TNHIX vs. FHYSX
Compare and contrast key facts about 1290 High Yield Bond Fund (TNHIX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
TNHIX vs. FHYSX - Performance Comparison
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TNHIX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | -1.42% | 8.03% | 8.13% | 11.51% | -9.91% | 4.08% | 7.06% | 12.74% | -2.00% | 5.50% |
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
In the year-to-date period, TNHIX achieves a -1.42% return, which is significantly higher than FHYSX's -1.76% return. Over the past 10 years, TNHIX has underperformed FHYSX with an annualized return of 4.90%, while FHYSX has yielded a comparatively higher 5.39% annualized return.
TNHIX
- 1D
- 0.24%
- 1M
- -1.52%
- YTD
- -1.42%
- 6M
- -0.12%
- 1Y
- 5.91%
- 3Y*
- 7.53%
- 5Y*
- 3.62%
- 10Y*
- 4.90%
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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TNHIX vs. FHYSX - Expense Ratio Comparison
TNHIX has a 1.18% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
TNHIX vs. FHYSX — Risk / Return Rank
TNHIX
FHYSX
TNHIX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) 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.
| TNHIX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.67 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.42 | 2.37 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.36 | -0.50 |
Martin ratioReturn relative to average drawdown | 9.02 | 9.71 | -0.69 |
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
| TNHIX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.67 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.60 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.94 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.85 | -0.20 |
Correlation
The correlation between TNHIX and FHYSX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TNHIX vs. FHYSX - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 5.87%, which matches FHYSX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | 5.87% | 6.29% | 6.37% | 5.43% | 5.44% | 4.76% | 5.16% | 5.51% | 5.84% | 3.62% | 0.01% | 0.00% |
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
TNHIX vs. FHYSX - Drawdown Comparison
The maximum TNHIX drawdown since its inception was -18.62%, smaller than the maximum FHYSX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for TNHIX and FHYSX.
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Drawdown Indicators
| TNHIX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -21.45% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.50% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | -16.93% | +3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | -21.45% | +4.45% |
Current DrawdownCurrent decline from peak | -1.88% | -2.27% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.61% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.61% | 0.00% |
Volatility
TNHIX vs. FHYSX - Volatility Comparison
1290 High Yield Bond Fund (TNHIX) has a higher volatility of 1.34% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.24%. This indicates that TNHIX'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
| TNHIX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.24% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.37% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 3.76% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 5.20% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 5.76% | -1.18% |