FHYTX vs. FIHBX
Compare and contrast key facts about Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX).
FHYTX is managed by Federated. It was launched on Aug 23, 1984. FIHBX is managed by Federated. It was launched on Nov 1, 2002.
Performance
FHYTX vs. FIHBX - Performance Comparison
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FHYTX vs. FIHBX - 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% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
Returns By Period
In the year-to-date period, FHYTX achieves a -1.62% return, which is significantly lower than FIHBX's -1.32% return. Over the past 10 years, FHYTX has outperformed FIHBX with an annualized return of 6.38%, while FIHBX has yielded a comparatively lower 5.15% annualized return.
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%
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
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FHYTX vs. FIHBX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than FIHBX's 0.50% expense ratio.
Return for Risk
FHYTX vs. FIHBX — Risk / Return Rank
FHYTX
FIHBX
FHYTX vs. FIHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX). 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 | FIHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.60 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.30 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.50 | -0.52 |
Martin ratioReturn relative to average drawdown | 8.39 | 10.29 | -1.89 |
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 | FIHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.60 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.62 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.90 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.35 | -0.28 |
Correlation
The correlation between FHYTX and FIHBX is 0.85, 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. FIHBX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.93%, less than FIHBX's 6.00% 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% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
Drawdowns
FHYTX vs. FIHBX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, which is greater than FIHBX's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for FHYTX and FIHBX.
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Drawdown Indicators
| FHYTX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -31.05% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.49% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -16.35% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -21.67% | -2.51% |
Current DrawdownCurrent decline from peak | -2.15% | -1.78% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -2.31% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.60% | +0.15% |
Volatility
FHYTX vs. FIHBX - Volatility Comparison
Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) has a higher volatility of 1.61% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 1.50%. This indicates that FHYTX's price experiences larger fluctuations and is considered to be riskier than FIHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYTX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.50% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.56% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.80% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.15% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 5.76% | +1.52% |