WIBMX vs. FMBPX
WIBMX (Wilmington Broad Market Bond Fund) and FMBPX (Federated Hermes Mortgage Strategy Portfolio) are both Intermediate Core Bond funds. Over the past 5 years, WIBMX returned -0.71%/yr vs -0.12%/yr for FMBPX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. WIBMX charges 0.57%/yr vs 0.02%/yr for FMBPX.
Performance
WIBMX vs. FMBPX - Performance Comparison
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Returns By Period
In the year-to-date period, WIBMX achieves a -1.20% return, which is significantly lower than FMBPX's -0.70% return.
WIBMX
- 1D
- -0.23%
- 1M
- -1.38%
- 6M
- -1.18%
- YTD
- -1.20%
- 1Y
- 1.30%
- 3Y*
- 3.28%
- 5Y*
- -0.71%
- 10Y*
- —
- ALL TIME*
- 1.65%
FMBPX
- 1D
- -0.48%
- 1M
- -1.54%
- 6M
- -0.99%
- YTD
- -0.70%
- 1Y
- 4.29%
- 3Y*
- 4.29%
- 5Y*
- -0.12%
- 10Y*
- 1.22%
- ALL TIME*
- 1.02%
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 |
WIBMX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WIBMX Wilmington Broad Market Bond Fund | -1.20% | 7.13% | 0.68% | 5.10% | -12.80% | -1.86% | 7.78% | 8.33% | 1.65% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.70% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 2.42% |
Correlation
The correlation between WIBMX and FMBPX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.79 |
Over the past year, the correlation between WIBMX and FMBPX has dropped to 0.56 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
WIBMX vs. FMBPX — Risk / Return Rank
WIBMX
FMBPX
WIBMX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Broad Market Bond Fund (WIBMX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| WIBMX | FMBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.33 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.64 | 3.75 | -2.11 |
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Drawdowns
WIBMX vs. FMBPX - Drawdown Comparison
The maximum WIBMX drawdown since its inception was -18.13%, roughly equal to the maximum FMBPX drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for WIBMX and FMBPX.
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Drawdown Indicators
| WIBMX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -18.34% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.15% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -6.59% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.48% | -17.99% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.34% | — |
Current DrawdownCurrent decline from peak | -4.24% | -2.71% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -3.25% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.11% | +0.18% |
Volatility
WIBMX vs. FMBPX - Volatility Comparison
The current volatility for Wilmington Broad Market Bond Fund (WIBMX) is 1.04%, while Federated Hermes Mortgage Strategy Portfolio (FMBPX) has a volatility of 1.21%. This indicates that WIBMX experiences smaller price fluctuations and is considered to be less risky than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIBMX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.21% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.37% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 4.53% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 6.81% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 5.14% | -0.05% |
WIBMX vs. FMBPX - Expense Ratio Comparison
WIBMX has a 0.57% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Dividends
WIBMX vs. FMBPX - Dividend Comparison
WIBMX's dividend yield for the trailing twelve months is around 3.57%, less than FMBPX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.68% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
WIBMX Wilmington Broad Market Bond Fund | 3.57% | 3.98% | 2.89% | 2.39% | 1.87% | 1.75% | 2.33% | 2.55% | 0.88% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WIBMX and FMBPX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMBPX has higher volatility (1.21%) compared to WIBMX (1.04%). In terms of maximum drawdown, WIBMX dropped -18.13% vs FMBPX's -18.34%.
FMBPX currently has the higher Sharpe Ratio (0.92 vs 0.54), 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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