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VMNFX vs. QAMNX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VMNFX and QAMNX is 0.11, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

VMNFX vs. QAMNX - Performance Comparison

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

10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
49.63%
12.84%
VMNFX
QAMNX

Key characteristics

Sharpe Ratio

VMNFX:

-0.01

QAMNX:

1.93

Sortino Ratio

VMNFX:

0.04

QAMNX:

2.78

Omega Ratio

VMNFX:

1.00

QAMNX:

1.35

Calmar Ratio

VMNFX:

-0.01

QAMNX:

0.92

Martin Ratio

VMNFX:

-0.02

QAMNX:

9.18

Ulcer Index

VMNFX:

2.37%

QAMNX:

1.26%

Daily Std Dev

VMNFX:

6.61%

QAMNX:

5.97%

Max Drawdown

VMNFX:

-25.93%

QAMNX:

-24.51%

Current Drawdown

VMNFX:

-3.22%

QAMNX:

0.00%

Returns By Period

In the year-to-date period, VMNFX achieves a 0.11% return, which is significantly lower than QAMNX's 4.68% return.


VMNFX

YTD

0.11%

1M

-0.27%

6M

-1.18%

1Y

-0.33%

5Y*

8.92%

10Y*

3.30%

QAMNX

YTD

4.68%

1M

0.88%

6M

5.66%

1Y

12.71%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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VMNFX vs. QAMNX - Expense Ratio Comparison

VMNFX has a 1.31% expense ratio, which is lower than QAMNX's 1.86% expense ratio.


Expense ratio chart for QAMNX: current value is 1.86%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QAMNX: 1.86%
Expense ratio chart for VMNFX: current value is 1.31%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VMNFX: 1.31%

Risk-Adjusted Performance

VMNFX vs. QAMNX — Risk-Adjusted Performance Rank

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

VMNFX
The Risk-Adjusted Performance Rank of VMNFX is 2020
Overall Rank
The Sharpe Ratio Rank of VMNFX is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of VMNFX is 1818
Sortino Ratio Rank
The Omega Ratio Rank of VMNFX is 1717
Omega Ratio Rank
The Calmar Ratio Rank of VMNFX is 2121
Calmar Ratio Rank
The Martin Ratio Rank of VMNFX is 2121
Martin Ratio Rank

QAMNX
The Risk-Adjusted Performance Rank of QAMNX is 8989
Overall Rank
The Sharpe Ratio Rank of QAMNX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of QAMNX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of QAMNX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of QAMNX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of QAMNX is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMNFX vs. QAMNX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) 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.


The chart of Sharpe ratio for VMNFX, currently valued at -0.01, compared to the broader market-1.000.001.002.003.00
VMNFX: -0.01
QAMNX: 1.93
The chart of Sortino ratio for VMNFX, currently valued at 0.04, compared to the broader market-2.000.002.004.006.008.00
VMNFX: 0.04
QAMNX: 2.78
The chart of Omega ratio for VMNFX, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.00
VMNFX: 1.00
QAMNX: 1.35
The chart of Calmar ratio for VMNFX, currently valued at -0.01, compared to the broader market0.002.004.006.008.0010.00
VMNFX: -0.01
QAMNX: 0.92
The chart of Martin ratio for VMNFX, currently valued at -0.02, compared to the broader market0.0010.0020.0030.0040.0050.00
VMNFX: -0.02
QAMNX: 9.18

The current VMNFX Sharpe Ratio is -0.01, which is lower than the QAMNX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of VMNFX 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.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.01
1.93
VMNFX
QAMNX

Dividends

VMNFX vs. QAMNX - Dividend Comparison

VMNFX's dividend yield for the trailing twelve months is around 5.67%, more than QAMNX's 1.77% yield.


TTM2024202320222021202020192018201720162015
VMNFX
Vanguard Market Neutral Fund Investor Shares
5.67%5.61%5.09%0.75%0.15%0.81%3.16%0.94%1.07%0.38%0.02%
QAMNX
Federated Hermes MDT Market Neutral A
1.77%1.85%2.98%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VMNFX vs. QAMNX - Drawdown Comparison

The maximum VMNFX drawdown since its inception was -25.93%, which is greater than QAMNX's maximum drawdown of -24.51%. Use the drawdown chart below to compare losses from any high point for VMNFX and QAMNX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.22%
0
VMNFX
QAMNX

Volatility

VMNFX vs. QAMNX - Volatility Comparison

Vanguard Market Neutral Fund Investor Shares (VMNFX) and Federated Hermes MDT Market Neutral A (QAMNX) have volatilities of 2.33% and 2.35%, 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.


1.00%1.50%2.00%2.50%NovemberDecember2025FebruaryMarchApril
2.33%
2.35%
VMNFX
QAMNX