GONIX vs. QQMNX
Compare and contrast key facts about Gotham Neutral Fund Institutional Class (GONIX) and Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX).
GONIX is an actively managed fund by Gotham. It was launched on Aug 30, 2013. QQMNX is an actively managed fund by Federated. It was launched on Sep 30, 2008.
Performance
GONIX vs. QQMNX - Performance Comparison
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GONIX vs. QQMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GONIX Gotham Neutral Fund Institutional Class | -1.13% | 7.13% | 17.70% | 10.06% | 6.59% | 9.13% |
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares | 1.46% | 10.27% | 17.59% | 4.96% | 9.47% | 12.38% |
Returns By Period
In the year-to-date period, GONIX achieves a -1.13% return, which is significantly lower than QQMNX's 1.46% return.
GONIX
- 1D
- 0.27%
- 1M
- 0.68%
- YTD
- -1.13%
- 6M
- 1.09%
- 1Y
- 4.21%
- 3Y*
- 11.12%
- 5Y*
- 10.45%
- 10Y*
- 3.93%
QQMNX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 1.46%
- 6M
- 5.72%
- 1Y
- 8.14%
- 3Y*
- 10.63%
- 5Y*
- —
- 10Y*
- —
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GONIX vs. QQMNX - Expense Ratio Comparison
GONIX has a 1.51% expense ratio, which is lower than QQMNX's 1.86% expense ratio.
Return for Risk
GONIX vs. QQMNX — Risk / Return Rank
GONIX
QQMNX
GONIX vs. QQMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Neutral Fund Institutional Class (GONIX) and Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX). 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.
| GONIX | QQMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.26 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.93 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.86 | -0.72 |
Martin ratioReturn relative to average drawdown | 2.71 | 5.54 | -2.82 |
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
| GONIX | QQMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.26 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.91 | -0.42 |
Correlation
The correlation between GONIX and QQMNX is 0.29, 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
GONIX vs. QQMNX - Dividend Comparison
GONIX's dividend yield for the trailing twelve months is around 0.14%, less than QQMNX's 1.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GONIX Gotham Neutral Fund Institutional Class | 0.14% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% |
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares | 1.72% | 1.74% | 1.86% | 5.94% | 11.53% | 20.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GONIX vs. QQMNX - Drawdown Comparison
The maximum GONIX drawdown since its inception was -24.52%, which is greater than QQMNX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GONIX and QQMNX.
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Drawdown Indicators
| GONIX | QQMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.52% | -17.50% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -4.37% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -6.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.46% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.54% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -4.94% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.47% | +0.27% |
Volatility
GONIX vs. QQMNX - Volatility Comparison
Gotham Neutral Fund Institutional Class (GONIX) has a higher volatility of 1.77% compared to Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) at 1.01%. This indicates that GONIX's price experiences larger fluctuations and is considered to be riskier than QQMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GONIX | QQMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.01% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 5.02% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.71% | 6.48% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 13.72% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 13.72% | -7.25% |