QKACX vs. QALGX

Last updated Jun 24, 2026

QKACX (Federated Hermes MDT All Cap Core Fund Class R6) and QALGX (Federated Hermes MDT Large Cap Growth Fund Class A) are both mutual funds - QKACX is a Large Cap Blend Equities fund actively managed by Federated Hermes, while QALGX is a Large Cap Growth Equities fund actively managed by Federated Hermes. Both are actively managed. Over the past 10 years, QKACX returned 17.18%/yr vs 19.93%/yr for QALGX. Their correlation of 0.94 suggests significant overlap in exposure. QKACX charges 0.73%/yr vs 1.00%/yr for QALGX.

Performance

QKACX vs. QALGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) and Federated Hermes MDT Large Cap Growth Fund Class A (QALGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QKACX achieves a 5.67% return, which is significantly higher than QALGX's 4.25% return. Over the past 10 years, QKACX has underperformed QALGX with an annualized return of 17.18%, while QALGX has yielded a comparatively higher 19.93% annualized return.

QKACX

• 1D: -0.24%
• 1M: -0.47%
• YTD: 5.67%
• 6M: 5.57%
• 1Y: 20.10%
• 3Y*: 23.79%
• 5Y*: 15.20%
• 10Y*: 17.18%

QALGX

• 1D: -0.81%
• 1M: -1.25%
• YTD: 4.25%
• 6M: 4.03%
• 1Y: 19.60%
• 3Y*: 25.55%
• 5Y*: 16.43%
• 10Y*: 19.93%

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

QKACX vs. QALGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QKACX Federated Hermes MDT All Cap Core Fund Class R6	5.67%	21.16%	31.05%	23.55%	-14.17%	31.45%	22.00%	26.88%	-2.65%	21.15%
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	4.25%	19.14%	40.93%	39.32%	-25.07%	30.14%	38.00%	31.73%	1.24%	25.16%

Correlation

The correlation between QKACX and QALGX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.94

The correlation between QKACX and QALGX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

QKACX vs. QALGX — Risk / Return Rank

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

QKACX

QKACX Risk / Return Rank: 47
QKACX Sharpe Ratio Rank: 39
QKACX Sortino Ratio Rank: 40
QKACX Omega Ratio Rank: 49
QKACX Calmar Ratio Rank: 46
QKACX Martin Ratio Rank: 59

QALGX

QALGX Risk / Return Rank: 21
QALGX Sharpe Ratio Rank: 22
QALGX Sortino Ratio Rank: 21
QALGX Omega Ratio Rank: 27
QALGX Calmar Ratio Rank: 16
QALGX Martin Ratio Rank: 17

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.

QKACX vs. QALGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) and Federated Hermes MDT Large Cap Growth Fund Class A (QALGX). 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.

	QKACX	QALGX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.23	+0.47
Sortino ratio: Return per unit of downside risk	2.46	1.76	+0.69
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	2.47	1.33	+1.14
Martin ratio: Return relative to average drawdown	10.99	4.10	+6.89

QKACX vs. QALGX - Sharpe Ratio Comparison

The current QKACX Sharpe Ratio is 1.70, which is higher than the QALGX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of QKACX and QALGX, 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

QKACX vs. QALGX - Drawdown Comparison

The maximum QKACX drawdown since its inception was -60.51%, which is greater than QALGX's maximum drawdown of -53.63%. Use the drawdown chart below to compare losses from any high point for QKACX and QALGX.

Drawdown Indicators

	QKACX	QALGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.51%	-53.63%	-6.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-15.86%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-19.42%	-25.02%	+5.60%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-30.12%	+7.07%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	-31.73%	-4.74%
Current Drawdown Current decline from peak	-2.20%	-4.91%	+2.71%
Average Drawdown Average peak-to-trough decline	-11.18%	-9.15%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	5.12%	-3.18%

Volatility

QKACX vs. QALGX - Volatility Comparison

The current volatility for Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) is 4.39%, while Federated Hermes MDT Large Cap Growth Fund Class A (QALGX) has a volatility of 6.25%. This indicates that QKACX experiences smaller price fluctuations and is considered to be less risky than QALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QKACX	QALGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	6.25%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	13.19%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	17.10%	-4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	21.27%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	21.41%	-2.68%

QKACX vs. QALGX - Expense Ratio Comparison

QKACX has a 0.73% expense ratio, which is lower than QALGX's 1.00% expense ratio.

Dividends

QKACX vs. QALGX - Dividend Comparison

QKACX's dividend yield for the trailing twelve months is around 4.47%, more than QALGX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QALGX Federated Hermes MDT Large Cap Growth Fund Class A	3.28%	3.42%	7.26%	1.59%	14.79%	20.92%	7.92%	5.33%	10.82%	7.70%	0.57%	12.13%
QKACX Federated Hermes MDT All Cap Core Fund Class R6	4.47%	4.72%	8.90%	1.45%	11.20%	17.85%	3.09%	3.41%	8.83%	0.74%	0.00%	0.52%

Frequently Asked Questions

Can I hold both QKACX and QALGX in my portfolio?

QKACX and QALGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QKACX or QALGX?

QALGX has higher volatility (6.25%) compared to QKACX (4.39%). In terms of maximum drawdown, QKACX dropped -60.51% vs QALGX's -53.63%.

Which has better risk-adjusted returns?

QKACX currently has the higher Sharpe Ratio (1.70 vs 1.23), 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.