QALGX vs. FGSKX

Last updated Jun 23, 2026

QALGX (Federated Hermes MDT Large Cap Growth Fund Class A) and FGSKX (Federated Hermes MDT Mid Cap Growth Fund Class R6) are both mutual funds - QALGX is a Large Cap Growth Equities fund actively managed by Federated Hermes, while FGSKX is a Mid Cap Growth Equities fund actively managed by Federated Hermes. Both are actively managed. Over the past 10 years, QALGX returned 19.67%/yr vs 15.33%/yr for FGSKX. Their correlation of 0.93 suggests significant overlap in exposure. QALGX charges 1.00%/yr vs 0.84%/yr for FGSKX.

Performance

QALGX vs. FGSKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) and Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QALGX achieves a 5.10% return, which is significantly higher than FGSKX's -0.18% return. Over the past 10 years, QALGX has outperformed FGSKX with an annualized return of 19.67%, while FGSKX has yielded a comparatively lower 15.33% annualized return.

QALGX

• 1D: 1.43%
• 1M: -0.44%
• YTD: 5.10%
• 6M: 4.89%
• 1Y: 21.94%
• 3Y*: 25.42%
• 5Y*: 17.04%
• 10Y*: 19.67%

FGSKX

• 1D: 0.91%
• 1M: 0.38%
• YTD: -0.18%
• 6M: -1.07%
• 1Y: 3.66%
• 3Y*: 18.08%
• 5Y*: 10.04%
• 10Y*: 15.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QALGX vs. FGSKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	5.10%	19.14%	40.93%	39.32%	-25.07%	30.14%	38.00%	31.73%	1.24%	25.16%
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6	-0.18%	10.90%	33.36%	27.45%	-24.38%	22.74%	35.92%	28.35%	-3.00%	24.68%

Correlation

The correlation between QALGX and FGSKX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 12, 2006	0.93

The correlation between QALGX and FGSKX shifts across timeframes, from 0.76 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QALGX vs. FGSKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QALGX

QALGX Risk / Return Rank: 21
QALGX Sharpe Ratio Rank: 22
QALGX Sortino Ratio Rank: 21
QALGX Omega Ratio Rank: 27
QALGX Calmar Ratio Rank: 16
QALGX Martin Ratio Rank: 17

FGSKX

FGSKX Risk / Return Rank: 4
FGSKX Sharpe Ratio Rank: 4
FGSKX Sortino Ratio Rank: 4
FGSKX Omega Ratio Rank: 4
FGSKX Calmar Ratio Rank: 4
FGSKX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QALGX vs. FGSKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) and Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QALGX	FGSKX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.19	+1.07
Sortino ratio: Return per unit of downside risk	1.79	0.40	+1.40
Omega ratio: Gain probability vs. loss probability	1.26	1.05	+0.20
Calmar ratio: Return relative to maximum drawdown	1.35	0.23	+1.12
Martin ratio: Return relative to average drawdown	4.18	0.62	+3.56

QALGX vs. FGSKX - Sharpe Ratio Comparison

The current QALGX Sharpe Ratio is 1.25, which is higher than the FGSKX Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of QALGX and FGSKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QALGX vs. FGSKX - Drawdown Comparison

The maximum QALGX drawdown since its inception was -53.63%, roughly equal to the maximum FGSKX drawdown of -55.05%. Use the drawdown chart below to compare losses from any high point for QALGX and FGSKX.

Drawdown Indicators

	QALGX	FGSKX	Difference
Max Drawdown Largest peak-to-trough decline	-53.63%	-55.05%	+1.42%
Max Drawdown (1Y) Largest decline over 1 year	-15.86%	-14.01%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-25.02%	-24.47%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-30.12%	-35.68%	+5.56%
Max Drawdown (10Y) Largest decline over 10 years	-31.73%	-37.16%	+5.43%
Current Drawdown Current decline from peak	-4.14%	-5.18%	+1.04%
Average Drawdown Average peak-to-trough decline	-9.15%	-10.84%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	5.23%	-0.12%

Volatility

QALGX vs. FGSKX - Volatility Comparison

Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) has a higher volatility of 6.33% compared to Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) at 5.52%. This indicates that QALGX's price experiences larger fluctuations and is considered to be riskier than FGSKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QALGX	FGSKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	5.52%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	13.24%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	17.55%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	22.50%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.40%	22.41%	-1.01%

QALGX vs. FGSKX - Expense Ratio Comparison

QALGX has a 1.00% expense ratio, which is higher than FGSKX's 0.84% expense ratio.

Dividends

QALGX vs. FGSKX - Dividend Comparison

QALGX's dividend yield for the trailing twelve months is around 3.26%, less than FGSKX's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6	5.38%	5.37%	4.70%	0.00%	2.52%	28.15%	7.60%	8.72%	15.47%	14.82%	0.89%	26.74%
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	3.26%	3.42%	7.26%	1.59%	14.79%	20.92%	7.92%	5.33%	10.82%	7.70%	0.57%	12.13%

Frequently Asked Questions

Can I hold both QALGX and FGSKX in my portfolio?

QALGX and FGSKX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QALGX or FGSKX?

QALGX has higher volatility (6.33%) compared to FGSKX (5.52%). In terms of maximum drawdown, QALGX dropped -53.63% vs FGSKX's -55.05%.

Which has better risk-adjusted returns?

QALGX currently has the higher Sharpe Ratio (1.25 vs 0.19), 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.