QISCX vs. GQSCX

Last updated Aug 1, 2026

QISCX (Federated Hermes MDT Small Cap Core Fund) and GQSCX (Glenmede Quantitative U.S. Small Cap Equity Portfolio) are both Small Cap Blend Equities funds. Over the past 5 years, QISCX returned 9.87%/yr vs 12.97%/yr for GQSCX. Their correlation of 0.85 means they have usually moved in the same direction. QISCX charges 0.89%/yr vs 0.85%/yr for GQSCX.

Performance

QISCX vs. GQSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core Fund (QISCX) and Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX). 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 lower than GQSCX's 26.14% 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%

GQSCX

• 1D: 0.00%
• 1M: 1.63%
• 6M: 19.84%
• YTD: 26.14%
• 1Y: 53.63%
• 3Y*: 18.61%
• 5Y*: 12.97%
• 10Y*: —
• ALL TIME*: 12.04%

*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)
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio	$0.00	$0.00	$0.00
QISCX Federated Hermes MDT Small Cap Core Fund	$0.00	$0.00	$0.00

QISCX vs. GQSCX - 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%	0.84%
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio	26.14%	12.22%	11.49%	18.94%	-8.48%	31.77%	7.60%	22.17%	-11.32%	1.07%

Correlation

The correlation between QISCX and GQSCX is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 13, 2017	0.85

Over the past year, the correlation between QISCX and GQSCX has dropped to 0.35 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

QISCX vs. GQSCX — 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

GQSCX

GQSCX Risk / Return Rank: 95
GQSCX Sharpe Ratio Rank: 96
GQSCX Sortino Ratio Rank: 94
GQSCX Omega Ratio Rank: 88
GQSCX Calmar Ratio Rank: 97
GQSCX Martin Ratio Rank: 98

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. GQSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core Fund (QISCX) and Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX). 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	GQSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.72	-1.16
Sortino ratio: Return per unit of downside risk	2.35	3.85	-1.51
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.14
Calmar ratio: Return relative to maximum drawdown	2.48	5.63	-3.16
Martin ratio: Return relative to average drawdown	7.62	21.36	-13.74

QISCX vs. GQSCX - Sharpe Ratio Comparison

The current QISCX Sharpe Ratio is 1.56, which is lower than the GQSCX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of QISCX and GQSCX, 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. GQSCX - Drawdown Comparison

The maximum QISCX drawdown since its inception was -68.05%, which is greater than GQSCX's maximum drawdown of -46.87%. Use the drawdown chart below to compare losses from any high point for QISCX and GQSCX.

Drawdown Indicators

	QISCX	GQSCX	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-46.87%	-21.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-8.74%	-4.74%
Max Drawdown (3Y) Largest decline over 3 years	-26.51%	-28.83%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-28.83%	-4.06%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	—	—
Current Drawdown Current decline from peak	-3.11%	-0.97%	-2.14%
Average Drawdown Average peak-to-trough decline	-15.56%	-8.03%	-7.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	2.32%	+2.05%

Volatility

QISCX vs. GQSCX - Volatility Comparison

Federated Hermes MDT Small Cap Core Fund (QISCX) has a higher volatility of 3.87% compared to Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX) at 3.29%. This indicates that QISCX's price experiences larger fluctuations and is considered to be riskier than GQSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QISCX	GQSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.29%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	12.54%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	18.10%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.20%	21.75%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	24.66%	-0.56%

QISCX vs. GQSCX - Expense Ratio Comparison

QISCX has a 0.89% expense ratio, which is higher than GQSCX's 0.85% expense ratio.

Dividends

QISCX vs. GQSCX - Dividend Comparison

QISCX's dividend yield for the trailing twelve months is around 6.76%, more than GQSCX's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio	2.62%	3.01%	10.53%	0.70%	9.45%	10.41%	0.51%	0.59%	0.77%	0.14%	0.00%	0.00%
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 GQSCX in my portfolio?

QISCX and GQSCX have a correlation of 0.35, 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 GQSCX?

QISCX has higher volatility (3.87%) compared to GQSCX (3.29%). In terms of maximum drawdown, QISCX dropped -68.05% vs GQSCX's -46.87%.

Which has better risk-adjusted returns?

GQSCX currently has the higher Sharpe Ratio (2.72 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.