BDMIX vs. QAMNX
Compare and contrast key facts about BlackRock Global Long/Short Equity Fund Class I (BDMIX) and Federated Hermes MDT Market Neutral A (QAMNX).
BDMIX is managed by Blackrock. It was launched on Dec 20, 2012. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDMIX or QAMNX.
Key characteristics
| BDMIX | QAMNX | |
|---|---|---|
| YTD Return | 20.74% | 20.65% |
| 1Y Return | 24.20% | 18.14% |
| 3Y Return (Ann) | 12.05% | 1.30% |
| Sharpe Ratio | 3.39 | 3.02 |
| Sortino Ratio | 5.00 | 4.41 |
| Omega Ratio | 1.66 | 1.58 |
| Calmar Ratio | 5.87 | 0.98 |
| Martin Ratio | 21.40 | 14.69 |
| Ulcer Index | 1.12% | 1.24% |
| Daily Std Dev | 7.06% | 6.03% |
| Max Drawdown | -14.89% | -24.51% |
| Current Drawdown | -0.91% | -1.66% |
Correlation
The correlation between BDMIX and QAMNX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BDMIX vs. QAMNX - Performance Comparison
The year-to-date returns for both stocks are quite close, with BDMIX having a 20.74% return and QAMNX slightly lower at 20.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BDMIX vs. QAMNX - Expense Ratio Comparison
BDMIX has a 1.57% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Risk-Adjusted Performance
BDMIX vs. QAMNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) 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.
Dividends
BDMIX vs. QAMNX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 12.63%, more than QAMNX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.63% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
QAMNX Federated Hermes MDT Market Neutral A | 2.47% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BDMIX vs. QAMNX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -14.89%, smaller than the maximum QAMNX drawdown of -24.51%. Use the drawdown chart below to compare losses from any high point for BDMIX and QAMNX. For additional features, visit the drawdowns tool.
Volatility
BDMIX vs. QAMNX - Volatility Comparison
BlackRock Global Long/Short Equity Fund Class I (BDMIX) has a higher volatility of 3.35% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 2.08%. This indicates that BDMIX'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.