QAMNX vs. BTPIX
Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and Salient Tactical Plus Fund (BTPIX).
QAMNX is managed by Federated. It was launched on Sep 30, 2008. BTPIX is managed by Salient Funds. It was launched on Dec 30, 2012.
Performance
QAMNX vs. BTPIX - Performance Comparison
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QAMNX vs. BTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.41% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
BTPIX Salient Tactical Plus Fund | -1.76% | -2.44% | 3.17% | 4.22% | -1.65% | 2.51% |
Returns By Period
In the year-to-date period, QAMNX achieves a 1.41% return, which is significantly higher than BTPIX's -1.76% return.
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
BTPIX
- 1D
- -0.28%
- 1M
- -4.83%
- YTD
- -1.76%
- 6M
- -0.49%
- 1Y
- -1.03%
- 3Y*
- 1.13%
- 5Y*
- 1.35%
- 10Y*
- 3.26%
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QAMNX vs. BTPIX - Expense Ratio Comparison
QAMNX has a 1.86% expense ratio, which is higher than BTPIX's 1.08% expense ratio.
Return for Risk
QAMNX vs. BTPIX — Risk / Return Rank
QAMNX
BTPIX
QAMNX vs. BTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and Salient Tactical Plus Fund (BTPIX). 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.
| QAMNX | BTPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | -0.09 | +1.38 |
Sortino ratioReturn per unit of downside risk | 2.00 | -0.06 | +2.06 |
Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.23 | +2.03 |
Martin ratioReturn relative to average drawdown | 5.23 | -0.60 | +5.83 |
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
| QAMNX | BTPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | -0.09 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.43 | +0.44 |
Correlation
The correlation between QAMNX and BTPIX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QAMNX vs. BTPIX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.51%, less than BTPIX's 2.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BTPIX Salient Tactical Plus Fund | 2.86% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% |
Drawdowns
QAMNX vs. BTPIX - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -17.97%, which is greater than BTPIX's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for QAMNX and BTPIX.
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Drawdown Indicators
| QAMNX | BTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -13.30% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -6.84% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.04% | — |
Current DrawdownCurrent decline from peak | -0.37% | -6.75% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -3.90% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.61% | -1.17% |
Volatility
QAMNX vs. BTPIX - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 1.07%, while Salient Tactical Plus Fund (BTPIX) has a volatility of 2.33%. This indicates that QAMNX experiences smaller price fluctuations and is considered to be less risky than BTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QAMNX | BTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 2.33% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 8.04% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 8.79% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 6.09% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 8.62% | +5.43% |