FTRB vs HYI
Federated Hermes Total Return Bond ETF vs Western Asset High Yield Defined Opportunity Fund Inc.
Which is better, FTRB or HYI?
FTRB has been ahead.
FTRB has a lower expense ratio. FTRB led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FTRB | HYI |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.96% |
| AUM | $706M | $140M |
| Dividend Yield | 4.43% | 10.36% |
| Holdings | 681 | 258 |
| YTD Return | -2.16%Best | -6.61% |
| 1Y Return | -1.59%Best | -6.95% |
| 3Y Return (annualized) | - | +4.97% |
| 5Y Return (annualized) | - | -0.55% |
| Volatility (annualized) | 4.5%Best | 6.9% |
| Max Drawdown | -4.8%Best | -14.6% |
| $10,000 over 2.8 years | $10,804Best | $10,408 |
| Fund Family | Federated Hermes | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Jan 2, 2024 | Oct 27, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 4, 2024 to Oct 14, 2026 (2.8 years).
FTRB vs HYI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
FTRB vs HYI Performance
Federated Hermes Total Return Bond ETF (FTRB) is an ETF from Federated Hermes and Western Asset High Yield Defined Opportunity Fund Inc. (HYI) is an ETF from Franklin Templeton Investments (US). Over the past year FTRB returned -1.59% while HYI returned -6.95%. Year to date, FTRB is down 2.16% versus a loss of 6.61% for HYI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYI has been the more volatile fund, with annualized monthly volatility of 6.9% compared with 4.5% for FTRB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.8% for FTRB and -14.6% for HYI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FTRB charges 0.39% per year while HYI charges 0.96%. On a $10,000 position that is $39 vs $96 annually, a gap of $57 per year that compounds over a long holding period. On income, FTRB currently yields 4.43% against 10.36% for HYI.
Holdings Overlap
We hold position weights for 558 holdings in FTRB and 18 in HYI, totalling 52.5% and 3.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 558 positions we hold weights for in FTRB and 18 in HYI, against full books of 681 and 258.
You are not choosing between two funds in isolation.
Whichever of FTRB and HYI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FTRB or HYI?
FTRB has an expense ratio of 0.39% while HYI charges 0.96%. FTRB is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, FTRB or HYI?
Over the past year FTRB returned -1.59% vs -6.95% for HYI, so FTRB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTRB or HYI?
HYI has been the more volatile fund at 6.9% annualized versus 4.5% for FTRB. Worst drawdown: FTRB -4.8% vs HYI -14.6%.
Should I hold both FTRB and HYI?
FTRB and HYI have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FTRB or HYI?
FTRB yields 4.43% while HYI yields 10.36%, so HYI currently pays the higher dividend yield.
Is HYI better than FTRB?
FTRB has a lower expense ratio. FTRB led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.