AQR Equity Market Neutral Fund Class I (QMNIX) belongs to the Equity Market Neutral category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QMNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QMNIX
QMNIX charges 5.48% annually. There are 7 mutual funds in the Equity Market Neutral category with lower expense ratios, going as low as 1.34%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 1.34% | — | Dec 2012 | QMNIX vs BDMIX | |
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | QMNIX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | QMNIX vs BDMAX | |
| AQR Equity Market Neutral Fund Class N | 1.62% | — | Oct 2014 | QMNIX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | QMNIX vs BRGOX |
Best Risk-Adjusted Alternatives to QMNIX
QMNIX has a PortfoliosLab risk / return rank of 7. There are 5 mutual funds in the Equity Market Neutral category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 99 | — | Dec 2023 | QMNIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 96 | — | Dec 2012 | QMNIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 96 | — | Dec 2012 | QMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 89 | — | Oct 2024 | QMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 14 | — | Sep 2008 | QMNIX vs QQMNX |
Top Performing QMNIX Alternatives (YTD)
QMNIX is at -8.25% YTD. There are 6 mutual funds in the Equity Market Neutral category with higher YTD returns, going as high as 11.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 11.25% | — | Dec 2012 | QMNIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 11.09% | — | Dec 2012 | QMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 5.78% | — | Oct 2024 | QMNIX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 4.22% | — | Dec 2023 | QMNIX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.50% | — | Sep 2008 | QMNIX vs QQMNX |
Lowest Volatility Alternatives to QMNIX
QMNIX has 6.82% 1-year volatility. There are 4 mutual funds in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.60%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 1.60% | — | Dec 2023 | QMNIX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.71% | — | Aug 2013 | QMNIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.75% | — | Sep 2008 | QMNIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class N | 6.80% | — | Oct 2014 | QMNIX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 6.96% | — | Oct 2024 | QMNIX vs BRGOX |
Lowest Drawdown Alternatives to QMNIX
QMNIX has a 1-year max drawdown of -9.82%. There are 6 mutual funds in the Equity Market Neutral category with shallower 1-year drawdowns, going as shallow as -0.46%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.46% | — | Dec 2023 | QMNIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -3.24% | — | Dec 2012 | QMNIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | -3.25% | — | Dec 2012 | QMNIX vs BDMAX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | QMNIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | QMNIX vs QQMNX |
Other Mutual Funds from AQR Funds
The 10 most viewed AQR Funds mutual funds shown here include QLEIX, QLENX, AQMIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | Long-Short | 61 | -1.65% | — | Jul 2013 | QMNIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 58 | -1.80% | — | Jul 2013 | QMNIX vs QLENX | |
| AQR Managed Futures Strategy Fund | Systematic Trend | 91 | 10.03% | — | Jan 2010 | QMNIX vs AQMIX | |
| AQR Alternative Risk Premia Fund | Multistrategy | 97 | 17.69% | — | Sep 2017 | QMNIX vs QRPIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 78 | 12.37% | — | Oct 2013 | QMNIX vs QSPIX | |
| AQR Trend Total Return Fund | Systematic Trend | 93 | 14.04% | — | Dec 2021 | QMNIX vs QNZNX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 85 | 12.18% | — | Jul 2013 | QMNIX vs QMHIX | |
| AQR Multi-Asset Fund | Tactical Allocation | 73 | 8.96% | — | Sep 2010 | QMNIX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 77 | 12.78% | — | Dec 2009 | QMNIX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 91 | 4.37% | — | Jun 2020 | QMNIX vs QDSNX |
Often Compared With QMNIX
Investors most often compare QMNIX with ADAIX, SPY, QDSIX. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare QMNIX with Any Fund or Stock
Compare QMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QMNIX with funds that move differently
AQR Equity Market Neutral Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMNIX.
Explore QMNIX Diversifiers