ASMNX vs. QLEIX
Compare and contrast key facts about AQR Small Cap Momentum Style Fund Class N (ASMNX) and AQR Long-Short Equity Fund (QLEIX).
ASMNX is an actively managed fund by AQR Funds. It was launched on Dec 17, 2012. QLEIX is managed by AQR Funds. It was launched on Jul 15, 2013.
Performance
ASMNX vs. QLEIX - Performance Comparison
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ASMNX vs. QLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASMNX AQR Small Cap Momentum Style Fund Class N | -3.27% | 16.62% | 16.62% | 18.09% | -19.78% | 15.05% | 25.80% | 25.69% | -12.36% | 17.21% |
QLEIX AQR Long-Short Equity Fund | -3.26% | 34.43% | 30.50% | 23.95% | 19.18% | 31.10% | -13.92% | 1.19% | -16.33% | 15.74% |
Returns By Period
The year-to-date returns for both investments are quite close, with ASMNX having a -3.27% return and QLEIX slightly higher at -3.26%. Over the past 10 years, ASMNX has underperformed QLEIX with an annualized return of 10.66%, while QLEIX has yielded a comparatively higher 11.54% annualized return.
ASMNX
- 1D
- -2.57%
- 1M
- -9.77%
- YTD
- -3.27%
- 6M
- -4.58%
- 1Y
- 25.01%
- 3Y*
- 15.55%
- 5Y*
- 5.26%
- 10Y*
- 10.66%
QLEIX
- 1D
- 0.54%
- 1M
- -2.71%
- YTD
- -3.26%
- 6M
- 4.53%
- 1Y
- 19.60%
- 3Y*
- 26.54%
- 5Y*
- 22.51%
- 10Y*
- 11.54%
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ASMNX vs. QLEIX - Expense Ratio Comparison
ASMNX has a 0.88% expense ratio, which is lower than QLEIX's 1.30% expense ratio.
Return for Risk
ASMNX vs. QLEIX — Risk / Return Rank
ASMNX
QLEIX
ASMNX vs. QLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund Class N (ASMNX) and AQR Long-Short Equity Fund (QLEIX). 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.
| ASMNX | QLEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 2.30 | -1.36 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.98 | -1.56 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.88 | -1.28 |
Martin ratioReturn relative to average drawdown | 4.87 | 11.49 | -6.63 |
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
| ASMNX | QLEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.30 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 2.21 | -2.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 1.10 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.11 | -0.69 |
Correlation
The correlation between ASMNX and QLEIX is 0.38, 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
ASMNX vs. QLEIX - Dividend Comparison
ASMNX's dividend yield for the trailing twelve months is around 8.32%, more than QLEIX's 1.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMNX AQR Small Cap Momentum Style Fund Class N | 8.32% | 8.05% | 19.09% | 3.54% | 0.27% | 24.51% | 5.45% | 3.83% | 29.34% | 9.61% | 0.00% | 0.97% |
QLEIX AQR Long-Short Equity Fund | 1.81% | 1.75% | 7.12% | 20.88% | 14.15% | 0.00% | 1.57% | 0.00% | 6.03% | 9.11% | 3.01% | 4.98% |
Drawdowns
ASMNX vs. QLEIX - Drawdown Comparison
The maximum ASMNX drawdown since its inception was -42.57%, which is greater than QLEIX's maximum drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for ASMNX and QLEIX.
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Drawdown Indicators
| ASMNX | QLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.57% | -38.11% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -6.49% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.27% | -17.07% | -23.20% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -38.11% | -4.46% |
Current DrawdownCurrent decline from peak | -13.75% | -3.85% | -9.90% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -7.80% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 1.63% | +2.90% |
Volatility
ASMNX vs. QLEIX - Volatility Comparison
AQR Small Cap Momentum Style Fund Class N (ASMNX) has a higher volatility of 8.62% compared to AQR Long-Short Equity Fund (QLEIX) at 1.87%. This indicates that ASMNX's price experiences larger fluctuations and is considered to be riskier than QLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASMNX | QLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 1.87% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.79% | 4.89% | +13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.63% | 8.63% | +18.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 10.23% | +17.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 10.55% | +15.84% |