KLCIX vs. FIHBX
Compare and contrast key facts about Federated Hermes Kaufmann Large Cap Fund (KLCIX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX).
KLCIX is managed by Federated. It was launched on Dec 5, 2007. FIHBX is managed by Federated. It was launched on Nov 1, 2002.
Performance
KLCIX vs. FIHBX - Performance Comparison
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KLCIX vs. FIHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLCIX Federated Hermes Kaufmann Large Cap Fund | -8.59% | 18.71% | 90.57% | 33.02% | -30.06% | 13.95% | 28.58% | 38.16% | 0.16% | 23.57% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
Returns By Period
In the year-to-date period, KLCIX achieves a -8.59% return, which is significantly lower than FIHBX's -1.32% return. Over the past 10 years, KLCIX has outperformed FIHBX with an annualized return of 17.81%, while FIHBX has yielded a comparatively lower 5.15% annualized return.
KLCIX
- 1D
- 3.56%
- 1M
- -5.74%
- YTD
- -8.59%
- 6M
- -6.83%
- 1Y
- 18.99%
- 3Y*
- 37.24%
- 5Y*
- 17.20%
- 10Y*
- 17.81%
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
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KLCIX vs. FIHBX - Expense Ratio Comparison
KLCIX has a 0.84% expense ratio, which is higher than FIHBX's 0.50% expense ratio.
Return for Risk
KLCIX vs. FIHBX — Risk / Return Rank
KLCIX
FIHBX
KLCIX vs. FIHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Kaufmann Large Cap Fund (KLCIX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX). 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.
| KLCIX | FIHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.60 | -0.57 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.30 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.50 | -1.45 |
Martin ratioReturn relative to average drawdown | 3.75 | 10.29 | -6.54 |
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
| KLCIX | FIHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.60 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.62 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.90 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.35 | -0.93 |
Correlation
The correlation between KLCIX and FIHBX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KLCIX vs. FIHBX - Dividend Comparison
KLCIX's dividend yield for the trailing twelve months is around 32.38%, more than FIHBX's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLCIX Federated Hermes Kaufmann Large Cap Fund | 32.38% | 29.60% | 72.67% | 29.59% | 26.95% | 14.50% | 3.48% | 4.34% | 11.36% | 1.41% | 0.00% | 0.01% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
Drawdowns
KLCIX vs. FIHBX - Drawdown Comparison
The maximum KLCIX drawdown since its inception was -51.80%, which is greater than FIHBX's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for KLCIX and FIHBX.
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Drawdown Indicators
| KLCIX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.80% | -31.05% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -2.49% | -12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -41.04% | -16.35% | -24.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.04% | -21.67% | -19.37% |
Current DrawdownCurrent decline from peak | -22.40% | -1.78% | -20.62% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -2.31% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 0.60% | +3.67% |
Volatility
KLCIX vs. FIHBX - Volatility Comparison
Federated Hermes Kaufmann Large Cap Fund (KLCIX) has a higher volatility of 6.59% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 1.50%. This indicates that KLCIX's price experiences larger fluctuations and is considered to be riskier than FIHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLCIX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 1.50% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 2.56% | +9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 3.80% | +14.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.24% | 5.15% | +47.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.65% | 5.76% | +33.89% |