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 a closer substitute for your current allocation.
Cheapest Alternatives to QQMNX
QQMNX charges 1.86% annually. There are 4 mutual funds in the Equity Market Neutral category with lower expense ratios, going as low as 1.51%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | QQMNX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | QQMNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | QQMNX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | QQMNX vs MMNIX | |
| AQR Equity Market Neutral Fund N | 5.28% | — | Oct 2014 | QQMNX vs QMNNX |
Best Risk-Adjusted Alternatives to QQMNX
QQMNX has a PortfoliosLab risk / return rank of 7. There are 3 mutual funds in the Equity Market Neutral category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 99 | — | Dec 2023 | QQMNX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund | 91 | — | Dec 2012 | QQMNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 47 | — | Oct 2024 | QQMNX vs BRGOX | |
| AQR Equity Market Neutral Fund Class I | 6 | — | Oct 2014 | QQMNX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 5 | — | Oct 2014 | QQMNX vs QMNNX |
Top Performing QQMNX Alternatives (YTD)
QQMNX is at -0.05% YTD. There are 3 mutual funds in the Equity Market Neutral category with higher YTD returns, going as high as 12.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | 12.35% | — | Dec 2012 | QQMNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 4.08% | — | Oct 2024 | QQMNX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 3.47% | — | Dec 2023 | QQMNX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | -2.60% | — | Aug 2013 | QQMNX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | -5.92% | — | Oct 2014 | QQMNX vs QMNIX |
Lowest Volatility Alternatives to QQMNX
QQMNX has 6.71% 1-year volatility. There are 2 mutual funds in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 1.56% | — | Dec 2023 | QQMNX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.46% | — | Aug 2013 | QQMNX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | 6.72% | — | Oct 2014 | QQMNX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 6.74% | — | Oct 2014 | QQMNX vs QMNNX | |
| BlackRock Global Equity Market Neutral Fund | 6.83% | — | Dec 2012 | QQMNX vs BDMAX |
Lowest Drawdown Alternatives to QQMNX
QQMNX has a 1-year max drawdown of -4.37%. There are 3 mutual funds in the Equity Market Neutral category with shallower 1-year drawdowns, going as shallow as -0.46%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.46% | — | Dec 2023 | QQMNX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund | -3.55% | — | Dec 2012 | QQMNX vs BDMAX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | QQMNX vs GONIX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | QQMNX vs BRGOX | |
| AQR Equity Market Neutral Fund Class I | -8.30% | — | Oct 2014 | QQMNX vs QMNIX |
Other Mutual Funds from Federated
The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 70 | 8.76% | — | Mar 2005 | QQMNX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 32 | 9.41% | — | Sep 2005 | QQMNX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 6 | -0.14% | — | Sep 2008 | QQMNX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 10 | 5.87% | — | Feb 1986 | QQMNX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 56 | 7.80% | — | Oct 2002 | QQMNX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 5 | 1.66% | — | Aug 1984 | QQMNX vs FGSAX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 64 | 1.27% | — | Nov 2002 | QQMNX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 59 | 1.50% | — | Aug 1984 | QQMNX vs FHYTX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -9.50% | — | Dec 1995 | QQMNX vs BEARX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 38 | 12.00% | — | Feb 1996 | QQMNX vs ISCAX |
Often Compared With QQMNX
Investors most often compare QQMNX with PBAIX, BGCKX, BDMIX. These 7 comparison targets span 7 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 66 | 9.80% | — | Jun 1993 | QQMNX vs PBAIX | |
| BlackRock Global Equity Market Neutral Fund Instit... | Equity Market Neutral | 91 | 12.50% | — | Jan 2016 | QQMNX vs BGCKX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 92 | 12.48% | — | Dec 2012 | QQMNX vs BDMIX | |
| State Street SPDR S&P 500 ETF | S&P 500 | 70 | 10.91% | 781.00B | Jan 1993 | QQMNX vs SPY | |
| Campbell Systematic Macro Fund Class I Shares | Macro Trading | 9 | 9.83% | — | Mar 2013 | QQMNX vs EBSIX | |
| Janus Henderson Global Equity Income Fund | Foreign Large Cap Equities | 56 | 12.52% | — | Nov 2006 | QQMNX vs HFQAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 71 | 1.36% | — | Dec 2008 | QQMNX vs FHYSX |
Compare QQMNX with Any Fund or Stock
Compare QQMNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QQMNX with funds that move differently
Federated Hermes MDT Market Neutral Fund Institutional Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQMNX.
Explore QQMNX Diversifiers