FHYSX vs. BHYIX
Compare and contrast key facts about Federated Hermes High-Yield Strategy Portfolio (FHYSX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX).
FHYSX is managed by Federated. It was launched on Dec 24, 2008. BHYIX is managed by BlackRock. It was launched on Nov 19, 1998.
Performance
FHYSX vs. BHYIX - Performance Comparison
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Returns By Period
In the year-to-date period, FHYSX achieves a -0.92% return, which is significantly lower than BHYIX's -0.61% return. Over the past 10 years, FHYSX has underperformed BHYIX with an annualized return of 5.48%, while BHYIX has yielded a comparatively higher 6.02% annualized return.
FHYSX
- 1D
- 0.00%
- 1M
- -1.27%
- YTD
- -0.92%
- 6M
- 0.70%
- 1Y
- 7.45%
- 3Y*
- 7.66%
- 5Y*
- 3.26%
- 10Y*
- 5.48%
BHYIX
- 1D
- 0.00%
- 1M
- -0.98%
- YTD
- -0.61%
- 6M
- 1.02%
- 1Y
- 9.98%
- 3Y*
- 8.55%
- 5Y*
- 4.30%
- 10Y*
- 6.02%
FHYSX vs. BHYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | -0.92% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | -0.61% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 15.35% | -2.81% | 8.23% |
Correlation
The correlation between FHYSX and BHYIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
FHYSX vs. BHYIX - Expense Ratio Comparison
FHYSX has a 0.02% expense ratio, which is lower than BHYIX's 0.59% expense ratio.
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Return for Risk
FHYSX vs. BHYIX — Risk / Return Rank
FHYSX
BHYIX
FHYSX vs. BHYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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.
| FHYSX | BHYIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.92 | -0.16 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.73 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.30 | +0.43 |
Martin ratioReturn relative to average drawdown | 10.79 | 10.24 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHYSX | BHYIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.92 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.83 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.02 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.21 | -0.35 |
Drawdowns
FHYSX vs. BHYIX - Drawdown Comparison
The maximum FHYSX drawdown since its inception was -21.45%, smaller than the maximum BHYIX drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for FHYSX and BHYIX.
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Drawdown Indicators
| FHYSX | BHYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -34.82% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.41% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -15.45% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -23.23% | +1.78% |
Current DrawdownCurrent decline from peak | -1.43% | -1.30% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -2.77% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.73% | -0.10% |
Volatility
FHYSX vs. BHYIX - Volatility Comparison
Federated Hermes High-Yield Strategy Portfolio (FHYSX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) have volatilities of 1.43% and 1.42%, 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.
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Volatility by Period
| FHYSX | BHYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.42% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.30% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.85% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 5.20% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.92% | -0.16% |
Dividends
FHYSX vs. BHYIX - Dividend Comparison
FHYSX's dividend yield for the trailing twelve months is around 5.77%, less than BHYIX's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.77% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.58% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |