QASGX vs. ETEGX

Last updated Jul 19, 2026

QASGX (Federated Hermes MDT Small Cap Growth Fund Class A) and ETEGX (Eaton Vance Small-Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, QASGX returned 12.73%/yr vs 8.97%/yr for ETEGX. Their correlation of 0.86 suggests significant overlap in exposure. QASGX charges 1.14%/yr vs 1.21%/yr for ETEGX.

Performance

QASGX vs. ETEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) and Eaton Vance Small-Cap Fund (ETEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QASGX achieves a 19.71% return, which is significantly higher than ETEGX's 10.48% return. Over the past 10 years, QASGX has outperformed ETEGX with an annualized return of 12.73%, while ETEGX has yielded a comparatively lower 8.97% annualized return.

QASGX

• 1D: 0.09%
• 1M: -1.40%
• 6M: 12.51%
• YTD: 19.71%
• 1Y: 36.44%
• 3Y*: 17.99%
• 5Y*: 9.17%
• 10Y*: 12.73%

ETEGX

• 1D: 1.93%
• 1M: 4.38%
• 6M: 3.87%
• YTD: 10.48%
• 1Y: 5.27%
• 3Y*: 6.01%
• 5Y*: 4.28%
• 10Y*: 8.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QASGX vs. ETEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QASGX Federated Hermes MDT Small Cap Growth Fund Class A	19.71%	17.47%	15.32%	19.33%	-28.47%	17.88%	29.55%	20.87%	-6.58%	24.88%
ETEGX Eaton Vance Small-Cap Fund	10.48%	-6.20%	14.65%	11.28%	-15.52%	21.45%	12.73%	27.57%	-6.00%	14.87%

Correlation

The correlation between QASGX and ETEGX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.86

Over the past year, the correlation between QASGX and ETEGX has dropped to 0.17 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

QASGX vs. ETEGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QASGX

QASGX Risk / Return Rank: 69
QASGX Sharpe Ratio Rank: 64
QASGX Sortino Ratio Rank: 66
QASGX Omega Ratio Rank: 66
QASGX Calmar Ratio Rank: 78
QASGX Martin Ratio Rank: 72

ETEGX

ETEGX Risk / Return Rank: 6
ETEGX Sharpe Ratio Rank: 6
ETEGX Sortino Ratio Rank: 7
ETEGX Omega Ratio Rank: 6
ETEGX Calmar Ratio Rank: 6
ETEGX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QASGX vs. ETEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) and Eaton Vance Small-Cap Fund (ETEGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QASGX	ETEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	0.36	+1.42
Sortino ratio: Return per unit of downside risk	2.59	0.67	+1.92
Omega ratio: Gain probability vs. loss probability	1.34	1.07	+0.27
Calmar ratio: Return relative to maximum drawdown	2.89	0.45	+2.45
Martin ratio: Return relative to average drawdown	10.56	1.00	+9.56

QASGX vs. ETEGX - Sharpe Ratio Comparison

The current QASGX Sharpe Ratio is 1.79, which is higher than the ETEGX Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of QASGX and ETEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QASGX vs. ETEGX - Drawdown Comparison

The maximum QASGX drawdown since its inception was -60.88%, smaller than the maximum ETEGX drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for QASGX and ETEGX.

Drawdown Indicators

	QASGX	ETEGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.88%	-67.58%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	-13.05%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-27.33%	-19.98%	-7.35%
Max Drawdown (5Y) Largest decline over 5 years	-38.71%	-24.30%	-14.41%
Max Drawdown (10Y) Largest decline over 10 years	-45.30%	-36.66%	-8.64%
Current Drawdown Current decline from peak	-3.57%	-2.44%	-1.13%
Average Drawdown Average peak-to-trough decline	-14.10%	-22.70%	+8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	5.86%	-2.23%

Volatility

QASGX vs. ETEGX - Volatility Comparison

Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) and Eaton Vance Small-Cap Fund (ETEGX) have volatilities of 4.78% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QASGX	ETEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	4.65%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	15.94%	11.58%	+4.36%
Volatility (1Y) Calculated over the trailing 1-year period	21.53%	16.25%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	18.81%	+5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	19.80%	+4.85%

QASGX vs. ETEGX - Expense Ratio Comparison

QASGX has a 1.14% expense ratio, which is lower than ETEGX's 1.21% expense ratio.

Dividends

QASGX vs. ETEGX - Dividend Comparison

QASGX's dividend yield for the trailing twelve months is around 3.55%, less than ETEGX's 7.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETEGX Eaton Vance Small-Cap Fund	7.45%	8.23%	5.13%	0.68%	3.22%	13.87%	1.06%	7.19%	12.29%	11.02%	13.88%	23.25%
QASGX Federated Hermes MDT Small Cap Growth Fund Class A	3.55%	4.24%	0.00%	0.00%	3.33%	31.38%	0.47%	0.00%	7.34%	5.29%	1.67%	19.08%

Frequently Asked Questions

Can I hold both QASGX and ETEGX in my portfolio?

QASGX and ETEGX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QASGX or ETEGX?

QASGX has higher volatility (4.78%) compared to ETEGX (4.65%). In terms of maximum drawdown, QASGX dropped -60.88% vs ETEGX's -67.58%.

Which has better risk-adjusted returns?

QASGX currently has the higher Sharpe Ratio (1.78 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.