IHIAX vs. QIACX
Compare and contrast key facts about Federated Hermes Emerging Market Debt Fund (IHIAX) and Federated Hermes MDT All Cap Core Fund (QIACX).
IHIAX is managed by Federated. It was launched on Oct 1, 1996. QIACX is managed by Federated. It was launched on Oct 1, 2002.
Performance
IHIAX vs. QIACX - Performance Comparison
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IHIAX vs. QIACX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHIAX Federated Hermes Emerging Market Debt Fund | -2.34% | 17.06% | 6.06% | 14.41% | -16.21% | -3.26% | 5.79% | 12.89% | -5.18% | 10.36% |
QIACX Federated Hermes MDT All Cap Core Fund | -4.89% | 21.15% | 31.07% | 23.52% | -14.16% | 31.40% | 21.95% | 26.91% | -2.64% | 21.07% |
Returns By Period
In the year-to-date period, IHIAX achieves a -2.34% return, which is significantly higher than QIACX's -4.89% return. Over the past 10 years, IHIAX has underperformed QIACX with an annualized return of 3.65%, while QIACX has yielded a comparatively higher 15.59% annualized return.
IHIAX
- 1D
- 0.69%
- 1M
- -3.86%
- YTD
- -2.34%
- 6M
- 1.02%
- 1Y
- 11.65%
- 3Y*
- 10.87%
- 5Y*
- 3.18%
- 10Y*
- 3.65%
QIACX
- 1D
- 3.03%
- 1M
- -4.69%
- YTD
- -4.89%
- 6M
- -1.60%
- 1Y
- 18.54%
- 3Y*
- 20.52%
- 5Y*
- 14.45%
- 10Y*
- 15.59%
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IHIAX vs. QIACX - Expense Ratio Comparison
IHIAX has a 1.18% expense ratio, which is higher than QIACX's 0.75% expense ratio.
Return for Risk
IHIAX vs. QIACX — Risk / Return Rank
IHIAX
QIACX
IHIAX vs. QIACX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Emerging Market Debt Fund (IHIAX) and Federated Hermes MDT All Cap Core Fund (QIACX). 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.
| IHIAX | QIACX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.15 | +1.17 |
Sortino ratioReturn per unit of downside risk | 2.91 | 1.67 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.28 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.38 | +0.83 |
Martin ratioReturn relative to average drawdown | 9.95 | 6.70 | +3.25 |
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
| IHIAX | QIACX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.15 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.84 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.84 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.55 | +0.37 |
Correlation
The correlation between IHIAX and QIACX is 0.30, 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
IHIAX vs. QIACX - Dividend Comparison
IHIAX's dividend yield for the trailing twelve months is around 0.81%, less than QIACX's 4.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHIAX Federated Hermes Emerging Market Debt Fund | 0.81% | 0.28% | 2.60% | 2.92% | 5.36% | 1.91% | 3.48% | 1.85% | 3.99% | 3.78% | 3.13% | 3.91% |
QIACX Federated Hermes MDT All Cap Core Fund | 4.81% | 4.58% | 8.65% | 1.40% | 10.90% | 17.44% | 3.01% | 3.34% | 8.60% | 0.69% | 1.12% | 1.25% |
Drawdowns
IHIAX vs. QIACX - Drawdown Comparison
The maximum IHIAX drawdown since its inception was -36.42%, smaller than the maximum QIACX drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for IHIAX and QIACX.
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Drawdown Indicators
| IHIAX | QIACX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.42% | -60.11% | +23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -11.99% | +6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.24% | -23.05% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -27.24% | -36.47% | +9.23% |
Current DrawdownCurrent decline from peak | -5.11% | -5.88% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -9.36% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.46% | -1.18% |
Volatility
IHIAX vs. QIACX - Volatility Comparison
The current volatility for Federated Hermes Emerging Market Debt Fund (IHIAX) is 2.68%, while Federated Hermes MDT All Cap Core Fund (QIACX) has a volatility of 5.39%. This indicates that IHIAX experiences smaller price fluctuations and is considered to be less risky than QIACX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHIAX | QIACX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 5.39% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 9.95% | -6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 16.22% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 17.39% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 18.72% | -12.23% |