FIHBX vs. PIMIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and PIMCO Income Fund Institutional Class (PIMIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or PIMIX.
Correlation
The correlation between FIHBX and PIMIX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIHBX vs. PIMIX - Performance Comparison
Key characteristics
FIHBX:
2.70
PIMIX:
1.98
FIHBX:
4.39
PIMIX:
2.98
FIHBX:
1.62
PIMIX:
1.39
FIHBX:
4.29
PIMIX:
3.38
FIHBX:
14.75
PIMIX:
8.42
FIHBX:
0.56%
PIMIX:
0.95%
FIHBX:
3.07%
PIMIX:
4.03%
FIHBX:
-31.43%
PIMIX:
-13.39%
FIHBX:
-0.22%
PIMIX:
-0.00%
Returns By Period
In the year-to-date period, FIHBX achieves a 1.15% return, which is significantly lower than PIMIX's 1.76% return. Over the past 10 years, FIHBX has outperformed PIMIX with an annualized return of 4.70%, while PIMIX has yielded a comparatively lower 4.46% annualized return.
FIHBX
1.15%
0.47%
3.33%
8.57%
3.57%
4.70%
PIMIX
1.76%
1.57%
2.77%
8.08%
3.10%
4.46%
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FIHBX vs. PIMIX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
FIHBX vs. PIMIX — Risk-Adjusted Performance Rank
FIHBX
PIMIX
FIHBX vs. PIMIX - 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 Income Fund Institutional Class (PIMIX). 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. PIMIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.88%, less than PIMIX's 6.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.88% | 5.94% | 5.92% | 6.04% | 5.10% | 5.14% | 5.80% | 6.24% | 5.56% | 5.76% | 6.45% | 6.32% |
PIMIX PIMCO Income Fund Institutional Class | 6.20% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
FIHBX vs. PIMIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.43%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FIHBX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
FIHBX vs. PIMIX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 0.73%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 0.94%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.