FHYS vs. FTRB

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Short Duration High Yield ETF (FHYS) and Federated Hermes Total Return Bond ETF (FTRB).

FHYS and FTRB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FHYS is an actively managed fund by Federated. It was launched on Dec 16, 2021. FTRB is an actively managed fund by Federated. It was launched on Jan 2, 2024.

Performance

FHYS vs. FTRB - Performance Comparison

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

FHYS vs. FTRB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FHYS Federated Hermes Short Duration High Yield ETF	-0.26%	7.72%	7.64%
FTRB Federated Hermes Total Return Bond ETF	-0.07%	7.60%	2.56%

Returns By Period

In the year-to-date period, FHYS achieves a -0.26% return, which is significantly lower than FTRB's -0.07% return.

FHYS

• 1D: 0.72%
• 1M: -0.44%
• YTD: -0.26%
• 6M: 1.37%
• 1Y: 6.26%
• 3Y*: 7.37%
• 5Y*: —
• 10Y*: —

FTRB

• 1D: 0.47%
• 1M: -1.72%
• YTD: -0.07%
• 6M: 1.22%
• 1Y: 4.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHYS vs. FTRB - Expense Ratio Comparison

FHYS has a 0.51% expense ratio, which is higher than FTRB's 0.39% expense ratio.

FHYS

Federated Hermes Short Duration High Yield ETF

FTRB

Federated Hermes Total Return Bond ETF

Return for Risk

FHYS vs. FTRB — 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: 77
FHYS Sortino Ratio Rank: 79
FHYS Omega Ratio Rank: 89
FHYS Calmar Ratio Rank: 79
FHYS Martin Ratio Rank: 92

FTRB

FTRB Risk / Return Rank: 62
FTRB Sharpe Ratio Rank: 66
FTRB Sortino Ratio Rank: 61
FTRB Omega Ratio Rank: 60
FTRB Calmar Ratio Rank: 68
FTRB Martin Ratio Rank: 55

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. FTRB - Risk-Adjusted Trends Comparison

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

	FHYS	FTRB	Difference
Sharpe ratio Return per unit of total volatility	1.42	1.19	+0.23
Sortino ratio Return per unit of downside risk	2.08	1.62	+0.46
Omega ratio Gain probability vs. loss probability	1.37	1.23	+0.15
Calmar ratio Return relative to maximum drawdown	2.19	1.78	+0.41
Martin ratio Return relative to average drawdown	12.68	5.49	+7.19
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. FTRB - Sharpe Ratio Comparison

The current FHYS Sharpe Ratio is 1.42, which is comparable to the FTRB Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of FHYS and FTRB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHYS	FTRB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.19	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.98	-0.12

Correlation

The correlation between FHYS and FTRB is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FHYS vs. FTRB - Dividend Comparison

FHYS's dividend yield for the trailing twelve months is around 5.88%, more than FTRB's 4.43% yield.

	TTM	2025	2024	2023	2022	2021
FHYS Federated Hermes Short Duration High Yield ETF	5.88%	5.96%	6.42%	6.76%	6.25%	0.16%
FTRB Federated Hermes Total Return Bond ETF	4.43%	4.46%	4.40%	0.00%	0.00%	0.00%

Drawdowns

FHYS vs. FTRB - Drawdown Comparison

The maximum FHYS drawdown since its inception was -11.62%, which is greater than FTRB's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for FHYS and FTRB.

Drawdown Indicators

	FHYS	FTRB	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-4.83%	-6.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-2.77%	-0.09%
Current Drawdown Current decline from peak	-0.72%	-1.72%	+1.00%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.27%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	0.90%	-0.41%

Volatility

FHYS vs. FTRB - Volatility Comparison

Federated Hermes Short Duration High Yield ETF (FHYS) and Federated Hermes Total Return Bond ETF (FTRB) have volatilities of 1.66% and 1.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYS	FTRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.67%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.10%	2.34%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	4.14%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	4.62%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	4.62%	+0.39%