XPTFX vs. BFRAX
Compare and contrast key facts about Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and BlackRock Floating Rate Income Fund (BFRAX).
XPTFX is managed by Federated. It was launched on Jan 31, 2017. BFRAX is managed by BlackRock. It was launched on Nov 2, 1989.
Performance
XPTFX vs. BFRAX - Performance Comparison
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XPTFX vs. BFRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 1.41% | 7.47% | 8.62% | 8.55% | 3.74% | 1.91% | 2.18% | 4.70% | 4.47% | -0.10% |
BFRAX BlackRock Floating Rate Income Fund | -1.26% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.00% |
Returns By Period
In the year-to-date period, XPTFX achieves a 1.41% return, which is significantly higher than BFRAX's -1.26% return.
XPTFX
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 1.41%
- 6M
- 3.05%
- 1Y
- 7.24%
- 3Y*
- 8.09%
- 5Y*
- 6.19%
- 10Y*
- —
BFRAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -1.26%
- 6M
- -0.08%
- 1Y
- 3.96%
- 3Y*
- 6.24%
- 5Y*
- 4.52%
- 10Y*
- 4.33%
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XPTFX vs. BFRAX - Expense Ratio Comparison
XPTFX has a 0.41% expense ratio, which is lower than BFRAX's 0.90% expense ratio.
Return for Risk
XPTFX vs. BFRAX — Risk / Return Rank
XPTFX
BFRAX
XPTFX vs. BFRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and BlackRock Floating Rate Income Fund (BFRAX). 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.
| XPTFX | BFRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.45 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.10 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.82 | 1.44 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.90 | +0.56 |
Martin ratioReturn relative to average drawdown | 6.61 | 6.92 | -0.31 |
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
| XPTFX | BFRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.45 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.47 | 1.65 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.36 | +1.95 |
Correlation
The correlation between XPTFX and BFRAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XPTFX vs. BFRAX - Dividend Comparison
XPTFX's dividend yield for the trailing twelve months is around 6.12%, which matches BFRAX's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XPTFX Federated Hermes Project and Trade Finance Tender Fund | 6.12% | 7.24% | 6.78% | 6.66% | 5.70% | 2.21% | 2.74% | 4.62% | 4.60% | 0.00% | 0.00% | 0.00% |
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
Drawdowns
XPTFX vs. BFRAX - Drawdown Comparison
The maximum XPTFX drawdown since its inception was -2.95%, smaller than the maximum BFRAX drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for XPTFX and BFRAX.
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Drawdown Indicators
| XPTFX | BFRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -44.69% | +41.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -2.20% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -2.95% | -6.43% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | -0.57% | -1.47% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -6.82% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.61% | +0.49% |
Volatility
XPTFX vs. BFRAX - Volatility Comparison
The current volatility for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) is 0.30%, while BlackRock Floating Rate Income Fund (BFRAX) has a volatility of 0.66%. This indicates that XPTFX experiences smaller price fluctuations and is considered to be less risky than BFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPTFX | BFRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.66% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 1.65% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 2.99% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 2.76% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 3.94% | -1.91% |