The Scottish giants were denied victory by an injury-time leveller but Gerrard felt that his team were second best during the Scottish Premiership clash.
Gerrard said: "I'm disappointed in the all-round performance.
"I should be happy really, taking a point from this game because we didn't deserve anything.
"Credit to Hamilton, they really got in amongst us and stopped us playing our normal game. They really made it difficult for us and had the best chances throughout the game. I'm actually relieved we're going away from this game with a point."
Gerrard feels that his team deserved "no praise" for their efforts against the league's bottom side.
He told Sky Sports: "The players have been amazing to this point, deserve all the praise and all the accolades they've had, but today I've got no praise for them. I can't, because it'd be false from me. We weren't good enough today. We nearly won a game ugly, we nearly got a smash and grab, and we need to be better than that. Both sides of our game just weren't there today."
Gerrard accepted that he also made errors in terms of his team selection.
He said: "Maybe I left too much quality and personality on the side. Because we looked an awful lot better when the subs come on. So, I'll look at myself as well."
"Listen, we've been absolutely fantastic, amazing. I can't find the words to describe how well we've done in terms of the league this season. Today we just weren't at the races."