FTRFX vs. FHYTX
FTRFX (Federated Hermes Total Return Bond Fund) and FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) are both mutual funds - FTRFX is a Intermediate Core-Plus Bond fund managed by Federated, while FHYTX is a High Yield Bonds fund managed by Federated. Over the past 10 years, FTRFX returned 1.53%/yr vs 6.00%/yr for FHYTX. Their 0.21 correlation means their historical movements had little consistent relationship. FTRFX charges 0.69%/yr vs 0.98%/yr for FHYTX.
Performance
FTRFX vs. FHYTX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTRFX achieves a -1.44% return, which is significantly lower than FHYTX's 1.32% return. Over the past 10 years, FTRFX has underperformed FHYTX with an annualized return of 1.53%, while FHYTX has yielded a comparatively higher 6.00% annualized return.
FTRFX
- 1D
- -0.32%
- 1M
- -1.49%
- 6M
- -1.25%
- YTD
- -1.44%
- 1Y
- 2.26%
- 3Y*
- 3.27%
- 5Y*
- -0.85%
- 10Y*
- 1.53%
- ALL TIME*
- 4.22%
FHYTX
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 1.19%
- YTD
- 1.32%
- 1Y
- 4.57%
- 3Y*
- 7.39%
- 5Y*
- 2.99%
- 10Y*
- 6.00%
- ALL TIME*
- 6.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FTRFX vs. FHYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRFX Federated Hermes Total Return Bond Fund | -1.44% | 7.28% | 1.02% | 4.23% | -13.31% | -0.47% | 9.19% | 9.42% | -1.14% | 4.10% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 1.32% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
Correlation
The correlation between FTRFX and FHYTX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | 0.21 |
Over the past year, FTRFX and FHYTX have become more correlated (0.57) than their long-term average of 0.21, meaning their price movements have been converging.
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
FTRFX vs. FHYTX — Risk / Return Rank
FTRFX
FHYTX
FTRFX vs. FHYTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund (FTRFX) and Federated Hermes Opportunistic High Yield Bond Fund (FHYTX). 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 | FHYTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.66 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.04 | 7.65 | -5.62 |
Loading charts...
Drawdowns
FTRFX vs. FHYTX - Drawdown Comparison
The maximum FTRFX drawdown since its inception was -17.95%, smaller than the maximum FHYTX drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for FTRFX and FHYTX.
Loading charts...
Drawdown Indicators
| FTRFX | FHYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.95% | -34.98% | +17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.76% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -4.12% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.95% | -17.04% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.95% | -24.18% | +6.23% |
Current DrawdownCurrent decline from peak | -4.40% | -0.62% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -4.51% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.60% | +0.51% |
Volatility
FTRFX vs. FHYTX - Volatility Comparison
Federated Hermes Total Return Bond Fund (FTRFX) has a higher volatility of 1.08% compared to Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) at 0.72%. This indicates that FTRFX's price experiences larger fluctuations and is considered to be riskier than FHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTRFX | FHYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.72% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.86% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.63% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 5.66% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 7.22% | -2.43% |
FTRFX vs. FHYTX - Expense Ratio Comparison
FTRFX has a 0.69% expense ratio, which is lower than FHYTX's 0.98% expense ratio.
Dividends
FTRFX vs. FHYTX - Dividend Comparison
FTRFX's dividend yield for the trailing twelve months is around 3.94%, less than FHYTX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.79% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
FTRFX Federated Hermes Total Return Bond Fund | 3.94% | 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 FHYTX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTRFX has higher volatility (1.08%) compared to FHYTX (0.72%). In terms of maximum drawdown, FTRFX dropped -17.95% vs FHYTX's -34.98%.
FHYTX currently has the higher Sharpe Ratio (1.27 vs 0.58), 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 FTRFX and FHYTX
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