JAKRX vs. QAMNX
JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) and QAMNX (Federated Hermes MDT Market Neutral A) are both Long-Short funds. Over the past year, JAKRX returned 26.01% vs 3.27% for QAMNX. At a correlation of -0.04, they often move in opposite directions. JAKRX charges 1.91%/yr vs 1.86%/yr for QAMNX.
Performance
JAKRX vs. QAMNX - Performance Comparison
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Returns By Period
In the year-to-date period, JAKRX achieves a 12.80% return, which is significantly higher than QAMNX's 0.05% return.
JAKRX
- 1D
- -0.44%
- 1M
- 1.00%
- YTD
- 12.80%
- 6M
- 13.69%
- 1Y
- 26.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QAMNX
- 1D
- 0.19%
- 1M
- 0.76%
- YTD
- 0.05%
- 6M
- 2.49%
- 1Y
- 3.27%
- 3Y*
- 11.66%
- 5Y*
- —
- 10Y*
- —
JAKRX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 12.80% | 17.04% |
QAMNX Federated Hermes MDT Market Neutral A | 0.05% | 5.08% |
Correlation
The correlation between JAKRX and QAMNX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.04 |
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Return for Risk
JAKRX vs. QAMNX — Risk / Return Rank
JAKRX
QAMNX
JAKRX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) 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.
| JAKRX | QAMNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.07 | ||
| Sortino ratioReturn per unit of downside risk | +4.31 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.10 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | 0.80 | +4.34 |
| Martin ratioReturn relative to average drawdown | 18.09 | 1.84 | +16.24 |
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
| JAKRX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.58 | 0.50 | +3.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.97 | 0.82 | +3.14 |
Drawdowns
JAKRX vs. QAMNX - Drawdown Comparison
The maximum JAKRX drawdown since its inception was -5.16%, smaller than the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for JAKRX and QAMNX.
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Drawdown Indicators
| JAKRX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | -17.97% | +12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -4.16% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.16% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.98% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -5.15% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.81% | -0.35% |
Volatility
JAKRX vs. QAMNX - Volatility Comparison
John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) has a higher volatility of 2.41% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 2.22%. This indicates that JAKRX'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
| JAKRX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.22% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 5.11% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 6.61% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 13.86% | -6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 13.86% | -6.57% |
JAKRX vs. QAMNX - Expense Ratio Comparison
JAKRX has a 1.91% expense ratio, which is higher than QAMNX's 1.86% expense ratio.
Dividends
JAKRX vs. QAMNX - Dividend Comparison
JAKRX's dividend yield for the trailing twelve months is around 7.18%, more than QAMNX's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.18% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% |
QAMNX Federated Hermes MDT Market Neutral A | 1.53% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% |
Frequently Asked Questions
JAKRX 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.
JAKRX has higher volatility (2.41%) compared to QAMNX (2.22%). In terms of maximum drawdown, JAKRX dropped -5.16% vs QAMNX's -17.97%.
JAKRX currently has the higher Sharpe Ratio (3.58 vs 0.50), 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.
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