QAMNX vs. PHSWX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and Parvin Hedged Equity Solari World Fund (PHSWX).

QAMNX is managed by Federated. It was launched on Sep 30, 2008. PHSWX is managed by Parvin Funds. It was launched on Jan 27, 2021.

Performance

QAMNX vs. PHSWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral A (QAMNX) and Parvin Hedged Equity Solari World Fund (PHSWX). The values are adjusted to include any dividend payments, if applicable.

QAMNX vs. PHSWX - 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%
PHSWX Parvin Hedged Equity Solari World Fund	4.82%	22.65%	1.35%	1.80%	-12.69%	3.58%

Returns By Period

In the year-to-date period, QAMNX achieves a 1.41% return, which is significantly lower than PHSWX's 4.82% return.

QAMNX

• 1D: 0.33%
• 1M: -0.28%
• YTD: 1.41%
• 6M: 5.59%
• 1Y: 7.87%
• 3Y*: 10.38%
• 5Y*: —
• 10Y*: —

PHSWX

• 1D: -0.36%
• 1M: -11.50%
• YTD: 4.82%
• 6M: 5.04%
• 1Y: 19.46%
• 3Y*: 8.80%
• 5Y*: 3.75%
• 10Y*: —

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

QAMNX vs. PHSWX - Expense Ratio Comparison

QAMNX has a 1.86% expense ratio, which is higher than PHSWX's 0.01% expense ratio.

QAMNX

Federated Hermes MDT Market Neutral A

PHSWX

Parvin Hedged Equity Solari World Fund

Return for Risk

QAMNX vs. PHSWX — Risk / Return Rank

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

QAMNX

QAMNX Risk / Return Rank: 72
QAMNX Sharpe Ratio Rank: 74
QAMNX Sortino Ratio Rank: 80
QAMNX Omega Ratio Rank: 76
QAMNX Calmar Ratio Rank: 77
QAMNX Martin Ratio Rank: 54

PHSWX

PHSWX Risk / Return Rank: 60
PHSWX Sharpe Ratio Rank: 70
PHSWX Sortino Ratio Rank: 68
PHSWX Omega Ratio Rank: 57
PHSWX Calmar Ratio Rank: 55
PHSWX Martin Ratio Rank: 50

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.

QAMNX vs. PHSWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and Parvin Hedged Equity Solari World Fund (PHSWX). 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	PHSWX	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.24	+0.05
Sortino ratio Return per unit of downside risk	2.00	1.71	+0.28
Omega ratio Gain probability vs. loss probability	1.28	1.22	+0.06
Calmar ratio Return relative to maximum drawdown	1.81	1.31	+0.49
Martin ratio Return relative to average drawdown	5.23	4.99	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QAMNX vs. PHSWX - Sharpe Ratio Comparison

The current QAMNX Sharpe Ratio is 1.30, which is comparable to the PHSWX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of QAMNX and PHSWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QAMNX	PHSWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.24	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.00	+0.87

Correlation

The correlation between QAMNX and PHSWX is -0.02. 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. PHSWX - Dividend Comparison

QAMNX's dividend yield for the trailing twelve months is around 1.51%, more than PHSWX's 0.46% yield.

	TTM	2025	2024	2023	2022	2021
QAMNX Federated Hermes MDT Market Neutral A	1.51%	1.53%	1.85%	5.89%	11.74%	20.80%
PHSWX Parvin Hedged Equity Solari World Fund	0.46%	0.49%	1.12%	2.04%	2.24%	2.02%

Drawdowns

QAMNX vs. PHSWX - Drawdown Comparison

The maximum QAMNX drawdown since its inception was -17.97%, smaller than the maximum PHSWX drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for QAMNX and PHSWX.

Drawdown Indicators

	QAMNX	PHSWX	Difference
Max Drawdown Largest peak-to-trough decline	-17.97%	-94.47%	+76.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-14.06%	+9.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.47%	—
Current Drawdown Current decline from peak	-0.37%	-93.08%	+92.71%
Average Drawdown Average peak-to-trough decline	-5.26%	-27.28%	+22.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	3.70%	-2.26%

Volatility

QAMNX vs. PHSWX - Volatility Comparison

The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 1.07%, while Parvin Hedged Equity Solari World Fund (PHSWX) has a volatility of 6.32%. This indicates that QAMNX experiences smaller price fluctuations and is considered to be less risky than PHSWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QAMNX	PHSWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	6.32%	-5.25%
Volatility (6M) Calculated over the trailing 6-month period	4.88%	13.14%	-8.26%
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	15.44%	-9.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	1,067.69%	-1,053.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	1,043.51%	-1,029.46%