FSTIX vs. DBLSX

Last updated Jun 4, 2026

FSTIX (Federated Hermes Short-Term Income Fund) and DBLSX (DoubleLine Low Duration Bond Fund) are both Short-Term Bond funds. Over the past 10 years, FSTIX returned 2.29%/yr vs 2.87%/yr for DBLSX. At a 0.43 correlation, their price movements are largely independent. FSTIX charges 0.66%/yr vs 0.41%/yr for DBLSX.

Performance

FSTIX vs. DBLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short-Term Income Fund (FSTIX) and DoubleLine Low Duration Bond Fund (DBLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSTIX achieves a 0.91% return, which is significantly lower than DBLSX's 1.06% return. Over the past 10 years, FSTIX has underperformed DBLSX with an annualized return of 2.29%, while DBLSX has yielded a comparatively higher 2.87% annualized return.

FSTIX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 0.91%
• 6M: 1.40%
• 1Y: 4.49%
• 3Y*: 4.88%
• 5Y*: 2.29%
• 10Y*: 2.29%

DBLSX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.06%
• 6M: 1.37%
• 1Y: 4.51%
• 3Y*: 5.51%
• 5Y*: 3.17%
• 10Y*: 2.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSTIX vs. DBLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTIX Federated Hermes Short-Term Income Fund	0.91%	5.92%	4.60%	4.57%	-3.67%	-0.55%	3.48%	4.32%	1.45%	1.76%
DBLSX DoubleLine Low Duration Bond Fund	1.06%	5.74%	5.32%	6.76%	-2.69%	0.70%	2.02%	4.73%	1.40%	2.65%

Correlation

The correlation between FSTIX and DBLSX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011	0.43

Over the past year, the correlation between FSTIX and DBLSX has dropped to 0.20 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

FSTIX vs. DBLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSTIX

FSTIX Risk / Return Rank: 86
FSTIX Sharpe Ratio Rank: 66
FSTIX Sortino Ratio Rank: 94
FSTIX Omega Ratio Rank: 92
FSTIX Calmar Ratio Rank: 87
FSTIX Martin Ratio Rank: 91

DBLSX

DBLSX Risk / Return Rank: 97
DBLSX Sharpe Ratio Rank: 97
DBLSX Sortino Ratio Rank: 98
DBLSX Omega Ratio Rank: 98
DBLSX Calmar Ratio Rank: 96
DBLSX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSTIX vs. DBLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short-Term Income Fund (FSTIX) and DoubleLine Low Duration Bond Fund (DBLSX). 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.

	FSTIX	DBLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	3.76	-1.36
Sortino ratio: Return per unit of downside risk	4.90	6.30	-1.40
Omega ratio: Gain probability vs. loss probability	1.71	2.06	-0.35
Calmar ratio: Return relative to maximum drawdown	4.29	6.27	-1.98
Martin ratio: Return relative to average drawdown	18.41	28.69	-10.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSTIX vs. DBLSX - Sharpe Ratio Comparison

The current FSTIX Sharpe Ratio is 2.40, which is lower than the DBLSX Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of FSTIX and DBLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSTIX	DBLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	3.76	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	2.28	-1.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.29	0.04	+1.25
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.05	+1.54

Drawdowns

FSTIX vs. DBLSX - Drawdown Comparison

The maximum FSTIX drawdown since its inception was -7.59%, smaller than the maximum DBLSX drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for FSTIX and DBLSX.

Drawdown Indicators

	FSTIX	DBLSX	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-57.22%	+49.63%
Max Drawdown (1Y) Largest decline over 1 year	-1.05%	-0.72%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-1.05%	-0.72%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	-5.55%	-4.71%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-5.55%	-57.22%	+51.67%
Current Drawdown Current decline from peak	0.00%	-45.00%	+45.00%
Average Drawdown Average peak-to-trough decline	-0.93%	-31.51%	+30.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	0.16%	+0.08%

Volatility

FSTIX vs. DBLSX - Volatility Comparison

Federated Hermes Short-Term Income Fund (FSTIX) has a higher volatility of 0.57% compared to DoubleLine Low Duration Bond Fund (DBLSX) at 0.42%. This indicates that FSTIX's price experiences larger fluctuations and is considered to be riskier than DBLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSTIX	DBLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	0.42%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	1.36%	0.89%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	1.20%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.09%	1.39%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.78%	63.99%	-62.21%

FSTIX vs. DBLSX - Expense Ratio Comparison

FSTIX has a 0.66% expense ratio, which is higher than DBLSX's 0.41% expense ratio.

Dividends

FSTIX vs. DBLSX - Dividend Comparison

FSTIX's dividend yield for the trailing twelve months is around 4.52%, which matches DBLSX's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLSX DoubleLine Low Duration Bond Fund	4.55%	4.64%	5.09%	4.49%	2.50%	1.72%	2.37%	3.21%	2.92%	2.42%	2.52%	2.47%
FSTIX Federated Hermes Short-Term Income Fund	4.52%	4.55%	3.53%	2.02%	1.16%	0.84%	1.66%	2.33%	2.27%	1.74%	1.40%	1.22%

Frequently Asked Questions

Can I hold both FSTIX and DBLSX in my portfolio?

FSTIX and DBLSX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSTIX or DBLSX?

FSTIX has higher volatility (0.57%) compared to DBLSX (0.42%). In terms of maximum drawdown, FSTIX dropped -7.59% vs DBLSX's -57.22%.

Which has better risk-adjusted returns?

DBLSX currently has the higher Sharpe Ratio (3.76 vs 2.40), 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.