FIHBX vs. FHYSX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
FIHBX vs. FHYSX - Performance Comparison
Loading graphics...
FIHBX vs. FHYSX - 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
The year-to-date returns for both investments are quite close, with FIHBX having a -1.32% return and FHYSX slightly higher at -1.26%. Over the past 10 years, FIHBX has underperformed FHYSX with an annualized return of 5.15%, while FHYSX has yielded a comparatively higher 5.44% 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%
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIHBX vs. FHYSX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
FIHBX vs. FHYSX — Risk / Return Rank
FIHBX
FHYSX
FIHBX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 1.71 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.43 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.73 | -0.23 |
Martin ratioReturn relative to average drawdown | 10.29 | 11.03 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FIHBX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.71 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.95 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.86 | +0.49 |
Correlation
The correlation between FIHBX and FHYSX is 0.89, 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. FHYSX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.00%, more than FHYSX's 5.79% 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
FIHBX vs. FHYSX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FIHBX and FHYSX.
Loading graphics...
Drawdown Indicators
| FIHBX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -21.45% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.50% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -16.93% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | -21.45% | -0.22% |
Current DrawdownCurrent decline from peak | -1.78% | -1.77% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.61% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.62% | -0.02% |
Volatility
FIHBX vs. FHYSX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) has a higher volatility of 1.50% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.38%. This indicates that FIHBX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIHBX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.38% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.43% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.79% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 5.20% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.77% | -0.01% |