FIHBX vs. CRDOX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Six Circles Credit Opportunities Fund (CRDOX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
FIHBX vs. CRDOX - Performance Comparison
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FIHBX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 2.39% |
CRDOX Six Circles Credit Opportunities Fund | -1.45% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.32% return, which is significantly higher than CRDOX's -1.45% return.
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
CRDOX
- 1D
- 0.34%
- 1M
- -2.43%
- YTD
- -1.45%
- 6M
- 0.10%
- 1Y
- 6.40%
- 3Y*
- 6.56%
- 5Y*
- 2.70%
- 10Y*
- —
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FIHBX vs. CRDOX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
FIHBX vs. CRDOX — Risk / Return Rank
FIHBX
CRDOX
FIHBX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| FIHBX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 2.04 | -0.44 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.80 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.81 | +0.69 |
Martin ratioReturn relative to average drawdown | 10.29 | 8.08 | +2.20 |
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
| FIHBX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.04 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.66 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.72 | +0.63 |
Correlation
The correlation between FIHBX and CRDOX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIHBX vs. CRDOX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.00%, less than CRDOX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
CRDOX Six Circles Credit Opportunities Fund | 6.34% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIHBX vs. CRDOX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for FIHBX and CRDOX.
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Drawdown Indicators
| FIHBX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -15.92% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -3.14% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -15.92% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -2.81% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.63% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.70% | -0.10% |
Volatility
FIHBX vs. CRDOX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Six Circles Credit Opportunities Fund (CRDOX) have volatilities of 1.50% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIHBX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.44% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.19% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.28% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 4.11% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 4.04% | +1.72% |