LONGX vs. QAMNX
Compare and contrast key facts about Longboard Alternative Growth Fund (LONGX) and Federated Hermes MDT Market Neutral A (QAMNX).
LONGX is managed by Longboard. It was launched on Mar 15, 2015. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
LONGX vs. QAMNX - Performance Comparison
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LONGX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 2.14% | 1.49% | 14.95% | 5.64% | -13.21% | 5.09% |
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, LONGX achieves a 2.14% return, which is significantly higher than QAMNX's 1.36% return.
LONGX
- 1D
- 1.80%
- 1M
- -4.43%
- YTD
- 2.14%
- 6M
- 1.80%
- 1Y
- 5.52%
- 3Y*
- 8.70%
- 5Y*
- 3.36%
- 10Y*
- 23.85%
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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LONGX vs. QAMNX - Expense Ratio Comparison
LONGX has a 1.99% expense ratio, which is higher than QAMNX's 1.86% expense ratio.
Return for Risk
LONGX vs. QAMNX — Risk / Return Rank
LONGX
QAMNX
LONGX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longboard Alternative Growth Fund (LONGX) 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.
| LONGX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.23 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.90 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.97 | -1.11 |
Martin ratioReturn relative to average drawdown | 2.71 | 5.71 | -3.00 |
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
| LONGX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.23 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.87 | -0.71 |
Correlation
The correlation between LONGX 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
LONGX vs. QAMNX - Dividend Comparison
LONGX has not paid dividends to shareholders, while QAMNX's dividend yield for the trailing twelve months is around 1.51%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 0.00% | 0.00% | 0.00% | 5.40% | 7.64% | 1.73% | 0.00% | 0.00% | 3.10% | 268.50% | 23.29% |
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% |
Drawdowns
LONGX vs. QAMNX - Drawdown Comparison
The maximum LONGX drawdown since its inception was -77.16%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for LONGX and QAMNX.
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Drawdown Indicators
| LONGX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -17.97% | -59.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -4.16% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.16% | — | — |
Current DrawdownCurrent decline from peak | -4.85% | -0.42% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -5.25% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.44% | +0.84% |
Volatility
LONGX vs. QAMNX - Volatility Comparison
Longboard Alternative Growth Fund (LONGX) has a higher volatility of 4.55% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.03%. This indicates that LONGX'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
| LONGX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 1.03% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 4.88% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 6.38% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 14.04% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.75% | 14.04% | +123.71% |