QAMNX vs. QLEIX
Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and AQR Long-Short Equity Fund (QLEIX).
QAMNX is managed by Federated. It was launched on Sep 30, 2008. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAMNX or QLEIX.
Correlation
The correlation between QAMNX and QLEIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QAMNX vs. QLEIX - Performance Comparison
Key characteristics
QAMNX:
2.40
QLEIX:
3.74
QAMNX:
3.46
QLEIX:
5.23
QAMNX:
1.44
QLEIX:
1.75
QAMNX:
0.92
QLEIX:
5.03
QAMNX:
10.03
QLEIX:
24.48
QAMNX:
1.48%
QLEIX:
1.17%
QAMNX:
6.18%
QLEIX:
7.66%
QAMNX:
-24.51%
QLEIX:
-42.90%
QAMNX:
-3.34%
QLEIX:
0.00%
Returns By Period
In the year-to-date period, QAMNX achieves a 1.07% return, which is significantly lower than QLEIX's 3.50% return.
QAMNX
1.07%
0.39%
8.82%
15.01%
N/A
N/A
QLEIX
3.50%
2.98%
12.39%
28.79%
16.15%
8.96%
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QAMNX vs. QLEIX - Expense Ratio Comparison
QAMNX has a 1.86% expense ratio, which is higher than QLEIX's 1.30% expense ratio.
Risk-Adjusted Performance
QAMNX vs. QLEIX — Risk-Adjusted Performance Rank
QAMNX
QLEIX
QAMNX vs. QLEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and AQR Long-Short Equity Fund (QLEIX). 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.
Dividends
QAMNX vs. QLEIX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.83%, less than QLEIX's 6.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.83% | 1.85% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLEIX AQR Long-Short Equity Fund | 6.88% | 7.12% | 20.80% | 10.30% | 0.00% | 0.00% | 0.00% | 0.37% | 4.04% | 1.86% | 4.82% | 7.12% |
Drawdowns
QAMNX vs. QLEIX - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -24.51%, smaller than the maximum QLEIX drawdown of -42.90%. Use the drawdown chart below to compare losses from any high point for QAMNX and QLEIX. For additional features, visit the drawdowns tool.
Volatility
QAMNX vs. QLEIX - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 1.52%, while AQR Long-Short Equity Fund (QLEIX) has a volatility of 2.04%. This indicates that QAMNX experiences smaller price fluctuations and is considered to be less risky than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.