QISCX vs. FTHNX

Last updated Aug 1, 2026

QISCX (Federated Hermes MDT Small Cap Core Fund) and FTHNX (Fuller & Thaler Behavioral Small-Cap Equity Fund) are both Small Cap Blend Equities funds. Over the past 10 years, QISCX returned 12.06%/yr vs 13.81%/yr for FTHNX. Their correlation of 0.84 means they have usually moved in the same direction. QISCX charges 0.89%/yr vs 1.03%/yr for FTHNX.

Performance

QISCX vs. FTHNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core Fund (QISCX) and Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QISCX achieves a 17.93% return, which is significantly higher than FTHNX's 16.92% return. Over the past 10 years, QISCX has underperformed FTHNX with an annualized return of 12.06%, while FTHNX has yielded a comparatively higher 13.81% annualized return.

QISCX

• 1D: 1.35%
• 1M: -1.89%
• 6M: 12.04%
• YTD: 17.93%
• 1Y: 35.00%
• 3Y*: 18.27%
• 5Y*: 9.87%
• 10Y*: 12.06%
• ALL TIME*: 8.79%

FTHNX

• 1D: 0.55%
• 1M: 1.93%
• 6M: 12.96%
• YTD: 16.92%
• 1Y: 28.63%
• 3Y*: 17.81%
• 5Y*: 12.64%
• 10Y*: 13.81%
• ALL TIME*: 13.47%

*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)
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	$0.00	$0.00	$0.00
QISCX Federated Hermes MDT Small Cap Core Fund	$0.00	$0.00	$0.00

QISCX vs. FTHNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QISCX Federated Hermes MDT Small Cap Core Fund	17.93%	14.95%	14.82%	20.58%	-23.14%	30.60%	17.00%	18.06%	-11.63%	15.67%
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	16.92%	11.69%	15.81%	22.18%	-7.73%	30.44%	10.05%	27.74%	-13.45%	17.25%

Correlation

The correlation between QISCX and FTHNX is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015	0.84

Over the past year, the correlation between QISCX and FTHNX has dropped to 0.30 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

QISCX vs. FTHNX — Risk / Return Rank

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

QISCX

QISCX Risk / Return Rank: 67
QISCX Sharpe Ratio Rank: 62
QISCX Sortino Ratio Rank: 67
QISCX Omega Ratio Rank: 73
QISCX Calmar Ratio Rank: 75
QISCX Martin Ratio Rank: 56

FTHNX

FTHNX Risk / Return Rank: 78
FTHNX Sharpe Ratio Rank: 76
FTHNX Sortino Ratio Rank: 77
FTHNX Omega Ratio Rank: 72
FTHNX Calmar Ratio Rank: 83
FTHNX Martin Ratio Rank: 82

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.

QISCX vs. FTHNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core Fund (QISCX) and Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX). 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.

	QISCX	FTHNX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.75	-0.19
Sortino ratio: Return per unit of downside risk	2.35	2.61	-0.27
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.48	2.77	-0.29
Martin ratio: Return relative to average drawdown	7.62	9.95	-2.33

QISCX vs. FTHNX - Sharpe Ratio Comparison

The current QISCX Sharpe Ratio is 1.56, which is comparable to the FTHNX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of QISCX and FTHNX, 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

QISCX vs. FTHNX - Drawdown Comparison

The maximum QISCX drawdown since its inception was -68.05%, which is greater than FTHNX's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for QISCX and FTHNX.

Drawdown Indicators

	QISCX	FTHNX	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-37.78%	-30.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-9.44%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-26.51%	-24.63%	-1.88%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-24.63%	-8.26%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	-37.78%	-11.24%
Current Drawdown Current decline from peak	-3.11%	-0.51%	-2.60%
Average Drawdown Average peak-to-trough decline	-15.56%	-5.62%	-9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	2.62%	+1.75%

Volatility

QISCX vs. FTHNX - Volatility Comparison

Federated Hermes MDT Small Cap Core Fund (QISCX) has a higher volatility of 3.87% compared to Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) at 3.38%. This indicates that QISCX's price experiences larger fluctuations and is considered to be riskier than FTHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QISCX	FTHNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.38%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	10.76%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	14.92%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.20%	18.78%	+4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	20.07%	+4.03%

QISCX vs. FTHNX - Expense Ratio Comparison

QISCX has a 0.89% expense ratio, which is lower than FTHNX's 1.03% expense ratio.

Dividends

QISCX vs. FTHNX - Dividend Comparison

QISCX's dividend yield for the trailing twelve months is around 6.76%, more than FTHNX's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	0.24%	0.28%	7.84%	1.60%	0.95%	3.55%	0.11%	0.11%	0.21%	0.09%	0.00%	15.47%
QISCX Federated Hermes MDT Small Cap Core Fund	6.76%	7.97%	0.35%	0.31%	3.77%	15.41%	0.44%	0.36%	3.81%	4.49%	0.85%	12.05%

Frequently Asked Questions

Can I hold both QISCX and FTHNX in my portfolio?

QISCX and FTHNX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QISCX or FTHNX?

QISCX has higher volatility (3.87%) compared to FTHNX (3.38%). In terms of maximum drawdown, QISCX dropped -68.05% vs FTHNX's -37.78%.

Which has better risk-adjusted returns?

FTHNX currently has the higher Sharpe Ratio (1.75 vs 1.56), 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.