QIACX vs. XPTFX

Last updated Jun 23, 2026

QIACX (Federated Hermes MDT All Cap Core Fund) and XPTFX (Federated Hermes Project and Trade Finance Tender Fund) are both mutual funds - QIACX is a Large Cap Blend Equities fund managed by Federated, while XPTFX is a Bank Loan fund managed by Federated. Over the past 5 years, QIACX returned 15.69%/yr vs 6.46%/yr for XPTFX. At a 0.05 correlation, their price movements are largely independent. QIACX charges 0.75%/yr vs 0.41%/yr for XPTFX.

Performance

QIACX vs. XPTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT All Cap Core Fund (QIACX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QIACX achieves a 5.92% return, which is significantly higher than XPTFX's 3.23% return.

QIACX

• 1D: 1.00%
• 1M: -0.23%
• YTD: 5.92%
• 6M: 5.82%
• 1Y: 21.58%
• 3Y*: 23.21%
• 5Y*: 15.69%
• 10Y*: 16.89%

XPTFX

• 1D: 0.10%
• 1M: 0.49%
• YTD: 3.23%
• 6M: 3.36%
• 1Y: 7.44%
• 3Y*: 8.04%
• 5Y*: 6.46%
• 10Y*: —

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

QIACX vs. XPTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QIACX Federated Hermes MDT All Cap Core Fund	5.92%	21.15%	31.07%	23.52%	-14.16%	31.40%	21.95%	26.91%	-2.64%	18.85%
XPTFX Federated Hermes Project and Trade Finance Tender Fund	3.23%	7.47%	8.62%	8.55%	3.74%	1.91%	2.18%	4.70%	4.47%	-0.10%

Correlation

The correlation between QIACX and XPTFX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.05

Return for Risk

QIACX vs. XPTFX — Risk / Return Rank

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

QIACX

QIACX Risk / Return Rank: 47
QIACX Sharpe Ratio Rank: 40
QIACX Sortino Ratio Rank: 40
QIACX Omega Ratio Rank: 48
QIACX Calmar Ratio Rank: 46
QIACX Martin Ratio Rank: 59

XPTFX

XPTFX Risk / Return Rank: 84
XPTFX Sharpe Ratio Rank: 86
XPTFX Sortino Ratio Rank: 85
XPTFX Omega Ratio Rank: 99
XPTFX Calmar Ratio Rank: 86
XPTFX Martin Ratio Rank: 67

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. XPTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT All Cap Core Fund (QIACX) and Federated Hermes Project and Trade Finance Tender Fund (XPTFX). 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	XPTFX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.58	-0.88
Sortino ratio: Return per unit of downside risk	2.45	3.73	-1.28
Omega ratio: Gain probability vs. loss probability	1.35	4.27	-2.92
Calmar ratio: Return relative to maximum drawdown	2.47	3.87	-1.39
Martin ratio: Return relative to average drawdown	11.03	12.16	-1.12

QIACX vs. XPTFX - Sharpe Ratio Comparison

The current QIACX Sharpe Ratio is 1.70, which is lower than the XPTFX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of QIACX and XPTFX, 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. XPTFX - Drawdown Comparison

The maximum QIACX drawdown since its inception was -60.11%, which is greater than XPTFX's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for QIACX and XPTFX.

Drawdown Indicators

	QIACX	XPTFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-2.95%	-57.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-1.96%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-2.95%	-16.46%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-2.95%	-20.10%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	—	—
Current Drawdown Current decline from peak	-1.95%	0.00%	-1.95%
Average Drawdown Average peak-to-trough decline	-9.28%	-0.26%	-9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	0.62%	+1.32%

Volatility

QIACX vs. XPTFX - Volatility Comparison

Federated Hermes MDT All Cap Core Fund (QIACX) has a higher volatility of 4.50% compared to Federated Hermes Project and Trade Finance Tender Fund (XPTFX) at 0.22%. This indicates that QIACX's price experiences larger fluctuations and is considered to be riskier than XPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIACX	XPTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	0.22%	+4.28%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	2.89%	+7.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	2.94%	+9.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	2.53%	+14.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	2.01%	+16.72%

QIACX vs. XPTFX - Expense Ratio Comparison

QIACX has a 0.75% expense ratio, which is higher than XPTFX's 0.41% expense ratio.

Dividends

QIACX vs. XPTFX - Dividend Comparison

QIACX's dividend yield for the trailing twelve months is around 4.32%, less than XPTFX's 6.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QIACX Federated Hermes MDT All Cap Core Fund	4.32%	4.58%	8.65%	1.40%	10.90%	17.44%	3.01%	3.34%	8.60%	0.69%	1.12%	1.25%
XPTFX Federated Hermes Project and Trade Finance Tender Fund	6.02%	7.24%	6.78%	6.66%	5.70%	2.21%	2.74%	4.62%	4.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QIACX and XPTFX in my portfolio?

QIACX and XPTFX have a correlation of 0.11, 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 XPTFX?

QIACX has higher volatility (4.50%) compared to XPTFX (0.22%). In terms of maximum drawdown, QIACX dropped -60.11% vs XPTFX's -2.95%.

Which has better risk-adjusted returns?

XPTFX currently has the higher Sharpe Ratio (2.58 vs 1.70), 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.