VMNFX vs. QAMNX
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and Federated Hermes MDT Market Neutral A (QAMNX).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or QAMNX.
Key characteristics
| VMNFX | QAMNX | |
|---|---|---|
| YTD Return | 7.53% | 20.53% |
| 1Y Return | 7.41% | 18.02% |
| 3Y Return (Ann) | 14.02% | 1.50% |
| Sharpe Ratio | 1.27 | 3.06 |
| Sortino Ratio | 1.89 | 4.47 |
| Omega Ratio | 1.22 | 1.59 |
| Calmar Ratio | 2.40 | 0.99 |
| Martin Ratio | 5.41 | 14.90 |
| Ulcer Index | 1.46% | 1.24% |
| Daily Std Dev | 6.21% | 6.04% |
| Max Drawdown | -25.42% | -24.51% |
| Current Drawdown | -1.73% | -1.76% |
Correlation
The correlation between VMNFX and QAMNX is 0.32, 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.
Performance
VMNFX vs. QAMNX - Performance Comparison
In the year-to-date period, VMNFX achieves a 7.53% return, which is significantly lower than QAMNX's 20.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
VMNFX vs. QAMNX - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 4.77%, more than QAMNX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.77% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
QAMNX Federated Hermes MDT Market Neutral A | 2.47% | 2.98% | 0.00% | 0.00% | 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 -25.42%, roughly equal to the maximum QAMNX 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.
Volatility
VMNFX vs. QAMNX - Volatility Comparison
Vanguard Market Neutral Fund Investor Shares (VMNFX) has a higher volatility of 2.29% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 2.10%. This indicates that VMNFX'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.