Correlation
The correlation between FIGTX and SPHY is -0.13. 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.
FIGTX vs. SPHY
Compare and contrast key facts about Federated Hermes Short-Intermediate Government Fund (FIGTX) and SPDR Portfolio High Yield Bond ETF (SPHY).
FIGTX is managed by Federated. It was launched on Feb 17, 1983. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIGTX or SPHY.
Performance
FIGTX vs. SPHY - Performance Comparison
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Key characteristics
FIGTX:
1.62
SPHY:
1.70
FIGTX:
2.23
SPHY:
2.48
FIGTX:
1.28
SPHY:
1.37
FIGTX:
0.63
SPHY:
1.97
FIGTX:
3.87
SPHY:
10.39
FIGTX:
1.41%
SPHY:
0.92%
FIGTX:
3.74%
SPHY:
5.64%
FIGTX:
-13.34%
SPHY:
-21.97%
FIGTX:
-3.72%
SPHY:
0.00%
Returns By Period
In the year-to-date period, FIGTX achieves a 2.39% return, which is significantly lower than SPHY's 2.69% return. Over the past 10 years, FIGTX has underperformed SPHY with an annualized return of 0.81%, while SPHY has yielded a comparatively higher 4.72% annualized return.
FIGTX
2.39%
-0.82%
2.25%
5.47%
1.45%
-0.66%
0.81%
SPHY
2.69%
1.69%
1.97%
9.08%
6.63%
6.00%
4.72%
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FIGTX vs. SPHY - Expense Ratio Comparison
FIGTX has a 0.59% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
FIGTX vs. SPHY — Risk-Adjusted Performance Rank
FIGTX
SPHY
FIGTX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short-Intermediate Government Fund (FIGTX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
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Dividends
FIGTX vs. SPHY - Dividend Comparison
FIGTX's dividend yield for the trailing twelve months is around 3.66%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGTX Federated Hermes Short-Intermediate Government Fund | 3.66% | 4.00% | 3.61% | 2.10% | 1.07% | 1.37% | 2.24% | 1.93% | 1.32% | 1.28% | 1.24% | 1.11% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
FIGTX vs. SPHY - Drawdown Comparison
The maximum FIGTX drawdown since its inception was -13.34%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FIGTX and SPHY.
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Volatility
FIGTX vs. SPHY - Volatility Comparison
The current volatility for Federated Hermes Short-Intermediate Government Fund (FIGTX) is 1.05%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.47%. This indicates that FIGTX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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