FIHBX vs. KLCIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Federated Hermes Kaufmann Large Cap Fund (KLCIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. KLCIX is managed by Federated. It was launched on Dec 5, 2007.
Performance
FIHBX vs. KLCIX - Performance Comparison
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FIHBX vs. KLCIX - 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% |
KLCIX Federated Hermes Kaufmann Large Cap Fund | -11.73% | 18.71% | 90.57% | 33.02% | -30.06% | 13.95% | 28.58% | 38.16% | 0.16% | 23.57% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.88% return, which is significantly higher than KLCIX's -11.73% return. Over the past 10 years, FIHBX has underperformed KLCIX with an annualized return of 5.09%, while KLCIX has yielded a comparatively higher 17.40% 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%
KLCIX
- 1D
- -0.80%
- 1M
- -9.37%
- YTD
- -11.73%
- 6M
- -9.65%
- 1Y
- 14.91%
- 3Y*
- 35.65%
- 5Y*
- 16.76%
- 10Y*
- 17.40%
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FIHBX vs. KLCIX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than KLCIX's 0.84% expense ratio.
Return for Risk
FIHBX vs. KLCIX — Risk / Return Rank
FIHBX
KLCIX
FIHBX vs. KLCIX - 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 Kaufmann Large Cap Fund (KLCIX). 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 | KLCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.66 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.02 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 0.74 | +1.47 |
Martin ratioReturn relative to average drawdown | 9.25 | 2.62 | +6.64 |
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 | KLCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.66 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.32 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.44 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.41 | +0.93 |
Correlation
The correlation between FIHBX and KLCIX 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.
Dividends
FIHBX vs. KLCIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.03%, less than KLCIX's 33.54% 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% |
KLCIX Federated Hermes Kaufmann Large Cap Fund | 33.54% | 29.60% | 72.67% | 29.59% | 26.95% | 14.50% | 3.48% | 4.34% | 11.36% | 1.41% | 0.00% | 0.01% |
Drawdowns
FIHBX vs. KLCIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, smaller than the maximum KLCIX drawdown of -51.80%. Use the drawdown chart below to compare losses from any high point for FIHBX and KLCIX.
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Drawdown Indicators
| FIHBX | KLCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -51.80% | +20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -15.36% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -41.04% | +24.69% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | -41.04% | +19.37% |
Current DrawdownCurrent decline from peak | -2.34% | -25.06% | +22.72% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -9.26% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 4.35% | -3.76% |
Volatility
FIHBX vs. KLCIX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 1.36%, while Federated Hermes Kaufmann Large Cap Fund (KLCIX) has a volatility of 5.27%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than KLCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIHBX | KLCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 5.27% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 11.73% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 18.44% | -14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 52.22% | -47.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 39.63% | -33.87% |