FISPX vs. QAMNX
Compare and contrast key facts about Federated Hermes Max Cap Index Fund (FISPX) and Federated Hermes MDT Market Neutral A (QAMNX).
FISPX is managed by Federated. It was launched on Jul 11, 1990. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
FISPX vs. QAMNX - Performance Comparison
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FISPX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FISPX Federated Hermes Max Cap Index Fund | -4.25% | 17.57% | 24.47% | 26.27% | -18.87% | 9.10% |
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, FISPX achieves a -4.25% return, which is significantly lower than QAMNX's 1.36% return.
FISPX
- 1D
- 2.90%
- 1M
- -4.92%
- YTD
- -4.25%
- 6M
- -2.06%
- 1Y
- 17.21%
- 3Y*
- 18.14%
- 5Y*
- 11.43%
- 10Y*
- 13.76%
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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FISPX vs. QAMNX - Expense Ratio Comparison
FISPX has a 0.37% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
FISPX vs. QAMNX — Risk / Return Rank
FISPX
QAMNX
FISPX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Max Cap Index Fund (FISPX) 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.
| FISPX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.23 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.90 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.97 | -1.23 |
Martin ratioReturn relative to average drawdown | 3.41 | 5.71 | -2.30 |
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
| FISPX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.23 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.87 | -0.32 |
Correlation
The correlation between FISPX and QAMNX is 0.07, 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
FISPX vs. QAMNX - Dividend Comparison
FISPX's dividend yield for the trailing twelve months is around 8.39%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISPX Federated Hermes Max Cap Index Fund | 8.39% | 8.03% | 12.57% | 22.88% | 16.35% | 16.48% | 23.53% | 15.79% | 47.85% | 25.80% | 18.45% | 14.91% |
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
FISPX vs. QAMNX - Drawdown Comparison
The maximum FISPX drawdown since its inception was -54.64%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for FISPX and QAMNX.
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Drawdown Indicators
| FISPX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.64% | -17.97% | -36.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -4.16% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -6.12% | -0.42% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -5.25% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.44% | +1.79% |
Volatility
FISPX vs. QAMNX - Volatility Comparison
Federated Hermes Max Cap Index Fund (FISPX) has a higher volatility of 5.09% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.03%. This indicates that FISPX'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
| FISPX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.03% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 4.88% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 6.38% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 14.04% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 14.04% | +6.13% |