FHIIX vs. AEPGX

Last updated Jun 23, 2026

FHIIX (Federated Hermes High Income Bond Fund) and AEPGX (American Funds EuroPacific Growth Fund Class A) are both mutual funds - FHIIX is a High Yield Bonds fund managed by Federated, while AEPGX is a Foreign Large Cap Equities fund managed by American Funds. Over the past 10 years, FHIIX returned 4.82%/yr vs 8.83%/yr for AEPGX. At a 0.36 correlation, their price movements are largely independent. FHIIX charges 0.90%/yr vs 0.80%/yr for AEPGX.

Performance

FHIIX vs. AEPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes High Income Bond Fund (FHIIX) and American Funds EuroPacific Growth Fund Class A (AEPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHIIX achieves a 1.17% return, which is significantly lower than AEPGX's 12.49% return. Over the past 10 years, FHIIX has underperformed AEPGX with an annualized return of 4.82%, while AEPGX has yielded a comparatively higher 8.83% annualized return.

FHIIX

• 1D: 0.00%
• 1M: 0.76%
• YTD: 1.17%
• 6M: 1.46%
• 1Y: 5.27%
• 3Y*: 7.57%
• 5Y*: 3.21%
• 10Y*: 4.82%

AEPGX

• 1D: 0.89%
• 1M: 3.84%
• YTD: 12.49%
• 6M: 13.35%
• 1Y: 29.82%
• 3Y*: 14.79%
• 5Y*: 5.20%
• 10Y*: 8.83%

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

FHIIX vs. AEPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHIIX Federated Hermes High Income Bond Fund	1.17%	8.00%	6.16%	12.42%	-11.74%	4.68%	5.90%	14.35%	-3.06%	6.54%
AEPGX American Funds EuroPacific Growth Fund Class A	12.49%	28.88%	2.63%	15.65%	-23.06%	-1.64%	24.80%	26.94%	-15.21%	30.74%

Correlation

The correlation between FHIIX and AEPGX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990	0.36

The correlation between FHIIX and AEPGX shifts across timeframes, from 0.36 (all time) to 0.52 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FHIIX vs. AEPGX — Risk / Return Rank

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

FHIIX

FHIIX Risk / Return Rank: 48
FHIIX Sharpe Ratio Rank: 41
FHIIX Sortino Ratio Rank: 44
FHIIX Omega Ratio Rank: 62
FHIIX Calmar Ratio Rank: 36
FHIIX Martin Ratio Rank: 57

AEPGX

AEPGX Risk / Return Rank: 42
AEPGX Sharpe Ratio Rank: 42
AEPGX Sortino Ratio Rank: 40
AEPGX Omega Ratio Rank: 43
AEPGX Calmar Ratio Rank: 41
AEPGX Martin Ratio Rank: 43

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.

FHIIX vs. AEPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High Income Bond Fund (FHIIX) and American Funds EuroPacific Growth Fund Class A (AEPGX). 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.

	FHIIX	AEPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.76	-0.02
Sortino ratio: Return per unit of downside risk	2.56	2.47	+0.08
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	2.17	2.31	-0.13
Martin ratio: Return relative to average drawdown	10.79	8.57	+2.21

FHIIX vs. AEPGX - Sharpe Ratio Comparison

The current FHIIX Sharpe Ratio is 1.74, which is comparable to the AEPGX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FHIIX and AEPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHIIX vs. AEPGX - Drawdown Comparison

The maximum FHIIX drawdown since its inception was -35.49%, smaller than the maximum AEPGX drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for FHIIX and AEPGX.

Drawdown Indicators

	FHIIX	AEPGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-53.98%	+18.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-12.56%	+10.05%
Max Drawdown (3Y) Largest decline over 3 years	-3.56%	-15.75%	+12.19%
Max Drawdown (5Y) Largest decline over 5 years	-15.39%	-37.53%	+22.14%
Max Drawdown (10Y) Largest decline over 10 years	-21.19%	-38.50%	+17.31%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-5.32%	-11.46%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	3.37%	-2.87%

Volatility

FHIIX vs. AEPGX - Volatility Comparison

The current volatility for Federated Hermes High Income Bond Fund (FHIIX) is 0.74%, while American Funds EuroPacific Growth Fund Class A (AEPGX) has a volatility of 6.85%. This indicates that FHIIX experiences smaller price fluctuations and is considered to be less risky than AEPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHIIX	AEPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	6.85%	-6.11%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	14.30%	-11.88%
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	16.47%	-13.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	16.88%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	17.02%	-11.55%

FHIIX vs. AEPGX - Expense Ratio Comparison

FHIIX has a 0.90% expense ratio, which is higher than AEPGX's 0.80% expense ratio.

Dividends

FHIIX vs. AEPGX - Dividend Comparison

FHIIX's dividend yield for the trailing twelve months is around 5.47%, less than AEPGX's 16.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEPGX American Funds EuroPacific Growth Fund Class A	16.09%	13.69%	4.56%	3.57%	1.72%	5.15%	0.17%	2.79%	6.33%	4.66%	1.24%	3.05%
FHIIX Federated Hermes High Income Bond Fund	5.47%	5.29%	5.36%	5.50%	5.70%	4.60%	4.97%	5.28%	5.75%	5.29%	5.14%	5.94%

Frequently Asked Questions

Can I hold both FHIIX and AEPGX in my portfolio?

FHIIX and AEPGX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHIIX or AEPGX?

AEPGX has higher volatility (6.85%) compared to FHIIX (0.74%). In terms of maximum drawdown, FHIIX dropped -35.49% vs AEPGX's -53.98%.

Which has better risk-adjusted returns?

AEPGX currently has the higher Sharpe Ratio (1.76 vs 1.74), 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.