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ETFs

Federated Hermes Short Duration Corporate ETF

FCSH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 2021
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Federated Hermes
Volume (1m avg. daily)
$1,783
AUM
$26,308,296
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

BAC5050016
BANK OF AMERICA CORP SR UNSECURED 09/25 VAR
3.66%
n/a
JPMORGAN CHASE + CO SR UNSECURED 02/27 VAR
3.44%
MS5281287
MORGAN STANLEY SR UNSECURED 10/25 VAR
2.74%
C4973353
CITIGROUP INC SR UNSECURED 04/26 VAR
2.68%
WFC4947039
WELLS FARGO + COMPANY SR UNSECURED 02/26 VAR
2.29%
n/a
GOLDMAN SACHS GROUP INC SR UNSECURED 12/26 VAR
2.17%
GE5592026
GE HEALTHCARE TECH INC COMPANY GUAR 11/27 5.65
1.71%
NFCD
Netflix 4.375 % Notes 2017-15.11.26
1.30%
BA25C
Boeing Co. - 4.875% NT REDEEM 01/05/2025 USD 2000
1.14%
n/a
Energy Transfer 4.05 % Notes 2015-15.3.25 Sr
1.13%
Invest with FCSH

What is FCSH?

The Fund primarily invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. The Fund s investment adviser (the Adviser ) seeks to enhance the Fund s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. Some of the corporate debt securities in which the Fund invests are considered to be foreign securities, which are securities of issuers based outside of the United States. The foreign securities in which the Fund invests will be predominately denominated in U.S. dollars. The Fund may invest up to 10% of its assets in fixed-income securities rated below investment grade. Noninvestment-grade securities may also be referred to as below investment-grade securities ( junk bonds or high yield securities ).

ETFs related toFCSH

ETFs correlated to FCSH include VCSH, IGSB, SUSB

FCSH
Federated Hermes ETF Trust - Federated Hermes Short Duration Corporate ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
BSCR
Invesco Capital Management LLC - Invesco BulletShares 2027 Corporate Bond ETF
AVSF
American Century ETF Trust - Avantis Short-Term Fixed Income ETF
SCHJ
Schwab Strategic Trust - Schwab 1-5 Year Corporate Bond ETF
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
SPSB
SSgA Active Trust - SPDR Portfolio Short Term Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFCSH

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FCSH using Composer

FAQ

FCSH is a US Bonds ETF. The Fund primarily invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. The Fund s investment adviser (the Adviser ) seeks to enhance the Fund s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. Some of the corporate debt securities in which the Fund invests are considered to be foreign securities, which are securities of issuers based outside of the United States. The foreign securities in which the Fund invests will be predominately denominated in U.S. dollars. The Fund may invest up to 10% of its assets in fixed-income securities rated below investment grade. Noninvestment-grade securities may also be referred to as below investment-grade securities ( junk bonds or high yield securities ).

Yes, FCSH is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FCSH is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FCSH is -0.0004%. This is the percent change in the value of FCSH over the most recent 1-month period. The 3-month return on FCSH is -0.0005%. This is the percent change in the value of FCSH over the most recent 3-month period.

The standard deviation of FCSH for the past year is 0.0368%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FCSH include SPIB, VCIT, and LQD.

ETFs correlated to FCSH include VCSH, IGSB, and SUSB.

ETFs that are inversely correlated to FCSH include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.