FHYS vs. IBHD

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Short Duration High Yield ETF (FHYS) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).

FHYS and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.

Performance

FHYS vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short Duration High Yield ETF (FHYS) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

FHYS vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
FHYS Federated Hermes Short Duration High Yield ETF	-0.60%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Returns By Period

FHYS

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

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHYS vs. IBHD - Expense Ratio Comparison

FHYS has a 0.51% expense ratio, which is higher than IBHD's 0.35% expense ratio.

FHYS

Federated Hermes Short Duration High Yield ETF

IBHD

iShares iBonds 2024 Term High Yield & Income ETF

Return for Risk

FHYS vs. IBHD — 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

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. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration High Yield ETF (FHYS) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe ratio Return per unit of total volatility	1.42	—	—
Sortino ratio Return per unit of downside risk	2.08	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.19	—	—
Martin ratio Return relative to average drawdown	12.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FHYS	IBHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	—	—

Dividends

FHYS vs. IBHD - Dividend Comparison

FHYS's dividend yield for the trailing twelve months is around 5.88%, while IBHD has not paid dividends to shareholders.

	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%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FHYS vs. IBHD - Drawdown Comparison

The maximum FHYS drawdown since its inception was -11.62%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FHYS and IBHD.

Drawdown Indicators

	FHYS	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	0.00%	-11.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	—	—
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-2.37%	0.00%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	FHYS	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	0.00%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	0.00%	+5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	0.00%	+5.01%