QISGX vs. ASMOX

Last updated Jun 4, 2026

QISGX (Federated Hermes MDT Small Cap Growth Fund) and ASMOX (AQR Small Cap Momentum Style Fund) are both Small Cap Growth Equities funds. Their correlation of 0.90 suggests significant overlap in exposure. QISGX charges 0.89%/yr vs 0.61%/yr for ASMOX.

Performance

QISGX vs. ASMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Growth Fund (QISGX) and AQR Small Cap Momentum Style Fund (ASMOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QISGX

• 1D: 0.58%
• 1M: 5.07%
• YTD: 19.02%
• 6M: 20.78%
• 1Y: 46.69%
• 3Y*: 21.19%
• 5Y*: 9.21%
• 10Y*: 13.62%

ASMOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QISGX vs. ASMOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QISGX Federated Hermes MDT Small Cap Growth Fund	19.02%	17.72%	15.63%	19.63%	-27.94%	18.14%	29.91%	21.14%	-6.33%	25.17%
ASMOX AQR Small Cap Momentum Style Fund	17.33%	16.87%	16.54%	18.37%	-19.56%	15.37%	25.76%	26.47%	-12.14%	17.43%

Correlation

The correlation between QISGX and ASMOX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 10, 2009	0.90

Over the past year, the correlation between QISGX and ASMOX has dropped to 0.21 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

QISGX vs. ASMOX — Risk / Return Rank

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

QISGX

QISGX Risk / Return Rank: 66
QISGX Sharpe Ratio Rank: 60
QISGX Sortino Ratio Rank: 60
QISGX Omega Ratio Rank: 63
QISGX Calmar Ratio Rank: 78
QISGX Martin Ratio Rank: 69

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.

QISGX vs. ASMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Growth Fund (QISGX) and AQR Small Cap Momentum Style Fund (ASMOX). 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.

	QISGX	ASMOX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.55	—	—
Martin ratio: Return relative to average drawdown	13.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QISGX	ASMOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Drawdowns

Drawdown Indicators

	QISGX	ASMOX	Difference
Max Drawdown Largest peak-to-trough decline	-60.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.08%	—	—
Current Drawdown Current decline from peak	-0.26%	—	—
Average Drawdown Average peak-to-trough decline	-13.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	—	—

Volatility

Volatility by Period

	QISGX	ASMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	—	—

QISGX vs. ASMOX - Expense Ratio Comparison

QISGX has a 0.89% expense ratio, which is higher than ASMOX's 0.61% expense ratio.

Dividends

QISGX vs. ASMOX - Dividend Comparison

QISGX's dividend yield for the trailing twelve months is around 3.29%, less than ASMOX's 7.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMOX AQR Small Cap Momentum Style Fund	7.88%	8.12%	18.80%	3.92%	0.57%	24.81%	5.46%	4.38%	29.63%	9.90%	0.79%	1.23%
QISGX Federated Hermes MDT Small Cap Growth Fund	3.29%	3.91%	0.00%	0.05%	3.63%	29.34%	0.45%	0.00%	7.03%	5.09%	1.61%	18.51%

Frequently Asked Questions

Can I hold both QISGX and ASMOX in my portfolio?

QISGX and ASMOX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.