AQGRX vs. QMNNX
Compare and contrast key facts about AQR Global Equity Fund Class R6 (AQGRX) and AQR Equity Market Neutral Fund N (QMNNX).
AQGRX is a passively managed fund by AQR Funds that tracks the performance of the MSCI World Net Total Return USD Index. It was launched on Jan 8, 2014. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
AQGRX vs. QMNNX - Performance Comparison
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AQGRX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQGRX AQR Global Equity Fund Class R6 | -3.57% | 31.87% | 24.60% | 23.14% | -14.13% | 18.43% | 9.47% | 23.85% | -14.46% | 25.57% |
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
The year-to-date returns for both investments are quite close, with AQGRX having a -3.57% return and QMNNX slightly higher at -3.52%. Over the past 10 years, AQGRX has outperformed QMNNX with an annualized return of 12.07%, while QMNNX has yielded a comparatively lower 6.07% annualized return.
AQGRX
- 1D
- 3.21%
- 1M
- -5.41%
- YTD
- -3.57%
- 6M
- -0.47%
- 1Y
- 20.99%
- 3Y*
- 22.54%
- 5Y*
- 12.78%
- 10Y*
- 12.07%
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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AQGRX vs. QMNNX - Expense Ratio Comparison
AQGRX has a 0.72% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
AQGRX vs. QMNNX — Risk / Return Rank
AQGRX
QMNNX
AQGRX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund Class R6 (AQGRX) 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.
| AQGRX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.77 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.40 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.06 | -0.65 |
Martin ratioReturn relative to average drawdown | 7.08 | 5.15 | +1.94 |
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
| AQGRX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.77 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.94 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.74 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.87 | -0.29 |
Correlation
The correlation between AQGRX 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
AQGRX vs. QMNNX - Dividend Comparison
AQGRX's dividend yield for the trailing twelve months is around 13.61%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGRX AQR Global Equity Fund Class R6 | 13.61% | 13.12% | 13.59% | 6.03% | 4.51% | 12.19% | 1.34% | 2.41% | 4.88% | 5.03% | 10.54% | 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
AQGRX vs. QMNNX - Drawdown Comparison
The maximum AQGRX drawdown since its inception was -34.25%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for AQGRX and QMNNX.
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Drawdown Indicators
| AQGRX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -39.22% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -15.24% | -5.47% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -14.23% | -15.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.25% | -39.22% | +4.97% |
Current DrawdownCurrent decline from peak | -6.89% | -3.92% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -10.67% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.19% | +0.85% |
Volatility
AQGRX vs. QMNNX - Volatility Comparison
AQR Global Equity Fund Class R6 (AQGRX) has a higher volatility of 6.25% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that AQGRX'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
| AQGRX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 1.36% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 4.07% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 6.29% | +13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 9.53% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 8.23% | +9.56% |