QIACX vs. GLOSX

Last updated Aug 5, 2026

QIACX (Federated Hermes MDT All Cap Core Fund) and GLOSX (Pioneer Global Sustainable Equity Fund Class A) are both mutual funds - QIACX is a Large Cap Blend Equities fund managed by Federated, while GLOSX is a Global Equities fund managed by Amundi. Over the past 10 years, QIACX returned 16.74%/yr vs 13.46%/yr for GLOSX. Their correlation of 0.85 means they have usually moved in the same direction. QIACX charges 0.75%/yr vs 1.10%/yr for GLOSX.

Performance

QIACX vs. GLOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT All Cap Core Fund (QIACX) and Pioneer Global Sustainable Equity Fund Class A (GLOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QIACX achieves a 10.09% return, which is significantly lower than GLOSX's 15.87% return. Over the past 10 years, QIACX has outperformed GLOSX with an annualized return of 16.74%, while GLOSX has yielded a comparatively lower 13.46% annualized return.

QIACX

• 1D: 1.17%
• 1M: 2.48%
• 6M: 9.78%
• YTD: 10.09%
• 1Y: 18.43%
• 3Y*: 24.26%
• 5Y*: 15.16%
• 10Y*: 16.74%
• ALL TIME*: 11.55%

GLOSX

• 1D: 0.91%
• 1M: 1.99%
• 6M: 9.54%
• YTD: 15.87%
• 1Y: 33.38%
• 3Y*: 24.10%
• 5Y*: 15.20%
• 10Y*: 13.46%
• ALL TIME*: 8.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLOSX Pioneer Global Sustainable Equity Fund Class A	$0.00	$0.00	$0.00
QIACX Federated Hermes MDT All Cap Core Fund	$0.00	$0.00	$0.00

QIACX vs. GLOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QIACX Federated Hermes MDT All Cap Core Fund	10.09%	21.15%	31.07%	23.52%	-14.16%	31.40%	21.95%	26.91%	-2.64%	21.07%
GLOSX Pioneer Global Sustainable Equity Fund Class A	15.87%	41.25%	11.45%	16.70%	-9.75%	23.28%	17.79%	23.30%	-16.32%	21.90%

Correlation

The correlation between QIACX and GLOSX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.85

Over the past year, the correlation between QIACX and GLOSX has dropped to 0.45 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

QIACX vs. GLOSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QIACX

QIACX Risk / Return Rank: 52
QIACX Sharpe Ratio Rank: 45
QIACX Sortino Ratio Rank: 45
QIACX Omega Ratio Rank: 52
QIACX Calmar Ratio Rank: 53
QIACX Martin Ratio Rank: 66

GLOSX

GLOSX Risk / Return Rank: 90
GLOSX Sharpe Ratio Rank: 93
GLOSX Sortino Ratio Rank: 89
GLOSX Omega Ratio Rank: 87
GLOSX Calmar Ratio Rank: 89
GLOSX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QIACX vs. GLOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT All Cap Core Fund (QIACX) and Pioneer Global Sustainable Equity Fund Class A (GLOSX). 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.

	QIACX	GLOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.49	-1.06
Sortino ratio: Return per unit of downside risk	2.08	3.32	-1.24
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.12	3.54	-1.43
Martin ratio: Return relative to average drawdown	9.17	13.57	-4.40

QIACX vs. GLOSX - Sharpe Ratio Comparison

The current QIACX Sharpe Ratio is 1.43, which is lower than the GLOSX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of QIACX and GLOSX, 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

QIACX vs. GLOSX - Drawdown Comparison

The maximum QIACX drawdown since its inception was -60.11%, which is greater than GLOSX's maximum drawdown of -54.40%. Use the drawdown chart below to compare losses from any high point for QIACX and GLOSX.

Drawdown Indicators

	QIACX	GLOSX	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-54.40%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-10.04%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-14.66%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-23.72%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	-33.59%	-2.88%
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-9.24%	-9.72%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.62%	-0.63%

Volatility

QIACX vs. GLOSX - Volatility Comparison

The current volatility for Federated Hermes MDT All Cap Core Fund (QIACX) is 3.31%, while Pioneer Global Sustainable Equity Fund Class A (GLOSX) has a volatility of 4.35%. This indicates that QIACX experiences smaller price fluctuations and is considered to be less risky than GLOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIACX	GLOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	4.35%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	11.51%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	14.35%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	15.69%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	16.78%	+1.86%

QIACX vs. GLOSX - Expense Ratio Comparison

QIACX has a 0.75% expense ratio, which is lower than GLOSX's 1.10% expense ratio.

Dividends

QIACX vs. GLOSX - Dividend Comparison

QIACX's dividend yield for the trailing twelve months is around 4.16%, less than GLOSX's 9.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLOSX Pioneer Global Sustainable Equity Fund Class A	9.95%	11.53%	7.73%	1.55%	6.04%	21.00%	0.87%	0.93%	10.44%	1.27%	1.25%	0.60%
QIACX Federated Hermes MDT All Cap Core Fund	4.16%	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 GLOSX in my portfolio?

QIACX and GLOSX have a correlation of 0.45, 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 GLOSX?

GLOSX has higher volatility (4.35%) compared to QIACX (3.31%). In terms of maximum drawdown, QIACX dropped -60.11% vs GLOSX's -54.40%.

Which has better risk-adjusted returns?

GLOSX currently has the higher Sharpe Ratio (2.49 vs 1.43), 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.