QAMNX Alternatives & Similar Mutual Funds

Federated Hermes MDT Market Neutral A (QAMNX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QAMNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QAMNX

QAMNX charges 1.86% annually. There are 35 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
PHSWX	Parvin Hedged Equity Solari World Fund	0.01%	—	Jan 2021	QAMNX vs PHSWX
MNWIX	MFS Managed Wealth Fund	0.67%	—	Jun 2014	QAMNX vs MNWIX
WTLS	WisdomTree Efficient Long/Short US Equity Fund	0.88%	12.26M	Jan 2026	QAMNX vs WTLS
SPEDX	Alger Dynamic Opportunities Fund	0.91%	—	Nov 2009	QAMNX vs SPEDX
BTPIX	Salient Tactical Plus Fund	1.08%	—	Dec 2012	QAMNX vs BTPIX

Best Risk-Adjusted Alternatives to QAMNX

QAMNX has a PortfoliosLab risk / return rank of 15. There are 31 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
BPLEX	Boston Partners Long/Short Equity Fund	96	—	Nov 1998	QAMNX vs BPLEX
VMNFX	Vanguard Market Neutral Fund Investor Shares	95	561.90M	Nov 1998	QAMNX vs VMNFX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	95	—	Oct 1998	QAMNX vs VMNIX
JAKVX	John Hancock Disciplined Value Global Long/Short F...	90	—	Apr 2014	QAMNX vs JAKVX
JAKRX	John Hancock Disciplined Value Global Long/Short F...	90	—	Dec 2013	QAMNX vs JAKRX

Top Performing QAMNX Alternatives (YTD)

QAMNX is at 1.55% YTD. There are 35 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.69%.

Symbol	Name	YTD Return	AUM	Inception
BPLEX	Boston Partners Long/Short Equity Fund	18.69%	—	Nov 1998	QAMNX vs BPLEX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	15.68%	—	Oct 1998	QAMNX vs VMNIX
VMNFX	Vanguard Market Neutral Fund Investor Shares	15.68%	561.90M	Nov 1998	QAMNX vs VMNFX
SAOAX	Guggenheim Alpha Opportunity Fund	14.95%	—	Jul 2003	QAMNX vs SAOAX
LONGX	Longboard Alternative Growth Fund	13.48%	—	Mar 2015	QAMNX vs LONGX

Lowest Volatility Alternatives to QAMNX

QAMNX has 6.70% 1-year volatility. There are 5 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.

Symbol	Name	Volatility 1Y	AUM	Inception
NLSIX	Neuberger Berman Long Short Fund	5.29%	—	Dec 2011	QAMNX vs NLSIX
ASILX	AB Select US Long/Short Portfolio	5.53%	—	Dec 2012	QAMNX vs ASILX
MNWIX	MFS Managed Wealth Fund	5.91%	—	Jun 2014	QAMNX vs MNWIX
WRAIX	Wilmington Global Alpha Equities Fund	6.23%	—	Jan 2012	QAMNX vs WRAIX
KCEIX	Knights of Columbus Long/Short Equity Fund	6.30%	—	Dec 2019	QAMNX vs KCEIX

Lowest Drawdown Alternatives to QAMNX

QAMNX has a 1-year max drawdown of -4.16%. There are 5 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
KCEIX	Knights of Columbus Long/Short Equity Fund	-2.82%	—	Dec 2019	QAMNX vs KCEIX
GTAPX	Quantitative U.S. Long/Short Equity Portfolio	-3.01%	—	Sep 2006	QAMNX vs GTAPX
ASILX	AB Select US Long/Short Portfolio	-3.61%	—	Dec 2012	QAMNX vs ASILX
GARIX	Gotham Absolute Return Fund	-3.85%	—	Aug 2012	QAMNX vs GARIX
LSEIX	Persimmon Long/Short Fund	-3.90%	—	Dec 2012	QAMNX vs LSEIX

