QALGX vs. QKACX

Last updated Jun 24, 2026

QALGX (Federated Hermes MDT Large Cap Growth Fund Class A) and QKACX (Federated Hermes MDT All Cap Core Fund Class R6) are both mutual funds - QALGX is a Large Cap Growth Equities fund actively managed by Federated Hermes, while QKACX is a Large Cap Blend Equities fund actively managed by Federated Hermes. Both are actively managed. Over the past 10 years, QALGX returned 19.93%/yr vs 17.18%/yr for QKACX. Their correlation of 0.94 suggests significant overlap in exposure. QALGX charges 1.00%/yr vs 0.73%/yr for QKACX.

Performance

QALGX vs. QKACX - 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 All Cap Core Fund Class R6 (QKACX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QALGX achieves a 4.25% return, which is significantly lower than QKACX's 5.67% return. Over the past 10 years, QALGX has outperformed QKACX with an annualized return of 19.93%, while QKACX has yielded a comparatively lower 17.18% annualized return.

QALGX

• 1D: -0.81%
• 1M: -1.25%
• YTD: 4.25%
• 6M: 4.03%
• 1Y: 19.60%
• 3Y*: 25.55%
• 5Y*: 16.43%
• 10Y*: 19.93%

QKACX

• 1D: -0.24%
• 1M: -0.47%
• YTD: 5.67%
• 6M: 5.57%
• 1Y: 20.10%
• 3Y*: 23.79%
• 5Y*: 15.20%
• 10Y*: 17.18%

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

QALGX vs. QKACX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	4.25%	19.14%	40.93%	39.32%	-25.07%	30.14%	38.00%	31.73%	1.24%	25.16%
QKACX Federated Hermes MDT All Cap Core Fund Class R6	5.67%	21.16%	31.05%	23.55%	-14.17%	31.45%	22.00%	26.88%	-2.65%	21.15%

Correlation

The correlation between QALGX and QKACX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.94

The correlation between QALGX and QKACX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

QALGX vs. QKACX — 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

QKACX

QKACX Risk / Return Rank: 47
QKACX Sharpe Ratio Rank: 39
QKACX Sortino Ratio Rank: 40
QKACX Omega Ratio Rank: 49
QKACX Calmar Ratio Rank: 46
QKACX Martin Ratio Rank: 59

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. QKACX - 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 All Cap Core Fund Class R6 (QKACX). 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	QKACX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.70	-0.47
Sortino ratio: Return per unit of downside risk	1.76	2.46	-0.69
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	1.33	2.47	-1.14
Martin ratio: Return relative to average drawdown	4.10	10.99	-6.89

QALGX vs. QKACX - Sharpe Ratio Comparison

The current QALGX Sharpe Ratio is 1.23, which is comparable to the QKACX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of QALGX and QKACX, 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. QKACX - Drawdown Comparison

The maximum QALGX drawdown since its inception was -53.63%, smaller than the maximum QKACX drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for QALGX and QKACX.

Drawdown Indicators

	QALGX	QKACX	Difference
Max Drawdown Largest peak-to-trough decline	-53.63%	-60.51%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-15.86%	-8.66%	-7.20%
Max Drawdown (3Y) Largest decline over 3 years	-25.02%	-19.42%	-5.60%
Max Drawdown (5Y) Largest decline over 5 years	-30.12%	-23.05%	-7.07%
Max Drawdown (10Y) Largest decline over 10 years	-31.73%	-36.47%	+4.74%
Current Drawdown Current decline from peak	-4.91%	-2.20%	-2.71%
Average Drawdown Average peak-to-trough decline	-9.15%	-11.18%	+2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	1.94%	+3.18%

Volatility

QALGX vs. QKACX - Volatility Comparison

Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) has a higher volatility of 6.25% compared to Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) at 4.39%. This indicates that QALGX's price experiences larger fluctuations and is considered to be riskier than QKACX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QALGX	QKACX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	4.39%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	10.11%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.10%	12.62%	+4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	17.44%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	18.73%	+2.68%

QALGX vs. QKACX - Expense Ratio Comparison

QALGX has a 1.00% expense ratio, which is higher than QKACX's 0.73% expense ratio.

Dividends

QALGX vs. QKACX - Dividend Comparison

QALGX's dividend yield for the trailing twelve months is around 3.28%, less than QKACX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	3.28%	3.42%	7.26%	1.59%	14.79%	20.92%	7.92%	5.33%	10.82%	7.70%	0.57%	12.13%
QKACX Federated Hermes MDT All Cap Core Fund Class R6	4.47%	4.72%	8.90%	1.45%	11.20%	17.85%	3.09%	3.41%	8.83%	0.74%	0.00%	0.52%

Frequently Asked Questions

Can I hold both QALGX and QKACX in my portfolio?

QALGX and QKACX have a correlation of 0.89, 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 QKACX?

QALGX has higher volatility (6.25%) compared to QKACX (4.39%). In terms of maximum drawdown, QALGX dropped -53.63% vs QKACX's -60.51%.

Which has better risk-adjusted returns?

QKACX currently has the higher Sharpe Ratio (1.70 vs 1.23), 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.