AQR Equity Market Neutral Fund Class N (QMNNX) 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 QMNNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QMNNX
QMNNX charges 1.62% annually. There are 3 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 | QMNNX vs BDMIX | |
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | QMNNX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | QMNNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | QMNNX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | QMNNX vs MMNIX |
Best Risk-Adjusted Alternatives to QMNNX
QMNNX has a PortfoliosLab risk / return rank of 7. There are 6 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 | QMNNX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 96 | — | Dec 2012 | QMNNX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 96 | — | Dec 2012 | QMNNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 87 | — | Oct 2024 | QMNNX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 15 | — | Sep 2008 | QMNNX vs QQMNX |
Top Performing QMNNX Alternatives (YTD)
QMNNX is at -7.95% YTD. There are 7 mutual funds in the Equity Market Neutral category with higher YTD returns, going as high as 11.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 11.80% | — | Dec 2012 | QMNNX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 11.65% | — | Dec 2012 | QMNNX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 5.50% | — | Oct 2024 | QMNNX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 4.22% | — | Dec 2023 | QMNNX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.87% | — | Sep 2008 | QMNNX vs QQMNX |
Lowest Volatility Alternatives to QMNNX
QMNNX has 6.76% 1-year volatility. There are 2 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 | QMNNX vs MMNIX | |
| Gotham Neutral Fund Institutional Class | 5.69% | — | Aug 2013 | QMNNX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.77% | — | Sep 2008 | QMNNX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 6.78% | — | Oct 2014 | QMNNX vs QMNIX | |
| Bridgeway Global Opportunities Fund Class N | 6.95% | — | Oct 2024 | QMNNX vs BRGOX |
Lowest Drawdown Alternatives to QMNNX
QMNNX has a 1-year max drawdown of -9.96%. There are 7 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 | QMNNX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -3.24% | — | Dec 2012 | QMNNX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | -3.25% | — | Dec 2012 | QMNNX vs BDMAX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | QMNNX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | QMNNX 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 | 63 | -1.32% | — | Jul 2013 | QMNNX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | Long-Short, Actively Managed | 60 | -1.46% | — | Jul 2013 | QMNNX vs QLENX | |
| AQR Managed Futures Strategy Fund | Systematic Trend | 92 | 10.66% | — | Jan 2010 | QMNNX vs AQMIX | |
| AQR Alternative Risk Premia Fund | Multistrategy | 98 | 18.27% | — | Sep 2017 | QMNNX vs QRPIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 81 | 13.06% | — | Oct 2013 | QMNNX vs QSPIX | |
| AQR Trend Total Return Fund | Systematic Trend | 93 | 14.60% | — | Dec 2021 | QMNNX vs QNZNX | |
| AQR Managed Futures Strategy HV Fund | Systematic Trend | 86 | 13.30% | — | Jul 2013 | QMNNX vs QMHIX | |
| AQR Multi-Asset Fund | Tactical Allocation | 77 | 9.05% | — | Sep 2010 | QMNNX vs AQRIX | |
| AQR Global Equity Fund | Global Equities | 78 | 12.61% | — | Dec 2009 | QMNNX vs AQGIX | |
| AQR Diversifying Strategies Fund Class N | Tactical Allocation | 92 | 4.66% | — | Jun 2020 | QMNNX vs QDSNX |
Often Compared With QMNNX
Investors most often compare QMNNX with EIC, CPIEX, CCOR. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare QMNNX with Any Fund or Stock
Compare QMNNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QMNNX with funds that move differently
AQR Equity Market Neutral Fund Class N alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QMNNX.
Explore QMNNX Diversifiers