QQMNX vs. QMNNX
Compare and contrast key facts about Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) and AQR Equity Market Neutral Fund N (QMNNX).
QQMNX is an actively managed fund by Federated. It was launched on Sep 30, 2008. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
QQMNX vs. QMNNX - Performance Comparison
Loading graphics...
QQMNX vs. QMNNX - 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% |
QMNNX AQR Equity Market Neutral Fund N | -3.52% | 26.19% | 25.43% | 16.30% | 27.07% | 9.64% |
Returns By Period
In the year-to-date period, QQMNX achieves a 1.46% return, which is significantly higher than QMNNX's -3.52% return.
QQMNX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 1.46%
- 6M
- 5.72%
- 1Y
- 8.14%
- 3Y*
- 10.63%
- 5Y*
- —
- 10Y*
- —
QMNNX
- 1D
- -0.17%
- 1M
- 0.43%
- YTD
- -3.52%
- 6M
- 1.87%
- 1Y
- 10.76%
- 3Y*
- 20.68%
- 5Y*
- 18.37%
- 10Y*
- 6.07%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQMNX vs. QMNNX - Expense Ratio Comparison
QQMNX has a 1.86% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
QQMNX vs. QMNNX — Risk / Return Rank
QQMNX
QMNNX
QQMNX vs. QMNNX - 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 AQR Equity Market Neutral Fund N (QMNNX). 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 | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.77 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.40 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.06 | -0.20 |
Martin ratioReturn relative to average drawdown | 5.54 | 5.15 | +0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QQMNX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.77 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.87 | +0.03 |
Correlation
The correlation between QQMNX and QMNNX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QQMNX vs. QMNNX - Dividend Comparison
QQMNX's dividend yield for the trailing twelve months is around 1.72%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQMNX Federated Hermes MDT Market Neutral Fund Institutional Shares | 1.72% | 1.74% | 1.86% | 5.94% | 11.53% | 20.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QMNNX AQR Equity Market Neutral Fund N | 1.30% | 1.26% | 6.06% | 21.67% | 5.77% | 1.41% | 17.64% | 3.86% | 0.49% | 3.37% | 1.19% | 2.51% |
Drawdowns
QQMNX vs. QMNNX - Drawdown Comparison
The maximum QQMNX drawdown since its inception was -17.50%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for QQMNX and QMNNX.
Loading graphics...
Drawdown Indicators
| QQMNX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -39.22% | +21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -5.47% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.22% | — |
Current DrawdownCurrent decline from peak | -0.54% | -3.92% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -10.67% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.19% | -0.72% |
Volatility
QQMNX vs. QMNNX - Volatility Comparison
The current volatility for Federated Hermes MDT Market Neutral Fund Institutional Shares (QQMNX) is 1.01%, while AQR Equity Market Neutral Fund N (QMNNX) has a volatility of 1.36%. This indicates that QQMNX experiences smaller price fluctuations and is considered to be less risky than QMNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QQMNX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.36% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.02% | 4.07% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.48% | 6.29% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 9.53% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 8.23% | +5.49% |