FCSPX vs. VLTCX
FCSPX (Federated Hermes Corporate Bond Strategy Port) and VLTCX (Vanguard Long-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, FCSPX returned 3.39%/yr vs 2.42%/yr for VLTCX. Their correlation of 0.87 suggests significant overlap in exposure. FCSPX charges 0.00%/yr vs 0.07%/yr for VLTCX.
Performance
FCSPX vs. VLTCX - Performance Comparison
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Returns By Period
In the year-to-date period, FCSPX achieves a 0.87% return, which is significantly lower than VLTCX's 1.22% return. Over the past 10 years, FCSPX has outperformed VLTCX with an annualized return of 3.39%, while VLTCX has yielded a comparatively lower 2.42% annualized return.
FCSPX
- 1D
- 0.10%
- 1M
- 1.11%
- YTD
- 0.87%
- 6M
- 1.23%
- 1Y
- 6.91%
- 3Y*
- 5.83%
- 5Y*
- 0.81%
- 10Y*
- 3.39%
VLTCX
- 1D
- 0.10%
- 1M
- 1.99%
- YTD
- 1.22%
- 6M
- 0.35%
- 1Y
- 8.16%
- 3Y*
- 4.67%
- 5Y*
- -1.46%
- 10Y*
- 2.42%
FCSPX vs. VLTCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 0.87% | 8.13% | 2.78% | 8.48% | -16.25% | -0.95% | 11.90% | 16.59% | -3.05% | 8.03% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 1.22% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
Correlation
The correlation between FCSPX and VLTCX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.87 |
Over the past year, the correlation between FCSPX and VLTCX has dropped to 0.30 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
FCSPX vs. VLTCX — Risk / Return Rank
FCSPX
VLTCX
FCSPX vs. VLTCX - 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 Admiral Shares (VLTCX). 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 | VLTCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.60 | +0.57 |
| Martin ratioReturn relative to average drawdown | 7.52 | 3.93 | +3.59 |
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 | VLTCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.11 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.12 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.23 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.45 | +0.14 |
Drawdowns
FCSPX vs. VLTCX - Drawdown Comparison
The maximum FCSPX drawdown since its inception was -22.68%, smaller than the maximum VLTCX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for FCSPX and VLTCX.
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Drawdown Indicators
| FCSPX | VLTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.68% | -34.56% | +11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -5.29% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -12.87% | +6.73% |
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 | -0.51% | -13.80% | +13.29% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -8.04% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.15% | -1.23% |
Volatility
FCSPX vs. VLTCX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Strategy Port (FCSPX) is 1.51%, while Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a volatility of 2.46%. This indicates that FCSPX experiences smaller price fluctuations and is considered to be less risky than VLTCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSPX | VLTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.46% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 5.52% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 7.68% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 11.87% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 10.60% | -4.37% |
FCSPX vs. VLTCX - Expense Ratio Comparison
FCSPX has a 0.00% expense ratio, which is lower than VLTCX's 0.07% 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. VLTCX - Dividend Comparison
FCSPX's dividend yield for the trailing twelve months is around 4.81%, less than VLTCX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.81% | 4.59% | 3.95% | 3.35% | 3.28% | 3.36% | 3.51% | 3.95% | 4.88% | 4.09% | 4.30% | 4.59% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.50% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
Frequently Asked Questions
FCSPX and VLTCX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLTCX has higher volatility (2.46%) compared to FCSPX (1.51%). In terms of maximum drawdown, FCSPX dropped -22.68% vs VLTCX's -34.56%.
FCSPX currently has the higher Sharpe Ratio (1.54 vs 1.11), 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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