FIHBX vs. JNK
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and SPDR Barclays High Yield Bond ETF (JNK).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or JNK.
Correlation
The correlation between FIHBX and JNK is 0.37, 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.
Performance
FIHBX vs. JNK - Performance Comparison
Key characteristics
FIHBX:
2.38
JNK:
1.40
FIHBX:
3.55
JNK:
2.06
FIHBX:
1.54
JNK:
1.29
FIHBX:
2.72
JNK:
1.64
FIHBX:
11.50
JNK:
8.53
FIHBX:
0.74%
JNK:
0.96%
FIHBX:
3.57%
JNK:
5.86%
FIHBX:
-31.43%
JNK:
-38.48%
FIHBX:
-0.65%
JNK:
-1.07%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FIHBX at 1.20% and JNK at 1.20%. Over the past 10 years, FIHBX has outperformed JNK with an annualized return of 4.53%, while JNK has yielded a comparatively lower 3.66% annualized return.
FIHBX
1.20%
0.71%
2.03%
8.49%
5.77%
4.53%
JNK
1.20%
0.36%
1.92%
8.35%
5.51%
3.66%
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FIHBX vs. JNK - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is higher than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
FIHBX vs. JNK — Risk-Adjusted Performance Rank
FIHBX
JNK
FIHBX vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and SPDR Barclays High Yield Bond ETF (JNK). 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. JNK - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.97%, less than JNK's 6.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.97% | 5.94% | 5.92% | 6.04% | 5.10% | 5.14% | 5.80% | 6.24% | 5.56% | 5.76% | 6.45% | 6.32% |
JNK SPDR Barclays High Yield Bond ETF | 6.69% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% |
Drawdowns
FIHBX vs. JNK - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.43%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FIHBX and JNK. For additional features, visit the drawdowns tool.
Volatility
FIHBX vs. JNK - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 2.06%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 4.32%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.