicators
| FCSPX | VLCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -34.56% | +11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -5.26% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -34.56% | +11.88% |
Max Drawdown (10Y)Largest decline over 10 years | -22.68% | -34.56% | +11.88% |
Current DrawdownCurrent decline from peak | -2.71% | -16.02% | +13.31% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -7.96% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.25% | -1.28% |
Volatility
FCSPX vs. VLCIX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Strategy Port (FCSPX) is 1.77%, while Vanguard Long-Term Corporate Bond Index Fund Institutional Shares (VLCIX) has a volatility of 3.46%. This indicates that FCSPX experiences smaller price fluctuations and is considered to be less risky than VLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSPX | VLCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.46% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 5.26% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 8.93% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 11.88% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 10.60% | -4.39% |