Correlation
The correlation between QAMNX and SPY is 0.11, 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.
QAMNX vs. SPY
Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and SPDR S&P 500 ETF (SPY).
QAMNX is managed by Federated. It was launched on Sep 30, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAMNX or SPY.
Performance
QAMNX vs. SPY - Performance Comparison
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Key characteristics
QAMNX:
2.45
SPY:
0.70
QAMNX:
3.36
SPY:
1.02
QAMNX:
1.42
SPY:
1.15
QAMNX:
4.24
SPY:
0.68
QAMNX:
11.27
SPY:
2.57
QAMNX:
1.24%
SPY:
4.93%
QAMNX:
6.08%
SPY:
20.42%
QAMNX:
-17.97%
SPY:
-55.19%
QAMNX:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, QAMNX achieves a 6.16% return, which is significantly higher than SPY's 0.87% return.
QAMNX
6.16%
1.66%
5.03%
14.67%
10.96%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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QAMNX vs. SPY - Expense Ratio Comparison
QAMNX has a 1.86% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QAMNX vs. SPY — Risk-Adjusted Performance Rank
QAMNX
SPY
QAMNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
QAMNX vs. SPY - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.75%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.75% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QAMNX vs. SPY - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -17.97%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QAMNX and SPY.
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Volatility
QAMNX vs. SPY - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 1.93%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that QAMNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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