FFRSX vs. QAMNX
Compare and contrast key facts about Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and Federated Hermes MDT Market Neutral A (QAMNX).
FFRSX is managed by Federated. It was launched on Dec 2, 2010. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
FFRSX vs. QAMNX - Performance Comparison
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FFRSX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | -0.72% | 5.61% | 6.71% | 8.04% | -5.85% | 1.01% |
QAMNX Federated Hermes MDT Market Neutral A | 1.36% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, FFRSX achieves a -0.72% return, which is significantly lower than QAMNX's 1.36% return.
FFRSX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- -0.72%
- 6M
- 0.69%
- 1Y
- 3.97%
- 3Y*
- 5.64%
- 5Y*
- 3.15%
- 10Y*
- 3.41%
QAMNX
- 1D
- -0.05%
- 1M
- -0.05%
- YTD
- 1.36%
- 6M
- 5.54%
- 1Y
- 7.82%
- 3Y*
- 10.36%
- 5Y*
- —
- 10Y*
- —
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FFRSX vs. QAMNX - Expense Ratio Comparison
FFRSX has a 0.68% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
FFRSX vs. QAMNX — Risk / Return Rank
FFRSX
QAMNX
FFRSX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) 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.
| FFRSX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.23 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.90 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.27 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.97 | +1.09 |
Martin ratioReturn relative to average drawdown | 11.11 | 5.71 | +5.40 |
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
| FFRSX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.23 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.87 | +0.32 |
Correlation
The correlation between FFRSX and QAMNX is 0.00, 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
FFRSX vs. QAMNX - Dividend Comparison
FFRSX's dividend yield for the trailing twelve months is around 5.61%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.61% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
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
FFRSX vs. QAMNX - Drawdown Comparison
The maximum FFRSX drawdown since its inception was -17.13%, roughly equal to the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for FFRSX and QAMNX.
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Drawdown Indicators
| FFRSX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -17.97% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -4.16% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.42% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -5.25% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.44% | -1.05% |
Volatility
FFRSX vs. QAMNX - Volatility Comparison
The current volatility for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) is 0.58%, while Federated Hermes MDT Market Neutral A (QAMNX) has a volatility of 1.03%. This indicates that FFRSX experiences smaller price fluctuations and is considered to be less risky 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
| FFRSX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.03% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 4.88% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 6.38% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 14.04% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 14.04% | -10.80% |