PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VSFAX vs. QAMNX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VSFAX vs. QAMNX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Clover Small Value Fund (VSFAX) and Federated Hermes MDT Market Neutral A (QAMNX).

VSFAX is managed by Federated. It was launched on Feb 28, 1996. QAMNX is managed by Federated. It was launched on Sep 30, 2008.

Performance

VSFAX vs. QAMNX - Performance Comparison

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

Loading graphics...

VSFAX vs. QAMNX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
VSFAX
Federated Hermes Clover Small Value Fund		-2.42%7.53%20.49%10.43%-8.82%6.97%
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, VSFAX achieves a -2.42% return, which is significantly lower than QAMNX's 1.41% return.

VSFAX

1D
-1.05%
1M
-8.86%
YTD
-2.42%
6M
0.36%
1Y
11.12%
3Y*
11.44%
5Y*
6.75%
10Y*
9.30%

QAMNX

1D
0.33%
1M
-0.28%
YTD
1.41%
6M
5.59%
1Y
7.87%
3Y*
10.38%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes Clover Small Value Fund

Federated Hermes MDT Market Neutral A

Often compared with VSFAX:
VSFAX vs. AVUVVSFAX vs. BOSOXVSFAX vs. ZPRV.DEVSFAX vs. VBVSFAX vs. VSMAXVSFAX vs. BEARXVSFAX vs. HWSAX
Often compared with QAMNX:
QAMNX vs. BDMIXQAMNX vs. VMNFXQAMNX vs. QLEIXQAMNX vs. GTAPXQAMNX vs. QMNNXQAMNX vs. SPYQAMNX vs. SNOIX

VSFAX vs. QAMNX - Expense Ratio Comparison

VSFAX has a 1.14% expense ratio, which is lower than QAMNX's 1.86% expense ratio.

QAMNX
Federated Hermes MDT Market Neutral A
VSFAX
Federated Hermes Clover Small Value Fund

Return for Risk

VSFAX vs. QAMNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VSFAX
VSFAX Risk / Return Rank: 1919
Overall Rank
VSFAX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
VSFAX Sortino Ratio Rank: 1919
Sortino Ratio Rank
VSFAX Omega Ratio Rank: 1919
Omega Ratio Rank
VSFAX Calmar Ratio Rank: 2020
Calmar Ratio Rank
VSFAX Martin Ratio Rank: 2121
Martin Ratio Rank
QAMNX
QAMNX Risk / Return Rank: 7272
Overall Rank
QAMNX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
QAMNX Sortino Ratio Rank: 8080
Sortino Ratio Rank
QAMNX Omega Ratio Rank: 7676
Omega Ratio Rank
QAMNX Calmar Ratio Rank: 7777
Calmar Ratio Rank
QAMNX Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSFAX vs. QAMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Clover Small Value Fund (VSFAX) 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.

VSFAXQAMNXDifference

Sharpe ratio

Return per unit of total volatility

0.47

1.30

-0.83

Sortino ratio

Return per unit of downside risk

0.81

2.00

-1.19

Omega ratio

Gain probability vs. loss probability

1.12

1.28

-0.17

Calmar ratio

Return relative to maximum drawdown

0.59

1.81

-1.22

Martin ratio

Return relative to average drawdown

2.23

5.23

-3.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSFAX vs. QAMNX - Sharpe Ratio Comparison

The current VSFAX Sharpe Ratio is 0.47, which is lower than the QAMNX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of VSFAX 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.

Loading graphics...

Sharpe Ratios by Period

VSFAXQAMNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.47

1.30

-0.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.87

-0.64

Correlation

The correlation between VSFAX 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

VSFAX vs. QAMNX - Dividend Comparison

VSFAX's dividend yield for the trailing twelve months is around 3.54%, more than QAMNX's 1.51% yield.

TTM20252024202320222021202020192018201720162015
VSFAX
Federated Hermes Clover Small Value Fund		3.54%3.45%20.39%2.91%9.15%8.62%0.11%0.35%23.83%16.53%2.33%2.20%
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

VSFAX vs. QAMNX - Drawdown Comparison

The maximum VSFAX drawdown since its inception was -78.14%, which is greater than QAMNX's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for VSFAX and QAMNX.

Loading graphics...

Drawdown Indicators

VSFAXQAMNXDifference

Max Drawdown

Largest peak-to-trough decline

-78.14%

-17.97%

-60.17%

Max Drawdown (1Y)

Largest decline over 1 year

-13.82%

-4.16%

-9.66%

Max Drawdown (5Y)

Largest decline over 5 years

-30.07%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-48.57%

—

—

Current Drawdown

Current decline from peak

-9.87%

-0.37%

-9.50%

Average Drawdown

Average peak-to-trough decline

-20.96%

-5.26%

-15.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

1.44%

+2.55%

Volatility

VSFAX vs. QAMNX - Volatility Comparison

Federated Hermes Clover Small Value Fund (VSFAX) has a higher volatility of 5.18% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.07%. This indicates that VSFAX'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

VSFAXQAMNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.18%

1.07%

+4.11%

Volatility (6M)

Calculated over the trailing 6-month period

12.92%

4.88%

+8.04%

Volatility (1Y)

Calculated over the trailing 1-year period

20.12%

6.39%

+13.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.38%

14.05%

+9.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.02%

14.05%

+9.97%