FIHBX vs. FEPIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Fidelity Total Bond Fund (FEPIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. FEPIX is managed by Fidelity.
Performance
FIHBX vs. FEPIX - Performance Comparison
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FIHBX vs. FEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
FEPIX Fidelity Total Bond Fund | -0.40% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.32% return, which is significantly lower than FEPIX's -0.40% return. Over the past 10 years, FIHBX has outperformed FEPIX with an annualized return of 5.15%, while FEPIX has yielded a comparatively lower 2.44% annualized 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%
FEPIX
- 1D
- 0.10%
- 1M
- -1.75%
- YTD
- -0.40%
- 6M
- 0.33%
- 1Y
- 3.92%
- 3Y*
- 4.03%
- 5Y*
- 0.55%
- 10Y*
- 2.44%
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FIHBX vs. FEPIX - Expense Ratio Comparison
Both FIHBX and FEPIX have an expense ratio of 0.50%.
Return for Risk
FIHBX vs. FEPIX — Risk / Return Rank
FIHBX
FEPIX
FIHBX vs. FEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Fidelity Total Bond Fund (FEPIX). 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 | FEPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 0.98 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.41 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.17 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.65 | +0.84 |
Martin ratioReturn relative to average drawdown | 10.29 | 4.98 | +5.31 |
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 | FEPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.98 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.10 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.52 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.89 | +0.45 |
Correlation
The correlation between FIHBX and FEPIX is 0.30, 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
FIHBX vs. FEPIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.00%, more than FEPIX's 3.97% 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% |
FEPIX Fidelity Total Bond Fund | 3.97% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
Drawdowns
FIHBX vs. FEPIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than FEPIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for FIHBX and FEPIX.
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Drawdown Indicators
| FIHBX | FEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -18.40% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.86% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -18.40% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | -18.40% | -3.27% |
Current DrawdownCurrent decline from peak | -1.78% | -2.25% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.48% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.95% | -0.35% |
Volatility
FIHBX vs. FEPIX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Fidelity Total Bond Fund (FEPIX) have volatilities of 1.50% and 1.53%, 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 | FEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.53% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.62% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 4.36% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 5.65% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 4.71% | +1.05% |