FHYSX vs. ICSH
Compare and contrast key facts about Federated Hermes High-Yield Strategy Portfolio (FHYSX) and iShares Ultra Short Duration Bond Active ETF (ICSH).
FHYSX is managed by Federated. It was launched on Dec 24, 2008. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013.
Performance
FHYSX vs. ICSH - Performance Comparison
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FHYSX vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
ICSH iShares Ultra Short Duration Bond Active ETF | 0.74% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Returns By Period
In the year-to-date period, FHYSX achieves a -1.76% return, which is significantly lower than ICSH's 0.74% return. Over the past 10 years, FHYSX has outperformed ICSH with an annualized return of 5.39%, while ICSH has yielded a comparatively lower 2.71% annualized return.
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
ICSH
- 1D
- 0.02%
- 1M
- 0.12%
- YTD
- 0.74%
- 6M
- 1.89%
- 1Y
- 4.40%
- 3Y*
- 5.21%
- 5Y*
- 3.55%
- 10Y*
- 2.71%
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FHYSX vs. ICSH - Expense Ratio Comparison
FHYSX has a 0.02% expense ratio, which is lower than ICSH's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FHYSX vs. ICSH — Risk / Return Rank
FHYSX
ICSH
FHYSX vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 10.86 | -9.18 |
Sortino ratioReturn per unit of downside risk | 2.37 | 25.58 | -23.21 |
Omega ratioGain probability vs. loss probability | 1.45 | 6.41 | -4.96 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 45.33 | -42.97 |
Martin ratioReturn relative to average drawdown | 9.71 | 283.87 | -274.16 |
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 | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 10.86 | -9.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 7.40 | -6.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 2.55 | -1.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.90 | -1.05 |
Correlation
The correlation between FHYSX and ICSH is 0.12, 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
FHYSX vs. ICSH - Dividend Comparison
FHYSX's dividend yield for the trailing twelve months is around 5.82%, more than ICSH's 4.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.46% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Drawdowns
FHYSX vs. ICSH - Drawdown Comparison
The maximum FHYSX drawdown since its inception was -21.45%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for FHYSX and ICSH.
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Drawdown Indicators
| FHYSX | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -3.94% | -17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -0.10% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -0.73% | -16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -3.94% | -17.51% |
Current DrawdownCurrent decline from peak | -2.27% | 0.00% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -0.08% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.02% | +0.59% |
Volatility
FHYSX vs. ICSH - Volatility Comparison
Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a higher volatility of 1.24% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that FHYSX's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYSX | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.16% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 0.26% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 0.41% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 0.48% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 1.06% | +4.70% |