BDMIX vs. QAMNX
BDMIX (BlackRock Global Equity Market Neutral Fund Class I) and QAMNX (Federated Hermes MDT Market Neutral A) are both mutual funds - BDMIX is a Equity Market Neutral fund managed by BlackRock, while QAMNX is a Long-Short fund managed by Federated. Over the past 3 years, BDMIX returned 20.67%/yr vs 12.15%/yr for QAMNX. Their 0.16 correlation means their historical movements had little consistent relationship. BDMIX charges 1.34%/yr vs 1.86%/yr for QAMNX.
Performance
BDMIX vs. QAMNX - Performance Comparison
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Returns By Period
In the year-to-date period, BDMIX achieves a 12.92% return, which is significantly higher than QAMNX's 4.89% return.
BDMIX
- 1D
- 0.79%
- 1M
- 2.45%
- 6M
- 10.80%
- YTD
- 12.92%
- 1Y
- 24.55%
- 3Y*
- 20.67%
- 5Y*
- 13.32%
- 10Y*
- 8.56%
- ALL TIME*
- 6.93%
QAMNX
- 1D
- 0.27%
- 1M
- 3.96%
- 6M
- 4.84%
- YTD
- 4.89%
- 1Y
- 9.10%
- 3Y*
- 12.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDMIX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 12.92% | 18.30% | 21.39% | 14.55% | 1.80% | -0.60% |
QAMNX Federated Hermes MDT Market Neutral A | 4.89% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Correlation
The correlation between BDMIX and QAMNX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.16 |
The correlation between BDMIX and QAMNX shifts across timeframes, from 0.05 (1 year) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BDMIX vs. QAMNX — Risk / Return Rank
BDMIX
QAMNX
BDMIX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BDMIX | QAMNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.26 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 7.60 | 2.10 | +5.51 |
| Martin ratioReturn relative to average drawdown | 20.19 | 4.65 | +15.53 |
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Drawdowns
BDMIX vs. QAMNX - Drawdown Comparison
The maximum BDMIX drawdown since its inception was -11.89%, smaller than the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for BDMIX and QAMNX.
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Drawdown Indicators
| BDMIX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.89% | -17.97% | +6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -4.16% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -4.16% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -5.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -5.02% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.87% | -0.65% |
Volatility
BDMIX vs. QAMNX - Volatility Comparison
BlackRock Global Equity Market Neutral Fund Class I (BDMIX) has a higher volatility of 2.61% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.55%. 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.
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Volatility by Period
| BDMIX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.55% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 4.50% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 6.74% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 13.67% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 13.67% | -7.76% |
BDMIX vs. QAMNX - Expense Ratio Comparison
BDMIX has a 1.34% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Dividends
BDMIX vs. QAMNX - Dividend Comparison
BDMIX's dividend yield for the trailing twelve months is around 11.46%, more than QAMNX's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Equity Market Neutral Fund Class I | 11.46% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
QAMNX Federated Hermes MDT Market Neutral A | 1.46% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDMIX and QAMNX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDMIX has higher volatility (2.61%) compared to QAMNX (1.55%). In terms of maximum drawdown, BDMIX dropped -11.89% vs QAMNX's -17.97%.
BDMIX currently has the higher Sharpe Ratio (3.32 vs 1.30), 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.
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