FHYSX vs. CHYDX
Compare and contrast key facts about Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Calamos High Income Opportunities Fund (CHYDX).
FHYSX is managed by Federated. It was launched on Dec 24, 2008. CHYDX is managed by Calamos. It was launched on Aug 2, 1999.
Performance
FHYSX vs. CHYDX - Performance Comparison
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FHYSX vs. CHYDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
CHYDX Calamos High Income Opportunities Fund | -0.47% | 6.72% | 7.78% | 12.26% | -10.35% | 6.44% | 4.78% | 14.29% | -4.30% | 6.05% |
Returns By Period
In the year-to-date period, FHYSX achieves a -1.26% return, which is significantly lower than CHYDX's -0.47% return. Over the past 10 years, FHYSX has outperformed CHYDX with an annualized return of 5.44%, while CHYDX has yielded a comparatively lower 5.12% annualized return.
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
CHYDX
- 1D
- 0.00%
- 1M
- -1.29%
- YTD
- -0.47%
- 6M
- 0.54%
- 1Y
- 5.27%
- 3Y*
- 7.81%
- 5Y*
- 3.67%
- 10Y*
- 5.12%
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FHYSX vs. CHYDX - Expense Ratio Comparison
FHYSX has a 0.02% expense ratio, which is lower than CHYDX's 1.00% expense ratio.
Return for Risk
FHYSX vs. CHYDX — Risk / Return Rank
FHYSX
CHYDX
FHYSX vs. CHYDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Calamos High Income Opportunities Fund (CHYDX). 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 | CHYDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.81 | -0.10 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.50 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.84 | +0.88 |
Martin ratioReturn relative to average drawdown | 11.03 | 8.54 | +2.49 |
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 | CHYDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.81 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.91 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.03 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.04 | -0.18 |
Correlation
The correlation between FHYSX and CHYDX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHYSX vs. CHYDX - Dividend Comparison
FHYSX's dividend yield for the trailing twelve months is around 5.79%, which matches CHYDX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
CHYDX Calamos High Income Opportunities Fund | 5.74% | 6.39% | 6.30% | 6.28% | 5.47% | 4.48% | 5.26% | 5.85% | 6.62% | 4.87% | 4.94% | 5.43% |
Drawdowns
FHYSX vs. CHYDX - Drawdown Comparison
The maximum FHYSX drawdown since its inception was -21.45%, smaller than the maximum CHYDX drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for FHYSX and CHYDX.
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Drawdown Indicators
| FHYSX | CHYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -35.03% | +13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.85% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -13.66% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -23.35% | +1.90% |
Current DrawdownCurrent decline from peak | -1.77% | -1.60% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -2.78% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.61% | +0.01% |
Volatility
FHYSX vs. CHYDX - Volatility Comparison
Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a higher volatility of 1.38% compared to Calamos High Income Opportunities Fund (CHYDX) at 1.04%. This indicates that FHYSX's price experiences larger fluctuations and is considered to be riskier than CHYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYSX | CHYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.04% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 1.60% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.00% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 4.05% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 4.96% | +0.81% |