FHYTX vs. PEDIX
FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) and PEDIX (PIMCO Extended Duration Fund) are both mutual funds - FHYTX is a High Yield Bonds fund managed by Federated, while PEDIX is a Government Bonds fund managed by PIMCO. Over the past 10 years, FHYTX returned 5.97%/yr vs -4.27%/yr for PEDIX. Their -0.10 correlation means they have often moved in opposite directions in the past. FHYTX charges 0.98%/yr vs 0.50%/yr for PEDIX.
Performance
FHYTX vs. PEDIX - 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 PEDIX's -5.53% return. Over the past 10 years, FHYTX has outperformed PEDIX with an annualized return of 5.97%, while PEDIX has yielded a comparatively lower -4.27% 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%
PEDIX
- 1D
- -0.17%
- 1M
- -5.94%
- 6M
- -5.80%
- YTD
- -5.53%
- 1Y
- -4.34%
- 3Y*
- -5.13%
- 5Y*
- -12.22%
- 10Y*
- -4.27%
- ALL TIME*
- 3.23%
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. PEDIX - 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% |
PEDIX PIMCO Extended Duration Fund | -5.53% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
Correlation
The correlation between FHYTX and PEDIX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2006 | -0.10 |
The correlation between FHYTX and PEDIX shifts across timeframes, from -0.10 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHYTX vs. PEDIX — Risk / Return Rank
FHYTX
PEDIX
FHYTX vs. PEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and PIMCO Extended Duration Fund (PEDIX). 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 | PEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | -0.17 | +1.94 |
| Martin ratioReturn relative to average drawdown | 8.19 | -0.36 | +8.56 |
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Drawdowns
FHYTX vs. PEDIX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, smaller than the maximum PEDIX drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for FHYTX and PEDIX.
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Drawdown Indicators
| FHYTX | PEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -60.38% | +25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -12.59% | +9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -22.63% | +18.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -56.15% | +39.11% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -60.38% | +36.20% |
Current DrawdownCurrent decline from peak | -0.62% | -55.62% | +55.00% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -21.45% | +16.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 5.96% | -5.36% |
Volatility
FHYTX vs. PEDIX - Volatility Comparison
The current volatility for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) is 0.72%, while PIMCO Extended Duration Fund (PEDIX) has a volatility of 3.90%. This indicates that FHYTX experiences smaller price fluctuations and is considered to be less risky than PEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYTX | PEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 3.90% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 10.96% | -8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 14.69% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 22.05% | -16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 20.48% | -13.26% |
FHYTX vs. PEDIX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than PEDIX's 0.50% expense ratio.
Dividends
FHYTX vs. PEDIX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.79%, more than PEDIX's 3.84% 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% |
PEDIX PIMCO Extended Duration Fund | 3.84% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
Frequently Asked Questions
FHYTX and PEDIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEDIX has higher volatility (3.90%) compared to FHYTX (0.72%). In terms of maximum drawdown, FHYTX dropped -34.98% vs PEDIX's -60.38%.
FHYTX currently has the higher Sharpe Ratio (1.35 vs -0.15), 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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