Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) Alternatives

Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) belongs to the Equity Market Neutral category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QQMNX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to QQMNX

QQMNX charges 1.86% annually. Among mutual funds in the Equity Market Neutral category, these options have the lowest expense ratios among QQMNX alternatives.

Symbol	Name	Expense Ratio	Inception
GONIX	Gotham Neutral Fund Institutional Class	1.51%	Aug 30, 2013	QQMNX vs GONIX
BDMAX	BlackRock Global Equity Market Neutral Fund	1.60%	Dec 20, 2012	QQMNX vs BDMAX
BRGOX	Bridgeway Global Opportunities Fund Class N	1.63%	Oct 15, 2024	QQMNX vs BRGOX
MMNIX	Miller Market Neutral Income Fund Class I	1.69%	Dec 29, 2023	QQMNX vs MMNIX
QMNNX	AQR Equity Market Neutral Fund N	5.28%	Oct 7, 2014	QQMNX vs QMNNX

Best Risk-Adjusted Alternatives to QQMNX

Among mutual funds in the Equity Market Neutral category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
MMNIX	Miller Market Neutral Income Fund Class I	99	Dec 29, 2023	QQMNX vs MMNIX
BRGOX	Bridgeway Global Opportunities Fund Class N	97	Oct 15, 2024	QQMNX vs BRGOX
BDMAX	BlackRock Global Equity Market Neutral Fund	96	Dec 20, 2012	QQMNX vs BDMAX
QMNIX	AQR Equity Market Neutral Fund Class I	81	Oct 7, 2014	QQMNX vs QMNIX
QMNNX	AQR Equity Market Neutral Fund N	80	Oct 7, 2014	QQMNX vs QMNNX

Top Performing QQMNX Alternatives (YTD)

QQMNX alternatives from the Equity Market Neutral category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
BRGOX	Bridgeway Global Opportunities Fund Class N	6.16%	Oct 15, 2024	QQMNX vs BRGOX
BDMAX	BlackRock Global Equity Market Neutral Fund	3.51%	Dec 20, 2012	QQMNX vs BDMAX
MMNIX	Miller Market Neutral Income Fund Class I	1.45%	Dec 29, 2023	QQMNX vs MMNIX
GONIX	Gotham Neutral Fund Institutional Class	-1.40%	Aug 30, 2013	QQMNX vs GONIX
QMNIX	AQR Equity Market Neutral Fund Class I	-3.36%	Oct 7, 2014	QQMNX vs QMNIX

Lowest Volatility Alternatives to QQMNX

QQMNX alternatives from the Equity Market Neutral category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
MMNIX	Miller Market Neutral Income Fund Class I	1.71%	Dec 29, 2023	QQMNX vs MMNIX
QMNNX	AQR Equity Market Neutral Fund N	6.30%	Oct 7, 2014	QQMNX vs QMNNX
QMNIX	AQR Equity Market Neutral Fund Class I	6.32%	Oct 7, 2014	QQMNX vs QMNIX
GONIX	Gotham Neutral Fund Institutional Class	6.72%	Aug 30, 2013	QQMNX vs GONIX
BDMAX	BlackRock Global Equity Market Neutral Fund	6.91%	Dec 20, 2012	QQMNX vs BDMAX

Lowest Drawdown Alternatives to QQMNX

QQMNX alternatives from the Equity Market Neutral category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
MMNIX	Miller Market Neutral Income Fund Class I	-0.46%	Dec 29, 2023	QQMNX vs MMNIX
BDMAX	BlackRock Global Equity Market Neutral Fund	-3.61%	Dec 20, 2012	QQMNX vs BDMAX
BRGOX	Bridgeway Global Opportunities Fund Class N	-3.78%	Oct 15, 2024	QQMNX vs BRGOX
GONIX	Gotham Neutral Fund Institutional Class	-4.13%	Aug 30, 2013	QQMNX vs GONIX
QMNIX	AQR Equity Market Neutral Fund Class I	-5.43%	Oct 7, 2014	QQMNX vs QMNIX

Other Mutual Funds from Federated

Most popular Federated mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	24	-12.41%	Sep 15, 2005	QQMNX vs QILGX
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	77	8.28%	Mar 30, 2005	QQMNX vs SVAIX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	72	1.41%	Sep 30, 2008	QQMNX vs QAMNX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	13	-12.10%	Feb 21, 1986	QQMNX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	42	-7.69%	Oct 1, 2002	QQMNX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	12	-9.53%	Aug 23, 1984	QQMNX vs FGSAX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	76	-2.24%	Aug 23, 1984	QQMNX vs FHYTX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	86	-1.88%	Nov 1, 2002	QQMNX vs FIHBX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	75	-3.05%	Feb 27, 1996	QQMNX vs ISCAX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities, Leveraged	2	8.44%	Dec 27, 1995	QQMNX vs BEARX

Often Compared With QQMNX

What investors most often compare with QQMNX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	QQMNX vs SPY
BDMIX	BlackRock Global Long/Short Equity Fund Class I	Long-Short	96	3.57%	Dec 20, 2012	QQMNX vs BDMIX
PBAIX	BlackRock Tactical Opportunities Fund Institutiona...	Tactical Allocation	72	3.23%	Jun 1, 1993	QQMNX vs PBAIX
BGCKX	BlackRock Global Equity Market Neutral Fund Instit...	Equity Market Neutral	96	3.62%	Jan 29, 2016	QQMNX vs BGCKX
EBSIX	Campbell Systematic Macro Fund Class I Shares	Macro Trading	9	7.80%	Mar 4, 2013	QQMNX vs EBSIX

Compare QQMNX with Any Fund or Stock

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

Symbol name

Federated Hermes MDT Market Neutral Fund Institutional Shares

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