SNOIX vs. QAMNX
Compare and contrast key facts about Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Federated Hermes MDT Market Neutral A (QAMNX).
SNOIX is managed by Snow Capital Funds. It was launched on Apr 27, 2006. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
SNOIX vs. QAMNX - Performance Comparison
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SNOIX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNOIX Easterly Snow Capital Long/Short Opportunity Fund | 4.60% | 20.66% | 5.17% | 10.84% | -3.10% | 6.92% |
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, SNOIX achieves a 4.60% return, which is significantly higher than QAMNX's 1.41% return.
SNOIX
- 1D
- -0.47%
- 1M
- -2.06%
- YTD
- 4.60%
- 6M
- 10.65%
- 1Y
- 23.47%
- 3Y*
- 13.63%
- 5Y*
- 8.96%
- 10Y*
- 10.60%
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
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SNOIX vs. QAMNX - Expense Ratio Comparison
SNOIX has a 1.41% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
SNOIX vs. QAMNX — Risk / Return Rank
SNOIX
QAMNX
SNOIX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) 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.
| SNOIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 1.30 | +0.19 |
Sortino ratioReturn per unit of downside risk | 2.05 | 2.00 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.81 | -0.08 |
Martin ratioReturn relative to average drawdown | 8.69 | 5.23 | +3.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNOIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.30 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.87 | -0.56 |
Correlation
The correlation between SNOIX and QAMNX is 0.03, 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
SNOIX vs. QAMNX - Dividend Comparison
SNOIX's dividend yield for the trailing twelve months is around 6.61%, more than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNOIX Easterly Snow Capital Long/Short Opportunity Fund | 6.61% | 6.91% | 5.10% | 2.29% | 7.07% | 8.98% | 1.86% | 1.95% | 2.06% | 4.80% | 0.36% | 2.79% |
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% | 0.00% | 0.00% |
Drawdowns
SNOIX vs. QAMNX - Drawdown Comparison
The maximum SNOIX drawdown since its inception was -65.34%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for SNOIX and QAMNX.
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Drawdown Indicators
| SNOIX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -17.97% | -47.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -4.16% | -8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.43% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -0.37% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -5.26% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.44% | +1.05% |
Volatility
SNOIX vs. QAMNX - Volatility Comparison
Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) has a higher volatility of 3.08% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.07%. This indicates that SNOIX'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.
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Volatility by Period
| SNOIX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 1.07% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 4.88% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 6.39% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 14.05% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 14.05% | +2.55% |