QIBGX vs. QAMNX
Compare and contrast key facts about Federated Hermes MDT Balanced Fund (QIBGX) and Federated Hermes MDT Market Neutral A (QAMNX).
QIBGX is managed by Federated. It was launched on Sep 30, 2002. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
QIBGX vs. QAMNX - Performance Comparison
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QIBGX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QIBGX Federated Hermes MDT Balanced Fund | -2.90% | 14.68% | 28.30% | 14.26% | -13.54% | 4.71% |
QAMNX Federated Hermes MDT Market Neutral A | 1.36% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, QIBGX achieves a -2.90% return, which is significantly lower than QAMNX's 1.36% return.
QIBGX
- 1D
- 2.02%
- 1M
- -3.84%
- YTD
- -2.90%
- 6M
- -0.48%
- 1Y
- 11.77%
- 3Y*
- 15.96%
- 5Y*
- 9.78%
- 10Y*
- 10.44%
QAMNX
- 1D
- -0.05%
- 1M
- -0.05%
- YTD
- 1.36%
- 6M
- 5.54%
- 1Y
- 7.82%
- 3Y*
- 10.36%
- 5Y*
- —
- 10Y*
- —
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QIBGX vs. QAMNX - Expense Ratio Comparison
QIBGX has a 1.06% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
QIBGX vs. QAMNX — Risk / Return Rank
QIBGX
QAMNX
QIBGX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Balanced Fund (QIBGX) and Federated Hermes MDT Market Neutral A (QAMNX). 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 | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.23 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.90 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.97 | -0.99 |
Martin ratioReturn relative to average drawdown | 2.72 | 5.71 | -2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QIBGX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.23 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.87 | -0.26 |
Correlation
The correlation between QIBGX and QAMNX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QIBGX vs. QAMNX - Dividend Comparison
QIBGX's dividend yield for the trailing twelve months is around 9.12%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIBGX Federated Hermes MDT Balanced Fund | 9.12% | 8.86% | 20.13% | 1.82% | 6.92% | 9.99% | 4.36% | 4.33% | 10.60% | 1.59% | 1.86% | 1.75% |
QAMNX Federated Hermes MDT Market Neutral A | 1.51% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QIBGX vs. QAMNX - Drawdown Comparison
The maximum QIBGX drawdown since its inception was -42.95%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for QIBGX and QAMNX.
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Drawdown Indicators
| QIBGX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.95% | -17.97% | -24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -4.16% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.97% | — | — |
Current DrawdownCurrent decline from peak | -9.30% | -0.42% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -5.25% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 1.44% | +2.56% |
Volatility
QIBGX vs. QAMNX - Volatility Comparison
Federated Hermes MDT Balanced Fund (QIBGX) has a higher volatility of 3.88% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.03%. This indicates that QIBGX's price experiences larger fluctuations and is considered to be riskier than QAMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIBGX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 1.03% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 4.88% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 6.38% | +8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 14.04% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 14.04% | +0.15% |