FTRFX vs. ABNDX
FTRFX (Federated Hermes Total Return Bond Fund) and ABNDX (American Funds The Bond Fund of America) are both mutual funds - FTRFX is a Intermediate Core-Plus Bond fund managed by Federated, while ABNDX is a Intermediate Core Bond fund managed by American Funds. Over the past 10 years, FTRFX returned 1.85%/yr vs 1.68%/yr for ABNDX. Their correlation of 0.80 suggests significant overlap in exposure. FTRFX charges 0.69%/yr vs 0.55%/yr for ABNDX.
Performance
FTRFX vs. ABNDX - Performance Comparison
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Returns By Period
In the year-to-date period, FTRFX achieves a -0.08% return, which is significantly lower than ABNDX's 0.10% return. Over the past 10 years, FTRFX has outperformed ABNDX with an annualized return of 1.85%, while ABNDX has yielded a comparatively lower 1.68% annualized return.
FTRFX
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- -0.08%
- 6M
- 0.30%
- 1Y
- 5.19%
- 3Y*
- 3.48%
- 5Y*
- -0.23%
- 10Y*
- 1.85%
ABNDX
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 0.10%
- 6M
- 0.00%
- 1Y
- 5.03%
- 3Y*
- 3.67%
- 5Y*
- -0.20%
- 10Y*
- 1.68%
FTRFX vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRFX Federated Hermes Total Return Bond Fund | -0.08% | 7.28% | 1.02% | 4.23% | -13.31% | -0.47% | 9.19% | 9.42% | -1.14% | 4.10% |
ABNDX American Funds The Bond Fund of America | 0.10% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Correlation
The correlation between FTRFX and ABNDX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 1996 | 0.80 |
Over the past year, the correlation between FTRFX and ABNDX has dropped to 0.42 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
FTRFX vs. ABNDX — Risk / Return Rank
FTRFX
ABNDX
FTRFX vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund (FTRFX) and American Funds The Bond Fund of America (ABNDX). 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.
| FTRFX | ABNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.61 | +0.21 |
| Martin ratioReturn relative to average drawdown | 5.64 | 4.83 | +0.81 |
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
| FTRFX | ABNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.29 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.03 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.34 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.00 | +0.01 |
Drawdowns
FTRFX vs. ABNDX - Drawdown Comparison
The maximum FTRFX drawdown since its inception was -17.95%, roughly equal to the maximum ABNDX drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for FTRFX and ABNDX.
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Drawdown Indicators
| FTRFX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.95% | -18.18% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.13% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -6.19% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.95% | -18.15% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.95% | -18.18% | +0.23% |
Current DrawdownCurrent decline from peak | -3.09% | -3.07% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.22% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.04% | -0.12% |
Volatility
FTRFX vs. ABNDX - Volatility Comparison
Federated Hermes Total Return Bond Fund (FTRFX) and American Funds The Bond Fund of America (ABNDX) have volatilities of 1.40% and 1.39%, 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
| FTRFX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.39% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 2.81% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 3.93% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 5.95% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 4.88% | -0.10% |
FTRFX vs. ABNDX - Expense Ratio Comparison
FTRFX has a 0.69% expense ratio, which is higher than ABNDX's 0.55% expense ratio.
Dividends
FTRFX vs. ABNDX - Dividend Comparison
FTRFX's dividend yield for the trailing twelve months is around 4.25%, more than ABNDX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | 4.14% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
FTRFX Federated Hermes Total Return Bond Fund | 4.25% | 4.22% | 3.48% | 2.95% | 2.25% | 3.17% | 4.36% | 3.08% | 3.19% | 2.91% | 3.33% | 3.23% |
Frequently Asked Questions
FTRFX and ABNDX 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.
FTRFX has higher volatility (1.40%) compared to ABNDX (1.39%). In terms of maximum drawdown, FTRFX dropped -17.95% vs ABNDX's -18.18%.
FTRFX currently has the higher Sharpe Ratio (1.30 vs 1.29), 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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