QIACX vs. DAGVX

Last updated Jun 4, 2026

QIACX (Federated Hermes MDT All Cap Core Fund) and DAGVX (BNY Mellon Dynamic Value Fund) are both mutual funds - QIACX is a Large Cap Blend Equities fund managed by Federated, while DAGVX is a Large Cap Value Equities fund managed by BNY Mellon. Over the past 10 years, QIACX returned 16.99%/yr vs 13.51%/yr for DAGVX. Their correlation of 0.88 suggests significant overlap in exposure. QIACX charges 0.75%/yr vs 0.93%/yr for DAGVX.

Performance

QIACX vs. DAGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT All Cap Core Fund (QIACX) and BNY Mellon Dynamic Value Fund (DAGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QIACX achieves a 7.80% return, which is significantly lower than DAGVX's 14.05% return. Over the past 10 years, QIACX has outperformed DAGVX with an annualized return of 16.99%, while DAGVX has yielded a comparatively lower 13.51% annualized return.

QIACX

• 1D: -0.21%
• 1M: 3.54%
• YTD: 7.80%
• 6M: 9.69%
• 1Y: 24.33%
• 3Y*: 25.23%
• 5Y*: 15.99%
• 10Y*: 16.99%

DAGVX

• 1D: 1.22%
• 1M: 4.66%
• YTD: 14.05%
• 6M: 15.50%
• 1Y: 29.44%
• 3Y*: 19.73%
• 5Y*: 13.24%
• 10Y*: 13.51%

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

QIACX vs. DAGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QIACX Federated Hermes MDT All Cap Core Fund	7.80%	21.15%	31.07%	23.52%	-14.16%	31.40%	21.95%	26.91%	-2.64%	21.07%
DAGVX BNY Mellon Dynamic Value Fund	14.05%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%

Correlation

The correlation between QIACX and DAGVX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003	0.88

Over the past year, the correlation between QIACX and DAGVX has dropped to 0.13 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

QIACX vs. DAGVX — Risk / Return Rank

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

QIACX

QIACX Risk / Return Rank: 56
QIACX Sharpe Ratio Rank: 48
QIACX Sortino Ratio Rank: 50
QIACX Omega Ratio Rank: 60
QIACX Calmar Ratio Rank: 55
QIACX Martin Ratio Rank: 69

DAGVX

DAGVX Risk / Return Rank: 79
DAGVX Sharpe Ratio Rank: 78
DAGVX Sortino Ratio Rank: 74
DAGVX Omega Ratio Rank: 66
DAGVX Calmar Ratio Rank: 90
DAGVX Martin Ratio Rank: 87

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.

QIACX vs. DAGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT All Cap Core Fund (QIACX) and BNY Mellon Dynamic Value Fund (DAGVX). 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.

	QIACX	DAGVX	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.56	-0.52
Sortino ratio Return per unit of downside risk	2.97	3.58	-0.61
Omega ratio Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio Return relative to maximum drawdown	2.82	4.56	-1.73
Martin ratio Return relative to average drawdown	13.23	16.85	-3.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QIACX vs. DAGVX - Sharpe Ratio Comparison

The current QIACX Sharpe Ratio is 2.04, which is comparable to the DAGVX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of QIACX and DAGVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QIACX	DAGVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.56	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.85	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.72	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.58	0.00

Drawdowns

QIACX vs. DAGVX - Drawdown Comparison

The maximum QIACX drawdown since its inception was -60.11%, which is greater than DAGVX's maximum drawdown of -55.04%. Use the drawdown chart below to compare losses from any high point for QIACX and DAGVX.

Drawdown Indicators

	QIACX	DAGVX	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-55.04%	-5.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-6.69%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-16.96%	-2.45%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-16.96%	-6.09%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	-42.62%	+6.15%
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-9.29%	-7.65%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.80%	+0.04%

Volatility

QIACX vs. DAGVX - Volatility Comparison

The current volatility for Federated Hermes MDT All Cap Core Fund (QIACX) is 2.58%, while BNY Mellon Dynamic Value Fund (DAGVX) has a volatility of 3.65%. This indicates that QIACX experiences smaller price fluctuations and is considered to be less risky than DAGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIACX	DAGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	3.65%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	9.13%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	11.90%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	15.58%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	18.83%	-0.13%

QIACX vs. DAGVX - Expense Ratio Comparison

QIACX has a 0.75% expense ratio, which is lower than DAGVX's 0.93% expense ratio.

Dividends

QIACX vs. DAGVX - Dividend Comparison

QIACX's dividend yield for the trailing twelve months is around 4.25%, less than DAGVX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.86%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
QIACX Federated Hermes MDT All Cap Core Fund	4.25%	4.58%	8.65%	1.40%	10.90%	17.44%	3.01%	3.34%	8.60%	0.69%	1.12%	1.25%

Frequently Asked Questions

Can I hold both QIACX and DAGVX in my portfolio?

QIACX and DAGVX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QIACX or DAGVX?

DAGVX has higher volatility (3.65%) compared to QIACX (2.58%). In terms of maximum drawdown, QIACX dropped -60.11% vs DAGVX's -55.04%.

Which has better risk-adjusted returns?

DAGVX currently has the higher Sharpe Ratio (2.56 vs 2.04), 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.