FIIFX vs. PIGIX
Compare and contrast key facts about Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and PIMCO Investment Grade Credit Bond Fund (PIGIX).
FIIFX is managed by Federated. It was launched on Dec 20, 1993. PIGIX is managed by PIMCO. It was launched on Apr 28, 2000.
Performance
FIIFX vs. PIGIX - Performance Comparison
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FIIFX vs. PIGIX - 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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | -1.62% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
Returns By Period
In the year-to-date period, FIIFX achieves a -1.02% return, which is significantly higher than PIGIX's -1.62% return. Over the past 10 years, FIIFX has underperformed PIGIX with an annualized return of 2.47%, while PIGIX has yielded a comparatively higher 2.86% annualized return.
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%
PIGIX
- 1D
- 0.56%
- 1M
- -3.44%
- YTD
- -1.62%
- 6M
- -0.64%
- 1Y
- 3.68%
- 3Y*
- 4.67%
- 5Y*
- 0.51%
- 10Y*
- 2.86%
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FIIFX vs. PIGIX - Expense Ratio Comparison
FIIFX has a 0.58% expense ratio, which is higher than PIGIX's 0.51% expense ratio.
Return for Risk
FIIFX vs. PIGIX — Risk / Return Rank
FIIFX
PIGIX
FIIFX vs. PIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and PIMCO Investment Grade Credit Bond Fund (PIGIX). 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 | PIGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.84 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.18 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.17 | +1.04 |
Martin ratioReturn relative to average drawdown | 8.69 | 3.97 | +4.72 |
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 | PIGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.84 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.08 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.50 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.05 | +0.02 |
Correlation
The correlation between FIIFX and PIGIX is 0.86, 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. PIGIX - Dividend Comparison
FIIFX's dividend yield for the trailing twelve months is around 3.89%, less than PIGIX's 4.47% 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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.47% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
Drawdowns
FIIFX vs. PIGIX - Drawdown Comparison
The maximum FIIFX drawdown since its inception was -14.85%, smaller than the maximum PIGIX drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for FIIFX and PIGIX.
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Drawdown Indicators
| FIIFX | PIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.85% | -23.09% | +8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -3.98% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -23.09% | +8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.85% | -23.09% | +8.24% |
Current DrawdownCurrent decline from peak | -1.94% | -3.44% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -3.07% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.17% | -0.59% |
Volatility
FIIFX vs. PIGIX - Volatility Comparison
The current volatility for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) is 1.02%, while PIMCO Investment Grade Credit Bond Fund (PIGIX) has a volatility of 2.21%. This indicates that FIIFX experiences smaller price fluctuations and is considered to be less risky than PIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIFX | PIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 2.21% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 3.17% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 5.15% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 6.38% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 5.78% | -1.98% |