ISHIX vs. VICSX
ISHIX (Federated Hermes Corporate Bond Fund) and VICSX (Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, ISHIX returned 2.74%/yr vs 2.97%/yr for VICSX. Their correlation of 0.86 suggests significant overlap in exposure. ISHIX charges 0.86%/yr vs 0.07%/yr for VICSX.
Performance
ISHIX vs. VICSX - Performance Comparison
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Returns By Period
In the year-to-date period, ISHIX achieves a 0.16% return, which is significantly lower than VICSX's 0.36% return. Over the past 10 years, ISHIX has underperformed VICSX with an annualized return of 2.74%, while VICSX has yielded a comparatively higher 2.97% annualized return.
ISHIX
- 1D
- 0.24%
- 1M
- 0.80%
- YTD
- 0.16%
- 6M
- 0.60%
- 1Y
- 4.32%
- 3Y*
- 4.58%
- 5Y*
- 0.15%
- 10Y*
- 2.74%
VICSX
- 1D
- 0.23%
- 1M
- 0.68%
- YTD
- 0.36%
- 6M
- 0.58%
- 1Y
- 5.58%
- 3Y*
- 6.29%
- 5Y*
- 1.19%
- 10Y*
- 2.97%
ISHIX vs. VICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHIX Federated Hermes Corporate Bond Fund | 0.16% | 6.94% | 2.06% | 7.72% | -14.64% | -0.07% | 8.83% | 13.86% | -2.94% | 6.63% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 0.36% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
Correlation
The correlation between ISHIX and VICSX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.86 |
Over the past year, the correlation between ISHIX and VICSX has dropped to 0.40 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
ISHIX vs. VICSX — Risk / Return Rank
ISHIX
VICSX
ISHIX vs. VICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Corporate Bond Fund (ISHIX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX). 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.
| ISHIX | VICSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.91 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.40 | 6.04 | -1.64 |
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Drawdowns
ISHIX vs. VICSX - Drawdown Comparison
The maximum ISHIX drawdown since its inception was -21.10%, roughly equal to the maximum VICSX drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for ISHIX and VICSX.
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Drawdown Indicators
| ISHIX | VICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.10% | -20.53% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.98% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -6.02% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.00% | -20.53% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -20.00% | -20.53% | +0.53% |
Current DrawdownCurrent decline from peak | -1.11% | -1.17% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -3.15% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.94% | +0.07% |
Volatility
ISHIX vs. VICSX - Volatility Comparison
The current volatility for Federated Hermes Corporate Bond Fund (ISHIX) is 1.00%, while Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) has a volatility of 1.26%. This indicates that ISHIX experiences smaller price fluctuations and is considered to be less risky than VICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISHIX | VICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.26% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.98% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.89% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 6.17% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 5.34% | -0.18% |
ISHIX vs. VICSX - Expense Ratio Comparison
ISHIX has a 0.86% expense ratio, which is higher than VICSX's 0.07% expense ratio.
Dividends
ISHIX vs. VICSX - Dividend Comparison
ISHIX's dividend yield for the trailing twelve months is around 3.42%, less than VICSX's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHIX Federated Hermes Corporate Bond Fund | 3.42% | 3.34% | 3.26% | 3.45% | 3.63% | 3.16% | 3.15% | 3.62% | 3.72% | 3.92% | 4.12% | 5.59% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.76% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Frequently Asked Questions
ISHIX and VICSX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VICSX has higher volatility (1.26%) compared to ISHIX (1.00%). In terms of maximum drawdown, ISHIX dropped -21.10% vs VICSX's -20.53%.
VICSX currently has the higher Sharpe Ratio (1.46 vs 1.23), 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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