FHYTX vs. BRHYX
Compare and contrast key facts about Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and BlackRock High Yield K (BRHYX).
FHYTX is managed by Federated. It was launched on Aug 23, 1984. BRHYX is managed by BlackRock. It was launched on Jan 5, 2001.
Performance
FHYTX vs. BRHYX - Performance Comparison
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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 | -1.62% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
BRHYX BlackRock High Yield K | -1.15% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
Returns By Period
In the year-to-date period, FHYTX achieves a -1.62% return, which is significantly lower than BRHYX's -1.15% return. Both investments have delivered pretty close results over the past 10 years, with FHYTX having a 6.38% annualized return and BRHYX not far behind at 6.08%.
FHYTX
- 1D
- 0.63%
- 1M
- -1.85%
- YTD
- -1.62%
- 6M
- -0.15%
- 1Y
- 6.15%
- 3Y*
- 7.40%
- 5Y*
- 3.00%
- 10Y*
- 6.38%
BRHYX
- 1D
- 0.57%
- 1M
- -1.53%
- YTD
- -1.15%
- 6M
- 0.50%
- 1Y
- 7.13%
- 3Y*
- 8.60%
- 5Y*
- 4.26%
- 10Y*
- 6.08%
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FHYTX vs. BRHYX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
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.
| FHYTX | BRHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.83 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.61 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.38 | -0.40 |
Martin ratioReturn relative to average drawdown | 8.39 | 10.96 | -2.56 |
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
| FHYTX | BRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.83 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.82 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.03 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.22 | -0.15 |
Correlation
The correlation between FHYTX and BRHYX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHYTX vs. BRHYX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.93%, less than BRHYX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.93% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
BRHYX BlackRock High Yield K | 6.71% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
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 | -3.17% | -3.26% | +0.09% |
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 | -2.15% | -1.71% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -2.75% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.71% | +0.04% |
Volatility
FHYTX vs. BRHYX - Volatility Comparison
Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) has a higher volatility of 1.61% compared to BlackRock High Yield K (BRHYX) at 1.45%. This indicates that FHYTX's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. 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 | 1.61% | 1.45% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.44% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.01% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.22% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 5.93% | +1.35% |