FIHBX vs. FQTIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Franklin Templeton SMACS: Series I (FQTIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
FIHBX vs. FQTIX - Performance Comparison
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FIHBX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 6.66% |
FQTIX Franklin Templeton SMACS: Series I | 1.02% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.32% return, which is significantly lower than FQTIX's 1.02% 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%
FQTIX
- 1D
- 0.50%
- 1M
- -1.34%
- YTD
- 1.02%
- 6M
- 3.05%
- 1Y
- 9.98%
- 3Y*
- 8.04%
- 5Y*
- 3.70%
- 10Y*
- —
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FIHBX vs. FQTIX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
FIHBX vs. FQTIX — Risk / Return Rank
FIHBX
FQTIX
FIHBX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 2.68 | -1.07 |
Sortino ratioReturn per unit of downside risk | 2.30 | 3.64 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.64 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 4.19 | -1.70 |
Martin ratioReturn relative to average drawdown | 10.29 | 18.41 | -8.12 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.68 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.63 | 0.00 |
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 | 0.56 | +0.79 |
Correlation
The correlation between FIHBX and FQTIX is 0.71, 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. FQTIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.00%, less than FQTIX's 7.00% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.00% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIHBX vs. FQTIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for FIHBX and FQTIX.
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Drawdown Indicators
| FIHBX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -24.62% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.41% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -18.81% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -1.47% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -4.42% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.55% | +0.05% |
Volatility
FIHBX vs. FQTIX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 1.50%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.68%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIHBX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.68% | -0.18% |
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% | 3.87% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 5.93% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 7.80% | -2.04% |