QALGX vs. FHYTX
QALGX (Federated Hermes MDT Large Cap Growth Fund Class A) and FHYTX (Federated Hermes Opportunistic High Yield Bond Fund) are both mutual funds - QALGX is a Large Cap Growth Equities fund actively managed by Federated, while FHYTX is a High Yield Bonds fund managed by Federated. Over the past 10 years, QALGX returned 18.99%/yr vs 6.00%/yr for FHYTX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. QALGX charges 1.00%/yr vs 0.98%/yr for FHYTX.
Performance
QALGX vs. FHYTX - Performance Comparison
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Returns By Period
In the year-to-date period, QALGX achieves a 2.67% return, which is significantly higher than FHYTX's 1.32% return. Over the past 10 years, QALGX has outperformed FHYTX with an annualized return of 18.99%, while FHYTX has yielded a comparatively lower 6.00% annualized return.
QALGX
- 1D
- 0.25%
- 1M
- -1.52%
- 6M
- 4.90%
- YTD
- 2.67%
- 1Y
- 10.24%
- 3Y*
- 22.79%
- 5Y*
- 14.79%
- 10Y*
- 18.99%
- ALL TIME*
- 11.92%
FHYTX
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 1.19%
- YTD
- 1.32%
- 1Y
- 4.57%
- 3Y*
- 7.39%
- 5Y*
- 2.99%
- 10Y*
- 6.00%
- ALL TIME*
- 6.13%
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. FHYTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QALGX Federated Hermes MDT Large Cap Growth Fund Class A | 2.67% | 19.14% | 40.93% | 39.32% | -25.07% | 30.14% | 38.00% | 31.73% | 1.24% | 25.16% |
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 1.32% | 8.40% | 6.24% | 13.22% | -13.45% | 7.37% | 6.72% | 15.34% | -4.66% | 7.46% |
Correlation
The correlation between QALGX and FHYTX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.52 |
The correlation between QALGX and FHYTX has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
QALGX vs. FHYTX — Risk / Return Rank
QALGX
FHYTX
QALGX vs. FHYTX - 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 Opportunistic High Yield Bond Fund (FHYTX). 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 | FHYTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.66 | -1.03 |
| Martin ratioReturn relative to average drawdown | 1.81 | 7.65 | -5.84 |
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Drawdowns
QALGX vs. FHYTX - Drawdown Comparison
The maximum QALGX drawdown since its inception was -53.63%, which is greater than FHYTX's maximum drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for QALGX and FHYTX.
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Drawdown Indicators
| QALGX | FHYTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.63% | -34.98% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.86% | -2.76% | -13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.02% | -4.12% | -20.90% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -17.04% | -13.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.73% | -24.18% | -7.55% |
Current DrawdownCurrent decline from peak | -6.36% | -0.62% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -4.51% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 0.60% | +4.86% |
Volatility
QALGX vs. FHYTX - Volatility Comparison
Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) has a higher volatility of 6.00% compared to Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) at 0.72%. This indicates that QALGX's price experiences larger fluctuations and is considered to be riskier than FHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QALGX | FHYTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 0.72% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 2.86% | +11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 3.63% | +14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 5.66% | +15.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 7.22% | +14.20% |
QALGX vs. FHYTX - Expense Ratio Comparison
QALGX has a 1.00% expense ratio, which is higher than FHYTX's 0.98% expense ratio.
Dividends
QALGX vs. FHYTX - Dividend Comparison
QALGX's dividend yield for the trailing twelve months is around 3.33%, less than FHYTX's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHYTX Federated Hermes Opportunistic High Yield Bond Fund | 4.79% | 5.19% | 4.91% | 5.42% | 4.40% | 3.95% | 4.67% | 5.01% | 6.71% | 4.68% | 14.56% | 5.28% |
QALGX Federated Hermes MDT Large Cap Growth Fund Class A | 3.33% | 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 FHYTX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QALGX has higher volatility (6.00%) compared to FHYTX (0.72%). In terms of maximum drawdown, QALGX dropped -53.63% vs FHYTX's -34.98%.
FHYTX currently has the higher Sharpe Ratio (1.27 vs 0.55), 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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