FIHBX vs. SCFIX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Shenkman Capital Short Duration High Income Fund (SCFIX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. SCFIX is managed by Shenkman Funds. It was launched on Oct 31, 2012.
Performance
FIHBX vs. SCFIX - Performance Comparison
Loading graphics...
FIHBX vs. SCFIX - 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% |
SCFIX Shenkman Capital Short Duration High Income Fund | -0.61% | 7.02% | 6.11% | 9.24% | -2.52% | 5.08% | 3.36% | 7.61% | 0.85% | 3.54% |
Returns By Period
In the year-to-date period, FIHBX achieves a -1.88% return, which is significantly lower than SCFIX's -0.61% return. Over the past 10 years, FIHBX has outperformed SCFIX with an annualized return of 5.09%, while SCFIX has yielded a comparatively lower 4.30% 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%
SCFIX
- 1D
- 0.10%
- 1M
- -0.81%
- YTD
- -0.61%
- 6M
- 0.92%
- 1Y
- 5.06%
- 3Y*
- 6.27%
- 5Y*
- 4.65%
- 10Y*
- 4.30%
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. SCFIX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than SCFIX's 0.67% expense ratio.
Return for Risk
FIHBX vs. SCFIX — Risk / Return Rank
FIHBX
SCFIX
FIHBX vs. SCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Shenkman Capital Short Duration High Income Fund (SCFIX). 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 | SCFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.61 | -1.11 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.70 | -1.57 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.65 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.04 | -0.83 |
Martin ratioReturn relative to average drawdown | 9.25 | 15.96 | -6.71 |
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 | SCFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.61 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.60 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 1.32 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.30 | +0.04 |
Correlation
The correlation between FIHBX and SCFIX is 0.70, 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.
Dividends
FIHBX vs. SCFIX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 6.03%, more than SCFIX's 5.00% 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% |
SCFIX Shenkman Capital Short Duration High Income Fund | 5.00% | 5.54% | 5.85% | 5.21% | 3.86% | 4.93% | 3.24% | 3.78% | 3.87% | 3.09% | 3.07% | 3.38% |
Drawdowns
FIHBX vs. SCFIX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than SCFIX's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for FIHBX and SCFIX.
Loading graphics...
Drawdown Indicators
| FIHBX | SCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.05% | -13.08% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.63% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -6.30% | -10.05% |
Max Drawdown (10Y)Largest decline over 10 years | -21.67% | -13.08% | -8.59% |
Current DrawdownCurrent decline from peak | -2.34% | -1.01% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -0.52% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.31% | +0.28% |
Volatility
FIHBX vs. SCFIX - Volatility Comparison
Federated Hermes Institutional High Yield Bond Fund (FIHBX) has a higher volatility of 1.36% compared to Shenkman Capital Short Duration High Income Fund (SCFIX) at 0.79%. This indicates that FIHBX's price experiences larger fluctuations and is considered to be riskier than SCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIHBX | SCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.79% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 1.19% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 1.96% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 2.92% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 3.27% | +2.49% |