FHYTX vs. PEDIX
Compare and contrast key facts about Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and PIMCO Extended Duration Fund (PEDIX).
FHYTX is managed by Federated. It was launched on Aug 23, 1984. PEDIX is managed by PIMCO. It was launched on Aug 30, 2006.
Performance
FHYTX vs. PEDIX - Performance Comparison
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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 | -1.62% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
PEDIX PIMCO Extended Duration Fund | -0.38% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
Returns By Period
In the year-to-date period, FHYTX achieves a -1.62% return, which is significantly lower than PEDIX's -0.38% return. Over the past 10 years, FHYTX has outperformed PEDIX with an annualized return of 6.38%, while PEDIX has yielded a comparatively lower -2.73% 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%
PEDIX
- 1D
- 0.00%
- 1M
- -5.57%
- YTD
- -0.38%
- 6M
- -2.73%
- 1Y
- -4.59%
- 3Y*
- -5.50%
- 5Y*
- -9.12%
- 10Y*
- -2.73%
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FHYTX vs. PEDIX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than PEDIX's 0.50% expense ratio.
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.
| FHYTX | PEDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | -0.19 | +1.61 |
Sortino ratioReturn per unit of downside risk | 1.96 | -0.14 | +2.10 |
Omega ratioGain probability vs. loss probability | 1.36 | 0.98 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.02 | +1.96 |
Martin ratioReturn relative to average drawdown | 8.39 | 0.04 | +8.36 |
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 | PEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | -0.19 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.41 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | -0.13 | +1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.16 | +0.91 |
Correlation
The correlation between FHYTX and PEDIX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FHYTX vs. PEDIX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.93%, more than PEDIX's 3.19% 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% |
PEDIX PIMCO Extended Duration Fund | 3.19% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
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 | -3.17% | -14.38% | +11.21% |
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 | -2.15% | -53.20% | +51.05% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -20.91% | +16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 7.11% | -6.36% |
Volatility
FHYTX vs. PEDIX - Volatility Comparison
The current volatility for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) is 1.61%, while PIMCO Extended Duration Fund (PEDIX) has a volatility of 6.15%. 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 | 1.61% | 6.15% | -4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 10.43% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 18.00% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 22.17% | -16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 20.55% | -13.27% |