FIHBX vs. BKLN
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Invesco Senior Loan ETF (BKLN).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. BKLN is a passively managed fund by Invesco that tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or BKLN.
Correlation
The correlation between FIHBX and BKLN is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIHBX vs. BKLN - Performance Comparison
Key characteristics
FIHBX:
2.70
BKLN:
3.74
FIHBX:
4.39
BKLN:
5.61
FIHBX:
1.62
BKLN:
2.02
FIHBX:
4.29
BKLN:
5.02
FIHBX:
14.75
BKLN:
44.31
FIHBX:
0.56%
BKLN:
0.19%
FIHBX:
3.07%
BKLN:
2.23%
FIHBX:
-31.43%
BKLN:
-24.17%
FIHBX:
-0.22%
BKLN:
-0.05%
Returns By Period
In the year-to-date period, FIHBX achieves a 1.15% return, which is significantly higher than BKLN's 0.59% return. Over the past 10 years, FIHBX has outperformed BKLN with an annualized return of 4.70%, while BKLN has yielded a comparatively lower 3.71% annualized return.
FIHBX
1.15%
0.47%
3.33%
8.57%
3.57%
4.70%
BKLN
0.59%
0.10%
4.32%
8.15%
4.44%
3.71%
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FIHBX vs. BKLN - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
FIHBX vs. BKLN — Risk-Adjusted Performance Rank
FIHBX
BKLN
FIHBX vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Invesco Senior Loan ETF (BKLN). 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.
Dividends
FIHBX vs. BKLN - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.88%, less than BKLN's 7.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.88% | 5.94% | 5.92% | 6.04% | 5.10% | 5.14% | 5.80% | 6.24% | 5.56% | 5.76% | 6.45% | 6.32% |
BKLN Invesco Senior Loan ETF | 7.69% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% |
Drawdowns
FIHBX vs. BKLN - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.43%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FIHBX and BKLN. For additional features, visit the drawdowns tool.
Volatility
FIHBX vs. BKLN - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) has a higher volatility of 0.73% compared to Invesco Senior Loan ETF (BKLN) at 0.38%. This indicates that FIHBX's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.