AQR Equity Market Neutral Fund N (QMNNX)
The fund aims to achieve market- or beta-neutral returns by investing at least 80% of its net assets in equity instruments and related derivatives, seeking to minimize correlation with equity market returns.
Fund Info
US00191K7818
00191K781
Oct 7, 2014
$2,500
Expense Ratio
QMNNX has a high expense ratio of 5.28%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR Equity Market Neutral Fund N, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AQR Equity Market Neutral Fund N had a return of 7.35% year-to-date (YTD) and 18.11% in the last 12 months. Over the past 10 years, AQR Equity Market Neutral Fund N had an annualized return of 4.29%, while the S&P 500 had an annualized return of 9.37%, indicating that AQR Equity Market Neutral Fund N did not perform as well as the benchmark.
QMNNX
7.35%
-0.19%
15.30%
18.11%
10.52%
4.29%
^GSPC (Benchmark)
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
Monthly Returns
The table below presents the monthly returns of QMNNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.27% | 3.96% | 2.09% | -2.05% | 7.35% | ||||||||
| 2024 | 5.66% | 0.46% | 5.22% | 3.34% | 2.82% | -1.01% | -0.62% | 0.41% | -0.72% | 1.55% | 3.67% | 2.02% | 24.98% |
| 2023 | 1.50% | 3.19% | -3.53% | 0.80% | -1.36% | 3.57% | 2.78% | 3.78% | 5.94% | 2.06% | 0.29% | -3.01% | 16.72% |
| 2022 | 11.10% | 1.50% | -0.98% | 6.95% | 6.50% | -4.69% | -4.81% | -0.84% | -0.61% | 4.76% | 3.14% | 3.41% | 27.08% |
| 2021 | 2.73% | 2.34% | 8.86% | -0.14% | 3.65% | -5.96% | 0.00% | -2.31% | 1.77% | -2.17% | 1.78% | 4.95% | 15.73% |
| 2020 | -0.99% | -2.77% | -1.94% | -3.25% | -5.76% | 2.04% | -1.75% | -1.40% | 0.13% | -2.19% | -3.29% | -15.24% | -31.69% |
| 2019 | -0.28% | -1.59% | -0.38% | -4.21% | -2.00% | -0.41% | 0.20% | -0.31% | -0.31% | -0.00% | -0.93% | -5.49% | -14.77% |
| 2018 | 2.13% | -1.04% | -1.14% | -2.62% | -1.43% | -4.70% | -0.45% | -1.53% | 0.18% | -3.38% | -1.98% | 3.59% | -11.93% |
| 2017 | -0.58% | 0.84% | 0.50% | 0.42% | -0.08% | -0.08% | 0.83% | 2.38% | 0.48% | 1.28% | -0.24% | -0.28% | 5.56% |
| 2016 | 2.09% | -0.43% | 0.17% | -2.23% | 0.70% | -0.26% | 0.35% | -0.26% | 1.22% | 1.72% | 1.02% | 1.27% | 5.42% |
| 2015 | 2.90% | -0.78% | 0.39% | -2.34% | 4.29% | -0.10% | 3.45% | 0.56% | 5.80% | 0.09% | 0.35% | 1.74% | 17.30% |
| 2014 | 1.20% | 2.57% | 1.99% | 5.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, QMNNX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Equity Market Neutral Fund N provided a 5.65% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $1.79 | $0.50 | $0.00 | $0.00 | $0.00 | $0.05 | $0.41 | $0.14 | $0.28 | $0.58 |
Dividend yield | 5.65% | 6.07% | 21.59% | 5.78% | 0.00% | 0.00% | 0.00% | 0.49% | 3.37% | 1.18% | 2.40% | 5.79% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Equity Market Neutral Fund N. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.79 | $1.79 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2014 | $0.58 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AQR Equity Market Neutral Fund N. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AQR Equity Market Neutral Fund N was 50.11%, occurring on Dec 30, 2020. Recovery took 855 trading sessions.
The current AQR Equity Market Neutral Fund N drawdown is 2.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.11% | Jan 30, 2018 | 736 | Dec 30, 2020 | 855 | May 24, 2024 | 1591 |
| -4.46% | Jun 3, 2024 | 45 | Aug 6, 2024 | 51 | Oct 17, 2024 | 96 |
| -4.09% | Sep 30, 2015 | 8 | Oct 9, 2015 | 12 | Oct 27, 2015 | 20 |
| -3.98% | Jan 20, 2016 | 163 | Sep 9, 2016 | 36 | Oct 31, 2016 | 199 |
| -3.86% | Mar 20, 2015 | 28 | Apr 29, 2015 | 19 | May 27, 2015 | 47 |
Volatility
Volatility Chart
The current AQR Equity Market Neutral Fund N volatility is 2.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.