FHYS vs. CDE
FHYS (Federated Hermes Short Duration High Yield ETF) is High Yield Bonds fund actively managed by Federated, while CDE (Coeur Mining, Inc.) is a stock. Over the past 3 years, FHYS returned 7.34%/yr vs 71.76%/yr for CDE. At a 0.31 correlation, their price movements are largely independent.
Performance
FHYS vs. CDE - Performance Comparison
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Returns By Period
In the year-to-date period, FHYS achieves a 1.78% return, which is significantly higher than CDE's -12.46% return.
FHYS
- 1D
- -0.19%
- 1M
- 0.17%
- 6M
- 1.56%
- YTD
- 1.78%
- 1Y
- 5.25%
- 3Y*
- 7.34%
- 5Y*
- —
- 10Y*
- —
CDE
- 1D
- -2.44%
- 1M
- -9.36%
- 6M
- -27.78%
- YTD
- -12.46%
- 1Y
- 62.75%
- 3Y*
- 71.76%
- 5Y*
- 13.99%
- 10Y*
- 1.30%
FHYS vs. CDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FHYS Federated Hermes Short Duration High Yield ETF | 1.78% | 7.72% | 7.23% | 10.88% | -7.31% | 0.73% |
CDE Coeur Mining, Inc. | -12.46% | 211.71% | 75.46% | -2.98% | -33.33% | 0.80% |
Correlation
The correlation between FHYS and CDE 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 | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.31 |
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Return for Risk
FHYS vs. CDE — Risk / Return Rank
FHYS
CDE
FHYS vs. CDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration High Yield ETF (FHYS) and Coeur Mining, Inc. (CDE). 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.
| FHYS | CDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.44 | +1.73 |
| Martin ratioReturn relative to average drawdown | 16.32 | 2.60 | +13.71 |
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Drawdowns
FHYS vs. CDE - Drawdown Comparison
The maximum FHYS drawdown since its inception was -11.62%, smaller than the maximum CDE drawdown of -99.40%. Use the drawdown chart below to compare losses from any high point for FHYS and CDE.
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Drawdown Indicators
| FHYS | CDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -99.40% | +87.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.66% | -43.80% | +42.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.16% | -43.80% | +40.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.42% | — |
Current DrawdownCurrent decline from peak | -0.26% | -94.59% | +94.33% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -81.52% | +79.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 24.17% | -23.85% |
Volatility
FHYS vs. CDE - Volatility Comparison
The current volatility for Federated Hermes Short Duration High Yield ETF (FHYS) is 0.59%, while Coeur Mining, Inc. (CDE) has a volatility of 20.02%. This indicates that FHYS experiences smaller price fluctuations and is considered to be less risky than CDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYS | CDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 20.02% | -19.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 55.83% | -53.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 72.44% | -69.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 68.64% | -63.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 68.86% | -63.96% |
Dividends
FHYS vs. CDE - Dividend Comparison
FHYS's dividend yield for the trailing twelve months is around 5.80%, more than CDE's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CDE Coeur Mining, Inc. | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHYS Federated Hermes Short Duration High Yield ETF | 5.80% | 5.96% | 6.42% | 6.76% | 6.25% | 0.16% |
Frequently Asked Questions
FHYS and CDE 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.
CDE has higher volatility (20.02%) compared to FHYS (0.59%). In terms of maximum drawdown, FHYS dropped -11.62% vs CDE's -99.40%.
FHYS currently has the higher Sharpe Ratio (1.99 vs 0.87), 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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