FDV vs. FTRB

Last updated Jul 17, 2026

FDV (Federated Hermes U.S. Strategic Dividend ETF) and FTRB (Federated Hermes Total Return Bond ETF) are both exchange-traded funds - FDV is a Large Cap Value Equities fund actively managed by Federated, while FTRB is a Intermediate Core-Plus Bond fund actively managed by Federated. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. FDV charges 0.50%/yr vs 0.39%/yr for FTRB.

Performance

FDV vs. FTRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes U.S. Strategic Dividend ETF (FDV) and Federated Hermes Total Return Bond ETF (FTRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDV

• 1D: 2.46%
• 1M: 3.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTRB

• 1D: -0.06%
• 1M: -0.53%
• 6M: -0.00%
• YTD: 0.11%
• 1Y: 4.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDV vs. FTRB - Yearly Performance Comparison

	2026 (YTD)
FDV Federated Hermes U.S. Strategic Dividend ETF	4.86%
FTRB Federated Hermes Total Return Bond ETF	0.59%

Correlation

The correlation between FDV and FTRB is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 22, 2026	0.00

Return for Risk

FDV vs. FTRB — Risk / Return Rank

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

FDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTRB

FTRB Risk / Return Rank: 40
FTRB Sharpe Ratio Rank: 43
FTRB Sortino Ratio Rank: 43
FTRB Omega Ratio Rank: 42
FTRB Calmar Ratio Rank: 38
FTRB Martin Ratio Rank: 36

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.

FDV vs. FTRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) and Federated Hermes Total Return Bond ETF (FTRB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDV	FTRB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.25	—
Sortino ratio: Return per unit of downside risk	—	1.82	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.58	—
Martin ratio: Return relative to average drawdown	—	4.46	—

Drawdowns

FDV vs. FTRB - Drawdown Comparison

The maximum FDV drawdown since its inception was -3.33%, smaller than the maximum FTRB drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for FDV and FTRB.

Drawdown Indicators

	FDV	FTRB	Difference
Max Drawdown Largest peak-to-trough decline	-3.33%	-4.83%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.80%	—
Current Drawdown Current decline from peak	0.00%	-1.54%	+1.54%
Average Drawdown Average peak-to-trough decline	-1.04%	-1.29%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	FDV	FTRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	3.56%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	4.51%	+9.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.29%	4.51%	+9.78%

FDV vs. FTRB - Expense Ratio Comparison

FDV has a 0.50% expense ratio, which is higher than FTRB's 0.39% expense ratio.

Dividends

FDV vs. FTRB - Dividend Comparison

FDV's dividend yield for the trailing twelve months is around 0.56%, less than FTRB's 4.32% yield.

Position	TTM	2025	2024
FDV Federated Hermes U.S. Strategic Dividend ETF	0.56%	0.00%	0.00%
FTRB Federated Hermes Total Return Bond ETF	4.32%	4.46%	4.40%

Frequently Asked Questions

Can I hold both FDV and FTRB in my portfolio?

FDV and FTRB have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDV or FTRB?

On fees, FTRB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDV or FTRB?

FTRB is cheaper with a 0.39% expense ratio, compared with 0.50% for FDV.

Which ETF pays a higher dividend yield, FDV or FTRB?

FTRB has the higher dividend yield at 4.32%, compared with 0.56% for FDV.

What is the main difference between FDV and FTRB?

FDV is categorized as Large Cap Value Equities, while FTRB is Intermediate Core-Plus Bond. Their fees differ too: 0.50% for FDV and 0.39% for FTRB.