QQMNX vs. QAMNX

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and Federated Hermes MDT Market Neutral A (QAMNX).

QQMNX is an actively managed fund by Federated. It was launched on Sep 30, 2008. QAMNX is managed by Federated. It was launched on Sep 30, 2008.

Performance

QQMNX vs. QAMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and Federated Hermes MDT Market Neutral A (QAMNX). The values are adjusted to include any dividend payments, if applicable.

QQMNX vs. QAMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares	1.46%	10.27%	17.59%	4.96%	9.47%	12.38%
QAMNX Federated Hermes MDT Market Neutral A	1.36%	10.00%	17.33%	4.71%	9.19%	12.29%

Returns By Period

In the year-to-date period, QQMNX achieves a 1.46% return, which is significantly higher than QAMNX's 1.36% return.

QQMNX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 1.46%
• 6M: 5.72%
• 1Y: 8.14%
• 3Y*: 10.63%
• 5Y*: —
• 10Y*: —

QAMNX

• 1D: -0.05%
• 1M: -0.05%
• YTD: 1.36%
• 6M: 5.54%
• 1Y: 7.82%
• 3Y*: 10.36%
• 5Y*: —
• 10Y*: —

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

QQMNX vs. QAMNX - Expense Ratio Comparison

Both QQMNX and QAMNX have an expense ratio of 1.86%.

QQMNX

Federated Hermes MDT Market Neutral Fund Institutional Shares

QAMNX

Federated Hermes MDT Market Neutral A

Return for Risk

QQMNX vs. QAMNX — Risk / Return Rank

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

QQMNX

QQMNX Risk / Return Rank: 63
QQMNX Sharpe Ratio Rank: 63
QQMNX Sortino Ratio Rank: 70
QQMNX Omega Ratio Rank: 67
QQMNX Calmar Ratio Rank: 69
QQMNX Martin Ratio Rank: 47

QAMNX

QAMNX Risk / Return Rank: 69
QAMNX Sharpe Ratio Rank: 67
QAMNX Sortino Ratio Rank: 73
QAMNX Omega Ratio Rank: 69
QAMNX Calmar Ratio Rank: 79
QAMNX Martin Ratio Rank: 56

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.

QQMNX vs. QAMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and Federated Hermes MDT Market Neutral A (QAMNX). 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.

	QQMNX	QAMNX	Difference
Sharpe ratio Return per unit of total volatility	1.26	1.23	+0.03
Sortino ratio Return per unit of downside risk	1.93	1.90	+0.03
Omega ratio Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio Return relative to maximum drawdown	1.86	1.97	-0.11
Martin ratio Return relative to average drawdown	5.54	5.71	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQMNX vs. QAMNX - Sharpe Ratio Comparison

The current QQMNX Sharpe Ratio is 1.26, which is comparable to the QAMNX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of QQMNX and QAMNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQMNX	QAMNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.23	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.87	+0.04

Correlation

The correlation between QQMNX and QAMNX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQMNX vs. QAMNX - Dividend Comparison

QQMNX's dividend yield for the trailing twelve months is around 1.72%, more than QAMNX's 1.51% yield.

	TTM	2025	2024	2023	2022	2021
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares	1.72%	1.74%	1.86%	5.94%	11.53%	20.33%
QAMNX Federated Hermes MDT Market Neutral A	1.51%	1.53%	1.85%	5.89%	11.74%	20.80%

Drawdowns

QQMNX vs. QAMNX - Drawdown Comparison

The maximum QQMNX drawdown since its inception was -17.50%, roughly equal to the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for QQMNX and QAMNX.

Drawdown Indicators

	QQMNX	QAMNX	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-17.97%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-4.37%	-4.16%	-0.21%
Current Drawdown Current decline from peak	-0.54%	-0.42%	-0.12%
Average Drawdown Average peak-to-trough decline	-4.94%	-5.25%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.44%	+0.03%

Volatility

QQMNX vs. QAMNX - Volatility Comparison

Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and Federated Hermes MDT Market Neutral A (QAMNX) have volatilities of 1.01% and 1.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQMNX	QAMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.03%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	5.02%	4.88%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	6.48%	6.38%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	14.04%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	14.04%	-0.32%