FHYS vs. AXP

Last updated Jun 5, 2026

FHYS (Federated Hermes Short Duration High Yield ETF) is High Yield Bonds fund actively managed by Federated, while AXP (American Express Company) is a stock. Over the past 3 years, FHYS returned 7.91%/yr vs 24.59%/yr for AXP. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

FHYS vs. AXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short Duration High Yield ETF (FHYS) and American Express Company (AXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHYS achieves a 1.59% return, which is significantly higher than AXP's -15.07% return.

FHYS

• 1D: 0.11%
• 1M: 0.46%
• YTD: 1.59%
• 6M: 2.04%
• 1Y: 6.40%
• 3Y*: 7.91%
• 5Y*: —
• 10Y*: —

AXP

• 1D: 3.98%
• 1M: -1.08%
• YTD: -15.07%
• 6M: -15.34%
• 1Y: 6.72%
• 3Y*: 24.59%
• 5Y*: 15.01%
• 10Y*: 18.48%

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

FHYS vs. AXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FHYS Federated Hermes Short Duration High Yield ETF	1.59%	7.72%	7.23%	10.88%	-7.31%	0.98%
AXP American Express Company	-15.07%	25.99%	60.32%	28.67%	-8.52%	2.24%

Correlation

The correlation between FHYS and AXP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.50

The correlation between FHYS and AXP has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.

Return for Risk

FHYS vs. AXP — Risk / Return Rank

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

FHYS

FHYS Risk / Return Rank: 83
FHYS Sharpe Ratio Rank: 76
FHYS Sortino Ratio Rank: 85
FHYS Omega Ratio Rank: 86
FHYS Calmar Ratio Rank: 77
FHYS Martin Ratio Rank: 89

AXP

AXP Risk / Return Rank: 47
AXP Sharpe Ratio Rank: 51
AXP Sortino Ratio Rank: 43
AXP Omega Ratio Rank: 43
AXP Calmar Ratio Rank: 49
AXP Martin Ratio Rank: 49

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.

FHYS vs. AXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration High Yield ETF (FHYS) and American Express Company (AXP). 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.

	FHYS	AXP	Difference
Sharpe ratio: Return per unit of total volatility	2.41	0.26	+2.16
Sortino ratio: Return per unit of downside risk	3.77	0.52	+3.25
Omega ratio: Gain probability vs. loss probability	1.51	1.07	+0.44
Calmar ratio: Return relative to maximum drawdown	3.86	0.28	+3.58
Martin ratio: Return relative to average drawdown	19.93	0.62	+19.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHYS vs. AXP - Sharpe Ratio Comparison

The current FHYS Sharpe Ratio is 2.41, which is higher than the AXP Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of FHYS and AXP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHYS	AXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	0.26	+2.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.29	+0.63

Drawdowns

FHYS vs. AXP - Drawdown Comparison

The maximum FHYS drawdown since its inception was -11.62%, smaller than the maximum AXP drawdown of -83.91%. Use the drawdown chart below to compare losses from any high point for FHYS and AXP.

Drawdown Indicators

	FHYS	AXP	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-83.91%	+72.29%
Max Drawdown (1Y) Largest decline over 1 year	-1.66%	-23.90%	+22.24%
Max Drawdown (3Y) Largest decline over 3 years	-3.16%	-28.76%	+25.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.64%	—
Current Drawdown Current decline from peak	-0.05%	-18.36%	+18.31%
Average Drawdown Average peak-to-trough decline	-2.28%	-22.05%	+19.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	10.83%	-10.51%

Volatility

FHYS vs. AXP - Volatility Comparison

The current volatility for Federated Hermes Short Duration High Yield ETF (FHYS) is 0.76%, while American Express Company (AXP) has a volatility of 6.60%. This indicates that FHYS experiences smaller price fluctuations and is considered to be less risky than AXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYS	AXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	6.60%	-5.84%
Volatility (6M) Calculated over the trailing 6-month period	2.17%	20.15%	-17.98%
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	26.30%	-23.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	29.49%	-24.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	31.82%	-26.88%

Dividends

FHYS vs. AXP - Dividend Comparison

FHYS's dividend yield for the trailing twelve months is around 5.76%, more than AXP's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXP American Express Company	1.09%	0.85%	0.91%	1.24%	1.35%	1.05%	1.42%	1.29%	1.51%	1.32%	1.61%	1.58%
FHYS Federated Hermes Short Duration High Yield ETF	5.76%	5.96%	6.42%	6.76%	6.25%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHYS and AXP in my portfolio?

FHYS and AXP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHYS or AXP?

AXP has higher volatility (6.60%) compared to FHYS (0.76%). In terms of maximum drawdown, FHYS dropped -11.62% vs AXP's -83.91%.

Which has better risk-adjusted returns?

FHYS currently has the higher Sharpe Ratio (2.41 vs 0.26), 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.