FIIFX vs. VLTCX
FIIFX (Federated Hermes Intermediate Corporate Bond Fund) and VLTCX (Vanguard Long-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, FIIFX returned 2.23%/yr vs 1.58%/yr for VLTCX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FIIFX charges 0.58%/yr vs 0.07%/yr for VLTCX.
Performance
FIIFX vs. VLTCX - Performance Comparison
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Returns By Period
In the year-to-date period, FIIFX achieves a -0.51% return, which is significantly higher than VLTCX's -2.30% return. Over the past 10 years, FIIFX has outperformed VLTCX with an annualized return of 2.23%, while VLTCX has yielded a comparatively lower 1.58% annualized return.
FIIFX
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- -0.52%
- YTD
- -0.51%
- 1Y
- 2.64%
- 3Y*
- 4.40%
- 5Y*
- 0.68%
- 10Y*
- 2.23%
- ALL TIME*
- 4.47%
VLTCX
- 1D
- 0.21%
- 1M
- -3.24%
- 6M
- -2.68%
- YTD
- -2.30%
- 1Y
- 0.19%
- 3Y*
- 2.93%
- 5Y*
- -3.41%
- 10Y*
- 1.58%
- ALL TIME*
- 4.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIIFX vs. VLTCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIIFX Federated Hermes Intermediate Corporate Bond Fund | -0.51% | 7.62% | 3.20% | 5.66% | -10.03% | -1.61% | 7.58% | 9.72% | -0.48% | 4.32% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | -2.30% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
Correlation
The correlation between FIIFX and VLTCX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.75 |
Over the past year, the correlation between FIIFX and VLTCX has dropped to 0.42 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
FIIFX vs. VLTCX — Risk / Return Rank
FIIFX
VLTCX
FIIFX vs. VLTCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) and Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX). 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 | VLTCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.21 | +1.01 |
| Martin ratioReturn relative to average drawdown | 3.66 | 0.46 | +3.20 |
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Drawdowns
FIIFX vs. VLTCX - Drawdown Comparison
The maximum FIIFX drawdown since its inception was -14.85%, smaller than the maximum VLTCX drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for FIIFX and VLTCX.
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Drawdown Indicators
| FIIFX | VLTCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.85% | -34.56% | +19.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -5.34% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -10.12% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -34.56% | +19.80% |
Max Drawdown (10Y)Largest decline over 10 years | -14.85% | -34.56% | +19.71% |
Current DrawdownCurrent decline from peak | -1.44% | -16.80% | +15.36% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -8.10% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.44% | -1.68% |
Volatility
FIIFX vs. VLTCX - Volatility Comparison
The current volatility for Federated Hermes Intermediate Corporate Bond Fund (FIIFX) is 0.69%, while Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) has a volatility of 1.95%. This indicates that FIIFX experiences smaller price fluctuations and is considered to be less risky than VLTCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIFX | VLTCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 1.95% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 5.70% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 7.48% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 11.83% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 10.59% | -6.78% |
FIIFX vs. VLTCX - Expense Ratio Comparison
FIIFX has a 0.58% expense ratio, which is higher than VLTCX's 0.07% expense ratio.
Dividends
FIIFX vs. VLTCX - Dividend Comparison
FIIFX's dividend yield for the trailing twelve months is around 3.96%, less than VLTCX's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIFX Federated Hermes Intermediate Corporate Bond Fund | 3.96% | 4.15% | 3.39% | 2.95% | 1.97% | 2.69% | 2.64% | 2.92% | 4.02% | 4.27% | 3.30% | 3.79% |
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.14% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
Frequently Asked Questions
FIIFX and VLTCX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLTCX has higher volatility (1.95%) compared to FIIFX (0.69%). In terms of maximum drawdown, FIIFX dropped -14.85% vs VLTCX's -34.56%.
FIIFX currently has the higher Sharpe Ratio (0.92 vs 0.15), 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.
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