EMDIX vs. QASGX
EMDIX (Federated Hermes Emerging Market Debt Fund Institutional Shares) and QASGX (Federated Hermes MDT Small Cap Growth Fund Class A) are both mutual funds - EMDIX is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Bond Index Global Diversified, while QASGX is a Small Cap Growth Equities fund actively managed by Federated. EMDIX is passively managed, while QASGX is actively managed. Over the past 10 years, EMDIX returned 4.61%/yr vs 12.51%/yr for QASGX. Their 0.31 correlation means their historical movements had little consistent relationship. EMDIX charges 0.94%/yr vs 1.14%/yr for QASGX.
Performance
EMDIX vs. QASGX - Performance Comparison
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Returns By Period
In the year-to-date period, EMDIX achieves a 2.51% return, which is significantly lower than QASGX's 18.79% return. Over the past 10 years, EMDIX has underperformed QASGX with an annualized return of 4.61%, while QASGX has yielded a comparatively higher 12.51% annualized return.
EMDIX
- 1D
- 0.11%
- 1M
- -0.85%
- 6M
- 0.31%
- YTD
- 2.51%
- 1Y
- 10.84%
- 3Y*
- 10.39%
- 5Y*
- 3.59%
- 10Y*
- 4.61%
- ALL TIME*
- 3.74%
QASGX
- 1D
- 2.11%
- 1M
- -2.68%
- 6M
- 13.06%
- YTD
- 18.79%
- 1Y
- 34.94%
- 3Y*
- 17.55%
- 5Y*
- 8.14%
- 10Y*
- 12.51%
- ALL TIME*
- 9.47%
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 |
EMDIX vs. QASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMDIX Federated Hermes Emerging Market Debt Fund Institutional Shares | 2.51% | 17.32% | 6.31% | 14.65% | -16.00% | -3.01% | 5.92% | 13.28% | -5.04% | 15.06% |
QASGX Federated Hermes MDT Small Cap Growth Fund Class A | 18.79% | 17.47% | 15.32% | 19.33% | -28.47% | 17.88% | 29.55% | 20.87% | -6.58% | 24.88% |
Correlation
The correlation between EMDIX and QASGX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012 | 0.31 |
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Return for Risk
EMDIX vs. QASGX — Risk / Return Rank
EMDIX
QASGX
EMDIX vs. QASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Emerging Market Debt Fund Institutional Shares (EMDIX) and Federated Hermes MDT Small Cap Growth Fund Class A (QASGX). 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.
| EMDIX | QASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.58 | -0.51 |
| Martin ratioReturn relative to average drawdown | 8.22 | 9.21 | -0.99 |
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Drawdowns
EMDIX vs. QASGX - Drawdown Comparison
The maximum EMDIX drawdown since its inception was -27.01%, smaller than the maximum QASGX drawdown of -60.88%. Use the drawdown chart below to compare losses from any high point for EMDIX and QASGX.
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Drawdown Indicators
| EMDIX | QASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.01% | -60.88% | +33.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -13.27% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.72% | -27.33% | +21.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.01% | -38.71% | +11.70% |
Max Drawdown (10Y)Largest decline over 10 years | -27.01% | -45.30% | +18.29% |
Current DrawdownCurrent decline from peak | -1.39% | -4.31% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -14.08% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.72% | -2.33% |
Volatility
EMDIX vs. QASGX - Volatility Comparison
The current volatility for Federated Hermes Emerging Market Debt Fund Institutional Shares (EMDIX) is 1.04%, while Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) has a volatility of 5.14%. This indicates that EMDIX experiences smaller price fluctuations and is considered to be less risky than QASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMDIX | QASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 5.14% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.78% | 16.24% | -11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 21.72% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 24.61% | -18.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.50% | 24.68% | -18.18% |
EMDIX vs. QASGX - Expense Ratio Comparison
EMDIX has a 0.94% expense ratio, which is lower than QASGX's 1.14% expense ratio.
Dividends
EMDIX vs. QASGX - Dividend Comparison
EMDIX's dividend yield for the trailing twelve months is around 3.06%, less than QASGX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMDIX Federated Hermes Emerging Market Debt Fund Institutional Shares | 3.06% | 0.29% | 2.83% | 3.13% | 5.61% | 2.17% | 3.71% | 2.08% | 4.25% | 7.78% | 3.38% | 4.17% |
QASGX Federated Hermes MDT Small Cap Growth Fund Class A | 3.57% | 4.24% | 0.00% | 0.00% | 3.33% | 31.38% | 0.47% | 0.00% | 7.34% | 5.29% | 1.67% | 19.08% |
Frequently Asked Questions
EMDIX and QASGX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QASGX has higher volatility (5.14%) compared to EMDIX (1.04%). In terms of maximum drawdown, EMDIX dropped -27.01% vs QASGX's -60.88%.
EMDIX currently has the higher Sharpe Ratio (2.16 vs 1.58), 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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