Other Mutual Funds from Federated

The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, KAUFX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	86	11.97%	—	Mar 2005	QAMNX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	21	6.13%	—	Sep 2005	QAMNX vs QILGX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	19	12.28%	—	Feb 1986	QAMNX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	51	8.18%	—	Oct 2002	QAMNX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	1.61%	—	Aug 1984	QAMNX vs FGSAX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	76	1.73%	—	Dec 2008	QAMNX vs FHYSX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	56	1.79%	—	Aug 1984	QAMNX vs FHYTX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-7.65%	—	Dec 1995	QAMNX vs BEARX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	69	1.54%	—	Nov 2002	QAMNX vs FIHBX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	22	8.20%	—	Feb 1996	QAMNX vs ISCAX

Often Compared With QAMNX

Investors most often compare QAMNX with BDMIX, QLEIX, SNOIX. These 18 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BDMIX	BlackRock Global Equity Market Neutral Fund Class ...	Equity Market Neutral	96	11.25%	—	Dec 2012	QAMNX vs BDMIX
QLEIX	AQR Long-Short Equity Fund	Long-Short	54	-1.51%	—	Jul 2013	QAMNX vs QLEIX
SNOIX	Easterly Snow Capital Long/Short Opportunity Fund	Long-Short	78	7.51%	—	Apr 2006	QAMNX vs SNOIX
QMNNX	AQR Equity Market Neutral Fund Class N	Equity Market Neutral	6	-7.87%	—	Oct 2014	QAMNX vs QMNNX
SPY	State Street SPDR S&P 500 ETF	S&P 500	67	11.30%	783.21B	Jan 1993	QAMNX vs SPY
NELIX	Nuveen Equity Long/Short Fund	Long-Short	49	7.98%	—	Dec 2008	QAMNX vs NELIX
^GSPC	S&P 500 Index		77	10.66%	—	—	QAMNX vs ^GSPC
FGUSX	Federated Hermes Government Ultrashort Fund	Ultrashort Bond	99	1.83%	—	Jul 1997	QAMNX vs FGUSX
FULBX	Federated Hermes Ultra Short Bond Fund	Ultrashort Bond	98	1.65%	—	May 1997	QAMNX vs FULBX
FHUMX	Federated Hermes U.S. SMID Fund	Mid Cap Blend Equities	12	12.92%	—	Jul 2020	QAMNX vs FHUMX
KLCIX	Federated Hermes Kaufmann Large Cap Fund	Large Cap Growth Equities	37	13.45%	—	Dec 2007	QAMNX vs KLCIX
QISCX	Federated Hermes MDT Small Cap Core Fund	Small Cap Blend Equities	66	20.38%	—	Sep 2005	QAMNX vs QISCX
LEQIX	LoCorr Dynamic Equity Fund	Long-Short	27	7.57%	—	May 2013	QAMNX vs LEQIX
VOLSX	ABR 75/25 Volatility Fund	Long-Short	36	7.12%	—	Aug 2020	QAMNX vs VOLSX
HHCZX	NexPoint Event Driven Fund	Long-Short	3	-3.60%	—	May 2008	QAMNX vs HHCZX
QNZIX	AQR Trend Total Return Fund Class I	Systematic Trend	92	13.88%	—	Dec 2021	QAMNX vs QNZIX
FCSPX	Federated Hermes Corporate Bond Strategy Port	Corporate Bonds	28	0.39%	—	Jun 2006	QAMNX vs FCSPX
QDSIX	AQR Diversifying Strategies Fund	Multistrategy	89	4.43%	—	Jun 2020	QAMNX vs QDSIX

Compare QAMNX with Any Fund or Stock

Compare QAMNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair QAMNX with funds that move differently

Federated Hermes MDT Market Neutral A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QAMNX.

Explore QAMNX Diversifiers

Federated Hermes MDT Market Neutral A (QAMNX) Alternatives