RTHAX vs. FHTFX
RTHAX (Russell Investments Tax-Exempt High Yield Bond Fund) and FHTFX (Federated Hermes Municipal High Yield Advtg Fd) are both High Yield Muni funds. Over the past 10 years, RTHAX returned 2.62%/yr vs 2.24%/yr for FHTFX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.89% expense ratio.
Performance
RTHAX vs. FHTFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RTHAX achieves a 1.73% return, which is significantly higher than FHTFX's 1.23% return. Over the past 10 years, RTHAX has outperformed FHTFX with an annualized return of 2.62%, while FHTFX has yielded a comparatively lower 2.24% annualized return.
RTHAX
- 1D
- 0.00%
- 1M
- -1.74%
- 6M
- 0.84%
- YTD
- 1.73%
- 1Y
- 6.16%
- 3Y*
- 4.28%
- 5Y*
- 0.14%
- 10Y*
- 2.62%
- ALL TIME*
- 3.13%
FHTFX
- 1D
- 0.00%
- 1M
- -1.76%
- 6M
- 0.38%
- YTD
- 1.23%
- 1Y
- 6.70%
- 3Y*
- 4.48%
- 5Y*
- 0.23%
- 10Y*
- 2.24%
- ALL TIME*
- 3.95%
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 |
RTHAX vs. FHTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 1.73% | 2.11% | 4.49% | 7.78% | -13.62% | 5.54% | 3.84% | 10.18% | 3.20% | 8.19% |
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 1.23% | 2.09% | 5.67% | 6.91% | -13.36% | 5.47% | 2.91% | 9.76% | 0.76% | 7.48% |
Correlation
The correlation between RTHAX and FHTFX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.78 |
The correlation between RTHAX and FHTFX shifts across timeframes, from 0.64 (1 year) to 0.84 (5 years), 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
RTHAX vs. FHTFX — Risk / Return Rank
RTHAX
FHTFX
RTHAX vs. FHTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and Federated Hermes Municipal High Yield Advtg Fd (FHTFX). 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.
| RTHAX | FHTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.63 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 3.55 | -1.28 |
| Martin ratioReturn relative to average drawdown | 8.77 | 13.13 | -4.36 |
Loading charts...
Drawdowns
RTHAX vs. FHTFX - Drawdown Comparison
The maximum RTHAX drawdown since its inception was -18.89%, smaller than the maximum FHTFX drawdown of -27.61%. Use the drawdown chart below to compare losses from any high point for RTHAX and FHTFX.
Loading charts...
Drawdown Indicators
| RTHAX | FHTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -27.61% | +8.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.46% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.07% | -7.25% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -17.76% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -18.89% | -17.77% | -1.12% |
Current DrawdownCurrent decline from peak | -1.74% | -1.76% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -2.65% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.71% | 0.00% |
Volatility
RTHAX vs. FHTFX - Volatility Comparison
Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) has a higher volatility of 1.03% compared to Federated Hermes Municipal High Yield Advtg Fd (FHTFX) at 0.96%. This indicates that RTHAX's price experiences larger fluctuations and is considered to be riskier than FHTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RTHAX | FHTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.96% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.27% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 3.30% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 5.17% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.86% | +0.13% |
RTHAX vs. FHTFX - Expense Ratio Comparison
Both RTHAX and FHTFX have an expense ratio of 0.89%.
Dividends
RTHAX vs. FHTFX - Dividend Comparison
RTHAX's dividend yield for the trailing twelve months is around 3.90%, more than FHTFX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 3.44% | 3.02% | 4.53% | 3.81% | 3.65% | 3.14% | 3.52% | 3.88% | 3.85% | 3.88% | 4.11% | 4.02% |
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 3.90% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% | 0.00% |
Frequently Asked Questions
RTHAX and FHTFX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RTHAX has higher volatility (1.03%) compared to FHTFX (0.96%). In terms of maximum drawdown, RTHAX dropped -18.89% vs FHTFX's -27.61%.
FHTFX currently has the higher Sharpe Ratio (2.65 vs 2.22), 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 RTHAX and FHTFX
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