QIBGX vs. FIHBX
QIBGX (Federated Hermes MDT Balanced Fund) and FIHBX (Federated Hermes Institutional High Yield Bond Fund) are both mutual funds - QIBGX is a Diversified Portfolio fund managed by Federated, while FIHBX is a High Yield Bonds fund managed by Federated. Over the past 10 years, QIBGX returned 10.95%/yr vs 4.68%/yr for FIHBX. Their 0.38 correlation means their historical movements had little consistent relationship. QIBGX charges 1.06%/yr vs 0.50%/yr for FIHBX.
Performance
QIBGX vs. FIHBX - Performance Comparison
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Returns By Period
In the year-to-date period, QIBGX achieves a 5.62% return, which is significantly higher than FIHBX's 0.85% return. Over the past 10 years, QIBGX has outperformed FIHBX with an annualized return of 10.95%, while FIHBX has yielded a comparatively lower 4.68% annualized return.
QIBGX
- 1D
- 1.02%
- 1M
- 0.17%
- 6M
- 5.01%
- YTD
- 5.62%
- 1Y
- 11.73%
- 3Y*
- 17.53%
- 5Y*
- 10.03%
- 10Y*
- 10.95%
- ALL TIME*
- 8.55%
FIHBX
- 1D
- 0.23%
- 1M
- -0.67%
- 6M
- 0.64%
- YTD
- 0.85%
- 1Y
- 4.14%
- 3Y*
- 7.26%
- 5Y*
- 3.11%
- 10Y*
- 4.68%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QIBGX vs. FIHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QIBGX Federated Hermes MDT Balanced Fund | 5.62% | 14.68% | 28.30% | 14.26% | -13.54% | 17.43% | 16.17% | 19.00% | -2.96% | 14.12% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 0.85% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
Correlation
The correlation between QIBGX and FIHBX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.38 |
Over the past year, QIBGX and FIHBX have become more correlated (0.65) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
QIBGX vs. FIHBX — Risk / Return Rank
QIBGX
FIHBX
QIBGX vs. FIHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Balanced Fund (QIBGX) 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.
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.
| QIBGX | FIHBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.85 | -0.84 |
| Martin ratioReturn relative to average drawdown | 2.59 | 9.24 | -6.65 |
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Drawdowns
QIBGX vs. FIHBX - Drawdown Comparison
The maximum QIBGX drawdown since its inception was -42.95%, which is greater than FIHBX's maximum drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for QIBGX and FIHBX.
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Drawdown Indicators
| QIBGX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -31.05% | -11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -2.45% | -8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -3.60% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -16.35% | -2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -25.97% | -21.67% | -4.30% |
Current DrawdownCurrent decline from peak | -1.34% | -0.79% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -2.28% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 0.49% | +3.82% |
Volatility
QIBGX vs. FIHBX - Volatility Comparison
Federated Hermes MDT Balanced Fund (QIBGX) has a higher volatility of 2.30% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 0.64%. This indicates that QIBGX'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
| QIBGX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 0.64% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 2.70% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 3.42% | +10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 5.19% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 5.71% | +8.50% |
QIBGX vs. FIHBX - Expense Ratio Comparison
QIBGX has a 1.06% expense ratio, which is higher than FIHBX's 0.50% expense ratio.
Dividends
QIBGX vs. FIHBX - Dividend Comparison
QIBGX's dividend yield for the trailing twelve months is around 8.39%, more than FIHBX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.04% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
QIBGX Federated Hermes MDT Balanced Fund | 8.39% | 8.86% | 20.13% | 1.82% | 6.92% | 9.99% | 4.36% | 4.33% | 10.60% | 1.59% | 1.86% | 1.75% |
Frequently Asked Questions
QIBGX and FIHBX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIBGX has higher volatility (2.30%) compared to FIHBX (0.64%). In terms of maximum drawdown, QIBGX dropped -42.95% vs FIHBX's -31.05%.
FIHBX currently has the higher Sharpe Ratio (1.33 vs 0.80), 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.
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