EBSIX vs. QQMNX

Last updated Apr 2, 2026

Compare and contrast key facts about Campbell Systematic Macro Fund Class I Shares (EBSIX) and Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX).

EBSIX is managed by Campbell & Company. It was launched on Mar 4, 2013. QQMNX is an actively managed fund by Federated. It was launched on Sep 30, 2008.

Performance

EBSIX vs. QQMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Campbell Systematic Macro Fund Class I Shares (EBSIX) and Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX). The values are adjusted to include any dividend payments, if applicable.

EBSIX vs. QQMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EBSIX Campbell Systematic Macro Fund Class I Shares	7.05%	-1.14%	11.63%	-1.83%	30.91%	0.69%
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares	1.46%	10.27%	17.59%	4.96%	9.47%	12.38%

Returns By Period

In the year-to-date period, EBSIX achieves a 7.05% return, which is significantly higher than QQMNX's 1.46% return.

EBSIX

• 1D: -0.69%
• 1M: 2.56%
• YTD: 7.05%
• 6M: 3.19%
• 1Y: 0.38%
• 3Y*: 3.75%
• 5Y*: 9.32%
• 10Y*: —

QQMNX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 1.46%
• 6M: 5.72%
• 1Y: 8.14%
• 3Y*: 10.63%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBSIX vs. QQMNX - Expense Ratio Comparison

EBSIX has a 1.75% expense ratio, which is lower than QQMNX's 1.86% expense ratio.

QQMNX

Federated Hermes MDT Market Neutral Fund Institutional Shares

EBSIX

Campbell Systematic Macro Fund Class I Shares

Return for Risk

EBSIX vs. QQMNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBSIX

EBSIX Risk / Return Rank: 6
EBSIX Sharpe Ratio Rank: 5
EBSIX Sortino Ratio Rank: 4
EBSIX Omega Ratio Rank: 4
EBSIX Calmar Ratio Rank: 8
EBSIX Martin Ratio Rank: 7

QQMNX

QQMNX Risk / Return Rank: 63
QQMNX Sharpe Ratio Rank: 63
QQMNX Sortino Ratio Rank: 70
QQMNX Omega Ratio Rank: 67
QQMNX Calmar Ratio Rank: 69
QQMNX Martin Ratio Rank: 47

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.

EBSIX vs. QQMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class I Shares (EBSIX) and Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX). 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.

	EBSIX	QQMNX	Difference
Sharpe ratio Return per unit of total volatility	0.05	1.26	-1.21
Sortino ratio Return per unit of downside risk	0.12	1.93	-1.81
Omega ratio Gain probability vs. loss probability	1.01	1.28	-0.27
Calmar ratio Return relative to maximum drawdown	0.14	1.86	-1.72
Martin ratio Return relative to average drawdown	0.25	5.54	-5.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBSIX vs. QQMNX - Sharpe Ratio Comparison

The current EBSIX Sharpe Ratio is 0.05, which is lower than the QQMNX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of EBSIX and QQMNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EBSIX	QQMNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	1.26	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.91	+0.22

Correlation

The correlation between EBSIX and QQMNX is 0.02, 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

EBSIX vs. QQMNX - Dividend Comparison

EBSIX's dividend yield for the trailing twelve months is around 2.95%, more than QQMNX's 1.72% yield.

	TTM	2025	2024	2023	2022	2021
EBSIX Campbell Systematic Macro Fund Class I Shares	2.95%	3.16%	2.90%	1.82%	15.10%	7.73%
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares	1.72%	1.74%	1.86%	5.94%	11.53%	20.33%

Drawdowns

EBSIX vs. QQMNX - Drawdown Comparison

The maximum EBSIX drawdown since its inception was -10.96%, smaller than the maximum QQMNX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for EBSIX and QQMNX.

Drawdown Indicators

	EBSIX	QQMNX	Difference
Max Drawdown Largest peak-to-trough decline	-10.96%	-17.50%	+6.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.43%	-4.37%	-3.06%
Max Drawdown (5Y) Largest decline over 5 years	-10.96%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.54%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.13%	-4.94%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	1.47%	+2.90%

Volatility

EBSIX vs. QQMNX - Volatility Comparison

Campbell Systematic Macro Fund Class I Shares (EBSIX) has a higher volatility of 3.12% compared to Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) at 1.01%. This indicates that EBSIX's price experiences larger fluctuations and is considered to be riskier than QQMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBSIX	QQMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	1.01%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	5.02%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	6.48%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	13.72%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.52%	13.72%	-4.20%