MIFIX vs. ISHIX
MIFIX (Miller Intermediate Bond Fund) and ISHIX (Federated Hermes Corporate Bond Fund) are both Corporate Bonds funds. Over the past 10 years, MIFIX returned 5.13%/yr vs 2.74%/yr for ISHIX. At a 0.20 correlation, their price movements are largely independent. MIFIX charges 0.99%/yr vs 0.86%/yr for ISHIX.
Performance
MIFIX vs. ISHIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIFIX achieves a 4.56% return, which is significantly higher than ISHIX's 0.16% return. Over the past 10 years, MIFIX has outperformed ISHIX with an annualized return of 5.13%, while ISHIX has yielded a comparatively lower 2.74% annualized return.
MIFIX
- 1D
- -0.06%
- 1M
- 0.59%
- YTD
- 4.56%
- 6M
- 4.37%
- 1Y
- 9.75%
- 3Y*
- 7.64%
- 5Y*
- 3.89%
- 10Y*
- 5.13%
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%
MIFIX vs. ISHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.56% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
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% |
Correlation
The correlation between MIFIX and ISHIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.20 |
The correlation between MIFIX and ISHIX shifts across timeframes, from 0.18 (10 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIFIX vs. ISHIX — Risk / Return Rank
MIFIX
ISHIX
MIFIX vs. ISHIX - 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 Fund (ISHIX). 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.
| MIFIX | ISHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.25 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.43 | +2.25 |
| Martin ratioReturn relative to average drawdown | 14.59 | 4.40 | +10.19 |
Loading charts...
Drawdowns
MIFIX vs. ISHIX - Drawdown Comparison
The maximum MIFIX drawdown since its inception was -15.58%, smaller than the maximum ISHIX drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for MIFIX and ISHIX.
Loading charts...
Drawdown Indicators
| MIFIX | ISHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -21.10% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.12% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.39% | -5.32% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.87% | -20.00% | +8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -20.00% | +4.42% |
Current DrawdownCurrent decline from peak | -0.79% | -1.11% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.67% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.01% | -0.34% |
Volatility
MIFIX vs. ISHIX - Volatility Comparison
Miller Intermediate Bond Fund (MIFIX) has a higher volatility of 1.12% compared to Federated Hermes Corporate Bond Fund (ISHIX) at 1.00%. This indicates that MIFIX's price experiences larger fluctuations and is considered to be riskier than ISHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIFIX | ISHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.00% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.68% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.64% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 5.77% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.16% | +0.26% |
MIFIX vs. ISHIX - Expense Ratio Comparison
MIFIX has a 0.99% expense ratio, which is higher than ISHIX's 0.86% expense ratio.
Dividends
MIFIX vs. ISHIX - Dividend Comparison
MIFIX's dividend yield for the trailing twelve months is around 4.41%, more than ISHIX's 3.42% 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% |
MIFIX Miller Intermediate Bond Fund | 4.41% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
Frequently Asked Questions
MIFIX and ISHIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIFIX has higher volatility (1.12%) compared to ISHIX (1.00%). In terms of maximum drawdown, MIFIX dropped -15.58% vs ISHIX's -21.10%.
MIFIX currently has the higher Sharpe Ratio (3.21 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.
Find the right allocation for MIFIX and ISHIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer