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FHYSX vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FHYSX and SPHY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.4

Performance

FHYSX vs. SPHY - Performance Comparison

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

65.00%70.00%75.00%80.00%85.00%90.00%95.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
97.92%
77.76%
FHYSX
SPHY

Key characteristics

Sharpe Ratio

FHYSX:

2.14

SPHY:

2.03

Sortino Ratio

FHYSX:

3.22

SPHY:

2.92

Omega Ratio

FHYSX:

1.47

SPHY:

1.37

Calmar Ratio

FHYSX:

3.31

SPHY:

3.74

Martin Ratio

FHYSX:

12.76

SPHY:

14.64

Ulcer Index

FHYSX:

0.56%

SPHY:

0.58%

Daily Std Dev

FHYSX:

3.33%

SPHY:

4.21%

Max Drawdown

FHYSX:

-21.45%

SPHY:

-21.97%

Current Drawdown

FHYSX:

-1.02%

SPHY:

-1.07%

Returns By Period

In the year-to-date period, FHYSX achieves a 7.17% return, which is significantly lower than SPHY's 8.37% return. Over the past 10 years, FHYSX has outperformed SPHY with an annualized return of 5.07%, while SPHY has yielded a comparatively lower 4.57% annualized return.


FHYSX

YTD

7.17%

1M

0.02%

6M

4.70%

1Y

7.54%

5Y*

3.78%

10Y*

5.07%

SPHY

YTD

8.37%

1M

-0.16%

6M

5.22%

1Y

8.23%

5Y*

4.32%

10Y*

4.57%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FHYSX vs. SPHY - Expense Ratio Comparison

FHYSX has a 0.02% expense ratio, which is lower than SPHY's 0.10% 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%.


SPHY
SPDR Portfolio High Yield Bond ETF
Expense ratio chart for SPHY: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for FHYSX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FHYSX vs. SPHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes High-Yield Strategy Portfolio (FHYSX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.


Sharpe ratio
The chart of Sharpe ratio for FHYSX, currently valued at 2.14, compared to the broader market-1.000.001.002.003.004.002.141.94
The chart of Sortino ratio for FHYSX, currently valued at 3.22, compared to the broader market-2.000.002.004.006.008.0010.003.222.79
The chart of Omega ratio for FHYSX, currently valued at 1.47, compared to the broader market0.501.001.502.002.503.003.501.471.36
The chart of Calmar ratio for FHYSX, currently valued at 3.31, compared to the broader market0.002.004.006.008.0010.0012.0014.003.313.54
The chart of Martin ratio for FHYSX, currently valued at 12.76, compared to the broader market0.0020.0040.0060.0012.7614.62
FHYSX
SPHY

The current FHYSX Sharpe Ratio is 2.14, which is comparable to the SPHY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FHYSX and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
2.14
1.94
FHYSX
SPHY

Dividends

FHYSX vs. SPHY - Dividend Comparison

FHYSX's dividend yield for the trailing twelve months is around 6.26%, less than SPHY's 7.81% yield.


TTM20232022202120202019201820172016201520142013
FHYSX
Federated Hermes High-Yield Strategy Portfolio
6.26%6.33%7.06%5.44%5.73%6.17%6.61%6.06%6.31%7.21%7.60%8.55%
SPHY
SPDR Portfolio High Yield Bond ETF
7.81%7.30%6.46%5.13%5.63%5.73%4.09%4.41%4.28%4.29%3.98%4.40%

Drawdowns

FHYSX vs. SPHY - Drawdown Comparison

The maximum FHYSX drawdown since its inception was -21.45%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FHYSX and SPHY. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.02%
-1.07%
FHYSX
SPHY

Volatility

FHYSX vs. SPHY - Volatility Comparison

The current volatility for Federated Hermes High-Yield Strategy Portfolio (FHYSX) is 0.98%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.45%. This indicates that FHYSX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%JulyAugustSeptemberOctoberNovemberDecember
0.98%
1.45%
FHYSX
SPHY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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