FTRB vs IHYF
Federated Hermes Total Return Bond ETF vs Invesco High Yield Bond Factor ETF
Which is better, FTRB or IHYF?
IHYF has been ahead.
IHYF 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 | IHYF |
|---|---|---|
| Expense Ratio | 0.39%Tie | 0.39%Tie |
| AUM | $706M | $134M |
| Dividend Yield | 4.43% | 6.50% |
| Holdings | 681 | 432 |
| Volatility (annualized) | 4.4% | 3.9%Best |
| Max Drawdown | -4.8%Best | -5.3% |
| $10,000 over 2.1 years | $11,157 | $11,761Best |
| Fund Family | Federated Hermes | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Jan 2, 2024 | Nov 30, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 237 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FTRB has data through Oct 15, 2026 and IHYF through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jan 4, 2024 to Feb 20, 2026 (2.1 years).
Risk: Volatility and Drawdowns
FTRB has been the more volatile fund, with annualized monthly volatility of 4.4% compared with 3.9% for IHYF. 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 -5.3% for IHYF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FTRB charges 0.39% per year while IHYF charges 0.39%. On a $10,000 position that is $39 vs $39 annually. On income, FTRB currently yields 4.43% against 6.50% for IHYF.
Holdings Overlap
We hold position weights for 558 holdings in FTRB and 396 in IHYF, totalling 52.5% and 96.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 368 days apart, FTRB as of Oct 3, 2026 and IHYF as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 558 positions we hold weights for in FTRB and 396 in IHYF, against full books of 681 and 432.
You are not choosing between two funds in isolation.
Whichever of FTRB and IHYF 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 IHYF?
FTRB has an expense ratio of 0.39% while IHYF charges 0.39%. At the precision these are quoted to, they cost the same.
Which is riskier, FTRB or IHYF?
FTRB has been the more volatile fund at 4.4% annualized versus 3.9% for IHYF. Worst drawdown: FTRB -4.8% vs IHYF -5.3%.
Should I hold both FTRB and IHYF?
FTRB and IHYF have a monthly-return correlation of 0.54, 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 IHYF?
FTRB yields 4.43% while IHYF yields 6.50%, so IHYF currently pays the higher dividend yield.
Is IHYF better than FTRB?
IHYF 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.