FIIFX vs. SMARX
Compare and contrast key facts about Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and Brandes Separately Managed Account Reserve Trust (SMARX).
FIIFX is managed by Federated. It was launched on Dec 20, 1993. SMARX is managed by BlackRock. It was launched on Oct 3, 2005.
Performance
FIIFX vs. SMARX - Performance Comparison
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FIIFX vs. SMARX - 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% |
SMARX Brandes Separately Managed Account Reserve Trust | -0.30% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
Returns By Period
In the year-to-date period, FIIFX achieves a -1.02% return, which is significantly lower than SMARX's -0.30% return. Over the past 10 years, FIIFX has underperformed SMARX with an annualized return of 2.47%, while SMARX has yielded a comparatively higher 3.34% 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%
SMARX
- 1D
- 0.64%
- 1M
- -1.99%
- YTD
- -0.30%
- 6M
- 0.49%
- 1Y
- 3.99%
- 3Y*
- 5.18%
- 5Y*
- 1.98%
- 10Y*
- 3.34%
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FIIFX vs. SMARX - Expense Ratio Comparison
FIIFX has a 0.58% expense ratio, which is higher than SMARX's 0.00% expense ratio.
Return for Risk
FIIFX vs. SMARX — Risk / Return Rank
FIIFX
SMARX
FIIFX vs. SMARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and Brandes Separately Managed Account Reserve Trust (SMARX). 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 | SMARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 1.14 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.63 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.89 | +0.32 |
Martin ratioReturn relative to average drawdown | 8.69 | 6.07 | +2.62 |
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 | SMARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.14 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.39 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.77 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.41 | +0.66 |
Correlation
The correlation between FIIFX and SMARX is 0.63, 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
FIIFX vs. SMARX - Dividend Comparison
FIIFX's dividend yield for the trailing twelve months is around 3.89%, less than SMARX's 4.71% 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% |
SMARX Brandes Separately Managed Account Reserve Trust | 4.71% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
Drawdowns
FIIFX vs. SMARX - Drawdown Comparison
The maximum FIIFX drawdown since its inception was -14.85%, smaller than the maximum SMARX drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for FIIFX and SMARX.
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Drawdown Indicators
| FIIFX | SMARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.85% | -47.07% | +32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -2.63% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -16.20% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -14.85% | -16.20% | +1.35% |
Current DrawdownCurrent decline from peak | -1.94% | -1.99% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -7.02% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.82% | -0.24% |
Volatility
FIIFX vs. SMARX - Volatility Comparison
The current volatility for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) is 1.02%, while Brandes Separately Managed Account Reserve Trust (SMARX) has a volatility of 1.66%. This indicates that FIIFX experiences smaller price fluctuations and is considered to be less risky than SMARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIFX | SMARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.66% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.56% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 4.03% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 5.12% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 4.37% | -0.57% |