WRAIX vs. QAMNX
Compare and contrast key facts about Wilmington Global Alpha Equities Fund (WRAIX) and Federated Hermes MDT Market Neutral A (QAMNX).
WRAIX is managed by Wilmington Funds. It was launched on Jan 11, 2012. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
WRAIX vs. QAMNX - Performance Comparison
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WRAIX vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | -2.64% | 9.13% | 7.74% | 7.73% | -3.41% | 1.58% |
QAMNX Federated Hermes MDT Market Neutral A | 1.36% | 10.00% | 17.33% | 4.71% | 9.19% | 12.29% |
Returns By Period
In the year-to-date period, WRAIX achieves a -2.64% return, which is significantly lower than QAMNX's 1.36% return.
WRAIX
- 1D
- 0.21%
- 1M
- -4.63%
- YTD
- -2.64%
- 6M
- -1.38%
- 1Y
- 4.04%
- 3Y*
- 6.90%
- 5Y*
- 4.68%
- 10Y*
- 4.78%
QAMNX
- 1D
- -0.05%
- 1M
- -0.05%
- YTD
- 1.36%
- 6M
- 5.54%
- 1Y
- 7.82%
- 3Y*
- 10.36%
- 5Y*
- —
- 10Y*
- —
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WRAIX vs. QAMNX - Expense Ratio Comparison
WRAIX has a 1.24% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
WRAIX vs. QAMNX — Risk / Return Rank
WRAIX
QAMNX
WRAIX vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) 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.
| WRAIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.23 | -0.68 |
Sortino ratioReturn per unit of downside risk | 0.84 | 1.90 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.97 | -1.20 |
Martin ratioReturn relative to average drawdown | 3.10 | 5.71 | -2.60 |
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
| WRAIX | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.23 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.87 | -0.25 |
Correlation
The correlation between WRAIX and QAMNX is 0.07, 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
WRAIX vs. QAMNX - Dividend Comparison
WRAIX's dividend yield for the trailing twelve months is around 0.18%, less than QAMNX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | 0.18% | 0.17% | 1.47% | 1.31% | 2.77% | 0.52% | 1.98% | 1.15% | 1.25% | 1.15% | 0.30% | 2.38% |
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
WRAIX vs. QAMNX - Drawdown Comparison
The maximum WRAIX drawdown since its inception was -15.44%, smaller than the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for WRAIX and QAMNX.
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Drawdown Indicators
| WRAIX | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -17.97% | +2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -4.16% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.44% | — | — |
Current DrawdownCurrent decline from peak | -4.83% | -0.42% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -5.25% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.44% | -0.19% |
Volatility
WRAIX vs. QAMNX - Volatility Comparison
Wilmington Global Alpha Equities Fund (WRAIX) has a higher volatility of 2.70% compared to Federated Hermes MDT Market Neutral A (QAMNX) at 1.03%. This indicates that WRAIX'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
| WRAIX | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.03% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.56% | 4.88% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 6.38% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 14.04% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 14.04% | -7.36% |