QIBGX vs. CONWX

Last updated Jun 5, 2026

QIBGX (Federated Hermes MDT Balanced Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, QIBGX returned 11.23%/yr vs 8.28%/yr for CONWX. A 0.70 correlation means they provide meaningful diversification when combined. QIBGX charges 1.06%/yr vs 1.41%/yr for CONWX.

Performance

QIBGX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Balanced Fund (QIBGX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QIBGX achieves a 5.27% return, which is significantly lower than CONWX's 7.66% return. Over the past 10 years, QIBGX has outperformed CONWX with an annualized return of 11.23%, while CONWX has yielded a comparatively lower 8.28% annualized return.

QIBGX

• 1D: -0.51%
• 1M: 1.51%
• YTD: 5.27%
• 6M: 6.42%
• 1Y: 15.61%
• 3Y*: 19.02%
• 5Y*: 10.52%
• 10Y*: 11.23%

CONWX

• 1D: 0.63%
• 1M: -0.05%
• YTD: 7.66%
• 6M: 7.52%
• 1Y: 17.29%
• 3Y*: 12.44%
• 5Y*: 6.56%
• 10Y*: 8.28%

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

QIBGX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QIBGX Federated Hermes MDT Balanced Fund	5.27%	14.68%	28.30%	14.26%	-13.54%	17.43%	16.17%	19.00%	-2.96%	14.12%
CONWX Concorde Wealth Management Fund	7.66%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%

Correlation

The correlation between QIBGX and CONWX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 6, 2016	0.70

The correlation between QIBGX and CONWX shifts across timeframes, from -0.00 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QIBGX vs. CONWX — Risk / Return Rank

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

QIBGX

QIBGX Risk / Return Rank: 24
QIBGX Sharpe Ratio Rank: 18
QIBGX Sortino Ratio Rank: 19
QIBGX Omega Ratio Rank: 49
QIBGX Calmar Ratio Rank: 18
QIBGX Martin Ratio Rank: 14

CONWX

CONWX Risk / Return Rank: 73
CONWX Sharpe Ratio Rank: 70
CONWX Sortino Ratio Rank: 73
CONWX Omega Ratio Rank: 63
CONWX Calmar Ratio Rank: 90
CONWX Martin Ratio Rank: 70

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.

QIBGX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Balanced Fund (QIBGX) and Concorde Wealth Management Fund (CONWX). 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.

	QIBGX	CONWX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.42	-1.24
Sortino ratio: Return per unit of downside risk	1.78	3.55	-1.77
Omega ratio: Gain probability vs. loss probability	1.37	1.44	-0.07
Calmar ratio: Return relative to maximum drawdown	1.46	4.58	-3.12
Martin ratio: Return relative to average drawdown	3.81	13.26	-9.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QIBGX vs. CONWX - Sharpe Ratio Comparison

The current QIBGX Sharpe Ratio is 1.18, which is lower than the CONWX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of QIBGX and CONWX, 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

	QIBGX	CONWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.42	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.65	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.75	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.77	-0.13

Drawdowns

QIBGX vs. CONWX - Drawdown Comparison

The maximum QIBGX drawdown since its inception was -42.95%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for QIBGX and CONWX.

Drawdown Indicators

	QIBGX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-42.95%	-26.09%	-16.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-3.68%	-7.41%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-9.86%	-8.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.32%	-12.49%	-6.83%
Max Drawdown (10Y) Largest decline over 10 years	-25.97%	-26.09%	+0.12%
Current Drawdown Current decline from peak	-1.67%	-2.50%	+0.83%
Average Drawdown Average peak-to-trough decline	-5.59%	-2.78%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	1.27%	+2.96%

Volatility

QIBGX vs. CONWX - Volatility Comparison

Federated Hermes MDT Balanced Fund (QIBGX) has a higher volatility of 2.27% compared to Concorde Wealth Management Fund (CONWX) at 1.56%. This indicates that QIBGX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIBGX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	1.56%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	5.16%	+7.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	6.97%	+6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	10.20%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	11.10%	+3.11%

QIBGX vs. CONWX - Expense Ratio Comparison

QIBGX has a 1.06% expense ratio, which is lower than CONWX's 1.41% expense ratio.

Dividends

QIBGX vs. CONWX - Dividend Comparison

QIBGX's dividend yield for the trailing twelve months is around 8.41%, more than CONWX's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CONWX Concorde Wealth Management Fund	3.43%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%	0.00%	0.00%
QIBGX Federated Hermes MDT Balanced Fund	8.41%	8.86%	20.13%	1.82%	6.92%	9.99%	4.36%	4.33%	10.60%	1.59%	1.86%	1.75%

Frequently Asked Questions

Can I hold both QIBGX and CONWX in my portfolio?

QIBGX and CONWX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QIBGX or CONWX?

QIBGX has higher volatility (2.27%) compared to CONWX (1.56%). In terms of maximum drawdown, QIBGX dropped -42.95% vs CONWX's -26.09%.

Which has better risk-adjusted returns?

CONWX currently has the higher Sharpe Ratio (2.42 vs 1.18), 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.