COAGX vs. QMNNX

Last updated Apr 2, 2026

Compare and contrast key facts about Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and AQR Equity Market Neutral Fund N (QMNNX).

COAGX is managed by Caldwell & Orkin. It was launched on Aug 23, 1992. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.

Performance

COAGX vs. QMNNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and AQR Equity Market Neutral Fund N (QMNNX). The values are adjusted to include any dividend payments, if applicable.

COAGX vs. QMNNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-7.18%	27.17%	11.06%	24.20%	-15.53%	0.93%
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

COAGX

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

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%

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

COAGX vs. QMNNX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is lower than QMNNX's 5.28% expense ratio.

QMNNX

AQR Equity Market Neutral Fund N

COAGX

Caldwell & Orkin - Gator Capital Long/Short Fund

Return for Risk

COAGX vs. QMNNX — Risk / Return Rank

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

QMNNX

QMNNX Risk / Return Rank: 78
QMNNX Sharpe Ratio Rank: 87
QMNNX Sortino Ratio Rank: 87
QMNNX Omega Ratio Rank: 82
QMNNX Calmar Ratio Rank: 82
QMNNX Martin Ratio Rank: 51

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.

COAGX vs. QMNNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) 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.

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

Sharpe Ratios by Period

	COAGX	QMNNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.87	—

Correlation

The correlation between COAGX 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

COAGX vs. QMNNX - Dividend Comparison

COAGX has not paid dividends to shareholders, while QMNNX's dividend yield for the trailing twelve months is around 1.30%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%
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

Drawdown Indicators

	COAGX	QMNNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.22%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	—	-3.92%	—
Average Drawdown Average peak-to-trough decline	—	-10.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.19%	—

Volatility

Volatility by Period

	COAGX	QMNNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.23%	—