FHYSX vs. NHS
Compare and contrast key facts about Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Neuberger Berman High Yield Strategies Fund (NHS).
FHYSX is managed by Federated. It was launched on Dec 24, 2008. NHS is an actively managed fund by Neuberger Berman. It was launched on Jul 28, 2003.
Performance
FHYSX vs. NHS - Performance Comparison
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Returns By Period
In the year-to-date period, FHYSX achieves a -0.92% return, which is significantly higher than NHS's -9.33% return. Over the past 10 years, FHYSX has underperformed NHS with an annualized return of 5.48%, while NHS has yielded a comparatively higher 6.21% 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%
NHS
- 1D
- 0.15%
- 1M
- -13.23%
- YTD
- -9.33%
- 6M
- -5.41%
- 1Y
- 3.94%
- 3Y*
- 5.43%
- 5Y*
- -0.73%
- 10Y*
- 6.21%
FHYSX vs. NHS - 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% |
NHS Neuberger Berman High Yield Strategies Fund | -9.33% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
Correlation
The correlation between FHYSX and NHS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.
FHYSX vs. NHS - Expense Ratio Comparison
FHYSX has a 0.02% expense ratio, which is lower than NHS's 4.14% expense ratio.
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Return for Risk
FHYSX vs. NHS — Risk / Return Rank
FHYSX
NHS
FHYSX vs. NHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and Neuberger Berman High Yield Strategies Fund (NHS). 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 | NHS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | -0.11 | +1.87 |
Sortino ratioReturn per unit of downside risk | 2.50 | -0.05 | +2.54 |
Omega ratioGain probability vs. loss probability | 1.47 | 0.99 | +0.48 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | -0.09 | +2.82 |
Martin ratioReturn relative to average drawdown | 10.79 | -0.40 | +11.18 |
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 | NHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | -0.11 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | -0.05 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.37 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.35 | +0.51 |
Drawdowns
FHYSX vs. NHS - Drawdown Comparison
The maximum FHYSX drawdown since its inception was -21.45%, smaller than the maximum NHS drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for FHYSX and NHS.
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Drawdown Indicators
| FHYSX | NHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -64.67% | +43.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -17.43% | +14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -37.43% | +20.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -42.97% | +21.52% |
Current DrawdownCurrent decline from peak | -1.43% | -14.80% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -8.82% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 4.11% | -3.48% |
Volatility
FHYSX vs. NHS - Volatility Comparison
The current volatility for Federated Hermes High-Yield Strategy Portfolio (FHYSX) is 1.43%, while Neuberger Berman High Yield Strategies Fund (NHS) has a volatility of 6.28%. This indicates that FHYSX experiences smaller price fluctuations and is considered to be less risky than NHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYSX | NHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 6.28% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 10.99% | -8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 16.03% | -12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 16.16% | -10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 16.67% | -10.91% |
Dividends
FHYSX vs. NHS - Dividend Comparison
FHYSX's dividend yield for the trailing twelve months is around 5.77%, less than NHS's 16.71% 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% |
NHS Neuberger Berman High Yield Strategies Fund | 16.71% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |