RFAYX vs. FMBPX
Compare and contrast key facts about Russell Investments Investment Grade Bond Fund (RFAYX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX).
RFAYX is managed by Russell. It was launched on Mar 29, 2000. FMBPX is managed by Federated. It was launched on Dec 20, 2007.
Performance
RFAYX vs. FMBPX - Performance Comparison
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RFAYX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | -0.40% | 7.47% | 1.57% | 4.85% | -14.80% | -1.09% | 9.10% | 9.03% | -0.56% | 3.57% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.18% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Returns By Period
In the year-to-date period, RFAYX achieves a -0.40% return, which is significantly lower than FMBPX's -0.18% return. Over the past 10 years, RFAYX has outperformed FMBPX with an annualized return of 1.62%, while FMBPX has yielded a comparatively lower 1.45% annualized return.
RFAYX
- 1D
- 0.44%
- 1M
- -2.12%
- YTD
- -0.40%
- 6M
- 0.60%
- 1Y
- 4.09%
- 3Y*
- 3.35%
- 5Y*
- -0.15%
- 10Y*
- 1.62%
FMBPX
- 1D
- 0.59%
- 1M
- -2.19%
- YTD
- -0.18%
- 6M
- 1.51%
- 1Y
- 5.46%
- 3Y*
- 3.90%
- 5Y*
- 0.19%
- 10Y*
- 1.45%
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RFAYX vs. FMBPX - Expense Ratio Comparison
RFAYX has a 0.32% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Return for Risk
RFAYX vs. FMBPX — Risk / Return Rank
RFAYX
FMBPX
RFAYX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| RFAYX | FMBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.25 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.87 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.11 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.27 | 5.85 | -0.58 |
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
| RFAYX | FMBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.25 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.03 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.29 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.25 | +0.50 |
Correlation
The correlation between RFAYX and FMBPX is 0.76, 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
RFAYX vs. FMBPX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 5.35%, more than FMBPX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 5.35% | 5.19% | 4.74% | 3.71% | 1.25% | 2.50% | 5.27% | 3.46% | 2.67% | 1.57% | 5.45% | 4.09% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.60% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Drawdowns
RFAYX vs. FMBPX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.61%, which is greater than FMBPX's maximum drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for RFAYX and FMBPX.
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Drawdown Indicators
| RFAYX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -18.34% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.15% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.61% | -18.02% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -18.34% | -1.27% |
Current DrawdownCurrent decline from peak | -4.74% | -2.19% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -3.29% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.13% | -0.20% |
Volatility
RFAYX vs. FMBPX - Volatility Comparison
The current volatility for Russell Investments Investment Grade Bond Fund (RFAYX) is 1.43%, while Federated Hermes Mortgage Strategy Portfolio (FMBPX) has a volatility of 1.53%. This indicates that RFAYX experiences smaller price fluctuations and is considered to be less risky than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFAYX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.53% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 3.02% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 5.44% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 6.72% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.08% | -0.19% |