FHYTX vs. RITGX
Compare and contrast key facts about Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and American Funds American High-Income Trust® Class R-6 (RITGX).
FHYTX is managed by Federated. It was launched on Aug 23, 1984. RITGX is managed by American Funds. It was launched on Aug 4, 2008.
Performance
FHYTX vs. RITGX - Performance Comparison
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FHYTX vs. RITGX - 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% |
RITGX American Funds American High-Income Trust® Class R-6 | -0.47% | 8.69% | 9.91% | 12.54% | -10.10% | 8.74% | 7.44% | 12.28% | -1.46% | 7.70% |
Returns By Period
In the year-to-date period, FHYTX achieves a -1.62% return, which is significantly lower than RITGX's -0.47% return. Both investments have delivered pretty close results over the past 10 years, with FHYTX having a 6.38% annualized return and RITGX not far ahead at 6.57%.
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%
RITGX
- 1D
- 0.62%
- 1M
- -1.61%
- YTD
- -0.47%
- 6M
- 0.81%
- 1Y
- 6.69%
- 3Y*
- 9.12%
- 5Y*
- 4.93%
- 10Y*
- 6.57%
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FHYTX vs. RITGX - Expense Ratio Comparison
FHYTX has a 0.98% expense ratio, which is higher than RITGX's 0.32% expense ratio.
Return for Risk
FHYTX vs. RITGX — Risk / Return Rank
FHYTX
RITGX
FHYTX vs. RITGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) and American Funds American High-Income Trust® Class R-6 (RITGX). 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 | RITGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.60 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.09 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.15 | -0.18 |
Martin ratioReturn relative to average drawdown | 8.39 | 9.13 | -0.74 |
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 | RITGX | 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 | 0.99 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.20 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.18 | -0.12 |
Correlation
The correlation between FHYTX and RITGX is 0.79, 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. RITGX - Dividend Comparison
FHYTX's dividend yield for the trailing twelve months is around 4.93%, less than RITGX's 6.21% 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% |
RITGX American Funds American High-Income Trust® Class R-6 | 6.21% | 6.63% | 6.66% | 6.80% | 4.50% | 4.65% | 6.19% | 6.56% | 6.68% | 6.36% | 5.36% | 7.29% |
Drawdowns
FHYTX vs. RITGX - Drawdown Comparison
The maximum FHYTX drawdown since its inception was -34.98%, which is greater than RITGX's maximum drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for FHYTX and RITGX.
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Drawdown Indicators
| FHYTX | RITGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.98% | -21.20% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.38% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -13.75% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -24.18% | -21.20% | -2.98% |
Current DrawdownCurrent decline from peak | -2.15% | -1.81% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -2.25% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.80% | -0.05% |
Volatility
FHYTX vs. RITGX - Volatility Comparison
Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) has a higher volatility of 1.61% compared to American Funds American High-Income Trust® Class R-6 (RITGX) at 1.37%. This indicates that FHYTX's price experiences larger fluctuations and is considered to be riskier than RITGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHYTX | RITGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.37% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.39% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.34% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 4.98% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 5.52% | +1.76% |