FIDAX vs. FHIIX
FIDAX (John Hancock Financial Industries Fund) and FHIIX (Federated Hermes High Income Bond Fund) are both mutual funds - FIDAX is a Financials Equities fund managed by BlackRock, while FHIIX is a High Yield Bonds fund managed by Federated. Over the past 10 years, FIDAX returned 11.20%/yr vs 4.86%/yr for FHIIX. At a 0.28 correlation, their price movements are largely independent. FIDAX charges 1.24%/yr vs 0.90%/yr for FHIIX.
Performance
FIDAX vs. FHIIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIDAX achieves a 2.64% return, which is significantly higher than FHIIX's 1.02% return. Over the past 10 years, FIDAX has outperformed FHIIX with an annualized return of 11.20%, while FHIIX has yielded a comparatively lower 4.86% annualized return.
FIDAX
- 1D
- 0.87%
- 1M
- 3.40%
- YTD
- 2.64%
- 6M
- 0.94%
- 1Y
- 11.73%
- 3Y*
- 20.57%
- 5Y*
- 8.02%
- 10Y*
- 11.20%
FHIIX
- 1D
- -0.15%
- 1M
- 0.61%
- YTD
- 1.02%
- 6M
- 1.31%
- 1Y
- 4.96%
- 3Y*
- 7.80%
- 5Y*
- 3.13%
- 10Y*
- 4.86%
FIDAX vs. FHIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDAX John Hancock Financial Industries Fund | 2.64% | 12.05% | 30.09% | 5.01% | -14.17% | 28.80% | 1.58% | 31.21% | -15.30% | 11.00% |
FHIIX Federated Hermes High Income Bond Fund | 1.02% | 8.00% | 6.16% | 12.42% | -11.74% | 4.68% | 5.90% | 14.35% | -3.06% | 6.54% |
Correlation
The correlation between FIDAX and FHIIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 1996 | 0.28 |
The correlation between FIDAX and FHIIX shifts across timeframes, from 0.19 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIDAX vs. FHIIX — Risk / Return Rank
FIDAX
FHIIX
FIDAX vs. FHIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Industries Fund (FIDAX) and Federated Hermes High Income Bond Fund (FHIIX). 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.
| FIDAX | FHIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.05 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.68 | 10.17 | -7.49 |
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Drawdowns
FIDAX vs. FHIIX - Drawdown Comparison
The maximum FIDAX drawdown since its inception was -70.42%, which is greater than FHIIX's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for FIDAX and FHIIX.
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Drawdown Indicators
| FIDAX | FHIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.42% | -35.49% | -34.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -2.51% | -11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -3.56% | -15.79% |
Max Drawdown (5Y)Largest decline over 5 years | -30.89% | -15.39% | -15.50% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -21.19% | -20.90% |
Current DrawdownCurrent decline from peak | -0.85% | -0.29% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -5.32% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 0.50% | +4.45% |
Volatility
FIDAX vs. FHIIX - Volatility Comparison
John Hancock Financial Industries Fund (FIDAX) has a higher volatility of 4.34% compared to Federated Hermes High Income Bond Fund (FHIIX) at 0.73%. This indicates that FIDAX's price experiences larger fluctuations and is considered to be riskier than FHIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDAX | FHIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 0.73% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 2.43% | +10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 3.14% | +13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 4.99% | +15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 5.47% | +16.51% |
FIDAX vs. FHIIX - Expense Ratio Comparison
FIDAX has a 1.24% expense ratio, which is higher than FHIIX's 0.90% expense ratio.
Dividends
FIDAX vs. FHIIX - Dividend Comparison
FIDAX's dividend yield for the trailing twelve months is around 46.95%, more than FHIIX's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIIX Federated Hermes High Income Bond Fund | 5.48% | 5.29% | 5.36% | 5.50% | 5.70% | 4.60% | 4.97% | 5.28% | 5.75% | 5.29% | 5.14% | 5.94% |
FIDAX John Hancock Financial Industries Fund | 46.95% | 48.19% | 10.24% | 1.91% | 11.22% | 23.08% | 5.41% | 7.56% | 7.72% | 6.10% | 6.01% | 0.93% |
Frequently Asked Questions
FIDAX and FHIIX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDAX has higher volatility (4.34%) compared to FHIIX (0.73%). In terms of maximum drawdown, FIDAX dropped -70.42% vs FHIIX's -35.49%.
FHIIX currently has the higher Sharpe Ratio (1.64 vs 0.83), 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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