QISGX vs. SGPIX

Last updated Aug 1, 2026

QISGX (Federated Hermes MDT Small Cap Growth Fund) and SGPIX (ProFunds Small Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, QISGX returned 12.84%/yr vs 8.48%/yr for SGPIX. Their correlation of 0.90 means they have usually moved in the same direction. QISGX charges 0.89%/yr vs 1.60%/yr for SGPIX.

Performance

QISGX vs. SGPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, QISGX achieves a 18.99% return, which is significantly lower than SGPIX's 21.80% return. Over the past 10 years, QISGX has outperformed SGPIX with an annualized return of 12.84%, while SGPIX has yielded a comparatively lower 8.48% annualized return.

QISGX

• 1D: 2.10%
• 1M: -2.67%
• 6M: 13.20%
• YTD: 18.99%
• 1Y: 35.26%
• 3Y*: 17.85%
• 5Y*: 8.51%
• 10Y*: 12.84%
• ALL TIME*: 9.77%

SGPIX

• 1D: 1.72%
• 1M: -1.68%
• 6M: 16.42%
• YTD: 21.80%
• 1Y: 30.36%
• 3Y*: 11.94%
• 5Y*: 3.50%
• 10Y*: 8.48%
• ALL TIME*: 8.08%

*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)
QISGX Federated Hermes MDT Small Cap Growth Fund	$0.00	$0.00	$0.00
SGPIX ProFunds Small Cap Growth Fund	$0.00	$0.00	$0.00

QISGX vs. SGPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QISGX Federated Hermes MDT Small Cap Growth Fund	18.99%	17.72%	15.63%	19.63%	-27.94%	18.14%	29.91%	21.14%	-6.33%	25.17%
SGPIX ProFunds Small Cap Growth Fund	21.80%	3.52%	7.53%	15.35%	-22.72%	13.29%	17.43%	18.95%	-5.76%	12.73%

Correlation

The correlation between QISGX and SGPIX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.90

Over the past year, the correlation between QISGX and SGPIX has dropped to 0.36 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

QISGX vs. SGPIX — Risk / Return Rank

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

QISGX

QISGX Risk / Return Rank: 71
QISGX Sharpe Ratio Rank: 66
QISGX Sortino Ratio Rank: 68
QISGX Omega Ratio Rank: 68
QISGX Calmar Ratio Rank: 78
QISGX Martin Ratio Rank: 76

SGPIX

SGPIX Risk / Return Rank: 68
SGPIX Sharpe Ratio Rank: 58
SGPIX Sortino Ratio Rank: 64
SGPIX Omega Ratio Rank: 53
SGPIX Calmar Ratio Rank: 84
SGPIX Martin Ratio Rank: 79

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.

QISGX vs. SGPIX - Risk-Adjusted Trends Comparison

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

	QISGX	SGPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.50	+0.10
Sortino ratio: Return per unit of downside risk	2.36	2.29	+0.07
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.62	2.93	-0.31
Martin ratio: Return relative to average drawdown	9.41	9.84	-0.43

QISGX vs. SGPIX - Sharpe Ratio Comparison

The current QISGX Sharpe Ratio is 1.60, which is comparable to the SGPIX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of QISGX and SGPIX, 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

QISGX vs. SGPIX - Drawdown Comparison

The maximum QISGX drawdown since its inception was -60.75%, roughly equal to the maximum SGPIX drawdown of -58.70%. Use the drawdown chart below to compare losses from any high point for QISGX and SGPIX.

Drawdown Indicators

	QISGX	SGPIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.75%	-58.70%	-2.05%
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	-9.15%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.28%	-27.72%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-38.60%	-34.64%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-45.08%	-43.14%	-1.94%
Current Drawdown Current decline from peak	-4.29%	-3.19%	-1.10%
Average Drawdown Average peak-to-trough decline	-13.79%	-11.20%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	2.73%	+0.94%

Volatility

QISGX vs. SGPIX - Volatility Comparison

Federated Hermes MDT Small Cap Growth Fund (QISGX) has a higher volatility of 5.16% compared to ProFunds Small Cap Growth Fund (SGPIX) at 4.10%. This indicates that QISGX's price experiences larger fluctuations and is considered to be riskier than SGPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QISGX	SGPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	4.10%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	16.27%	12.96%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	21.63%	17.84%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.59%	21.61%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	22.31%	+2.36%

QISGX vs. SGPIX - Expense Ratio Comparison

QISGX has a 0.89% expense ratio, which is lower than SGPIX's 1.60% expense ratio.

Dividends

QISGX vs. SGPIX - Dividend Comparison

QISGX's dividend yield for the trailing twelve months is around 3.29%, while SGPIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SGPIX ProFunds Small Cap Growth Fund	0.00%	0.18%	1.58%	0.80%	3.80%	2.06%	0.00%	0.00%	4.29%	0.00%	0.00%	2.58%

Frequently Asked Questions

Can I hold both QISGX and SGPIX in my portfolio?

QISGX and SGPIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QISGX or SGPIX?

QISGX has higher volatility (5.16%) compared to SGPIX (4.10%). In terms of maximum drawdown, QISGX dropped -60.75% vs SGPIX's -58.70%.

Which has better risk-adjusted returns?

QISGX currently has the higher Sharpe Ratio (1.60 vs 1.50), 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.