ASMNX vs. QNZNX

Last updated Jun 4, 2026

ASMNX (AQR Small Cap Momentum Style Fund Class N) and QNZNX (AQR Trend Total Return Fund) are both mutual funds - ASMNX is a Small Cap Growth Equities fund actively managed by AQR Funds, while QNZNX is a Systematic Trend fund actively managed by AQR Funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. ASMNX charges 0.88%/yr vs 1.52%/yr for QNZNX.

Performance

ASMNX vs. QNZNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Small Cap Momentum Style Fund Class N (ASMNX) and AQR Trend Total Return Fund (QNZNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMNX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QNZNX

• 1D: 0.69%
• 1M: 4.12%
• YTD: 18.15%
• 6M: 20.39%
• 1Y: 38.15%
• 3Y*: 32.33%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASMNX vs. QNZNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-12.71%
QNZNX AQR Trend Total Return Fund	18.15%	22.88%	34.96%	22.73%	1.37%

Correlation

The correlation between ASMNX and QNZNX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.50

Return for Risk

ASMNX vs. QNZNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QNZNX

QNZNX Risk / Return Rank: 95
QNZNX Sharpe Ratio Rank: 97
QNZNX Sortino Ratio Rank: 93
QNZNX Omega Ratio Rank: 90
QNZNX Calmar Ratio Rank: 98
QNZNX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASMNX vs. QNZNX - 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 Trend Total Return Fund (QNZNX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASMNX	QNZNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.97	—

Drawdowns

Drawdown Indicators

	ASMNX	QNZNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.48%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-2.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.21%	—

Volatility

Volatility by Period

	ASMNX	QNZNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.05%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.05%	—

ASMNX vs. QNZNX - Expense Ratio Comparison

ASMNX has a 0.88% expense ratio, which is lower than QNZNX's 1.52% expense ratio.

Dividends

ASMNX vs. QNZNX - Dividend Comparison

ASMNX's dividend yield for the trailing twelve months is around 7.75%, more than QNZNX's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
QNZNX AQR Trend Total Return Fund	0.73%	0.86%	16.46%	23.14%	2.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMNX and QNZNX in my portfolio?

ASMNX and QNZNX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.