FHYS vs. QQQ
Compare and contrast key facts about Federated Hermes Short Duration High Yield ETF (FHYS) and Invesco QQQ (QQQ).
FHYS and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHYS or QQQ.
Correlation
The correlation between FHYS and QQQ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHYS vs. QQQ - Performance Comparison
Key characteristics
FHYS:
3.08
QQQ:
1.30
FHYS:
4.69
QQQ:
1.78
FHYS:
1.65
QQQ:
1.24
FHYS:
8.17
QQQ:
1.76
FHYS:
30.60
QQQ:
6.08
FHYS:
0.25%
QQQ:
3.92%
FHYS:
2.49%
QQQ:
18.35%
FHYS:
-11.63%
QQQ:
-82.98%
FHYS:
-0.11%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FHYS achieves a 1.26% return, which is significantly lower than QQQ's 2.90% return.
FHYS
1.26%
0.45%
3.17%
7.45%
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FHYS vs. QQQ - Expense Ratio Comparison
FHYS has a 0.51% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FHYS vs. QQQ — Risk-Adjusted Performance Rank
FHYS
QQQ
FHYS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration High Yield ETF (FHYS) and Invesco QQQ (QQQ). 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.
Dividends
FHYS vs. QQQ - Dividend Comparison
FHYS's dividend yield for the trailing twelve months is around 6.38%, more than QQQ's 0.54% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYS Federated Hermes Short Duration High Yield ETF | 6.38% | 6.41% | 6.75% | 6.26% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FHYS vs. QQQ - Drawdown Comparison
The maximum FHYS drawdown since its inception was -11.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FHYS and QQQ. For additional features, visit the drawdowns tool.
Volatility
FHYS vs. QQQ - Volatility Comparison
The current volatility for Federated Hermes Short Duration High Yield ETF (FHYS) is 0.53%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FHYS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.