WTLS vs. QAMNX
Compare and contrast key facts about WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Federated Hermes MDT Market Neutral A (QAMNX).
WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026. QAMNX is managed by Federated. It was launched on Sep 30, 2008.
Performance
WTLS vs. QAMNX - Performance Comparison
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WTLS vs. QAMNX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WTLS WisdomTree Efficient Long/Short US Equity Fund | -2.35% |
QAMNX Federated Hermes MDT Market Neutral A | 3.55% |
Returns By Period
WTLS
- 1D
- 3.22%
- 1M
- -4.31%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QAMNX
- 1D
- 0.33%
- 1M
- -0.28%
- YTD
- 1.41%
- 6M
- 5.59%
- 1Y
- 7.87%
- 3Y*
- 10.38%
- 5Y*
- —
- 10Y*
- —
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WTLS vs. QAMNX - Expense Ratio Comparison
WTLS has a 0.88% expense ratio, which is lower than QAMNX's 1.86% expense ratio.
Return for Risk
WTLS vs. QAMNX — Risk / Return Rank
WTLS
QAMNX
WTLS vs. QAMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Long/Short US Equity Fund (WTLS) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| WTLS | QAMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.87 | -1.48 |
Correlation
The correlation between WTLS 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
WTLS vs. QAMNX - Dividend Comparison
WTLS has not paid dividends to shareholders, while QAMNX's dividend yield for the trailing twelve months is around 1.51%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WTLS WisdomTree Efficient Long/Short US Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QAMNX Federated Hermes MDT Market Neutral A | 1.51% | 1.53% | 1.85% | 5.89% | 11.74% | 20.80% |
Drawdowns
WTLS vs. QAMNX - Drawdown Comparison
The maximum WTLS drawdown since its inception was -8.94%, smaller than the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for WTLS and QAMNX.
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Drawdown Indicators
| WTLS | QAMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.94% | -17.97% | +9.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.16% | — |
Current DrawdownCurrent decline from peak | -6.01% | -0.37% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -5.26% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.44% | — |
Volatility
WTLS vs. QAMNX - Volatility Comparison
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Volatility by Period
| WTLS | QAMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 6.39% | +13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 14.05% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 14.05% | +5.83% |