CAPAX vs. QAMNX
Compare and contrast key facts about Federated Hermes Capital Income Fund (CAPAX) and Federated Hermes MDT Market Neutral A (QAMNX).
CAPAX is managed by Federated. It was launched on May 26, 1988. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
CAPAX vs. QAMNX - Performance Comparison
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CAPAX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CAPAX Federated Hermes Capital Income Fund | -2.93% | 11.88% | 10.21% | 10.51% | -12.43% | 2.26% |
QAMNX Federated Hermes MDT Market Neutral A | 1.41% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, CAPAX achieves a -2.93% return, which is significantly lower than QAMNX's 1.41% return.
CAPAX
- 1D
- 0.00%
- 1M
- -4.40%
- YTD
- -2.93%
- 6M
- -0.10%
- 1Y
- 9.31%
- 3Y*
- 9.04%
- 5Y*
- 4.23%
- 10Y*
- 5.67%
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
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CAPAX vs. QAMNX - Expense Ratio Comparison
CAPAX has a 0.88% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
CAPAX vs. QAMNX — Risk / Return Rank
CAPAX
QAMNX
CAPAX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Capital Income Fund (CAPAX) 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.
| CAPAX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.30 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.00 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.81 | -0.40 |
Martin ratioReturn relative to average drawdown | 6.58 | 5.23 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAPAX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.30 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.87 | -0.24 |
Correlation
The correlation between CAPAX and QAMNX is 0.06, 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.
Dividends
CAPAX vs. QAMNX - Dividend Comparison
CAPAX's dividend yield for the trailing twelve months is around 3.81%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPAX Federated Hermes Capital Income Fund | 3.81% | 3.33% | 3.24% | 3.36% | 3.70% | 3.31% | 3.43% | 3.62% | 4.42% | 3.91% | 4.23% | 5.54% |
QAMNX Federated Hermes MDT Market Neutral A | 1.51% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CAPAX vs. QAMNX - Drawdown Comparison
The maximum CAPAX drawdown since its inception was -46.13%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for CAPAX and QAMNX.
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Drawdown Indicators
| CAPAX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -17.97% | -28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -4.16% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.36% | — | — |
Current DrawdownCurrent decline from peak | -4.44% | -0.37% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -5.26% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.44% | -0.12% |
Volatility
CAPAX vs. QAMNX - Volatility Comparison
Federated Hermes Capital Income Fund (CAPAX) has a higher volatility of 2.25% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.07%. This indicates that CAPAX'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
| CAPAX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.07% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.88% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 6.39% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 14.05% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.61% | 14.05% | -5.44% |