MZHSX vs. FHYSX
Compare and contrast key facts about Muzinich U.S. High Yield Credit Fund (MZHSX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
MZHSX is managed by Muzinich. It was launched on Mar 31, 2016. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
MZHSX vs. FHYSX - Performance Comparison
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MZHSX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MZHSX Muzinich U.S. High Yield Credit Fund | -1.16% | 8.27% | 7.65% | 9.99% | -11.62% | 4.43% | 6.82% | 13.71% | -2.58% | 6.00% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.18% |
Returns By Period
In the year-to-date period, MZHSX achieves a -1.16% return, which is significantly higher than FHYSX's -1.26% return.
MZHSX
- 1D
- -0.13%
- 1M
- -1.62%
- YTD
- -1.16%
- 6M
- 0.55%
- 1Y
- 5.96%
- 3Y*
- 7.16%
- 5Y*
- 2.97%
- 10Y*
- —
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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MZHSX vs. FHYSX - Expense Ratio Comparison
MZHSX has a 0.58% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
MZHSX vs. FHYSX — Risk / Return Rank
MZHSX
FHYSX
MZHSX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muzinich U.S. High Yield Credit Fund (MZHSX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| MZHSX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.71 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.43 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.73 | -0.75 |
Martin ratioReturn relative to average drawdown | 9.82 | 11.03 | -1.21 |
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
| MZHSX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.71 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.62 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.86 | +0.01 |
Correlation
The correlation between MZHSX and FHYSX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MZHSX vs. FHYSX - Dividend Comparison
MZHSX's dividend yield for the trailing twelve months is around 5.89%, more than FHYSX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MZHSX Muzinich U.S. High Yield Credit Fund | 5.89% | 6.53% | 7.00% | 6.45% | 5.77% | 13.18% | 5.03% | 5.16% | 5.45% | 12.68% | 0.00% | 0.00% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
MZHSX vs. FHYSX - Drawdown Comparison
The maximum MZHSX drawdown since its inception was -19.40%, smaller than the maximum FHYSX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for MZHSX and FHYSX.
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Drawdown Indicators
| MZHSX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.40% | -21.45% | +2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.50% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -16.93% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.90% | -1.77% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.61% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.62% | -0.01% |
Volatility
MZHSX vs. FHYSX - Volatility Comparison
The current volatility for Muzinich U.S. High Yield Credit Fund (MZHSX) is 1.22%, while Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a volatility of 1.38%. This indicates that MZHSX experiences smaller price fluctuations and is considered to be less risky than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MZHSX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.38% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 2.43% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 3.79% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 5.20% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.77% | -0.86% |