GVI vs. FCSH
Compare and contrast key facts about iShares Intermediate Government/Credit Bond ETF (GVI) and Federated Hermes Short Duration Corporate ETF (FCSH).
GVI and FCSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GVI is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Intermediate Government/Credit Bond. It was launched on Jan 5, 2007. FCSH is an actively managed fund by Federated. It was launched on Dec 16, 2021.
Performance
GVI vs. FCSH - Performance Comparison
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GVI vs. FCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GVI iShares Intermediate Government/Credit Bond ETF | -0.03% | 6.66% | 2.92% | 5.15% | -8.28% | -0.37% |
FCSH Federated Hermes Short Duration Corporate ETF | 0.43% | 6.42% | 4.66% | 5.45% | -5.87% | 0.24% |
Returns By Period
In the year-to-date period, GVI achieves a -0.03% return, which is significantly lower than FCSH's 0.43% return.
GVI
- 1D
- 0.17%
- 1M
- -1.20%
- YTD
- -0.03%
- 6M
- 1.07%
- 1Y
- 4.24%
- 3Y*
- 4.05%
- 5Y*
- 1.12%
- 10Y*
- 1.85%
FCSH
- 1D
- 0.17%
- 1M
- -0.71%
- YTD
- 0.43%
- 6M
- 1.60%
- 1Y
- 4.90%
- 3Y*
- 5.00%
- 5Y*
- —
- 10Y*
- —
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GVI vs. FCSH - Expense Ratio Comparison
GVI has a 0.20% expense ratio, which is lower than FCSH's 0.30% expense ratio.
Return for Risk
GVI vs. FCSH — Risk / Return Rank
GVI
FCSH
GVI vs. FCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate Government/Credit Bond ETF (GVI) and Federated Hermes Short Duration Corporate ETF (FCSH). 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.
| GVI | FCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.24 | -0.69 |
Sortino ratioReturn per unit of downside risk | 2.35 | 3.42 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.99 | -1.56 |
Martin ratioReturn relative to average drawdown | 8.93 | 15.82 | -6.89 |
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
| GVI | FCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.24 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.87 | -0.10 |
Correlation
The correlation between GVI and FCSH is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GVI vs. FCSH - Dividend Comparison
GVI's dividend yield for the trailing twelve months is around 3.54%, less than FCSH's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVI iShares Intermediate Government/Credit Bond ETF | 3.54% | 3.48% | 3.40% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% |
FCSH Federated Hermes Short Duration Corporate ETF | 4.11% | 4.14% | 4.44% | 2.31% | 1.76% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GVI vs. FCSH - Drawdown Comparison
The maximum GVI drawdown since its inception was -12.93%, which is greater than FCSH's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for GVI and FCSH.
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Drawdown Indicators
| GVI | FCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.93% | -8.47% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -1.24% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.93% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.71% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -2.28% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.31% | +0.18% |
Volatility
GVI vs. FCSH - Volatility Comparison
iShares Intermediate Government/Credit Bond ETF (GVI) has a higher volatility of 1.09% compared to Federated Hermes Short Duration Corporate ETF (FCSH) at 1.02%. This indicates that GVI's price experiences larger fluctuations and is considered to be riskier than FCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVI | FCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.02% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 1.38% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 2.19% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 2.92% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 2.92% | +0.60% |