Correlation
The correlation between FIHBX and WATFX is -0.06. 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. WATFX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Western Asset Core Bond Fund (WATFX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. WATFX is managed by Franklin Templeton. It was launched on Sep 4, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or WATFX.
Performance
FIHBX vs. WATFX - Performance Comparison
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Key characteristics
FIHBX:
2.54
WATFX:
0.99
FIHBX:
3.48
WATFX:
1.47
FIHBX:
1.54
WATFX:
1.17
FIHBX:
2.66
WATFX:
0.35
FIHBX:
11.24
WATFX:
2.30
FIHBX:
0.74%
WATFX:
2.49%
FIHBX:
3.55%
WATFX:
5.74%
FIHBX:
-31.05%
WATFX:
-23.11%
FIHBX:
-0.00%
WATFX:
-11.13%
Returns By Period
In the year-to-date period, FIHBX achieves a 2.60% return, which is significantly higher than WATFX's 2.24% return. Over the past 10 years, FIHBX has outperformed WATFX with an annualized return of 4.66%, while WATFX has yielded a comparatively lower 1.60% annualized return.
FIHBX
2.60%
1.02%
2.67%
9.07%
5.81%
4.86%
4.66%
WATFX
2.24%
-0.85%
0.38%
5.63%
0.76%
-1.43%
1.60%
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FIHBX vs. WATFX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is higher than WATFX's 0.46% expense ratio.
Risk-Adjusted Performance
FIHBX vs. WATFX — Risk-Adjusted Performance Rank
FIHBX
WATFX
FIHBX vs. WATFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Western Asset Core Bond Fund (WATFX). 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. WATFX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.91%, more than WATFX's 4.67% 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% |
WATFX Western Asset Core Bond Fund | 4.67% | 4.71% | 3.70% | 2.91% | 2.35% | 3.89% | 3.62% | 2.93% | 2.35% | 2.54% | 2.73% | 2.94% |
Drawdowns
FIHBX vs. WATFX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.05%, which is greater than WATFX's maximum drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for FIHBX and WATFX.
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Volatility
FIHBX vs. WATFX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 0.89%, while Western Asset Core Bond Fund (WATFX) has a volatility of 1.60%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than WATFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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