PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ABRSX vs. QAMNX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ABRSX vs. QAMNX

Last updated Jun 5, 2026

ABRSX (ABR 50/50 Volatility Fund) and QAMNX (Federated Hermes MDT Market Neutral A) are both Long-Short funds. Over the past 3 years, ABRSX returned 11.33%/yr vs 11.66%/yr for QAMNX. At a 0.03 correlation, their price movements are largely independent. ABRSX charges 2.00%/yr vs 1.86%/yr for QAMNX.

Performance

ABRSX vs. QAMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ABR 50/50 Volatility Fund (ABRSX) and Federated Hermes MDT Market Neutral A (QAMNX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ABRSX achieves a 2.29% return, which is significantly higher than QAMNX's 0.05% return.

ABRSX

1D
-0.56%
1M
5.56%
YTD
2.29%
6M
4.49%
1Y
26.92%
3Y*
11.33%
5Y*
6.24%
10Y*
—

QAMNX

1D
0.19%
1M
0.76%
YTD
0.05%
6M
2.49%
1Y
3.27%
3Y*
11.66%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ABRSX vs. QAMNX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ABRSX
ABR 50/50 Volatility Fund		2.29%6.22%13.84%38.75%-34.12%10.97%
QAMNX
Federated Hermes MDT Market Neutral A		0.05%10.00%17.33%4.71%9.19%12.29%

Correlation

The correlation between ABRSX and QAMNX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2021

0.03

Compare stocks, funds, or ETFs

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

ABR 50/50 Volatility Fund

Federated Hermes MDT Market Neutral A

Often compared with ABRSX:
ABRSX vs. VOLSXABRSX vs. ABRVXABRSX vs. LSEIXABRSX vs. ASILXABRSX vs. JAKVXABRSX vs. GTAPXABRSX vs. BTPIX
Often compared with QAMNX:
QAMNX vs. BDMIXQAMNX vs. VMNFXQAMNX vs. QLEIXQAMNX vs. GTAPXQAMNX vs. SNOIXQAMNX vs. QMNNXQAMNX vs. SPY

Return for Risk

ABRSX vs. QAMNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ABRSX
ABRSX Risk / Return Rank: 2121
Overall Rank
ABRSX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
ABRSX Sortino Ratio Rank: 1818
Sortino Ratio Rank
ABRSX Omega Ratio Rank: 2424
Omega Ratio Rank
ABRSX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ABRSX Martin Ratio Rank: 2424
Martin Ratio Rank
QAMNX
QAMNX Risk / Return Rank: 77
Overall Rank
QAMNX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
QAMNX Sortino Ratio Rank: 66
Sortino Ratio Rank
QAMNX Omega Ratio Rank: 77
Omega Ratio Rank
QAMNX Calmar Ratio Rank: 99
Calmar Ratio Rank
QAMNX Martin Ratio Rank: 77
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABRSX vs. QAMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABR 50/50 Volatility Fund (ABRSX) and Federated Hermes MDT Market Neutral A (QAMNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ABRSXQAMNXDifference
Sharpe ratioReturn per unit of total volatility
1.26
0.50

+0.75

Sortino ratioReturn per unit of downside risk
1.75
0.79

+0.95

Omega ratioGain probability vs. loss probability

1.25

1.10

+0.15

Calmar ratioReturn relative to maximum drawdown

1.43

0.80

+0.63

Martin ratioReturn relative to average drawdown

5.69

1.84

+3.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABRSX vs. QAMNX - Sharpe Ratio Comparison

The current ABRSX Sharpe Ratio is 1.26, which is higher than the QAMNX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of ABRSX and QAMNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ABRSXQAMNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.26

0.50

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.82

-0.65

Drawdowns

ABRSX vs. QAMNX - Drawdown Comparison

The maximum ABRSX drawdown since its inception was -49.78%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for ABRSX and QAMNX.

Loading charts...

Drawdown Indicators

ABRSXQAMNXDifference

Max Drawdown

Largest peak-to-trough decline

-49.78%

-17.97%

-31.81%

Max Drawdown (1Y)

Largest decline over 1 year

-19.12%

-4.16%

-14.96%

Max Drawdown (3Y)

Largest decline over 3 years

-27.83%

-4.16%

-23.67%

Max Drawdown (5Y)

Largest decline over 5 years

-44.57%

—

—

Current Drawdown

Current decline from peak

-0.56%

-1.98%

+1.42%

Average Drawdown

Average peak-to-trough decline

-15.95%

-5.15%

-10.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.81%

1.81%

+3.00%

Volatility

ABRSX vs. QAMNX - Volatility Comparison

ABR 50/50 Volatility Fund (ABRSX) has a higher volatility of 3.06% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 2.22%. This indicates that ABRSX's price experiences larger fluctuations and is considered to be riskier than QAMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ABRSXQAMNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

2.22%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

17.49%

5.11%

+12.38%

Volatility (1Y)

Calculated over the trailing 1-year period

21.82%

6.61%

+15.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.37%

13.86%

+13.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.21%

13.86%

+22.35%

ABRSX vs. QAMNX - Expense Ratio Comparison

ABRSX has a 2.00% expense ratio, which is higher than QAMNX's 1.86% expense ratio.

Dividends

ABRSX vs. QAMNX - Dividend Comparison

ABRSX's dividend yield for the trailing twelve months is around 0.62%, less than QAMNX's 1.53% yield.

PositionTTM202520242023202220212020201920182017
ABRSX
ABR 50/50 Volatility Fund		0.62%0.63%1.04%0.00%0.00%47.19%0.00%10.50%12.88%0.99%
QAMNX
Federated Hermes MDT Market Neutral A		1.53%1.53%1.85%5.89%11.74%20.80%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ABRSX and QAMNX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ABRSX has higher volatility (3.06%) compared to QAMNX (2.22%). In terms of maximum drawdown, ABRSX dropped -49.78% vs QAMNX's -17.97%.

ABRSX currently has the higher Sharpe Ratio (1.26 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for ABRSX and QAMNX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer