FTKFX vs. FIHBX
Compare and contrast key facts about Fidelity Total Bond K6 Fund (FTKFX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX).
FTKFX is managed by Fidelity. It was launched on May 25, 2017. FIHBX is managed by Federated. It was launched on Nov 1, 2002.
Performance
FTKFX vs. FIHBX - Performance Comparison
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FTKFX vs. FIHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTKFX Fidelity Total Bond K6 Fund | -0.32% | 7.53% | 2.36% | 6.65% | -13.23% | -0.46% | 8.75% | 10.03% | -0.75% | 1.14% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 1.95% |
Returns By Period
In the year-to-date period, FTKFX achieves a -0.32% return, which is significantly higher than FIHBX's -1.32% return.
FTKFX
- 1D
- 0.11%
- 1M
- -1.78%
- YTD
- -0.32%
- 6M
- 0.44%
- 1Y
- 4.08%
- 3Y*
- 4.23%
- 5Y*
- 0.77%
- 10Y*
- —
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
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FTKFX vs. FIHBX - Expense Ratio Comparison
FTKFX has a 0.30% expense ratio, which is lower than FIHBX's 0.50% expense ratio.
Return for Risk
FTKFX vs. FIHBX — Risk / Return Rank
FTKFX
FIHBX
FTKFX vs. FIHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond K6 Fund (FTKFX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX). 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.
| FTKFX | FIHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.60 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.42 | 2.30 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.50 | -0.56 |
Martin ratioReturn relative to average drawdown | 5.86 | 10.29 | -4.43 |
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
| FTKFX | FIHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.60 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.62 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.35 | -0.89 |
Correlation
The correlation between FTKFX and FIHBX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTKFX vs. FIHBX - Dividend Comparison
FTKFX's dividend yield for the trailing twelve months is around 4.25%, less than FIHBX's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTKFX Fidelity Total Bond K6 Fund | 4.25% | 4.61% | 4.76% | 3.86% | 2.53% | 2.24% | 5.51% | 3.26% | 2.94% | 1.63% | 0.00% | 0.00% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
Drawdowns
FTKFX vs. FIHBX - Drawdown Comparison
The maximum FTKFX drawdown since its inception was -17.81%, smaller than the maximum FIHBX drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for FTKFX and FIHBX.
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Drawdown Indicators
| FTKFX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -31.05% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.49% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -16.35% | -1.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.67% | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.78% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.31% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.60% | +0.33% |
Volatility
FTKFX vs. FIHBX - Volatility Comparison
Fidelity Total Bond K6 Fund (FTKFX) has a higher volatility of 1.61% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 1.50%. This indicates that FTKFX's price experiences larger fluctuations and is considered to be riskier than FIHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTKFX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.50% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.56% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.80% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 5.15% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 5.76% | -0.83% |