FIBPX vs. PYGSX
Compare and contrast key facts about Federated Hermes International Bond Strategy Portfolio (FIBPX) and Payden Global Low Duration Fund (PYGSX).
FIBPX is managed by Federated. It was launched on Dec 23, 2008. PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996.
Performance
FIBPX vs. PYGSX - Performance Comparison
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FIBPX vs. PYGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIBPX Federated Hermes International Bond Strategy Portfolio | -2.59% | 11.18% | 2.89% | 8.33% | -16.87% | -5.25% | 10.95% | 9.65% | -2.89% | 9.34% |
PYGSX Payden Global Low Duration Fund | 0.15% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.90% |
Returns By Period
In the year-to-date period, FIBPX achieves a -2.59% return, which is significantly lower than PYGSX's 0.15% return. Over the past 10 years, FIBPX has underperformed PYGSX with an annualized return of 2.02%, while PYGSX has yielded a comparatively higher 2.46% annualized return.
FIBPX
- 1D
- -0.16%
- 1M
- -4.53%
- YTD
- -2.59%
- 6M
- -1.04%
- 1Y
- 5.94%
- 3Y*
- 5.71%
- 5Y*
- 0.03%
- 10Y*
- 2.02%
PYGSX
- 1D
- 0.19%
- 1M
- -0.84%
- YTD
- 0.15%
- 6M
- 1.24%
- 1Y
- 4.14%
- 3Y*
- 4.98%
- 5Y*
- 2.57%
- 10Y*
- 2.46%
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FIBPX vs. PYGSX - Expense Ratio Comparison
FIBPX has a 0.00% expense ratio, which is lower than PYGSX's 0.53% expense ratio.
Return for Risk
FIBPX vs. PYGSX — Risk / Return Rank
FIBPX
PYGSX
FIBPX vs. PYGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Bond Strategy Portfolio (FIBPX) and Payden Global Low Duration Fund (PYGSX). 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.
| FIBPX | PYGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.57 | -1.39 |
Sortino ratioReturn per unit of downside risk | 1.76 | 3.97 | -2.20 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.60 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 3.53 | -2.37 |
Martin ratioReturn relative to average drawdown | 4.98 | 17.22 | -12.24 |
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
| FIBPX | PYGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.57 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.38 | -1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 1.42 | -1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 2.08 | -1.38 |
Correlation
The correlation between FIBPX and PYGSX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FIBPX vs. PYGSX - Dividend Comparison
FIBPX's dividend yield for the trailing twelve months is around 5.40%, more than PYGSX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIBPX Federated Hermes International Bond Strategy Portfolio | 5.40% | 5.26% | 5.37% | 3.61% | 0.00% | 5.00% | 2.08% | 3.45% | 4.39% | 2.79% | 4.61% | 0.00% |
PYGSX Payden Global Low Duration Fund | 4.61% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
Drawdowns
FIBPX vs. PYGSX - Drawdown Comparison
The maximum FIBPX drawdown since its inception was -29.22%, which is greater than PYGSX's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for FIBPX and PYGSX.
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Drawdown Indicators
| FIBPX | PYGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -7.29% | -21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -1.23% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.63% | -5.38% | -23.25% |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | -7.29% | -21.93% |
Current DrawdownCurrent decline from peak | -5.09% | -0.84% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -0.49% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.25% | +0.87% |
Volatility
FIBPX vs. PYGSX - Volatility Comparison
Federated Hermes International Bond Strategy Portfolio (FIBPX) has a higher volatility of 2.02% compared to Payden Global Low Duration Fund (PYGSX) at 0.69%. This indicates that FIBPX's price experiences larger fluctuations and is considered to be riskier than PYGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIBPX | PYGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 0.69% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 1.04% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 1.66% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 1.87% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 1.74% | +4.21% |