RLSIX vs. QAMNX
Compare and contrast key facts about RiverPark Long/Short Opportunity Fund (RLSIX) and Federated Hermes MDT Market Neutral A (QAMNX).
RLSIX is managed by RiverPark Funds. It was launched on Mar 29, 2012. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
RLSIX vs. QAMNX - Performance Comparison
Loading graphics...
RLSIX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RLSIX RiverPark Long/Short Opportunity Fund | -12.16% | 8.57% | 16.06% | 43.85% | -53.89% | -9.49% |
QAMNX Federated Hermes MDT Market Neutral A | 1.41% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, RLSIX achieves a -12.16% return, which is significantly lower than QAMNX's 1.41% return.
RLSIX
- 1D
- 0.15%
- 1M
- -6.41%
- YTD
- -12.16%
- 6M
- -12.05%
- 1Y
- 1.19%
- 3Y*
- 11.41%
- 5Y*
- -5.17%
- 10Y*
- 5.37%
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RLSIX vs. QAMNX - Expense Ratio Comparison
RLSIX has a 1.75% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
RLSIX vs. QAMNX — Risk / Return Rank
RLSIX
QAMNX
RLSIX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) 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.
| RLSIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 1.30 | -1.21 |
Sortino ratioReturn per unit of downside risk | 0.24 | 2.00 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.81 | -1.86 |
Martin ratioReturn relative to average drawdown | -0.17 | 5.23 | -5.39 |
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
| RLSIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.30 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.87 | -0.53 |
Correlation
The correlation between RLSIX and QAMNX is 0.02, 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
RLSIX vs. QAMNX - Dividend Comparison
RLSIX has not paid dividends to shareholders, while QAMNX's dividend yield for the trailing twelve months is around 1.51%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLSIX RiverPark Long/Short Opportunity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% |
QAMNX Federated Hermes MDT Market Neutral A | 1.51% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RLSIX vs. QAMNX - Drawdown Comparison
The maximum RLSIX drawdown since its inception was -60.82%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for RLSIX and QAMNX.
Loading graphics...
Drawdown Indicators
| RLSIX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -17.97% | -42.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -4.16% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.82% | — | — |
Current DrawdownCurrent decline from peak | -34.87% | -0.37% | -34.50% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -5.26% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.44% | +2.92% |
Volatility
RLSIX vs. QAMNX - Volatility Comparison
RiverPark Long/Short Opportunity Fund (RLSIX) has a higher volatility of 3.92% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.07%. This indicates that RLSIX's price experiences larger fluctuations and is considered to be riskier than QAMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| RLSIX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 1.07% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 4.88% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 6.39% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 14.05% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 14.05% | +7.47% |