FTRFX vs. EINFX
FTRFX (Federated Hermes Total Return Bond Fund) and EINFX (Elfun Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, FTRFX returned 1.64%/yr vs 1.16%/yr for EINFX. Their correlation of 0.86 suggests significant overlap in exposure. FTRFX charges 0.69%/yr vs 0.29%/yr for EINFX.
Performance
FTRFX vs. EINFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FTRFX having a -0.37% return and EINFX slightly lower at -0.38%. Over the past 10 years, FTRFX has outperformed EINFX with an annualized return of 1.64%, while EINFX has yielded a comparatively lower 1.16% annualized return.
FTRFX
- 1D
- -0.11%
- 1M
- -0.19%
- 6M
- -0.17%
- YTD
- -0.37%
- 1Y
- 3.63%
- 3Y*
- 3.79%
- 5Y*
- -0.49%
- 10Y*
- 1.64%
EINFX
- 1D
- -0.10%
- 1M
- -0.31%
- 6M
- -0.38%
- YTD
- -0.38%
- 1Y
- 3.67%
- 3Y*
- 3.23%
- 5Y*
- -0.97%
- 10Y*
- 1.16%
FTRFX vs. EINFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRFX Federated Hermes Total Return Bond Fund | -0.37% | 7.28% | 1.02% | 4.23% | -13.31% | -0.47% | 9.19% | 9.42% | -1.14% | 4.10% |
EINFX Elfun Income Fund | -0.38% | 7.35% | -0.73% | 4.75% | -13.82% | -1.57% | 7.81% | 9.51% | -0.86% | 3.91% |
Correlation
The correlation between FTRFX and EINFX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | 0.86 |
Over the past year, the correlation between FTRFX and EINFX has dropped to 0.51 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
FTRFX vs. EINFX — Risk / Return Rank
FTRFX
EINFX
FTRFX vs. EINFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund (FTRFX) and Elfun Income Fund (EINFX). 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.
| FTRFX | EINFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.96 | +0.28 |
| Martin ratioReturn relative to average drawdown | 3.54 | 2.58 | +0.96 |
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Drawdowns
FTRFX vs. EINFX - Drawdown Comparison
The maximum FTRFX drawdown since its inception was -17.95%, smaller than the maximum EINFX drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for FTRFX and EINFX.
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Drawdown Indicators
| FTRFX | EINFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.95% | -19.78% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.40% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -8.10% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.95% | -19.78% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -17.95% | -19.78% | +1.83% |
Current DrawdownCurrent decline from peak | -3.37% | -5.65% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.58% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.26% | -0.26% |
Volatility
FTRFX vs. EINFX - Volatility Comparison
Federated Hermes Total Return Bond Fund (FTRFX) and Elfun Income Fund (EINFX) have volatilities of 1.14% and 1.15%, 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 | EINFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.15% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 3.07% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 4.08% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 6.51% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 5.24% | -0.45% |
FTRFX vs. EINFX - Expense Ratio Comparison
FTRFX has a 0.69% expense ratio, which is higher than EINFX's 0.29% expense ratio.
Dividends
FTRFX vs. EINFX - Dividend Comparison
FTRFX's dividend yield for the trailing twelve months is around 4.26%, more than EINFX's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | 3.87% | 3.84% | 3.04% | 2.76% | 4.09% | 3.31% | 3.15% | 2.78% | 2.88% | 2.42% | 3.34% | 2.87% |
FTRFX Federated Hermes Total Return Bond Fund | 4.26% | 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 EINFX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EINFX has higher volatility (1.15%) compared to FTRFX (1.14%). In terms of maximum drawdown, FTRFX dropped -17.95% vs EINFX's -19.78%.
FTRFX currently has the higher Sharpe Ratio (0.90 vs 0.80), 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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