VSLCX vs. FFRSX

Last updated Jun 4, 2026

VSLCX (Invesco Senior Loan Fund Class C) and FFRSX (Federated Hermes Floating Rate Strat Inc Fund) are both Bank Loan funds. Over the past 10 years, VSLCX returned 4.06%/yr vs 3.38%/yr for FFRSX. A 0.56 correlation means they provide meaningful diversification when combined. VSLCX charges 2.45%/yr vs 0.68%/yr for FFRSX.

Performance

VSLCX vs. FFRSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Senior Loan Fund Class C (VSLCX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSLCX achieves a -1.20% return, which is significantly lower than FFRSX's 1.02% return. Over the past 10 years, VSLCX has outperformed FFRSX with an annualized return of 4.06%, while FFRSX has yielded a comparatively lower 3.38% annualized return.

VSLCX

• 1D: 0.00%
• 1M: 0.38%
• YTD: -1.20%
• 6M: -0.80%
• 1Y: 0.79%
• 3Y*: 4.93%
• 5Y*: 3.37%
• 10Y*: 4.06%

FFRSX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.02%
• 6M: 1.72%
• 1Y: 4.70%
• 3Y*: 6.46%
• 5Y*: 3.33%
• 10Y*: 3.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSLCX vs. FFRSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSLCX Invesco Senior Loan Fund Class C	-1.20%	3.98%	6.05%	9.82%	-3.89%	7.39%	0.29%	6.81%	-1.16%	4.59%
FFRSX Federated Hermes Floating Rate Strat Inc Fund	1.02%	5.61%	6.71%	8.04%	-5.85%	3.73%	0.45%	6.71%	0.38%	3.54%

Correlation

The correlation between VSLCX and FFRSX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 7, 2010	0.56

Over the past year, the correlation between VSLCX and FFRSX has dropped to 0.33 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

VSLCX vs. FFRSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSLCX

VSLCX Risk / Return Rank: 4
VSLCX Sharpe Ratio Rank: 4
VSLCX Sortino Ratio Rank: 5
VSLCX Omega Ratio Rank: 5
VSLCX Calmar Ratio Rank: 4
VSLCX Martin Ratio Rank: 4

FFRSX

FFRSX Risk / Return Rank: 84
FFRSX Sharpe Ratio Rank: 59
FFRSX Sortino Ratio Rank: 95
FFRSX Omega Ratio Rank: 97
FFRSX Calmar Ratio Rank: 88
FFRSX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSLCX vs. FFRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan Fund Class C (VSLCX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). 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.

	VSLCX	FFRSX	Difference
Sharpe ratio Return per unit of total volatility	0.29	2.26	-1.97
Sortino ratio Return per unit of downside risk	0.56	5.13	-4.57
Omega ratio Gain probability vs. loss probability	1.08	1.96	-0.88
Calmar ratio Return relative to maximum drawdown	0.25	4.41	-4.15
Martin ratio Return relative to average drawdown	0.51	15.38	-14.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSLCX vs. FFRSX - Sharpe Ratio Comparison

The current VSLCX Sharpe Ratio is 0.29, which is lower than the FFRSX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VSLCX and FFRSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VSLCX	FFRSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	2.26	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.37	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	1.04	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.22	-0.50

Drawdowns

VSLCX vs. FFRSX - Drawdown Comparison

The maximum VSLCX drawdown since its inception was -48.59%, which is greater than FFRSX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for VSLCX and FFRSX.

Drawdown Indicators

	VSLCX	FFRSX	Difference
Max Drawdown Largest peak-to-trough decline	-48.59%	-17.13%	-31.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-1.07%	-2.38%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-1.45%	-2.52%
Max Drawdown (5Y) Largest decline over 5 years	-8.82%	-7.54%	-1.28%
Max Drawdown (10Y) Largest decline over 10 years	-23.56%	-17.13%	-6.43%
Current Drawdown Current decline from peak	-2.19%	0.00%	-2.19%
Average Drawdown Average peak-to-trough decline	-4.31%	-0.91%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	0.31%	+1.32%

Volatility

VSLCX vs. FFRSX - Volatility Comparison

Invesco Senior Loan Fund Class C (VSLCX) has a higher volatility of 1.10% compared to Federated Hermes Floating Rate Strat Inc Fund (FFRSX) at 0.50%. This indicates that VSLCX's price experiences larger fluctuations and is considered to be riskier than FFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSLCX	FFRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.50%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	1.48%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	3.00%	2.09%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	2.44%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	3.24%	+1.46%

VSLCX vs. FFRSX - Expense Ratio Comparison

VSLCX has a 2.45% expense ratio, which is higher than FFRSX's 0.68% expense ratio.

Dividends

VSLCX vs. FFRSX - Dividend Comparison

VSLCX's dividend yield for the trailing twelve months is around 4.66%, less than FFRSX's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFRSX Federated Hermes Floating Rate Strat Inc Fund	5.80%	6.38%	6.95%	6.88%	4.15%	2.92%	3.37%	4.62%	4.41%	3.68%	3.76%	3.71%
VSLCX Invesco Senior Loan Fund Class C	4.66%	6.03%	7.82%	7.94%	7.95%	4.00%	3.50%	3.95%	4.07%	3.42%	4.46%	5.34%

Frequently Asked Questions

Can I hold both VSLCX and FFRSX in my portfolio?

VSLCX and FFRSX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSLCX or FFRSX?

VSLCX has higher volatility (1.10%) compared to FFRSX (0.50%). In terms of maximum drawdown, VSLCX dropped -48.59% vs FFRSX's -17.13%.

Which has better risk-adjusted returns?

FFRSX currently has the higher Sharpe Ratio (2.26 vs 0.29), 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.