AQGIX vs. QMNNX
Compare and contrast key facts about AQR Global Equity Fund (AQGIX) and AQR Equity Market Neutral Fund N (QMNNX).
AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
AQGIX vs. QMNNX - Performance Comparison
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AQGIX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | -3.52% | 31.64% | 24.56% | 22.92% | -14.14% | 18.32% | 9.33% | 22.55% | -14.50% | 25.44% |
QMNNX AQR Equity Market Neutral Fund N | -3.52% | 26.19% | 25.43% | 16.30% | 27.07% | 17.38% | -19.79% | -11.55% | -11.94% | 5.56% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with AQGIX at -3.52% and QMNNX at -3.52%. Over the past 10 years, AQGIX has outperformed QMNNX with an annualized return of 11.85%, while QMNNX has yielded a comparatively lower 6.07% annualized return.
AQGIX
- 1D
- 3.33%
- 1M
- -5.38%
- YTD
- -3.52%
- 6M
- -0.46%
- 1Y
- 20.90%
- 3Y*
- 22.43%
- 5Y*
- 12.68%
- 10Y*
- 11.85%
QMNNX
- 1D
- -0.17%
- 1M
- 0.43%
- YTD
- -3.52%
- 6M
- 1.87%
- 1Y
- 10.76%
- 3Y*
- 20.68%
- 5Y*
- 18.37%
- 10Y*
- 6.07%
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AQGIX vs. QMNNX - Expense Ratio Comparison
AQGIX has a 0.80% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
AQGIX vs. QMNNX — Risk / Return Rank
AQGIX
QMNNX
AQGIX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and AQR Equity Market Neutral Fund N (QMNNX). 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.
| AQGIX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.77 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.40 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.06 | -0.66 |
Martin ratioReturn relative to average drawdown | 7.04 | 5.15 | +1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQGIX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.77 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.94 | -1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.74 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.87 | -0.30 |
Correlation
The correlation between AQGIX and QMNNX is 0.08, 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
AQGIX vs. QMNNX - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 13.66%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 13.66% | 13.18% | 13.59% | 5.97% | 4.39% | 12.17% | 1.16% | 1.41% | 4.72% | 5.05% | 10.34% | 0.09% |
QMNNX AQR Equity Market Neutral Fund N | 1.30% | 1.26% | 6.06% | 21.67% | 5.77% | 1.41% | 17.64% | 3.86% | 0.49% | 3.37% | 1.19% | 2.51% |
Drawdowns
AQGIX vs. QMNNX - Drawdown Comparison
The maximum AQGIX drawdown since its inception was -35.47%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for AQGIX and QMNNX.
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Drawdown Indicators
| AQGIX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -39.22% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -5.47% | -9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -14.23% | -15.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.47% | -39.22% | +3.75% |
Current DrawdownCurrent decline from peak | -6.88% | -3.92% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -10.67% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.19% | +0.86% |
Volatility
AQGIX vs. QMNNX - Volatility Comparison
AQR Global Equity Fund (AQGIX) has a higher volatility of 6.26% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that AQGIX's price experiences larger fluctuations and is considered to be riskier than QMNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AQGIX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 1.36% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 4.07% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 6.29% | +13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 9.53% | +8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 8.23% | +9.69% |