QILGX vs. BEARX

Last updated Aug 1, 2026

QILGX (Federated Hermes MDT Large Cap Growth Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both mutual funds - QILGX is a Large Cap Growth Equities fund managed by Federated, while BEARX is a Inverse Equities fund managed by Federated. Over the past 10 years, QILGX returned 19.02%/yr vs -14.19%/yr for BEARX. Their -0.87 correlation means they have often moved in opposite directions in the past. QILGX charges 0.75%/yr vs 1.78%/yr for BEARX.

Performance

QILGX vs. BEARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Growth Fund (QILGX) and Federated Hermes Prudent Bear Fd (BEARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QILGX achieves a 2.55% return, which is significantly higher than BEARX's -6.07% return. Over the past 10 years, QILGX has outperformed BEARX with an annualized return of 19.02%, while BEARX has yielded a comparatively lower -14.19% annualized return.

QILGX

• 1D: 3.28%
• 1M: -1.73%
• 6M: 4.48%
• YTD: 2.55%
• 1Y: 10.24%
• 3Y*: 22.81%
• 5Y*: 14.95%
• 10Y*: 19.02%
• ALL TIME*: 12.18%

BEARX

• 1D: -1.66%
• 1M: 0.85%
• 6M: -5.07%
• YTD: -6.07%
• 1Y: -11.20%
• 3Y*: -13.79%
• 5Y*: -11.02%
• 10Y*: -14.19%
• ALL TIME*: -2.54%

*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)
BEARX Federated Hermes Prudent Bear Fd	$0.00	$0.00	$0.00
QILGX Federated Hermes MDT Large Cap Growth Fund	$0.00	$0.00	$0.00

QILGX vs. BEARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QILGX Federated Hermes MDT Large Cap Growth Fund	2.55%	19.46%	40.83%	39.63%	-24.86%	30.46%	38.39%	32.01%	1.52%	25.42%
BEARX Federated Hermes Prudent Bear Fd	-6.07%	-12.42%	-20.34%	-18.67%	17.78%	-23.78%	-22.95%	-19.95%	-5.96%	-15.76%

Correlation

The correlation between QILGX and BEARX is -0.85, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.85
Correlation (3Y) Balances recent behavior with more history.	-0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.92
Correlation (10Y) Provides a long-term view across more market conditions.	-0.88
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	-0.87

The correlation between QILGX and BEARX has been stable across timeframes, ranging from -0.92 to -0.85 - a consistent structural relationship.

Return for Risk

QILGX vs. BEARX — Risk / Return Rank

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

QILGX

QILGX Risk / Return Rank: 16
QILGX Sharpe Ratio Rank: 15
QILGX Sortino Ratio Rank: 16
QILGX Omega Ratio Rank: 18
QILGX Calmar Ratio Rank: 14
QILGX Martin Ratio Rank: 15

BEARX

BEARX Risk / Return Rank: 0
BEARX Sharpe Ratio Rank: 0
BEARX Sortino Ratio Rank: 0
BEARX Omega Ratio Rank: 0
BEARX Calmar Ratio Rank: 1
BEARX Martin Ratio Rank: 0

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.

QILGX vs. BEARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Growth Fund (QILGX) and Federated Hermes Prudent Bear Fd (BEARX). 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.

	QILGX	BEARX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	-0.83	+1.41
Sortino ratio: Return per unit of downside risk	0.93	-1.15	+2.08
Omega ratio: Gain probability vs. loss probability	1.12	0.86	+0.26
Calmar ratio: Return relative to maximum drawdown	0.67	-0.64	+1.31
Martin ratio: Return relative to average drawdown	1.97	-1.23	+3.20

QILGX vs. BEARX - Sharpe Ratio Comparison

The current QILGX Sharpe Ratio is 0.58, which is higher than the BEARX Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of QILGX and BEARX, 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

QILGX vs. BEARX - Drawdown Comparison

The maximum QILGX drawdown since its inception was -53.48%, smaller than the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for QILGX and BEARX.

Drawdown Indicators

	QILGX	BEARX	Difference
Max Drawdown Largest peak-to-trough decline	-53.48%	-95.75%	+42.27%
Max Drawdown (1Y) Largest decline over 1 year	-15.55%	-16.55%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-24.71%	-44.46%	+19.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.05%	-52.48%	+22.43%
Max Drawdown (10Y) Largest decline over 10 years	-31.68%	-79.22%	+47.54%
Current Drawdown Current decline from peak	-6.55%	-95.59%	+89.04%
Average Drawdown Average peak-to-trough decline	-8.93%	-61.21%	+52.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	8.60%	-3.32%

Volatility

QILGX vs. BEARX - Volatility Comparison

Federated Hermes MDT Large Cap Growth Fund (QILGX) has a higher volatility of 6.04% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.78%. This indicates that QILGX's price experiences larger fluctuations and is considered to be riskier than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QILGX	BEARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	3.78%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	10.32%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	12.86%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	17.15%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	16.71%	+4.62%

QILGX vs. BEARX - Expense Ratio Comparison

QILGX has a 0.75% expense ratio, which is lower than BEARX's 1.78% expense ratio.

Dividends

QILGX vs. BEARX - Dividend Comparison

QILGX's dividend yield for the trailing twelve months is around 3.02%, less than BEARX's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEARX Federated Hermes Prudent Bear Fd	7.15%	6.71%	0.00%	13.32%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%	0.00%	0.00%
QILGX Federated Hermes MDT Large Cap Growth Fund	3.02%	3.09%	6.60%	1.47%	13.57%	19.44%	7.47%	5.07%	10.33%	7.40%	0.55%	11.76%

Frequently Asked Questions

Can I hold both QILGX and BEARX in my portfolio?

QILGX and BEARX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QILGX or BEARX?

QILGX has higher volatility (6.04%) compared to BEARX (3.78%). In terms of maximum drawdown, QILGX dropped -53.48% vs BEARX's -95.75%.

Which has better risk-adjusted returns?

QILGX currently has the higher Sharpe Ratio (0.58 vs -0.83), 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.