GBHI vs. FHYS

Last updated Jun 26, 2026

GBHI (Gabelli High Income ETF) and FHYS (Federated Hermes Short Duration High Yield ETF) are both High Yield Bonds funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. GBHI charges 0.55%/yr vs 0.51%/yr for FHYS.

Performance

GBHI vs. FHYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) and Federated Hermes Short Duration High Yield ETF (FHYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBHI achieves a 2.28% return, which is significantly higher than FHYS's 1.65% return.

GBHI

• 1D: 0.06%
• 1M: 0.14%
• YTD: 2.28%
• 6M: 2.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FHYS

• 1D: -0.02%
• 1M: 0.17%
• YTD: 1.65%
• 6M: 1.63%
• 1Y: 5.20%
• 3Y*: 7.67%
• 5Y*: —
• 10Y*: —

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

GBHI vs. FHYS - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	2.28%	1.27%
FHYS Federated Hermes Short Duration High Yield ETF	1.65%	1.36%

Correlation

The correlation between GBHI and FHYS is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.72

Return for Risk

GBHI vs. FHYS — Risk / Return Rank

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

GBHI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FHYS

FHYS Risk / Return Rank: 78
FHYS Sharpe Ratio Rank: 71
FHYS Sortino Ratio Rank: 79
FHYS Omega Ratio Rank: 80
FHYS Calmar Ratio Rank: 72
FHYS Martin Ratio Rank: 87

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.

GBHI vs. FHYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) and Federated Hermes Short Duration High Yield ETF (FHYS). 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.

	GBHI	FHYS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	3.05	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.14	—
Martin ratio: Return relative to average drawdown	—	16.09	—

Drawdowns

GBHI vs. FHYS - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum FHYS drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for GBHI and FHYS.

Drawdown Indicators

	GBHI	FHYS	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-11.62%	+9.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.16%	—
Current Drawdown Current decline from peak	-0.14%	-0.12%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.26%	-2.25%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.32%	—

Volatility

Volatility by Period

	GBHI	FHYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	2.67%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.31%	4.92%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.31%	4.92%	-1.61%

GBHI vs. FHYS - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than FHYS's 0.51% expense ratio.

Dividends

GBHI vs. FHYS - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.84%, less than FHYS's 5.76% yield.

Position	TTM	2025	2024	2023	2022	2021
FHYS Federated Hermes Short Duration High Yield ETF	5.76%	5.96%	6.42%	6.76%	6.25%	0.16%
GBHI Gabelli High Income ETF	1.84%	0.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GBHI and FHYS in my portfolio?

GBHI and FHYS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI or FHYS?

On fees, FHYS is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBHI or FHYS?

FHYS is cheaper with a 0.51% expense ratio, compared with 0.55% for GBHI.

Which ETF pays a higher dividend yield, GBHI or FHYS?

FHYS has the higher dividend yield at 5.76%, compared with 1.84% for GBHI.

What is the main difference between GBHI and FHYS?

They also come from different issuers: Gabelli and Federated. Their fees differ too: 0.55% for GBHI and 0.51% for FHYS.