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.
Performance
FIGTX vs. SPHY - Performance Comparison
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FIGTX vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIGTX Federated Hermes Short-Intermediate Government Fund | -0.47% | 6.15% | 1.72% | 3.93% | -9.25% | -2.58% | 5.77% | 4.57% | 0.94% | 0.28% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, FIGTX achieves a -0.47% return, which is significantly lower than SPHY's -0.07% return. Over the past 10 years, FIGTX has underperformed SPHY with an annualized return of 0.90%, while SPHY has yielded a comparatively higher 5.32% annualized return.
FIGTX
- 1D
- 0.10%
- 1M
- -1.32%
- YTD
- -0.47%
- 6M
- 0.65%
- 1Y
- 3.11%
- 3Y*
- 3.00%
- 5Y*
- 0.05%
- 10Y*
- 0.90%
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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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.
Return for Risk
FIGTX vs. SPHY — Risk / Return Rank
FIGTX
SPHY
FIGTX vs. SPHY - Risk-Adjusted Trends 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.
| FIGTX | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.31 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.94 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.81 | -0.20 |
Martin ratioReturn relative to average drawdown | 4.82 | 9.48 | -4.67 |
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
| FIGTX | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.31 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.61 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.67 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.63 | +0.07 |
Correlation
The correlation between FIGTX and SPHY is 0.14, 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
FIGTX vs. SPHY - Dividend Comparison
FIGTX's dividend yield for the trailing twelve months is around 3.39%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGTX Federated Hermes Short-Intermediate Government Fund | 3.39% | 3.78% | 4.00% | 3.61% | 1.51% | 0.89% | 1.37% | 2.23% | 1.95% | 1.31% | 1.28% | 1.24% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
FIGTX vs. SPHY - Drawdown Comparison
The maximum FIGTX drawdown since its inception was -14.00%, 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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Drawdown Indicators
| FIGTX | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.00% | -21.97% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -4.07% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.04% | -15.29% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -14.00% | -21.97% | +7.97% |
Current DrawdownCurrent decline from peak | -1.52% | -1.06% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -2.32% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.78% | -0.13% |
Volatility
FIGTX vs. SPHY - Volatility Comparison
The current volatility for Federated Hermes Short-Intermediate Government Fund (FIGTX) is 0.90%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. 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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Volatility by Period
| FIGTX | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 2.23% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 2.88% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 5.50% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.24% | 7.16% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.41% | 7.97% | -4.56% |