FQCHX vs. FHTFX
FQCHX (Franklin Templeton SMACS: Series CH) and FHTFX (Federated Hermes Municipal High Yield Advtg Fd) are both High Yield Muni funds. Over the past 5 years, FQCHX returned 0.87%/yr vs 0.23%/yr for FHTFX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FQCHX charges 0.00%/yr vs 0.89%/yr for FHTFX.
Performance
FQCHX vs. FHTFX - Performance Comparison
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Returns By Period
In the year-to-date period, FQCHX achieves a 1.34% return, which is significantly higher than FHTFX's 1.23% return.
FQCHX
- 1D
- 0.00%
- 1M
- -2.18%
- 6M
- 1.09%
- YTD
- 1.34%
- 1Y
- 6.71%
- 3Y*
- 5.93%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 2.61%
FHTFX
- 1D
- 0.00%
- 1M
- -1.76%
- 6M
- 0.38%
- YTD
- 1.23%
- 1Y
- 6.70%
- 3Y*
- 4.48%
- 5Y*
- 0.23%
- 10Y*
- 2.24%
- ALL TIME*
- 3.95%
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 |
FQCHX vs. FHTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FQCHX Franklin Templeton SMACS: Series CH | 1.34% | 4.96% | 8.85% | 4.90% | -13.94% | 6.00% | 4.25% | 4.13% |
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 1.23% | 2.09% | 5.67% | 6.91% | -13.36% | 5.47% | 2.91% | 3.63% |
Correlation
The correlation between FQCHX and FHTFX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.76 |
The correlation between FQCHX and FHTFX shifts across timeframes, from 0.64 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FQCHX vs. FHTFX — Risk / Return Rank
FQCHX
FHTFX
FQCHX vs. FHTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series CH (FQCHX) and Federated Hermes Municipal High Yield Advtg Fd (FHTFX). 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.
| FQCHX | FHTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.63 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.55 | -0.94 |
| Martin ratioReturn relative to average drawdown | 9.93 | 13.13 | -3.20 |
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Drawdowns
FQCHX vs. FHTFX - Drawdown Comparison
The maximum FQCHX drawdown since its inception was -21.05%, smaller than the maximum FHTFX drawdown of -27.61%. Use the drawdown chart below to compare losses from any high point for FQCHX and FHTFX.
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Drawdown Indicators
| FQCHX | FHTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -27.61% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.46% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -7.25% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -17.76% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.77% | — |
Current DrawdownCurrent decline from peak | -2.18% | -1.76% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -2.65% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.71% | -0.02% |
Volatility
FQCHX vs. FHTFX - Volatility Comparison
Franklin Templeton SMACS: Series CH (FQCHX) and Federated Hermes Municipal High Yield Advtg Fd (FHTFX) have volatilities of 0.92% and 0.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQCHX | FHTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.96% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.27% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.30% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 5.17% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.51% | 4.86% | +1.65% |
FQCHX vs. FHTFX - Expense Ratio Comparison
FQCHX has a 0.00% expense ratio, which is lower than FHTFX's 0.89% expense ratio.
Dividends
FQCHX vs. FHTFX - Dividend Comparison
FQCHX's dividend yield for the trailing twelve months is around 5.11%, more than FHTFX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 3.44% | 3.02% | 4.53% | 3.81% | 3.65% | 3.14% | 3.52% | 3.88% | 3.85% | 3.88% | 4.11% | 4.02% |
FQCHX Franklin Templeton SMACS: Series CH | 5.11% | 7.32% | 6.12% | 3.92% | 4.22% | 3.39% | 3.35% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FQCHX and FHTFX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHTFX has higher volatility (0.96%) compared to FQCHX (0.92%). In terms of maximum drawdown, FQCHX dropped -21.05% vs FHTFX's -27.61%.
FHTFX currently has the higher Sharpe Ratio (2.65 vs 2.07), 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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