MIFIX vs. FCSPX
Compare and contrast key facts about Miller Intermediate Bond Fund (MIFIX) and Federated Hermes Corporate Bond Strategy Port (FCSPX).
MIFIX is managed by Miller Investment. It was launched on Dec 31, 2014. FCSPX is managed by Federated. It was launched on Jun 20, 2006.
Performance
MIFIX vs. FCSPX - Performance Comparison
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MIFIX vs. FCSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | -0.64% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
FCSPX Federated Hermes Corporate Bond Strategy Port | -1.35% | 8.13% | 2.78% | 8.48% | -16.25% | -0.95% | 11.90% | 16.59% | -3.05% | 8.03% |
Returns By Period
In the year-to-date period, MIFIX achieves a -0.64% return, which is significantly higher than FCSPX's -1.35% return. Over the past 10 years, MIFIX has outperformed FCSPX with an annualized return of 4.90%, while FCSPX has yielded a comparatively lower 3.42% annualized return.
MIFIX
- 1D
- -0.06%
- 1M
- -1.99%
- YTD
- -0.64%
- 6M
- 1.05%
- 1Y
- 5.25%
- 3Y*
- 6.36%
- 5Y*
- 2.80%
- 10Y*
- 4.90%
FCSPX
- 1D
- 0.50%
- 1M
- -2.71%
- YTD
- -1.35%
- 6M
- -0.42%
- 1Y
- 4.32%
- 3Y*
- 4.56%
- 5Y*
- 0.69%
- 10Y*
- 3.42%
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MIFIX vs. FCSPX - Expense Ratio Comparison
MIFIX has a 0.99% expense ratio, which is higher than FCSPX's 0.00% expense ratio.
Return for Risk
MIFIX vs. FCSPX — Risk / Return Rank
MIFIX
FCSPX
MIFIX vs. FCSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Intermediate Bond Fund (MIFIX) and Federated Hermes Corporate Bond Strategy Port (FCSPX). 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.
| MIFIX | FCSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 1.08 | +0.52 |
Sortino ratioReturn per unit of downside risk | 2.36 | 1.52 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.68 | +0.16 |
Martin ratioReturn relative to average drawdown | 6.91 | 5.54 | +1.37 |
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
| MIFIX | FCSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.08 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.10 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.55 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.57 | +0.34 |
Correlation
The correlation between MIFIX and FCSPX is 0.14, 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
MIFIX vs. FCSPX - Dividend Comparison
MIFIX's dividend yield for the trailing twelve months is around 4.20%, less than FCSPX's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.20% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
FCSPX Federated Hermes Corporate Bond Strategy Port | 4.38% | 4.59% | 3.95% | 3.35% | 3.28% | 3.36% | 3.51% | 3.95% | 4.88% | 4.09% | 4.30% | 4.59% |
Drawdowns
MIFIX vs. FCSPX - Drawdown Comparison
The maximum MIFIX drawdown since its inception was -15.58%, smaller than the maximum FCSPX drawdown of -22.68%. Use the drawdown chart below to compare losses from any high point for MIFIX and FCSPX.
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Drawdown Indicators
| MIFIX | FCSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -22.68% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.19% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -11.87% | -22.68% | +10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -22.68% | +7.10% |
Current DrawdownCurrent decline from peak | -2.68% | -2.71% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.17% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.97% | -0.26% |
Volatility
MIFIX vs. FCSPX - Volatility Comparison
The current volatility for Miller Intermediate Bond Fund (MIFIX) is 0.76%, while Federated Hermes Corporate Bond Strategy Port (FCSPX) has a volatility of 1.77%. This indicates that MIFIX experiences smaller price fluctuations and is considered to be less risky than FCSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIFIX | FCSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.77% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 3.01% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 5.10% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 6.78% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 6.21% | -0.81% |