QALGX vs. FGSKX
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, while FGSKX is a Mid Cap Growth Equities fund actively managed by Federated. Both are actively managed. Over the past 10 years, QALGX returned 18.76%/yr vs 14.83%/yr for FGSKX. Their correlation of 0.93 means they have usually moved in the same direction. QALGX charges 1.00%/yr vs 0.84%/yr for FGSKX.
Performance
QALGX vs. FGSKX - Performance Comparison
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Returns By Period
In the year-to-date period, QALGX achieves a 2.41% return, which is significantly higher than FGSKX's -0.65% return. Over the past 10 years, QALGX has outperformed FGSKX with an annualized return of 18.76%, while FGSKX has yielded a comparatively lower 14.83% annualized return.
QALGX
- 1D
- 3.27%
- 1M
- -1.76%
- 6M
- 4.33%
- YTD
- 2.41%
- 1Y
- 9.96%
- 3Y*
- 22.64%
- 5Y*
- 14.73%
- 10Y*
- 18.76%
- ALL TIME*
- 11.91%
FGSKX
- 1D
- 2.57%
- 1M
- -1.51%
- 6M
- 0.27%
- YTD
- -0.65%
- 1Y
- -1.59%
- 3Y*
- 15.86%
- 5Y*
- 8.20%
- 10Y*
- 14.83%
- ALL TIME*
- 9.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
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 | 2.41% | 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 | -0.65% | 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 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.77 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QALGX vs. FGSKX — Risk / Return Rank
QALGX
FGSKX
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 ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.07 | +0.71 |
| Martin ratioReturn relative to average drawdown | 1.86 | -0.18 | +2.04 |
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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.
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Drawdown Indicators
| QALGX | FGSKX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -6.59% | -5.62% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -10.81% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 5.53% | -0.08% |
Volatility
QALGX vs. FGSKX - Volatility Comparison
Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) has a higher volatility of 6.02% compared to Federated Hermes MDT Mid Cap Growth Fund Class R6 (FGSKX) at 4.98%. 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.
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Volatility by Period
| QALGX | FGSKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.98% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.13% | 13.48% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 18.00% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 22.55% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 22.34% | -0.92% |
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 3.34%, less than FGSKX's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSKX Federated Hermes MDT Mid Cap Growth Fund Class R6 | 5.40% | 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 | 3.34% | 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
QALGX and FGSKX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QALGX has higher volatility (6.02%) compared to FGSKX (4.98%). In terms of maximum drawdown, QALGX dropped -53.63% vs FGSKX's -55.05%.
QALGX currently has the higher Sharpe Ratio (0.56 vs -0.06), 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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