Correlation
The correlation between FIHBX and PFORX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FIHBX vs. PFORX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or PFORX.
Performance
FIHBX vs. PFORX - Performance Comparison
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Key characteristics
FIHBX:
2.54
PFORX:
1.92
FIHBX:
3.48
PFORX:
2.71
FIHBX:
1.54
PFORX:
1.35
FIHBX:
2.66
PFORX:
2.14
FIHBX:
11.24
PFORX:
9.65
FIHBX:
0.74%
PFORX:
0.61%
FIHBX:
3.55%
PFORX:
3.30%
FIHBX:
-31.05%
PFORX:
-13.38%
FIHBX:
-0.00%
PFORX:
-0.40%
Returns By Period
In the year-to-date period, FIHBX achieves a 2.60% return, which is significantly higher than PFORX's 0.94% return. Over the past 10 years, FIHBX has outperformed PFORX with an annualized return of 4.66%, while PFORX has yielded a comparatively lower 3.11% annualized return.
FIHBX
2.60%
1.02%
2.67%
9.07%
5.81%
4.86%
4.66%
PFORX
0.94%
-0.30%
1.09%
6.32%
4.06%
1.71%
3.11%
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FIHBX vs. PFORX - Expense Ratio Comparison
Both FIHBX and PFORX have an expense ratio of 0.50%.
Risk-Adjusted Performance
FIHBX vs. PFORX — Risk-Adjusted Performance Rank
FIHBX
PFORX
FIHBX vs. PFORX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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.
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Dividends
FIHBX vs. PFORX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.91%, more than PFORX's 5.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.91% | 5.94% | 5.92% | 6.04% | 5.10% | 5.14% | 5.80% | 6.24% | 5.56% | 5.76% | 6.45% | 6.57% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 5.22% | 4.90% | 3.03% | 4.24% | 1.55% | 2.46% | 6.60% | 2.91% | 1.46% | 1.40% | 9.11% | 8.41% |
Drawdowns
FIHBX vs. PFORX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than PFORX's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for FIHBX and PFORX.
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Volatility
FIHBX vs. PFORX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) have volatilities of 0.89% and 0.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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