FHYSX vs. NEFHX

Last updated Jun 3, 2026

FHYSX (Federated Hermes High-Yield Strategy Portfolio) and NEFHX (Loomis Sayles High Income Fund) are both High Yield Bonds funds. Over the past 10 years, FHYSX returned 5.32%/yr vs 4.54%/yr for NEFHX. A 0.70 correlation means they provide meaningful diversification when combined. FHYSX charges 0.02%/yr vs 1.01%/yr for NEFHX.

Performance

FHYSX vs. NEFHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Loomis Sayles High Income Fund (NEFHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHYSX having a 1.36% return and NEFHX slightly higher at 1.37%. Over the past 10 years, FHYSX has outperformed NEFHX with an annualized return of 5.32%, while NEFHX has yielded a comparatively lower 4.54% annualized return.

FHYSX

• 1D: 0.00%
• 1M: 0.36%
• YTD: 1.36%
• 6M: 2.40%
• 1Y: 7.21%
• 3Y*: 8.54%
• 5Y*: 3.48%
• 10Y*: 5.32%

NEFHX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.37%
• 6M: 2.18%
• 1Y: 6.30%
• 3Y*: 8.40%
• 5Y*: 2.44%
• 10Y*: 4.54%

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

FHYSX vs. NEFHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHYSX Federated Hermes High-Yield Strategy Portfolio	1.36%	9.14%	6.42%	12.77%	-13.16%	4.49%	6.08%	15.14%	-2.16%	8.34%
NEFHX Loomis Sayles High Income Fund	1.37%	7.59%	8.77%	9.53%	-13.67%	2.87%	8.18%	11.95%	-3.47%	7.50%

Correlation

The correlation between FHYSX and NEFHX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009	0.70

Over the past year, the correlation between FHYSX and NEFHX has dropped to 0.33 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

FHYSX vs. NEFHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHYSX

FHYSX Risk / Return Rank: 74
FHYSX Sharpe Ratio Rank: 52
FHYSX Sortino Ratio Rank: 79
FHYSX Omega Ratio Rank: 81
FHYSX Calmar Ratio Rank: 70
FHYSX Martin Ratio Rank: 87

NEFHX

NEFHX Risk / Return Rank: 48
NEFHX Sharpe Ratio Rank: 51
NEFHX Sortino Ratio Rank: 57
NEFHX Omega Ratio Rank: 67
NEFHX Calmar Ratio Rank: 27
NEFHX Martin Ratio Rank: 39

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.

FHYSX vs. NEFHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Loomis Sayles High Income Fund (NEFHX). 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	NEFHX	Difference
Sharpe ratio Return per unit of total volatility	2.13	2.10	+0.03
Sortino ratio Return per unit of downside risk	3.75	3.18	+0.57
Omega ratio Gain probability vs. loss probability	1.54	1.46	+0.08
Calmar ratio Return relative to maximum drawdown	3.25	1.99	+1.26
Martin ratio Return relative to average drawdown	16.96	8.55	+8.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHYSX vs. NEFHX - Sharpe Ratio Comparison

The current FHYSX Sharpe Ratio is 2.13, which is comparable to the NEFHX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FHYSX and NEFHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHYSX	NEFHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	2.10	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.44	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.76	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.43	+0.45

Drawdowns

FHYSX vs. NEFHX - Drawdown Comparison

The maximum FHYSX drawdown since its inception was -21.45%, smaller than the maximum NEFHX drawdown of -43.09%. Use the drawdown chart below to compare losses from any high point for FHYSX and NEFHX.

Drawdown Indicators

	FHYSX	NEFHX	Difference
Max Drawdown Largest peak-to-trough decline	-21.45%	-43.09%	+21.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-2.47%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-3.64%	-4.63%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-16.93%	-18.10%	+1.17%
Max Drawdown (10Y) Largest decline over 10 years	-21.45%	-21.84%	+0.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.59%	-7.95%	+5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.90%	-0.43%

Volatility

FHYSX vs. NEFHX - Volatility Comparison

Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a higher volatility of 0.98% compared to Loomis Sayles High Income Fund (NEFHX) at 0.88%. This indicates that FHYSX's price experiences larger fluctuations and is considered to be riskier than NEFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYSX	NEFHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.88%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	2.69%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	3.63%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.24%	5.82%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	6.14%	-0.37%

FHYSX vs. NEFHX - Expense Ratio Comparison

FHYSX has a 0.02% expense ratio, which is lower than NEFHX's 1.01% expense ratio.

Dividends

FHYSX vs. NEFHX - Dividend Comparison

FHYSX's dividend yield for the trailing twelve months is around 6.29%, more than NEFHX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHYSX Federated Hermes High-Yield Strategy Portfolio	6.29%	6.28%	5.84%	5.30%	5.27%	4.54%	5.74%	6.18%	6.61%	6.98%	6.45%	8.45%
NEFHX Loomis Sayles High Income Fund	4.47%	4.79%	6.92%	7.56%	5.97%	4.27%	5.14%	4.93%	4.91%	4.42%	3.32%	5.93%

Frequently Asked Questions

Can I hold both FHYSX and NEFHX in my portfolio?

FHYSX and NEFHX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHYSX or NEFHX?

FHYSX has higher volatility (0.98%) compared to NEFHX (0.88%). In terms of maximum drawdown, FHYSX dropped -21.45% vs NEFHX's -43.09%.

Which has better risk-adjusted returns?

FHYSX currently has the higher Sharpe Ratio (2.13 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.