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 37 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%	11.94M	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 6. There are 38 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
BDMIX	BlackRock Global Long/Short Equity Fund Class I	95	—	Dec 2012	QAMNX vs BDMIX
BPLEX	Boston Partners Long/Short Equity Fund	94	—	Nov 1998	QAMNX vs BPLEX
LSEIX	Persimmon Long/Short Fund	88	—	Dec 2012	QAMNX vs LSEIX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	85	—	Oct 1998	QAMNX vs VMNIX
VMNFX	Vanguard Market Neutral Fund Investor Shares	85	561.90M	Nov 1998	QAMNX vs VMNFX

Top Performing QAMNX Alternatives (YTD)

QAMNX is at -1.55% YTD. There are 40 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.35%.

Symbol	Name	YTD Return	AUM	Inception
ADOIX	ACM Dynamic Opportunity Fund	14.35%	—	Jan 2015	QAMNX vs ADOIX
CRIHX	CRM Long/Short Opportunities Fund	13.87%	—	Aug 2016	QAMNX vs CRIHX
BPLEX	Boston Partners Long/Short Equity Fund	13.57%	—	Nov 1998	QAMNX vs BPLEX
VMNFX	Vanguard Market Neutral Fund Investor Shares	13.03%	561.90M	Nov 1998	QAMNX vs VMNFX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	13.02%	—	Oct 1998	QAMNX vs VMNIX

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 5.22%.

Symbol	Name	Volatility 1Y	AUM	Inception
NLSIX	Neuberger Berman Long Short Fund	5.22%	—	Dec 2011	QAMNX vs NLSIX
ASILX	AB Select US Long/Short Portfolio	5.55%	—	Dec 2012	QAMNX vs ASILX
MNWIX	MFS Managed Wealth Fund	5.84%	—	Jun 2014	QAMNX vs MNWIX
KCEIX	Knights of Columbus Long/Short Equity Fund	6.05%	—	Dec 2019	QAMNX vs KCEIX
WRAIX	Wilmington Global Alpha Equities Fund	6.16%	—	Jan 2012	QAMNX vs WRAIX

Lowest Drawdown Alternatives to QAMNX

QAMNX has a 1-year max drawdown of -4.16%. There are 6 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
BDMIX	BlackRock Global Long/Short Equity Fund Class I	-3.24%	—	Dec 2012	QAMNX vs BDMIX
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

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	78	8.76%	—	Mar 2005	QAMNX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	22	5.22%	—	Sep 2005	QAMNX vs QILGX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	15	9.43%	—	Feb 1986	QAMNX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	47	5.92%	—	Oct 2002	QAMNX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	-0.33%	—	Aug 1984	QAMNX vs FGSAX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	69	1.19%	—	Dec 2008	QAMNX vs FHYSX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-7.92%	—	Dec 1995	QAMNX vs BEARX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	65	1.16%	—	Nov 2002	QAMNX vs FIHBX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	55	1.34%	—	Aug 1984	QAMNX vs FHYTX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	37	10.83%	—	Feb 1996	QAMNX vs ISCAX

Often Compared With QAMNX

Investors most often compare QAMNX with QLEIX, SNOIX, QMNNX. These 19 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QLEIX	AQR Long-Short Equity Fund	Long-Short	53	-0.71%	—	Jul 2013	QAMNX vs QLEIX
SNOIX	Easterly Snow Capital Long/Short Opportunity Fund	Long-Short	69	7.40%	—	Apr 2006	QAMNX vs SNOIX
QMNNX	AQR Equity Market Neutral Fund N	Equity Market Neutral	5	-6.97%	—	Oct 2014	QAMNX vs QMNNX
SPY	State Street SPDR S&P 500 ETF	S&P 500	68	9.74%	765.27B	Jan 1993	QAMNX vs SPY
NELIX	Nuveen Equity Long/Short Fund	Long-Short	58	8.44%	—	Dec 2008	QAMNX vs NELIX
^GSPC	S&P 500 Index		80	9.16%	—	—	QAMNX vs ^GSPC
FGUSX	Federated Hermes Government Ultrashort Fund	Ultrashort Bond	99	1.49%	—	Jul 1997	QAMNX vs FGUSX
FULBX	Federated Hermes Ultra Short Bond Fund	Ultrashort Bond	98	1.29%	—	May 1997	QAMNX vs FULBX
KLCIX	Federated Hermes Kaufmann Large Cap Fund	Large Cap Growth Equities	44	15.58%	—	Dec 2007	QAMNX vs KLCIX
JAKRX	John Hancock Disciplined Value Global Long/Short F...	Long-Short	80	9.45%	—	Dec 2013	QAMNX vs JAKRX
FHUMX	Federated Hermes U.S. SMID Fund	Mid Cap Blend Equities	19	14.90%	—	Jul 2020	QAMNX vs FHUMX
QNZIX	AQR Trend Total Return Fund Class I	Systematic Trend	95	14.62%	—	Dec 2021	QAMNX vs QNZIX
QISCX	Federated Hermes MDT Small Cap Core Fund	Small Cap Blend Equities	57	17.82%	—	Sep 2005	QAMNX vs QISCX
LEQIX	LoCorr Dynamic Equity Fund	Long-Short	38	7.66%	—	May 2013	QAMNX vs LEQIX
VOLSX	ABR 75/25 Volatility Fund	Long-Short	41	6.19%	—	Aug 2020	QAMNX vs VOLSX
SAOAX	Guggenheim Alpha Opportunity Fund	Long-Short	34	11.44%	—	Jul 2003	QAMNX vs SAOAX
FCSPX	Federated Hermes Corporate Bond Strategy Port	Corporate Bonds	29	0.77%	—	Jun 2006	QAMNX vs FCSPX
HHCZX	NexPoint Event Driven Fund	Long-Short	4	-3.14%	—	May 2008	QAMNX vs HHCZX
JAKVX	John Hancock Disciplined Value Global Long/Short F...	Long-Short	81	9.63%	—	Apr 2014	QAMNX vs JAKVX

Compare QAMNX with Any Fund or Stock

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

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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