FIIFX vs. DFTEX

Last updated Jun 24, 2026

FIIFX (Federated Hermes Intermediate Corporate Bond Fund) and DFTEX (DFA Intermediate-Term Extended Quality Portfolio Fund) are both Corporate Bonds funds. Over the past 10 years, FIIFX returned 2.38%/yr vs 2.31%/yr for DFTEX. Their correlation of 0.81 suggests significant overlap in exposure. FIIFX charges 0.58%/yr vs 0.20%/yr for DFTEX.

Performance

FIIFX vs. DFTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIIFX achieves a -0.29% return, which is significantly lower than DFTEX's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with FIIFX having a 2.38% annualized return and DFTEX not far behind at 2.31%.

FIIFX

• 1D: -0.23%
• 1M: 0.24%
• YTD: -0.29%
• 6M: 0.29%
• 1Y: 3.84%
• 3Y*: 4.73%
• 5Y*: 0.93%
• 10Y*: 2.38%

DFTEX

• 1D: -0.31%
• 1M: 0.69%
• YTD: 0.87%
• 6M: 0.97%
• 1Y: 5.45%
• 3Y*: 5.80%
• 5Y*: 0.54%
• 10Y*: 2.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIIFX vs. DFTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIIFX Federated Hermes Intermediate Corporate Bond Fund	-0.29%	7.62%	3.20%	5.66%	-10.03%	-1.61%	7.58%	9.72%	-0.48%	4.32%
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	0.87%	7.70%	2.89%	9.61%	-16.28%	-2.05%	10.26%	13.38%	-2.10%	5.20%

Correlation

The correlation between FIIFX and DFTEX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.81

Over the past year, the correlation between FIIFX and DFTEX has dropped to 0.41 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FIIFX vs. DFTEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIIFX

FIIFX Risk / Return Rank: 28
FIIFX Sharpe Ratio Rank: 25
FIIFX Sortino Ratio Rank: 29
FIIFX Omega Ratio Rank: 30
FIIFX Calmar Ratio Rank: 27
FIIFX Martin Ratio Rank: 27

DFTEX

DFTEX Risk / Return Rank: 27
DFTEX Sharpe Ratio Rank: 28
DFTEX Sortino Ratio Rank: 30
DFTEX Omega Ratio Rank: 26
DFTEX Calmar Ratio Rank: 27
DFTEX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIIFX vs. DFTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIIFX	DFTEX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.39	-0.07
Sortino ratio: Return per unit of downside risk	2.07	2.10	-0.03
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	1.79	1.81	-0.02
Martin ratio: Return relative to average drawdown	5.94	5.86	+0.08

FIIFX vs. DFTEX - Sharpe Ratio Comparison

The current FIIFX Sharpe Ratio is 1.32, which is comparable to the DFTEX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of FIIFX and DFTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIIFX vs. DFTEX - Drawdown Comparison

The maximum FIIFX drawdown since its inception was -14.85%, smaller than the maximum DFTEX drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for FIIFX and DFTEX.

Drawdown Indicators

	FIIFX	DFTEX	Difference
Max Drawdown Largest peak-to-trough decline	-14.85%	-22.83%	+7.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-3.22%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-3.67%	-5.38%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-14.85%	-22.83%	+7.98%
Max Drawdown (10Y) Largest decline over 10 years	-14.85%	-22.83%	+7.98%
Current Drawdown Current decline from peak	-1.21%	-0.94%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.92%	-4.44%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.99%	-0.30%

Volatility

FIIFX vs. DFTEX - Volatility Comparison

The current volatility for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) is 0.98%, while DFA Intermediate-Term Extended Quality Portfolio Fund (DFTEX) has a volatility of 1.26%. This indicates that FIIFX experiences smaller price fluctuations and is considered to be less risky than DFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIIFX	DFTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.26%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	2.25%	3.18%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	3.10%	4.20%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	6.70%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.82%	5.89%	-2.07%

FIIFX vs. DFTEX - Expense Ratio Comparison

FIIFX has a 0.58% expense ratio, which is higher than DFTEX's 0.20% expense ratio.

Dividends

FIIFX vs. DFTEX - Dividend Comparison

FIIFX's dividend yield for the trailing twelve months is around 4.28%, less than DFTEX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFTEX DFA Intermediate-Term Extended Quality Portfolio Fund	4.93%	4.30%	4.27%	3.79%	3.25%	4.12%	3.31%	3.06%	3.24%	2.91%	2.88%	3.90%
FIIFX Federated Hermes Intermediate Corporate Bond Fund	4.28%	4.15%	3.39%	2.95%	1.97%	2.69%	2.64%	2.92%	4.02%	4.27%	3.30%	3.79%

Frequently Asked Questions

Can I hold both FIIFX and DFTEX in my portfolio?

FIIFX and DFTEX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIIFX or DFTEX?

DFTEX has higher volatility (1.26%) compared to FIIFX (0.98%). In terms of maximum drawdown, FIIFX dropped -14.85% vs DFTEX's -22.83%.

Which has better risk-adjusted returns?

DFTEX currently has the higher Sharpe Ratio (1.39 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.