FIHBX vs. IVFIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. IVFIX is managed by Federated. It was launched on Jun 3, 2008.
Performance
FIHBX vs. IVFIX - Performance Comparison
Loading graphics...
FIHBX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.88% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 5.22% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.88% return, which is significantly lower than IVFIX's 5.22% return. Over the past 10 years, FIHBX has underperformed IVFIX with an annualized return of 5.09%, while IVFIX has yielded a comparatively higher 7.06% annualized return.
FIHBX
- 1D
- 0.11%
- 1M
- -2.34%
- YTD
- -1.88%
- 6M
- -0.37%
- 1Y
- 5.47%
- 3Y*
- 7.42%
- 5Y*
- 3.11%
- 10Y*
- 5.09%
IVFIX
- 1D
- 0.21%
- 1M
- -6.40%
- YTD
- 5.22%
- 6M
- 10.50%
- 1Y
- 23.17%
- 3Y*
- 13.89%
- 5Y*
- 10.28%
- 10Y*
- 7.06%
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. IVFIX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Return for Risk
FIHBX vs. IVFIX — Risk / Return Rank
FIHBX
IVFIX
FIHBX vs. IVFIX - 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 International Strategic Value Dividend Fund (IVFIX). 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 | IVFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.98 | -0.48 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.58 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.08 | -1.87 |
Martin ratioReturn relative to average drawdown | 9.25 | 17.43 | -8.18 |
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 | IVFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.98 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.83 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.49 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.21 | +1.13 |
Correlation
The correlation between FIHBX and IVFIX is 0.36, 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. IVFIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.03%, more than IVFIX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.03% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.14% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
Drawdowns
FIHBX vs. IVFIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for FIHBX and IVFIX.
Loading graphics...
Drawdown Indicators
| FIHBX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -51.49% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -8.47% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -21.29% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | -33.46% | +11.79% |
Current DrawdownCurrent decline from peak | -2.34% | -6.58% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -11.69% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.98% | -1.39% |
Volatility
FIHBX vs. IVFIX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 1.36%, while Federated Hermes International Strategic Value Dividend Fund (IVFIX) has a volatility of 4.54%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIHBX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 4.54% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 8.10% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 14.63% | -10.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 12.96% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 14.74% | -8.98% |