XPTFX vs. QAMNX

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes Project and Trade Finance Tender Fund (XPTFX) and Federated Hermes MDT Market Neutral A (QAMNX).

XPTFX is managed by Federated. It was launched on Jan 31, 2017. QAMNX is managed by Federated. It was launched on Sep 30, 2008.

Performance

XPTFX vs. QAMNX - Performance Comparison

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

XPTFX vs. QAMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XPTFX Federated Hermes Project and Trade Finance Tender Fund	1.41%	7.47%	8.62%	8.55%	3.74%	0.40%
QAMNX Federated Hermes MDT Market Neutral A	1.36%	10.00%	17.33%	4.71%	9.19%	12.29%

Returns By Period

The year-to-date returns for both stocks are quite close, with XPTFX having a 1.41% return and QAMNX slightly lower at 1.36%.

XPTFX

• 1D: 0.00%
• 1M: 0.41%
• YTD: 1.41%
• 6M: 3.05%
• 1Y: 7.24%
• 3Y*: 8.09%
• 5Y*: 6.17%
• 10Y*: —

QAMNX

• 1D: -0.05%
• 1M: -0.05%
• YTD: 1.36%
• 6M: 5.54%
• 1Y: 7.82%
• 3Y*: 10.36%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XPTFX vs. QAMNX - Expense Ratio Comparison

XPTFX has a 0.41% expense ratio, which is lower than QAMNX's 1.86% expense ratio.

QAMNX

Federated Hermes MDT Market Neutral A

XPTFX

Federated Hermes Project and Trade Finance Tender Fund

Return for Risk

XPTFX vs. QAMNX — Risk / Return Rank

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

XPTFX

XPTFX Risk / Return Rank: 90
XPTFX Sharpe Ratio Rank: 96
XPTFX Sortino Ratio Rank: 96
XPTFX Omega Ratio Rank: 99
XPTFX Calmar Ratio Rank: 88
XPTFX Martin Ratio Rank: 74

QAMNX

QAMNX Risk / Return Rank: 69
QAMNX Sharpe Ratio Rank: 67
QAMNX Sortino Ratio Rank: 73
QAMNX Omega Ratio Rank: 69
QAMNX Calmar Ratio Rank: 79
QAMNX Martin Ratio Rank: 56

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.

XPTFX vs. QAMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) 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.

	XPTFX	QAMNX	Difference
Sharpe ratio Return per unit of total volatility	2.39	1.23	+1.16
Sortino ratio Return per unit of downside risk	3.44	1.90	+1.54
Omega ratio Gain probability vs. loss probability	2.98	1.27	+1.71
Calmar ratio Return relative to maximum drawdown	2.46	1.97	+0.49
Martin ratio Return relative to average drawdown	7.69	5.71	+1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPTFX vs. QAMNX - Sharpe Ratio Comparison

The current XPTFX Sharpe Ratio is 2.39, which is higher than the QAMNX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XPTFX 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.

Sharpe Ratios by Period

	XPTFX	QAMNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	1.23	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.31	0.87	+1.44

Correlation

The correlation between XPTFX 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

XPTFX vs. QAMNX - Dividend Comparison

XPTFX's dividend yield for the trailing twelve months is around 6.12%, more than QAMNX's 1.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
XPTFX Federated Hermes Project and Trade Finance Tender Fund	6.12%	7.24%	6.78%	6.66%	5.70%	2.21%	2.74%	4.62%	4.60%
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%

Drawdowns

XPTFX vs. QAMNX - Drawdown Comparison

The maximum XPTFX drawdown since its inception was -2.95%, smaller than the maximum QAMNX drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for XPTFX and QAMNX.

Drawdown Indicators

	XPTFX	QAMNX	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-17.97%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	-4.16%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	-2.95%	—	—
Current Drawdown Current decline from peak	-0.57%	-0.42%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.27%	-5.25%	+4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	1.44%	-0.81%

Volatility

XPTFX vs. QAMNX - Volatility Comparison

The current volatility for Federated Hermes Project and Trade Finance Tender Fund (XPTFX) is 0.30%, while Federated Hermes MDT Market Neutral A (QAMNX) has a volatility of 1.03%. This indicates that XPTFX experiences smaller price fluctuations and is considered to be less risky than QAMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPTFX	QAMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	1.03%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	4.88%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	6.38%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.52%	14.04%	-11.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	14.04%	-12.01%