SHYAX vs. FHYSX
Compare and contrast key facts about SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
SHYAX is managed by BlackRock. It was launched on Jan 11, 1995. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
SHYAX vs. FHYSX - Performance Comparison
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SHYAX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | -1.84% | 7.59% | 7.60% | 10.70% | -13.31% | 9.07% | 5.36% | 13.32% | -2.55% | 7.67% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
The year-to-date returns for both investments are quite close, with SHYAX having a -1.84% return and FHYSX slightly higher at -1.76%. Both investments have delivered pretty close results over the past 10 years, with SHYAX having a 5.54% annualized return and FHYSX not far behind at 5.39%.
SHYAX
- 1D
- 0.19%
- 1M
- -2.47%
- YTD
- -1.84%
- 6M
- -0.82%
- 1Y
- 4.87%
- 3Y*
- 6.85%
- 5Y*
- 2.92%
- 10Y*
- 5.54%
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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SHYAX vs. FHYSX - Expense Ratio Comparison
SHYAX has a 0.89% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
SHYAX vs. FHYSX — Risk / Return Rank
SHYAX
FHYSX
SHYAX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) 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.
| SHYAX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.67 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.37 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.36 | -0.87 |
Martin ratioReturn relative to average drawdown | 5.70 | 9.71 | -4.01 |
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
| SHYAX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.67 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.94 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.85 | +0.39 |
Correlation
The correlation between SHYAX 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.
Dividends
SHYAX vs. FHYSX - Dividend Comparison
SHYAX's dividend yield for the trailing twelve months is around 8.10%, more than FHYSX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | 8.10% | 8.69% | 7.48% | 10.58% | 12.96% | 5.19% | 7.50% | 6.05% | 7.51% | 6.90% | 7.06% | 7.34% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
SHYAX vs. FHYSX - Drawdown Comparison
The maximum SHYAX drawdown since its inception was -38.15%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for SHYAX and FHYSX.
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Drawdown Indicators
| SHYAX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -21.45% | -16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.50% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -16.93% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -21.45% | -0.67% |
Current DrawdownCurrent decline from peak | -2.65% | -2.27% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -2.61% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.61% | +0.23% |
Volatility
SHYAX vs. FHYSX - Volatility Comparison
SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) has a higher volatility of 1.35% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.24%. This indicates that SHYAX's price experiences larger fluctuations and is considered to be riskier 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
| SHYAX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.24% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 2.37% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.76% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 5.20% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 5.76% | -0.42% |