VCGAX vs. QKACX

Last updated Aug 1, 2026

VCGAX (VALIC Company I Systematic Core Fund) and QKACX (Federated Hermes MDT All Cap Core Fund Class R6) are both Large Cap Blend Equities funds. Over the past 10 years, VCGAX returned 13.16%/yr vs 16.60%/yr for QKACX. Their correlation of 0.92 means they have usually moved in the same direction. VCGAX charges 0.63%/yr vs 0.73%/yr for QKACX.

Performance

VCGAX vs. QKACX - Performance Comparison

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

Returns By Period

In the year-to-date period, VCGAX achieves a 7.85% return, which is significantly lower than QKACX's 8.33% return. Over the past 10 years, VCGAX has underperformed QKACX with an annualized return of 13.16%, while QKACX has yielded a comparatively higher 16.60% annualized return.

VCGAX

• 1D: 1.08%
• 1M: 0.94%
• 6M: 7.51%
• YTD: 7.85%
• 1Y: 18.04%
• 3Y*: 14.99%
• 5Y*: 9.50%
• 10Y*: 13.16%
• ALL TIME*: 4.87%

QKACX

• 1D: 1.49%
• 1M: 0.83%
• 6M: 8.35%
• YTD: 8.33%
• 1Y: 16.33%
• 3Y*: 22.32%
• 5Y*: 14.89%
• 10Y*: 16.60%
• ALL TIME*: 10.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QKACX Federated Hermes MDT All Cap Core Fund Class R6	$0.00	$0.00	$0.00
VCGAX VALIC Company I Systematic Core Fund	$0.00	$0.00	$0.00

VCGAX vs. QKACX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCGAX VALIC Company I Systematic Core Fund	7.85%	9.41%	23.14%	23.94%	-18.71%	26.34%	24.07%	30.50%	-8.98%	21.09%
QKACX Federated Hermes MDT All Cap Core Fund Class R6	8.33%	21.16%	31.05%	23.55%	-14.17%	31.45%	22.00%	26.88%	-2.65%	21.15%

Correlation

The correlation between VCGAX and QKACX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.92

Over the past year, the correlation between VCGAX and QKACX has dropped to 0.47 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

VCGAX vs. QKACX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VCGAX

VCGAX Risk / Return Rank: 47
VCGAX Sharpe Ratio Rank: 49
VCGAX Sortino Ratio Rank: 50
VCGAX Omega Ratio Rank: 45
VCGAX Calmar Ratio Rank: 41
VCGAX Martin Ratio Rank: 51

QKACX

QKACX Risk / Return Rank: 50
QKACX Sharpe Ratio Rank: 44
QKACX Sortino Ratio Rank: 45
QKACX Omega Ratio Rank: 51
QKACX Calmar Ratio Rank: 49
QKACX Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VCGAX vs. QKACX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Systematic Core Fund (VCGAX) and Federated Hermes MDT All Cap Core Fund Class R6 (QKACX). 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.

	VCGAX	QKACX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.26	+0.08
Sortino ratio: Return per unit of downside risk	1.94	1.85	+0.09
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	1.67	1.86	-0.18
Martin ratio: Return relative to average drawdown	7.05	8.02	-0.97

VCGAX vs. QKACX - Sharpe Ratio Comparison

The current VCGAX Sharpe Ratio is 1.33, which is comparable to the QKACX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of VCGAX and QKACX, 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

VCGAX vs. QKACX - Drawdown Comparison

The maximum VCGAX drawdown since its inception was -71.37%, which is greater than QKACX's maximum drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for VCGAX and QKACX.

Drawdown Indicators

	VCGAX	QKACX	Difference
Max Drawdown Largest peak-to-trough decline	-71.37%	-60.51%	-10.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-8.66%	-0.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.35%	-19.42%	-2.93%
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	-23.05%	-1.85%
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	-36.47%	+2.06%
Current Drawdown Current decline from peak	-0.74%	-0.21%	-0.53%
Average Drawdown Average peak-to-trough decline	-25.12%	-11.12%	-14.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.00%	+0.26%

Volatility

VCGAX vs. QKACX - Volatility Comparison

VALIC Company I Systematic Core Fund (VCGAX) and Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) have volatilities of 3.07% and 3.11%, 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

	VCGAX	QKACX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	10.05%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	12.78%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	17.43%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	18.64%	-0.29%

VCGAX vs. QKACX - Expense Ratio Comparison

VCGAX has a 0.63% expense ratio, which is lower than QKACX's 0.73% expense ratio.

Dividends

VCGAX vs. QKACX - Dividend Comparison

VCGAX's dividend yield for the trailing twelve months is around 6.29%, more than QKACX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QKACX Federated Hermes MDT All Cap Core Fund Class R6	4.36%	4.72%	8.90%	1.45%	11.20%	17.85%	3.09%	3.41%	8.83%	0.74%	0.00%	0.52%
VCGAX VALIC Company I Systematic Core Fund	6.29%	0.00%	1.69%	4.83%	0.79%	9.20%	10.09%	10.41%	1.01%	3.82%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VCGAX and QKACX in my portfolio?

VCGAX and QKACX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCGAX or QKACX?

QKACX has higher volatility (3.11%) compared to VCGAX (3.07%). In terms of maximum drawdown, VCGAX dropped -71.37% vs QKACX's -60.51%.

Which has better risk-adjusted returns?

VCGAX currently has the higher Sharpe Ratio (1.33 vs 1.26), 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.