PRHYX vs. FHYSX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or FHYSX.
Correlation
The correlation between PRHYX and FHYSX is 0.77, 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.
Performance
PRHYX vs. FHYSX - Performance Comparison
Key characteristics
PRHYX:
1.81
FHYSX:
2.08
PRHYX:
2.82
FHYSX:
3.13
PRHYX:
1.41
FHYSX:
1.45
PRHYX:
3.12
FHYSX:
3.22
PRHYX:
10.49
FHYSX:
12.22
PRHYX:
0.61%
FHYSX:
0.57%
PRHYX:
3.53%
FHYSX:
3.34%
PRHYX:
-30.82%
FHYSX:
-21.45%
PRHYX:
-1.34%
FHYSX:
-1.19%
Returns By Period
In the year-to-date period, PRHYX achieves a 5.45% return, which is significantly lower than FHYSX's 6.99% return. Over the past 10 years, PRHYX has underperformed FHYSX with an annualized return of 4.55%, while FHYSX has yielded a comparatively higher 5.05% annualized return.
PRHYX
5.45%
-0.67%
3.64%
6.39%
3.40%
4.55%
FHYSX
6.99%
-0.15%
4.52%
7.36%
3.75%
5.05%
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PRHYX vs. FHYSX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Risk-Adjusted Performance
PRHYX vs. FHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) 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.
Dividends
PRHYX vs. FHYSX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 5.98%, less than FHYSX's 6.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 5.98% | 6.29% | 6.13% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 5.73% | 6.46% | 6.39% | 6.11% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 6.28% | 6.33% | 7.06% | 5.44% | 5.73% | 6.17% | 6.61% | 6.06% | 6.31% | 7.21% | 7.60% | 8.55% |
Drawdowns
PRHYX vs. FHYSX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.82%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for PRHYX and FHYSX. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. FHYSX - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 0.69%, while Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a volatility of 0.91%. This indicates that PRHYX 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.