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.
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.
Performance
QAMNX vs. SPY - Performance Comparison
Key characteristics
QAMNX:
1.95
SPY:
0.30
QAMNX:
2.83
SPY:
0.56
QAMNX:
1.35
SPY:
1.08
QAMNX:
0.93
SPY:
0.31
QAMNX:
8.60
SPY:
1.40
QAMNX:
1.37%
SPY:
4.18%
QAMNX:
6.02%
SPY:
19.64%
QAMNX:
-24.51%
SPY:
-55.19%
QAMNX:
-1.15%
SPY:
-13.86%
Returns By Period
In the year-to-date period, QAMNX achieves a 3.36% return, which is significantly higher than SPY's -9.91% return.
QAMNX
3.36%
0.59%
4.64%
11.46%
N/A
N/A
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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.
Dividends
QAMNX vs. SPY - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.79%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.79% | 1.85% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 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 -24.51%, 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. For additional features, visit the drawdowns tool.
Volatility
QAMNX vs. SPY - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 2.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. 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.