FIHBX vs. FFRHX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Fidelity Floating Rate High Income Fund (FFRHX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or FFRHX.
Correlation
The correlation between FIHBX and FFRHX is 0.59, 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. FFRHX - Performance Comparison
Key characteristics
FIHBX:
2.66
FFRHX:
3.13
FIHBX:
4.32
FFRHX:
9.29
FIHBX:
1.61
FFRHX:
3.01
FIHBX:
4.23
FFRHX:
9.28
FIHBX:
14.53
FFRHX:
43.33
FIHBX:
0.56%
FFRHX:
0.18%
FIHBX:
3.07%
FFRHX:
2.54%
FIHBX:
-31.43%
FFRHX:
-22.19%
FIHBX:
-0.22%
FFRHX:
-0.32%
Returns By Period
In the year-to-date period, FIHBX achieves a 1.15% return, which is significantly higher than FFRHX's 0.28% return. Both investments have delivered pretty close results over the past 10 years, with FIHBX having a 4.69% annualized return and FFRHX not far ahead at 4.75%.
FIHBX
1.15%
0.47%
2.99%
8.32%
3.57%
4.69%
FFRHX
0.28%
0.28%
4.30%
8.13%
5.55%
4.75%
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FIHBX vs. FFRHX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FIHBX vs. FFRHX — Risk-Adjusted Performance Rank
FIHBX
FFRHX
FIHBX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Fidelity Floating Rate High Income Fund (FFRHX). 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. FFRHX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.88%, less than FFRHX's 8.24% 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% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
FIHBX vs. FFRHX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.43%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FIHBX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FIHBX vs. FFRHX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) has a higher volatility of 0.73% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that FIHBX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.