Federated Hermes Short Duration High Yield ETF
$22.57−0.04 (−0.20%)
- 0.61%
- $63M
- +3.9%
- 6.09%
- 0M sh
- $22.52
- low $22.36high $23.47
The ETF.net FHYS Grade
Score 45 out of 100
- 9 of 13
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 12 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A72 out of 100Rank 7 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 3 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 7 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 8 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 9 of 13
Our read on FHYS
CMost high yield ETFs buy the whole junk bond index and stop there. FHYS is actively run, keeps duration short, and can reach into floating-rate loans and CLOs that index trackers leave alone.
The Fund seeks high current income.
Why people hold it
- A wider toolkit than index rivals: below investment grade corporates plus floating-rate term loans, bank loans, syndicated loans and CLOs, chosen by a manager rather than an index.
- Short duration is the whole design. Shorter bonds move less when rates move, so this dials down the rate sensitivity carried by full-maturity high yield portfolios.
- One job, stated plainly: high current income. Distributions land monthly.
- What it holds matches what the prospectus describes: US dollar denominated debt, mostly domestic issuers, with room for developed and emerging market names.
Worth knowing
- Active management carries an active price tag. At 0.61% a year it costs more than the cohort's typical fund and multiples of index peers like SCYB, SPHY and USHY.
- Modest assets and light trading volume, which usually means wider bid-ask spreads than the giant index funds in high yield.
- Launched in 2021, so its record is short next to high yield funds that have been through multiple credit cycles.
FHYS Holdings
- Bonds
- 283
- 10%
- Net Other Assets
Sectors
- Communication91.7%
- Industrials8.3%
Geography
- United States88.96%
- Canada3.17%
- United Kingdom1.86%
- Netherlands1.51%
- Luxembourg1.01%
- Japan0.87%
- Germany0.73%
- Spain0.60%
- 1.29%
FHYS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FHYS |
|---|---|
| Year to date | +1.5% |
| 1 month | −0.6% |
| 3 months | −0.5% |
| 1 year | +3.9% |
| 3 years | +7.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FHYS |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +7.7% | |
| 2024 | +7.2% | |
| 2023 | +10.9% | |
| 2022 | −7.3% | |
| 2021 | +1.0% |
FHYS in the news
No ETF.net Research article names FHYS yet.
FHYS Dividends
- 6.09%
- $1.38
- $0.11 per share
- Monthly
Distribution history
FHYS Risk
- 2.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FHYS Cost
- The middle half of International High Yield Bond funds
- Median 0.46%
11 of the 13 International High Yield Bond funds charge less.
Other funds in International High Yield Bond
- BIHYVanEck International High Yield Bond ETFExpense ratio 0.40%1 year return +1.0%
- CNJNKColumbia U.S. High Yield ETFExpense ratio 0.46%1 year return +2.9%
- CPBSCPacer Barings Secured Credit Flex ETFExpense ratio 0.49%1 year return —
- CVEMYVirtus Stone Harbor Emerging Markets High Yield Bond ETFExpense ratio 0.55%1 year return +8.7%
- DMHYMan Active High Yield ETFExpense ratio 0.69%1 year return +8.3%