Federated Hermes Short Duration High Yield ETF (FHYS) Performance
FHYS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.4% since Dec 31, 2025
- 1 year
- +2.8% total return
- 3 years
- +7.0% a year
- Since first price
- +4.1% a year since 2021
FHYS trailing returns vs AGG, TLT, SPY
| Period | FHYS total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.2% | −1.8% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.4% | −2.6% | −1.5% | −3.8% | +7.8% |
| YTD | +1.4% | −3.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.8% | −3.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +22.5%+7.0%/yr | +1.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionDec 17, 2021 | +21.5%+4.1%/yr | −9.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FHYS vs AGG
From Dec 17, 2021: FHYS grew to $12,153, AGG to $9,847.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FHYS returns by calendar year
3 of 4 full years positive. Best 2023 (+10.9%), worst 2022 (−7.3%). 2026 is year to date.
FHYS annual returns table
| Year | FHYS | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.4% | −1.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.7% | −3.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.2% | −0.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +10.9% | −1.5% | +5.7% | +2.8% | +26.2% |
| 2022 | −7.3% | −11.6% | −13.0% | −31.2% | −18.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FHYS largest drawdowns
Now 1.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2021 | −11.6% | Jul 6, 2022 | Nov 3, 2023 | 6 months | 1.8 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
FHYS risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +6.7% | +3.9% |
| Volatility (annualized) | 2.7% | 4.7% |
| Sharpe ratio | 0.83 | 0.02 |
| Sortino ratio | 1.36 | 0.03 |
| Best month | +2.4% | +3.7% |
| Worst month | −1.9% | −5.1% |
| Best 12 months | +10.9% | +10.9% |
| Worst 12 months | +2.5% | −7.3% |
| Positive months | 83% | 68% |
| Beta vs S&P 500 | 0.15 | — |
| Correlation with S&P 500 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FHYS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 47 | −7.3% | +7.2% | +10.9% | 91% |
| 3-year (a year) | 23 | +3.3% | +7.5% | +9.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FHYS performance overview
Federated Hermes Short Duration High Yield ETF (FHYS) returned +2.8% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +4.1% a year, turning $10,000 into about $12,153. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −11.6%, from Dec 31, 2021 to Jul 6, 2022, and it took 1.3 years to get back to the old high. FHYS finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+10.9%) and the worst 2022 (−7.3%). Volatility has been 4.7% a year.
Related: FHYS chart, FHYS dividends, FHYS bond profile. See the FHYS overview for the latest quote and fund facts.
FHYS performance FAQ
What is the FHYS return over the past year?
FHYS returned +2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.1%.
How much would $10,000 invested in FHYS be worth?
$10,000 invested in FHYS at its first recorded close on December 17, 2021 would be worth about $12,153 on October 23, 2026 with distributions reinvested.
What was the worst year for FHYS?
The worst calendar year was 2022, with a total return of −7.3%. The best was 2023 at +10.9%.
What is the biggest drawdown of FHYS?
The largest peak-to-trough decline was −11.6% between December 31, 2021 and July 6, 2022. It recovered to the old high on November 3, 2023, 1.3 years after the bottom.
How volatile is FHYS?
Over the past 3 years FHYS had an annualized volatility of 2.7% and a Sharpe ratio of 0.83 (excess return over 1–3 month T-bills per unit of risk).