Correlation
The correlation between QAMNX and VMNFX is -0.04. 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.
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.
Performance
QAMNX vs. VMNFX - Performance Comparison
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Key characteristics
QAMNX:
2.45
VMNFX:
0.74
QAMNX:
3.36
VMNFX:
1.27
QAMNX:
1.42
VMNFX:
1.15
QAMNX:
4.24
VMNFX:
1.00
QAMNX:
11.27
VMNFX:
2.38
QAMNX:
1.24%
VMNFX:
2.29%
QAMNX:
6.08%
VMNFX:
6.51%
QAMNX:
-17.97%
VMNFX:
-25.93%
QAMNX:
0.00%
VMNFX:
-0.01%
Returns By Period
In the year-to-date period, QAMNX achieves a 6.16% return, which is significantly higher than VMNFX's 3.43% return.
QAMNX
6.16%
1.66%
5.03%
14.67%
10.96%
N/A
N/A
VMNFX
3.43%
3.01%
3.57%
4.46%
8.29%
10.20%
3.62%
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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 Rank
QAMNX
VMNFX
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.
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Dividends
QAMNX vs. VMNFX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.75%, less than VMNFX's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.49% | 5.61% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
Drawdowns
QAMNX vs. VMNFX - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -17.97%, smaller than the maximum VMNFX drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for QAMNX and VMNFX.
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Volatility
QAMNX vs. VMNFX - Volatility Comparison
Federated Hermes MDT Market Neutral A (QAMNX) has a higher volatility of 1.93% compared to Vanguard Market Neutral Fund Investor Shares (VMNFX) at 1.38%. This indicates that QAMNX's price experiences larger fluctuations and is considered to be riskier than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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