Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) is down 0.1% since the beginning of the year. QQMNX is currently trading at $22 per share.

Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) has returned -0.05% so far this year and 3.39% over the past 12 months.

Based on dividend-adjusted daily data since Sep 22, 2021, QQMNX's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2021 with a return of +8.1%, while the worst month was Aug 2022 at -4.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, QQMNX closed higher 49% of trading days. The best single day was Dec 6, 2021 with a return of +18.5%, while the worst single day was Dec 7, 2021 at -16.4%.

Federated Hermes MDT Market Neutral Fund Institutional Shares has an annualized alpha of 12.56%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 23, 2021.

• This fund captured 16.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -37.47%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

QQMNX has a high expense ratio of 1.86%, indicating above-average management fees.

QQMNX ranks 7 for risk / return — in the bottom 7% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and compare them to S&P 500 Index.

Federated Hermes MDT Market Neutral Fund Institutional Shares provided a 1.74% dividend yield over the last twelve months, with an annual payout of $0.38 per share.

The table displays the monthly dividend distributions for Federated Hermes MDT Market Neutral Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes MDT Market Neutral Fund Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes MDT Market Neutral Fund Institutional Shares was 17.50%, occurring on Aug 31, 2022. Recovery took 346 trading sessions.

The current Federated Hermes MDT Market Neutral Fund Institutional Shares drawdown is 2.10%.

The chart below shows the rolling one-month volatility.