FHYTX vs. PACIX
FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) and PACIX (Columbia Convertible Securities Fund) are both mutual funds - FHYTX is a High Yield Bonds fund managed by Federated, while PACIX is a Convertible Bonds fund managed by Columbia. Over the past 10 years, FHYTX returned 5.97%/yr vs 12.30%/yr for PACIX. Their 0.42 correlation means their historical movements had little consistent relationship. FHYTX charges 0.98%/yr vs 1.12%/yr for PACIX.
Performance
FHYTX vs. PACIX - Performance Comparison
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Returns By Period
In the year-to-date period, FHYTX achieves a 1.32% return, which is significantly lower than PACIX's 16.64% return. Over the past 10 years, FHYTX has underperformed PACIX with an annualized return of 5.97%, while PACIX has yielded a comparatively higher 12.30% 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%
PACIX
- 1D
- 2.45%
- 1M
- -3.45%
- 6M
- 10.26%
- YTD
- 16.64%
- 1Y
- 28.55%
- 3Y*
- 15.41%
- 5Y*
- 6.44%
- 10Y*
- 12.30%
- ALL TIME*
- 9.39%
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. PACIX - 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% |
PACIX Columbia Convertible Securities Fund | 16.64% | 19.58% | 9.51% | 11.91% | -19.54% | 3.71% | 47.86% | 26.15% | -1.03% | 15.07% |
Correlation
The correlation between FHYTX and PACIX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 1987 | 0.42 |
The correlation between FHYTX and PACIX shifts across timeframes, from 0.31 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHYTX vs. PACIX — Risk / Return Rank
FHYTX
PACIX
FHYTX vs. PACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and Columbia Convertible Securities Fund (PACIX). 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 | PACIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.08 | -1.30 |
| Martin ratioReturn relative to average drawdown | 8.19 | 10.65 | -2.45 |
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Drawdowns
FHYTX vs. PACIX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, smaller than the maximum PACIX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for FHYTX and PACIX.
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Drawdown Indicators
| FHYTX | PACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -43.86% | +8.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -8.75% | +5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -12.15% | +8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -26.71% | +9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -28.74% | +4.56% |
Current DrawdownCurrent decline from peak | -0.62% | -6.52% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -6.82% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.52% | -1.92% |
Volatility
FHYTX vs. PACIX - Volatility Comparison
The current volatility for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) is 0.72%, while Columbia Convertible Securities Fund (PACIX) has a volatility of 5.08%. This indicates that FHYTX experiences smaller price fluctuations and is considered to be less risky than PACIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYTX | PACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 5.08% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 13.21% | -10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 16.17% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 13.43% | -7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 13.56% | -6.34% |
FHYTX vs. PACIX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is lower than PACIX's 1.12% expense ratio.
Dividends
FHYTX vs. PACIX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.79%, more than PACIX's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PACIX Columbia Convertible Securities Fund | 4.24% | 1.45% | 1.96% | 2.53% | 9.87% | 22.27% | 7.81% | 6.29% | 5.29% | 2.75% | 2.34% | 9.91% |
Frequently Asked Questions
FHYTX and PACIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PACIX has higher volatility (5.08%) compared to FHYTX (0.72%). In terms of maximum drawdown, FHYTX dropped -34.98% vs PACIX's -43.86%.
PACIX currently has the higher Sharpe Ratio (1.67 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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