PWLIX vs. QAMNX
Compare and contrast key facts about PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) and Federated Hermes MDT Market Neutral A (QAMNX).
PWLIX is managed by PIMCO. It was launched on Dec 3, 2014. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
PWLIX vs. QAMNX - Performance Comparison
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PWLIX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | 4.64% | 4.65% | 4.04% | 4.33% | 3.85% |
QAMNX Federated Hermes MDT Market Neutral A | 1.41% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, PWLIX achieves a 9.51% return, which is significantly higher than QAMNX's 1.41% return.
PWLIX
- 1D
- 1.13%
- 1M
- 0.50%
- YTD
- 9.51%
- 6M
- 8.92%
- 1Y
- 6.36%
- 3Y*
- 8.08%
- 5Y*
- 7.13%
- 10Y*
- 5.83%
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
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PWLIX vs. QAMNX - Expense Ratio Comparison
PWLIX has a 1.19% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
PWLIX vs. QAMNX — Risk / Return Rank
PWLIX
QAMNX
PWLIX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) 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.
| PWLIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.30 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.14 | 2.00 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.81 | -0.43 |
Martin ratioReturn relative to average drawdown | 2.63 | 5.23 | -2.60 |
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
| PWLIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.30 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.87 | -0.33 |
Correlation
The correlation between PWLIX and QAMNX is 0.05, 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
PWLIX vs. QAMNX - Dividend Comparison
PWLIX's dividend yield for the trailing twelve months is around 6.07%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 6.07% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
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% | 0.00% |
Drawdowns
PWLIX vs. QAMNX - Drawdown Comparison
The maximum PWLIX drawdown since its inception was -26.92%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for PWLIX and QAMNX.
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Drawdown Indicators
| PWLIX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.92% | -17.97% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -4.16% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -11.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.92% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -5.26% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.44% | +1.59% |
Volatility
PWLIX vs. QAMNX - Volatility Comparison
PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a higher volatility of 2.39% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.07%. This indicates that PWLIX'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
| PWLIX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.07% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 4.88% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.04% | 6.39% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 14.05% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 14.05% | -5.11% |