FGSKX vs. QAMNX
FGSKX (Federated Hermes MDT Mid Cap Growth Fund Class R6) and QAMNX (Federated Hermes MDT Market Neutral A) are both mutual funds - FGSKX is a Mid Cap Growth Equities fund actively managed by Federated, while QAMNX is a Long-Short fund managed by Federated. Over the past 3 years, FGSKX returned 15.86%/yr vs 12.11%/yr for QAMNX. Their 0.13 correlation means their historical movements had little consistent relationship. FGSKX charges 0.84%/yr vs 1.86%/yr for QAMNX.
Performance
FGSKX vs. QAMNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGSKX achieves a -0.65% return, which is significantly lower than QAMNX's 4.61% return.
FGSKX
- 1D
- 2.57%
- 1M
- -1.51%
- 6M
- 0.27%
- YTD
- -0.65%
- 1Y
- -1.59%
- 3Y*
- 15.86%
- 5Y*
- 8.20%
- 10Y*
- 14.83%
- ALL TIME*
- 9.81%
QAMNX
- 1D
- 0.54%
- 1M
- 3.68%
- 6M
- 5.25%
- YTD
- 4.61%
- 1Y
- 8.81%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
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 |
FGSKX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6 | -0.65% | 10.90% | 33.36% | 27.45% | -24.38% | 2.32% |
QAMNX Federated Hermes MDT Market Neutral A | 4.61% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Correlation
The correlation between FGSKX 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. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.13 |
The correlation between FGSKX and QAMNX shifts across timeframes, from 0.05 (1 year) to 0.16 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGSKX vs. QAMNX — Risk / Return Rank
FGSKX
QAMNX
FGSKX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) 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.
| FGSKX | QAMNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.27 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.18 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.18 | 4.83 | -5.01 |
Loading charts...
Drawdowns
FGSKX vs. QAMNX - Drawdown Comparison
The maximum FGSKX drawdown since its inception was -55.05%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for FGSKX and QAMNX.
Loading charts...
Drawdown Indicators
| FGSKX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -17.97% | -37.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -4.16% | -9.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -4.16% | -20.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | — | — |
Current DrawdownCurrent decline from peak | -5.62% | 0.00% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -5.03% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 1.87% | +3.66% |
Volatility
FGSKX vs. QAMNX - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) has a higher volatility of 4.98% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.55%. This indicates that FGSKX'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.
Loading charts...
Volatility by Period
| FGSKX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 1.55% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 4.50% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 6.74% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 13.68% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 13.68% | +8.66% |
FGSKX vs. QAMNX - Expense Ratio Comparison
FGSKX has a 0.84% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Dividends
FGSKX vs. QAMNX - Dividend Comparison
FGSKX's dividend yield for the trailing twelve months is around 5.40%, more than QAMNX's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6 | 5.40% | 5.37% | 4.70% | 0.00% | 2.52% | 28.15% | 7.60% | 8.72% | 15.47% | 14.82% | 0.89% | 26.74% |
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
FGSKX 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.
FGSKX has higher volatility (4.98%) compared to QAMNX (1.55%). In terms of maximum drawdown, FGSKX dropped -55.05% vs QAMNX's -17.97%.
QAMNX currently has the higher Sharpe Ratio (1.34 vs -0.06), 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.
Find the right allocation for FGSKX and QAMNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer