FHYTX vs. BRHYX
FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 10 years, FHYTX returned 5.97%/yr vs 5.67%/yr for BRHYX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FHYTX charges 0.98%/yr vs 0.48%/yr for BRHYX.
Performance
FHYTX vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, FHYTX achieves a 1.32% return, which is significantly higher than BRHYX's 1.22% return. Over the past 10 years, FHYTX has outperformed BRHYX with an annualized return of 5.97%, while BRHYX has yielded a comparatively lower 5.67% annualized return.
FHYTX
- 1D
- 0.31%
- 1M
- -0.46%
- 6M
- 1.19%
- YTD
- 1.32%
- 1Y
- 4.57%
- 3Y*
- 7.28%
- 5Y*
- 2.99%
- 10Y*
- 5.97%
- ALL TIME*
- 6.13%
BRHYX
- 1D
- 0.14%
- 1M
- -0.84%
- 6M
- 0.79%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.54%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
- ALL TIME*
- 6.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHYTX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 1.32% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Correlation
The correlation between FHYTX and BRHYX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1998 | 0.77 |
The correlation between FHYTX and BRHYX shifts across timeframes, from 0.60 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHYTX vs. BRHYX — Risk / Return Rank
FHYTX
BRHYX
FHYTX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and BlackRock High Yield K (BRHYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHYTX | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.34 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.19 | 11.03 | -2.84 |
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Drawdowns
FHYTX vs. BRHYX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, roughly equal to the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for FHYTX and BRHYX.
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Drawdown Indicators
| FHYTX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -34.77% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.40% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -4.07% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -15.29% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -23.20% | -0.98% |
Current DrawdownCurrent decline from peak | -0.62% | -0.98% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -2.72% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.51% | +0.09% |
Volatility
FHYTX vs. BRHYX - Volatility Comparison
Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and BlackRock High Yield K (BRHYX) have volatilities of 0.72% and 0.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYTX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.71% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.78% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.51% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 5.27% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 5.88% | +1.34% |
FHYTX vs. BRHYX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
FHYTX vs. BRHYX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.79%, less than BRHYX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.79% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
Frequently Asked Questions
FHYTX and BRHYX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHYTX has higher volatility (0.72%) compared to BRHYX (0.71%). In terms of maximum drawdown, FHYTX dropped -34.98% vs BRHYX's -34.77%.
BRHYX currently has the higher Sharpe Ratio (1.60 vs 1.35), 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.
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