TORYX vs. LEIFX
TORYX (Torray Equity Income Fund) and LEIFX (Federated Hermes Equity Income Fund) are both mutual funds - TORYX is a Large Cap Value Equities fund managed by Torray, while LEIFX is a Dividend fund managed by Federated. Over the past 10 years, TORYX returned 9.93%/yr vs 8.20%/yr for LEIFX. Their correlation of 0.85 means they have usually moved in the same direction. TORYX charges 1.07%/yr vs 1.11%/yr for LEIFX.
Performance
TORYX vs. LEIFX - Performance Comparison
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Returns By Period
In the year-to-date period, TORYX achieves a 16.89% return, which is significantly higher than LEIFX's 11.02% return. Over the past 10 years, TORYX has outperformed LEIFX with an annualized return of 9.93%, while LEIFX has yielded a comparatively lower 8.20% annualized return.
TORYX
- 1D
- 0.29%
- 1M
- 5.22%
- 6M
- 14.45%
- YTD
- 16.89%
- 1Y
- 25.80%
- 3Y*
- 16.60%
- 5Y*
- 12.03%
- 10Y*
- 9.93%
- ALL TIME*
- 9.36%
LEIFX
- 1D
- -0.31%
- 1M
- 0.73%
- 6M
- 6.54%
- YTD
- 11.02%
- 1Y
- 17.64%
- 3Y*
- 9.29%
- 5Y*
- 6.05%
- 10Y*
- 8.20%
- ALL TIME*
- 7.23%
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 |
TORYX vs. LEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TORYX Torray Equity Income Fund | 16.89% | 14.89% | 13.77% | 12.57% | -0.69% | 21.40% | -2.45% | 19.89% | -10.59% | 12.07% |
LEIFX Federated Hermes Equity Income Fund | 11.02% | 15.18% | -0.45% | 8.82% | -7.96% | 21.12% | 6.43% | 21.27% | -12.13% | 16.06% |
Correlation
The correlation between TORYX and LEIFX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1990 | 0.85 |
Over the past year, the correlation between TORYX and LEIFX has dropped to 0.27 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
TORYX vs. LEIFX — Risk / Return Rank
TORYX
LEIFX
TORYX vs. LEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Torray Equity Income Fund (TORYX) and Federated Hermes Equity Income Fund (LEIFX). 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.
| TORYX | LEIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 2.81 | +2.74 |
| Martin ratioReturn relative to average drawdown | 15.44 | 8.63 | +6.82 |
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Drawdowns
TORYX vs. LEIFX - Drawdown Comparison
The maximum TORYX drawdown since its inception was -56.55%, which is greater than LEIFX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for TORYX and LEIFX.
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Drawdown Indicators
| TORYX | LEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.55% | -49.19% | -7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -6.01% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -25.60% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -25.60% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -36.86% | -1.45% |
Current DrawdownCurrent decline from peak | -0.17% | -1.68% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -10.00% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.96% | -0.34% |
Volatility
TORYX vs. LEIFX - Volatility Comparison
The current volatility for Torray Equity Income Fund (TORYX) is 2.39%, while Federated Hermes Equity Income Fund (LEIFX) has a volatility of 3.80%. This indicates that TORYX experiences smaller price fluctuations and is considered to be less risky than LEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TORYX | LEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 3.80% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 7.88% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.85% | 10.12% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 15.04% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 17.36% | +0.19% |
TORYX vs. LEIFX - Expense Ratio Comparison
TORYX has a 1.07% expense ratio, which is lower than LEIFX's 1.11% expense ratio.
Dividends
TORYX vs. LEIFX - Dividend Comparison
TORYX's dividend yield for the trailing twelve months is around 28.54%, more than LEIFX's 23.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEIFX Federated Hermes Equity Income Fund | 23.08% | 24.92% | 0.82% | 1.08% | 7.54% | 16.37% | 1.17% | 2.01% | 19.47% | 5.34% | 3.98% | 3.15% |
TORYX Torray Equity Income Fund | 28.54% | 32.38% | 7.32% | 6.47% | 10.55% | 10.80% | 3.22% | 2.66% | 2.21% | 7.34% | 8.93% | 4.30% |
Frequently Asked Questions
TORYX and LEIFX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEIFX has higher volatility (3.80%) compared to TORYX (2.39%). In terms of maximum drawdown, TORYX dropped -56.55% vs LEIFX's -49.19%.
TORYX currently has the higher Sharpe Ratio (2.33 vs 1.67), 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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