FHYTX vs. FKASX
FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) and FKASX (Federated Hermes Kaufmann Small Cap Fund) are both mutual funds - FHYTX is a High Yield Bonds fund managed by Federated, while FKASX is a Small Cap Growth Equities fund managed by Federated. Over the past 10 years, FHYTX returned 5.92%/yr vs 12.86%/yr for FKASX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FHYTX charges 0.98%/yr vs 1.36%/yr for FKASX.
Performance
FHYTX vs. FKASX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHYTX achieves a 1.63% return, which is significantly lower than FKASX's 11.80% return. Over the past 10 years, FHYTX has underperformed FKASX with an annualized return of 5.92%, while FKASX has yielded a comparatively higher 12.86% annualized return.
FHYTX
- 1D
- 0.31%
- 1M
- -0.15%
- 6M
- 1.51%
- YTD
- 1.63%
- 1Y
- 4.73%
- 3Y*
- 7.68%
- 5Y*
- 3.11%
- 10Y*
- 5.92%
- ALL TIME*
- 6.13%
FKASX
- 1D
- 1.78%
- 1M
- -2.95%
- 6M
- 12.67%
- YTD
- 11.80%
- 1Y
- 16.88%
- 3Y*
- 13.43%
- 5Y*
- 1.24%
- 10Y*
- 12.86%
- ALL TIME*
- 12.88%
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. FKASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 1.63% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
FKASX Federated Hermes Kaufmann Small Cap Fund | 11.80% | 12.01% | 14.45% | 14.48% | -31.40% | 2.57% | 43.41% | 33.44% | 7.30% | 37.87% |
Correlation
The correlation between FHYTX and FKASX 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. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2002 | 0.52 |
The correlation between FHYTX and FKASX has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHYTX vs. FKASX — Risk / Return Rank
FHYTX
FKASX
FHYTX vs. FKASX - 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 Kaufmann Small Cap Fund (FKASX). 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 | FKASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.15 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.19 | 4.17 | +4.03 |
Loading charts...
Drawdowns
FHYTX vs. FKASX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, smaller than the maximum FKASX drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for FHYTX and FKASX.
Loading charts...
Drawdown Indicators
| FHYTX | FKASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -60.21% | +25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -14.88% | +12.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -26.19% | +22.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -44.51% | +27.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -44.86% | +20.68% |
Current DrawdownCurrent decline from peak | -0.31% | -6.26% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -12.62% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 4.09% | -3.49% |
Volatility
FHYTX vs. FKASX - Volatility Comparison
The current volatility for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) is 0.79%, while Federated Hermes Kaufmann Small Cap Fund (FKASX) has a volatility of 8.02%. This indicates that FHYTX experiences smaller price fluctuations and is considered to be less risky than FKASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHYTX | FKASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 8.02% | -7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 19.01% | -16.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 22.60% | -18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 23.78% | -18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 22.49% | -15.27% |
FHYTX vs. FKASX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is lower than FKASX's 1.36% expense ratio.
Dividends
FHYTX vs. FKASX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.78%, less than FKASX's 18.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.78% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
FKASX Federated Hermes Kaufmann Small Cap Fund | 18.52% | 20.70% | 11.82% | 0.15% | 0.00% | 8.40% | 0.12% | 0.21% | 6.36% | 6.50% | 0.76% | 8.55% |
Frequently Asked Questions
FHYTX and FKASX 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.
FKASX has higher volatility (8.02%) compared to FHYTX (0.79%). In terms of maximum drawdown, FHYTX dropped -34.98% vs FKASX's -60.21%.
FHYTX currently has the higher Sharpe Ratio (1.35 vs 0.76), 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.
Find the right allocation for FHYTX and FKASX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer