BPLEX vs. QMNNX
Compare and contrast key facts about Boston Partners Long/Short Equity Fund (BPLEX) and AQR Equity Market Neutral Fund N (QMNNX).
BPLEX is managed by Boston Partners. It was launched on Nov 16, 1998. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
BPLEX vs. QMNNX - Performance Comparison
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BPLEX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BPLEX Boston Partners Long/Short Equity Fund | 2.09% | 27.87% | 56.97% | 14.93% | 6.95% | 31.73% | -5.82% | 8.97% | -15.70% | 2.54% |
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
In the year-to-date period, BPLEX achieves a 2.09% return, which is significantly higher than QMNNX's -3.52% return. Over the past 10 years, BPLEX has outperformed QMNNX with an annualized return of 12.75%, while QMNNX has yielded a comparatively lower 6.07% annualized return.
BPLEX
- 1D
- 1.51%
- 1M
- -2.54%
- YTD
- 2.09%
- 6M
- 8.39%
- 1Y
- 26.67%
- 3Y*
- 32.14%
- 5Y*
- 23.79%
- 10Y*
- 12.75%
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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BPLEX vs. QMNNX - Expense Ratio Comparison
BPLEX has a 2.21% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
BPLEX vs. QMNNX — Risk / Return Rank
BPLEX
QMNNX
BPLEX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Partners Long/Short Equity Fund (BPLEX) 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.
| BPLEX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 1.77 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.98 | 2.40 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.06 | +1.05 |
Martin ratioReturn relative to average drawdown | 14.60 | 5.15 | +9.46 |
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
| BPLEX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 1.77 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.94 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.74 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.87 | -0.34 |
Correlation
The correlation between BPLEX and QMNNX is 0.13, 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
BPLEX vs. QMNNX - Dividend Comparison
BPLEX's dividend yield for the trailing twelve months is around 10.72%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPLEX Boston Partners Long/Short Equity Fund | 10.72% | 10.94% | 58.72% | 28.35% | 15.19% | 5.11% | 44.84% | 11.33% | 9.69% | 0.83% | 0.00% | 9.91% |
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
BPLEX vs. QMNNX - Drawdown Comparison
The maximum BPLEX drawdown since its inception was -43.47%, which is greater than QMNNX's maximum drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for BPLEX and QMNNX.
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Drawdown Indicators
| BPLEX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.47% | -39.22% | -4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -5.47% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -14.23% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -37.65% | -39.22% | +1.57% |
Current DrawdownCurrent decline from peak | -2.89% | -3.92% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -10.67% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.19% | -0.33% |
Volatility
BPLEX vs. QMNNX - Volatility Comparison
Boston Partners Long/Short Equity Fund (BPLEX) has a higher volatility of 3.75% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that BPLEX'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
| BPLEX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 1.36% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 4.07% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 6.29% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.94% | 9.53% | +28.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.27% | 8.23% | +21.04% |