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.
Performance
QAMNX vs. VMNFX - Performance Comparison
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QAMNX vs. VMNFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.36% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.66% | 9.27% | 5.78% | 12.23% | 13.48% | 10.95% |
Returns By Period
In the year-to-date period, QAMNX achieves a 1.36% return, which is significantly lower than VMNFX's 5.66% return.
QAMNX
- 1D
- -0.05%
- 1M
- -0.05%
- YTD
- 1.36%
- 6M
- 5.54%
- 1Y
- 7.82%
- 3Y*
- 10.36%
- 5Y*
- —
- 10Y*
- —
VMNFX
- 1D
- -0.40%
- 1M
- 3.01%
- YTD
- 5.66%
- 6M
- 8.53%
- 1Y
- 15.15%
- 3Y*
- 11.56%
- 5Y*
- 12.36%
- 10Y*
- 3.95%
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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.
Return for Risk
QAMNX vs. VMNFX — Risk / Return Rank
QAMNX
VMNFX
QAMNX vs. VMNFX - Risk-Adjusted Trends 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.
| QAMNX | VMNFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 2.04 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.90 | 3.03 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.25 | -1.28 |
Martin ratioReturn relative to average drawdown | 5.71 | 9.21 | -3.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QAMNX | VMNFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.04 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.31 | +0.56 |
Correlation
The correlation between QAMNX and VMNFX is 0.28, 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.
Dividends
QAMNX vs. VMNFX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 1.51%, less than VMNFX's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 1.51% | 1.53% | 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 | 3.32% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 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 -26.42%. Use the drawdown chart below to compare losses from any high point for QAMNX and VMNFX.
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Drawdown Indicators
| QAMNX | VMNFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -26.42% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -4.93% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.09% | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.40% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -8.81% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.74% | -0.30% |
Volatility
QAMNX vs. VMNFX - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral A (QAMNX) is 1.03%, while Vanguard Market Neutral Fund Investor Shares (VMNFX) has a volatility of 1.56%. 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.
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Volatility by Period
| QAMNX | VMNFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.56% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 5.83% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 7.64% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 7.18% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 6.34% | +7.70% |