Correlation
The correlation between QIACX and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
QIACX vs. SPY
Compare and contrast key facts about Federated Hermes MDT All Cap Core Fund (QIACX) and SPDR S&P 500 ETF (SPY).
QIACX is managed by Federated. It was launched on Oct 1, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QIACX or SPY.
Performance
QIACX vs. SPY - Performance Comparison
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Key characteristics
QIACX:
0.52
SPY:
0.70
QIACX:
0.73
SPY:
1.02
QIACX:
1.11
SPY:
1.15
QIACX:
0.39
SPY:
0.68
QIACX:
1.15
SPY:
2.57
QIACX:
8.26%
SPY:
4.93%
QIACX:
21.75%
SPY:
20.42%
QIACX:
-60.11%
SPY:
-55.19%
QIACX:
-7.81%
SPY:
-3.55%
Returns By Period
In the year-to-date period, QIACX achieves a 4.51% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, QIACX has underperformed SPY with an annualized return of 8.84%, while SPY has yielded a comparatively higher 12.73% annualized return.
QIACX
4.51%
7.07%
-6.69%
10.41%
11.53%
11.16%
8.84%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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QIACX vs. SPY - Expense Ratio Comparison
QIACX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QIACX vs. SPY — Risk-Adjusted Performance Rank
QIACX
SPY
QIACX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT All Cap Core Fund (QIACX) and SPDR S&P 500 ETF (SPY). 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
QIACX vs. SPY - Dividend Comparison
QIACX's dividend yield for the trailing twelve months is around 8.27%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIACX Federated Hermes MDT All Cap Core Fund | 8.27% | 8.65% | 1.40% | 10.90% | 17.44% | 3.01% | 3.34% | 8.60% | 0.69% | 1.12% | 1.25% | 0.40% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QIACX vs. SPY - Drawdown Comparison
The maximum QIACX drawdown since its inception was -60.11%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QIACX and SPY.
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Volatility
QIACX vs. SPY - Volatility Comparison
Federated Hermes MDT All Cap Core Fund (QIACX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.84% and 4.86%, 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.
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