FIIFX vs. FCBAX
Compare and contrast key facts about Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX).
FIIFX is managed by Federated. It was launched on Dec 20, 1993. FCBAX is managed by Fidelity. It was launched on May 4, 2010.
Performance
FIIFX vs. FCBAX - Performance Comparison
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FIIFX vs. FCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIIFX Federated Hermes Intermediate Corporate Bond Fund | -1.02% | 7.62% | 3.20% | 5.66% | -10.03% | -1.61% | 7.58% | 9.72% | -0.48% | 4.32% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
Returns By Period
In the year-to-date period, FIIFX achieves a -1.02% return, which is significantly higher than FCBAX's -1.25% return. Both investments have delivered pretty close results over the past 10 years, with FIIFX having a 2.47% annualized return and FCBAX not far ahead at 2.48%.
FIIFX
- 1D
- 0.35%
- 1M
- -1.94%
- YTD
- -1.02%
- 6M
- 0.24%
- 1Y
- 4.17%
- 3Y*
- 4.24%
- 5Y*
- 1.00%
- 10Y*
- 2.47%
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
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FIIFX vs. FCBAX - Expense Ratio Comparison
FIIFX has a 0.58% expense ratio, which is lower than FCBAX's 0.77% expense ratio.
Return for Risk
FIIFX vs. FCBAX — Risk / Return Rank
FIIFX
FCBAX
FIIFX vs. FCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX). 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.
| FIIFX | FCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.91 | +0.58 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.27 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.45 | +0.75 |
Martin ratioReturn relative to average drawdown | 8.69 | 4.62 | +4.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIIFX | FCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.91 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.01 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.42 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.63 | +0.44 |
Correlation
The correlation between FIIFX and FCBAX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIIFX vs. FCBAX - Dividend Comparison
FIIFX's dividend yield for the trailing twelve months is around 3.89%, more than FCBAX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIFX Federated Hermes Intermediate Corporate Bond Fund | 3.89% | 4.15% | 3.39% | 2.95% | 1.97% | 2.69% | 2.64% | 2.92% | 4.02% | 4.27% | 3.30% | 3.79% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
Drawdowns
FIIFX vs. FCBAX - Drawdown Comparison
The maximum FIIFX drawdown since its inception was -14.85%, smaller than the maximum FCBAX drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for FIIFX and FCBAX.
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Drawdown Indicators
| FIIFX | FCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.85% | -23.56% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -3.31% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -23.44% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -14.85% | -23.56% | +8.71% |
Current DrawdownCurrent decline from peak | -1.94% | -4.81% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -4.34% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.04% | -0.46% |
Volatility
FIIFX vs. FCBAX - Volatility Comparison
The current volatility for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) is 1.02%, while Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a volatility of 1.85%. This indicates that FIIFX experiences smaller price fluctuations and is considered to be less risky than FCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIFX | FCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.85% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.87% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 4.78% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 6.68% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 5.93% | -2.13% |