FTRBX vs. QAMNX
Compare and contrast key facts about Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) and Federated Hermes MDT Market Neutral A (QAMNX).
FTRBX is managed by Federated. It was launched on Oct 1, 1996. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
FTRBX vs. QAMNX - Performance Comparison
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FTRBX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | -0.85% | 7.60% | 2.03% | 5.20% | -13.13% | -0.68% |
QAMNX Federated Hermes MDT Market Neutral A | 2.07% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, FTRBX achieves a -0.85% return, which is significantly lower than QAMNX's 2.07% return.
FTRBX
- 1D
- 0.11%
- 1M
- -1.77%
- YTD
- -0.85%
- 6M
- 0.29%
- 1Y
- 3.71%
- 3Y*
- 3.65%
- 5Y*
- 0.33%
- 10Y*
- 2.33%
QAMNX
- 1D
- 0.70%
- 1M
- 0.65%
- YTD
- 2.07%
- 6M
- 7.31%
- 1Y
- 8.52%
- 3Y*
- 10.62%
- 5Y*
- —
- 10Y*
- —
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FTRBX vs. QAMNX - Expense Ratio Comparison
FTRBX has a 0.39% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
FTRBX vs. QAMNX — Risk / Return Rank
FTRBX
QAMNX
FTRBX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) 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.
| FTRBX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.34 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.31 | 2.07 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.06 | -0.66 |
Martin ratioReturn relative to average drawdown | 4.14 | 5.97 | -1.83 |
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
| FTRBX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.34 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.88 | +0.20 |
Correlation
The correlation between FTRBX and QAMNX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FTRBX vs. QAMNX - Dividend Comparison
FTRBX's dividend yield for the trailing twelve months is around 4.20%, more than QAMNX's 1.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | 4.20% | 4.52% | 4.47% | 3.84% | 2.47% | 3.43% | 4.66% | 3.38% | 3.49% | 3.21% | 3.35% | 3.53% |
QAMNX Federated Hermes MDT Market Neutral A | 1.50% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTRBX vs. QAMNX - Drawdown Comparison
The maximum FTRBX drawdown since its inception was -17.49%, roughly equal to the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for FTRBX and QAMNX.
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Drawdown Indicators
| FTRBX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -17.97% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -4.16% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | — | — |
Current DrawdownCurrent decline from peak | -2.07% | 0.00% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -5.25% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.44% | -0.49% |
Volatility
FTRBX vs. QAMNX - Volatility Comparison
Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) has a higher volatility of 1.37% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.24%. This indicates that FTRBX'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
| FTRBX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.24% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 4.92% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 6.41% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 14.04% | -8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 14.04% | -9.26% |