FSTBX vs. IUSB
FSTBX (Federated Hermes Global Allocation Fund) and IUSB (iShares Core Universal USD Bond ETF) are both funds - FSTBX is a Global Allocation fund managed by Federated, while IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Over the past 10 years, FSTBX returned 7.55%/yr vs 1.90%/yr for IUSB. At a 0.16 correlation, their price movements are largely independent. FSTBX charges 1.14%/yr vs 0.06%/yr for IUSB.
Performance
FSTBX vs. IUSB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSTBX achieves a 7.83% return, which is significantly higher than IUSB's 0.67% return. Over the past 10 years, FSTBX has outperformed IUSB with an annualized return of 7.55%, while IUSB has yielded a comparatively lower 1.90% annualized return.
FSTBX
- 1D
- -0.04%
- 1M
- 1.91%
- YTD
- 7.83%
- 6M
- 7.69%
- 1Y
- 19.11%
- 3Y*
- 13.43%
- 5Y*
- 5.69%
- 10Y*
- 7.55%
IUSB
- 1D
- 0.13%
- 1M
- 0.70%
- YTD
- 0.67%
- 6M
- 0.76%
- 1Y
- 4.68%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 1.90%
FSTBX vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTBX Federated Hermes Global Allocation Fund | 7.83% | 16.61% | 9.08% | 11.22% | -15.42% | 8.54% | 12.56% | 17.87% | -8.60% | 17.06% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between FSTBX and IUSB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.16 |
The correlation between FSTBX and IUSB shifts across timeframes, from 0.16 (all time) to 0.35 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSTBX vs. IUSB — Risk / Return Rank
FSTBX
IUSB
FSTBX vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Global Allocation Fund (FSTBX) and iShares Core Universal USD Bond ETF (IUSB). 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.
| FSTBX | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.86 | +0.61 |
| Martin ratioReturn relative to average drawdown | 8.84 | 5.36 | +3.48 |
Loading charts...
Drawdowns
FSTBX vs. IUSB - Drawdown Comparison
The maximum FSTBX drawdown since its inception was -31.34%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for FSTBX and IUSB.
Loading charts...
Drawdown Indicators
| FSTBX | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -17.90% | -13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -2.53% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | -5.82% | -5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -17.87% | -13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -17.90% | -13.44% |
Current DrawdownCurrent decline from peak | -0.25% | -1.09% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -3.58% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.88% | +1.36% |
Volatility
FSTBX vs. IUSB - Volatility Comparison
Federated Hermes Global Allocation Fund (FSTBX) has a higher volatility of 3.77% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.08%. This indicates that FSTBX's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSTBX | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 1.08% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 2.72% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 3.58% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 5.80% | +8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 5.04% | +8.00% |
FSTBX vs. IUSB - Expense Ratio Comparison
FSTBX has a 1.14% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
FSTBX vs. IUSB - Dividend Comparison
FSTBX's dividend yield for the trailing twelve months is around 5.86%, more than IUSB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTBX Federated Hermes Global Allocation Fund | 5.86% | 6.35% | 2.01% | 1.53% | 1.72% | 15.46% | 2.28% | 2.55% | 5.79% | 1.43% | 1.87% | 1.14% |
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
FSTBX and IUSB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTBX has higher volatility (3.77%) compared to IUSB (1.08%). In terms of maximum drawdown, FSTBX dropped -31.34% vs IUSB's -17.90%.
FSTBX currently has the higher Sharpe Ratio (1.69 vs 1.32), 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.
Find the right allocation for FSTBX and IUSB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer