QAMNX vs. VMNFX
Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and Vanguard Market Neutral Fund Investor Shares (VMNFX).
QAMNX is managed by Federated. It was launched on Sep 30, 2008. VMNFX is managed by Vanguard. It was launched on Nov 11, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAMNX or VMNFX.
Key characteristics
| QAMNX | VMNFX | |
|---|---|---|
| YTD Return | 20.53% | 7.53% |
| 1Y Return | 18.02% | 7.41% |
| 3Y Return (Ann) | 1.50% | 14.02% |
| Sharpe Ratio | 3.06 | 1.27 |
| Sortino Ratio | 4.47 | 1.89 |
| Omega Ratio | 1.59 | 1.22 |
| Calmar Ratio | 0.99 | 2.40 |
| Martin Ratio | 14.90 | 5.41 |
| Ulcer Index | 1.24% | 1.46% |
| Daily Std Dev | 6.04% | 6.21% |
| Max Drawdown | -24.51% | -25.42% |
| Current Drawdown | -1.76% | -1.73% |
Correlation
The correlation between QAMNX and VMNFX is 0.32, 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. VMNFX - Performance Comparison
In the year-to-date period, QAMNX achieves a 20.53% return, which is significantly higher than VMNFX's 7.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QAMNX vs. VMNFX - Expense Ratio Comparison
QAMNX has a 1.86% expense ratio, which is higher than VMNFX's 1.31% expense ratio.
Risk-Adjusted Performance
QAMNX vs. VMNFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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. VMNFX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 2.47%, less than VMNFX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 2.47% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.77% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
Drawdowns
QAMNX vs. VMNFX - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -24.51%, roughly equal to the maximum VMNFX drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for QAMNX and VMNFX. For additional features, visit the drawdowns tool.
Volatility
QAMNX vs. VMNFX - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 2.10%, while Vanguard Market Neutral Fund Investor Shares (VMNFX) has a volatility of 2.29%. This indicates that QAMNX experiences smaller price fluctuations and is considered to be less risky than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.