WTIP vs. FCSH

Last updated Jul 14, 2026

WTIP (WisdomTree Inflation Plus Fund) and FCSH (Federated Hermes Short Duration Corporate ETF) are both exchange-traded funds - WTIP is a Long-Short fund actively managed by WisdomTree, while FCSH is a Short-Term Bond fund actively managed by Federated. Both are actively managed. Over the past year, WTIP returned 18.27% vs 3.26% for FCSH. At a correlation of -0.13, they often move in opposite directions. WTIP charges 0.65%/yr vs 0.30%/yr for FCSH.

Performance

WTIP vs. FCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and Federated Hermes Short Duration Corporate ETF (FCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTIP achieves a 6.90% return, which is significantly higher than FCSH's 0.38% return.

WTIP

• 1D: -0.47%
• 1M: -3.42%
• 6M: 4.08%
• YTD: 6.90%
• 1Y: 18.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCSH

• 1D: -0.25%
• 1M: -0.23%
• 6M: 0.32%
• YTD: 0.38%
• 1Y: 3.26%
• 3Y*: 4.99%
• 5Y*: —
• 10Y*: —

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

WTIP vs. FCSH - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	6.90%	13.49%
FCSH Federated Hermes Short Duration Corporate ETF	0.38%	3.40%

Correlation

The correlation between WTIP and FCSH is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.13

Return for Risk

WTIP vs. FCSH — Risk / Return Rank

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

WTIP

WTIP Risk / Return Rank: 34
WTIP Sharpe Ratio Rank: 37
WTIP Sortino Ratio Rank: 32
WTIP Omega Ratio Rank: 42
WTIP Calmar Ratio Rank: 28
WTIP Martin Ratio Rank: 32

FCSH

FCSH Risk / Return Rank: 65
FCSH Sharpe Ratio Rank: 63
FCSH Sortino Ratio Rank: 69
FCSH Omega Ratio Rank: 66
FCSH Calmar Ratio Rank: 66
FCSH Martin Ratio Rank: 60

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.

WTIP vs. FCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) and Federated Hermes Short Duration Corporate ETF (FCSH). 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.

	WTIP	FCSH	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.65	-0.58
Sortino ratio: Return per unit of downside risk	1.43	2.51	-1.08
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.11	2.63	-1.52
Martin ratio: Return relative to average drawdown	3.76	8.34	-4.58

WTIP vs. FCSH - Sharpe Ratio Comparison

The current WTIP Sharpe Ratio is 1.06, which is lower than the FCSH Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of WTIP and FCSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTIP vs. FCSH - Drawdown Comparison

The maximum WTIP drawdown since its inception was -16.52%, which is greater than FCSH's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for WTIP and FCSH.

Drawdown Indicators

	WTIP	FCSH	Difference
Max Drawdown Largest peak-to-trough decline	-16.52%	-8.47%	-8.05%
Max Drawdown (1Y) Largest decline over 1 year	-16.52%	-1.24%	-15.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.32%	—
Current Drawdown Current decline from peak	-14.31%	-0.76%	-13.55%
Average Drawdown Average peak-to-trough decline	-2.57%	-2.17%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	0.39%	+4.48%

Volatility

WTIP vs. FCSH - Volatility Comparison

WisdomTree Inflation Plus Fund (WTIP) has a higher volatility of 4.44% compared to Federated Hermes Short Duration Corporate ETF (FCSH) at 0.61%. This indicates that WTIP's price experiences larger fluctuations and is considered to be riskier than FCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTIP	FCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	0.61%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	1.62%	+14.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	1.99%	+15.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	2.88%	+14.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	2.88%	+14.06%

WTIP vs. FCSH - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is higher than FCSH's 0.30% expense ratio.

Dividends

WTIP vs. FCSH - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 3.78%, less than FCSH's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	4.09%	4.14%	4.44%	2.31%	1.76%	0.04%
WTIP WisdomTree Inflation Plus Fund	3.78%	1.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTIP and FCSH in my portfolio?

WTIP and FCSH have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTIP or FCSH?

WTIP has higher volatility (4.44%) compared to FCSH (0.61%). In terms of maximum drawdown, WTIP dropped -16.52% vs FCSH's -8.47%.

Which ETF is better, WTIP or FCSH?

On 1-year performance, WTIP leads with 18.27% vs 3.26% for FCSH. On fees, FCSH is cheaper at 0.30% per year. On volatility, FCSH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTIP or FCSH?

Over the 1-year period, WTIP has performed better with a 18.27% return vs 3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTIP or FCSH?

FCSH is cheaper with a 0.30% expense ratio, compared with 0.65% for WTIP.

Which ETF pays a higher dividend yield, WTIP or FCSH?

FCSH has the higher dividend yield at 4.09%, compared with 3.78% for WTIP.

What is the main difference between WTIP and FCSH?

WTIP is categorized as Long-Short, while FCSH is Short-Term Bond. They also come from different issuers: WisdomTree and Federated. Their fees differ too: 0.65% for WTIP and 0.30% for FCSH.

Which has better risk-adjusted returns?

FCSH currently has the higher Sharpe Ratio (1.65 vs 1.06), 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.