FIBPX vs. VTABX

Last updated Jun 23, 2026

FIBPX (Federated Hermes International Bond Strategy Portfolio) and VTABX (Vanguard Total International Bond Index Fund Admiral Shares) are both Global Bonds funds. Over the past 10 years, FIBPX returned 2.08%/yr vs 1.83%/yr for VTABX. At a 0.47 correlation, their price movements are largely independent. FIBPX charges 0.00%/yr vs 0.10%/yr for VTABX.

Performance

FIBPX vs. VTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Bond Strategy Portfolio (FIBPX) and Vanguard Total International Bond Index Fund Admiral Shares (VTABX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FIBPX having a 1.10% return and VTABX slightly lower at 1.08%. Over the past 10 years, FIBPX has outperformed VTABX with an annualized return of 2.08%, while VTABX has yielded a comparatively lower 1.83% annualized return.

FIBPX

• 1D: -0.08%
• 1M: 1.26%
• YTD: 1.10%
• 6M: 1.55%
• 1Y: 5.25%
• 3Y*: 7.32%
• 5Y*: 0.11%
• 10Y*: 2.08%

VTABX

• 1D: 0.00%
• 1M: 1.07%
• YTD: 1.08%
• 6M: 1.45%
• 1Y: 2.37%
• 3Y*: 4.40%
• 5Y*: 0.45%
• 10Y*: 1.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIBPX vs. VTABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIBPX Federated Hermes International Bond Strategy Portfolio	1.10%	11.18%	2.89%	8.33%	-16.87%	-5.25%	10.95%	9.65%	-2.89%	9.34%
VTABX Vanguard Total International Bond Index Fund Admiral Shares	1.08%	2.96%	3.92%	8.77%	-12.92%	-2.22%	4.54%	8.83%	2.97%	2.39%

Correlation

The correlation between FIBPX and VTABX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013	0.47

The correlation between FIBPX and VTABX shifts across timeframes, from 0.47 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FIBPX vs. VTABX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIBPX

FIBPX Risk / Return Rank: 14
FIBPX Sharpe Ratio Rank: 15
FIBPX Sortino Ratio Rank: 17
FIBPX Omega Ratio Rank: 14
FIBPX Calmar Ratio Rank: 13
FIBPX Martin Ratio Rank: 14

VTABX

VTABX Risk / Return Rank: 9
VTABX Sharpe Ratio Rank: 10
VTABX Sortino Ratio Rank: 9
VTABX Omega Ratio Rank: 9
VTABX Calmar Ratio Rank: 9
VTABX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIBPX vs. VTABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Bond Strategy Portfolio (FIBPX) and Vanguard Total International Bond Index Fund Admiral Shares (VTABX). 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.

	FIBPX	VTABX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.76	+0.25
Sortino ratio: Return per unit of downside risk	1.58	1.10	+0.48
Omega ratio: Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio: Return relative to maximum drawdown	1.13	0.80	+0.33
Martin ratio: Return relative to average drawdown	3.63	2.18	+1.44

FIBPX vs. VTABX - Sharpe Ratio Comparison

The current FIBPX Sharpe Ratio is 1.01, which is higher than the VTABX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of FIBPX and VTABX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIBPX vs. VTABX - Drawdown Comparison

The maximum FIBPX drawdown since its inception was -29.22%, which is greater than VTABX's maximum drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for FIBPX and VTABX.

Drawdown Indicators

	FIBPX	VTABX	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-16.16%	-13.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-2.90%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-2.90%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-15.81%	-12.73%
Max Drawdown (10Y) Largest decline over 10 years	-29.22%	-16.16%	-13.06%
Current Drawdown Current decline from peak	-1.50%	-0.79%	-0.71%
Average Drawdown Average peak-to-trough decline	-5.45%	-3.04%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.07%	+0.41%

Volatility

FIBPX vs. VTABX - Volatility Comparison

Federated Hermes International Bond Strategy Portfolio (FIBPX) has a higher volatility of 1.34% compared to Vanguard Total International Bond Index Fund Admiral Shares (VTABX) at 1.01%. This indicates that FIBPX's price experiences larger fluctuations and is considered to be riskier than VTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIBPX	VTABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	1.01%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	2.62%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	3.07%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	4.45%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	3.62%	+2.36%

FIBPX vs. VTABX - Expense Ratio Comparison

FIBPX has a 0.00% expense ratio, which is lower than VTABX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIBPX vs. VTABX - Dividend Comparison

FIBPX's dividend yield for the trailing twelve months is around 5.20%, more than VTABX's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIBPX Federated Hermes International Bond Strategy Portfolio	5.20%	5.26%	5.37%	3.61%	0.00%	5.00%	2.08%	3.45%	4.39%	2.79%	4.61%	0.00%
VTABX Vanguard Total International Bond Index Fund Admiral Shares	4.44%	4.36%	4.33%	4.39%	1.48%	3.70%	1.08%	4.28%	3.00%	2.23%	1.80%	1.64%

Frequently Asked Questions

Can I hold both FIBPX and VTABX in my portfolio?

FIBPX and VTABX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIBPX or VTABX?

FIBPX has higher volatility (1.34%) compared to VTABX (1.01%). In terms of maximum drawdown, FIBPX dropped -29.22% vs VTABX's -16.16%.

Which has better risk-adjusted returns?

FIBPX currently has the higher Sharpe Ratio (1.01 vs 0.76), 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.