IHIAX vs. DLENX
Compare and contrast key facts about Federated Hermes Emerging Market Debt Fund (IHIAX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX).
IHIAX is managed by Federated. It was launched on Oct 1, 1996. DLENX is an actively managed fund by DoubleLine. It was launched on Apr 6, 2010.
Performance
IHIAX vs. DLENX - Performance Comparison
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IHIAX vs. DLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHIAX Federated Hermes Emerging Market Debt Fund | -2.34% | 17.06% | 6.06% | 14.41% | -16.21% | -3.26% | 5.79% | 12.89% | -5.18% | 10.36% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | -1.36% | 8.11% | 7.92% | 9.36% | -15.50% | 1.71% | 4.66% | 11.71% | -3.54% | 8.31% |
Returns By Period
In the year-to-date period, IHIAX achieves a -2.34% return, which is significantly lower than DLENX's -1.36% return. Both investments have delivered pretty close results over the past 10 years, with IHIAX having a 3.65% annualized return and DLENX not far ahead at 3.75%.
IHIAX
- 1D
- 0.69%
- 1M
- -3.86%
- YTD
- -2.34%
- 6M
- 1.02%
- 1Y
- 11.65%
- 3Y*
- 10.87%
- 5Y*
- 3.18%
- 10Y*
- 3.65%
DLENX
- 1D
- -0.33%
- 1M
- -1.87%
- YTD
- -1.36%
- 6M
- -1.25%
- 1Y
- 3.77%
- 3Y*
- 7.42%
- 5Y*
- 1.50%
- 10Y*
- 3.75%
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IHIAX vs. DLENX - Expense Ratio Comparison
Both IHIAX and DLENX have an expense ratio of 1.18%.
Return for Risk
IHIAX vs. DLENX — Risk / Return Rank
IHIAX
DLENX
IHIAX vs. DLENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Emerging Market Debt Fund (IHIAX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX). 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.
| IHIAX | DLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.54 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.91 | 1.94 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.40 | +0.80 |
Martin ratioReturn relative to average drawdown | 9.95 | 5.96 | +3.99 |
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
| IHIAX | DLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.54 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.33 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.81 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.92 | 0.00 |
Correlation
The correlation between IHIAX and DLENX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IHIAX vs. DLENX - Dividend Comparison
IHIAX's dividend yield for the trailing twelve months is around 0.81%, less than DLENX's 4.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHIAX Federated Hermes Emerging Market Debt Fund | 0.81% | 0.28% | 2.60% | 2.92% | 5.36% | 1.91% | 3.48% | 1.85% | 3.99% | 3.78% | 3.13% | 3.91% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | 4.90% | 5.33% | 5.71% | 5.29% | 4.49% | 3.74% | 4.11% | 4.49% | 3.57% | 4.07% | 4.29% | 4.94% |
Drawdowns
IHIAX vs. DLENX - Drawdown Comparison
The maximum IHIAX drawdown since its inception was -36.42%, which is greater than DLENX's maximum drawdown of -25.64%. Use the drawdown chart below to compare losses from any high point for IHIAX and DLENX.
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Drawdown Indicators
| IHIAX | DLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -25.64% | -10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -2.77% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.24% | -25.64% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -27.24% | -25.64% | -1.60% |
Current DrawdownCurrent decline from peak | -5.11% | -2.16% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.65% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.65% | +0.63% |
Volatility
IHIAX vs. DLENX - Volatility Comparison
Federated Hermes Emerging Market Debt Fund (IHIAX) has a higher volatility of 2.68% compared to DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) at 0.67%. This indicates that IHIAX's price experiences larger fluctuations and is considered to be riskier than DLENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHIAX | DLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 0.67% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 1.39% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 2.61% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 4.57% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 4.66% | +1.83% |