HAO vs. QMNIX

Last updated Aug 1, 2026

HAO (Haoxi Health Technology Limited) is a stock, while QMNIX (AQR Equity Market Neutral Fund Class I) is Equity Market Neutral fund actively managed by AQR. Over the past year, HAO returned -99.91% vs 5.55% for QMNIX. Their -0.01 correlation means they have often moved in opposite directions in the past.

Performance

HAO vs. QMNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Haoxi Health Technology Limited (HAO) and AQR Equity Market Neutral Fund Class I (QMNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAO achieves a -99.89% return, which is significantly lower than QMNIX's -6.08% return.

HAO

• 1D: -1.73%
• 1M: -85.95%
• 6M: -99.92%
• YTD: -99.89%
• 1Y: -99.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -98.95%

QMNIX

• 1D: 1.30%
• 1M: 3.81%
• 6M: -2.98%
• YTD: -6.08%
• 1Y: 5.55%
• 3Y*: 17.67%
• 5Y*: 18.54%
• 10Y*: 6.17%
• ALL TIME*: 6.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HAO Haoxi Health Technology Limited	$826.16K	$3.87M	$2.72M
QMNIX AQR Equity Market Neutral Fund Class I	$0.00	$0.00	$0.00

HAO vs. QMNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HAO Haoxi Health Technology Limited	-99.89%	-71.47%	-96.47%
QMNIX AQR Equity Market Neutral Fund Class I	-6.08%	26.54%	18.55%

Correlation

The correlation between HAO and QMNIX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.05
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	-0.01

Return for Risk

HAO vs. QMNIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HAO

HAO Risk / Return Rank: 4
HAO Sharpe Ratio Rank: 15
HAO Sortino Ratio Rank: 1
HAO Omega Ratio Rank: 0
HAO Calmar Ratio Rank: 1
HAO Martin Ratio Rank: 1

QMNIX

QMNIX Risk / Return Rank: 19
QMNIX Sharpe Ratio Rank: 24
QMNIX Sortino Ratio Rank: 24
QMNIX Omega Ratio Rank: 23
QMNIX Calmar Ratio Rank: 13
QMNIX Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HAO vs. QMNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Haoxi Health Technology Limited (HAO) and AQR Equity Market Neutral Fund Class I (QMNIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HAO	QMNIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	0.82	-1.46
Sortino ratio: Return per unit of downside risk	-2.90	1.20	-4.10
Omega ratio: Gain probability vs. loss probability	0.51	1.14	-0.63
Calmar ratio: Return relative to maximum drawdown	-1.00	0.59	-1.59
Martin ratio: Return relative to average drawdown	-1.89	1.23	-3.13

HAO vs. QMNIX - Sharpe Ratio Comparison

The current HAO Sharpe Ratio is -0.64, which is lower than the QMNIX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of HAO and QMNIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HAO vs. QMNIX - Drawdown Comparison

The maximum HAO drawdown since its inception was -100.00%, which is greater than QMNIX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for HAO and QMNIX.

Drawdown Indicators

	HAO	QMNIX	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-38.80%	-61.20%
Max Drawdown (1Y) Largest decline over 1 year	-99.93%	-9.82%	-90.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.80%	—
Current Drawdown Current decline from peak	-100.00%	-6.38%	-93.62%
Average Drawdown Average peak-to-trough decline	-82.27%	-10.30%	-71.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.77%	4.66%	+48.11%

Volatility

HAO vs. QMNIX - Volatility Comparison

Haoxi Health Technology Limited (HAO) has a higher volatility of 111.69% compared to AQR Equity Market Neutral Fund Class I (QMNIX) at 2.66%. This indicates that HAO's price experiences larger fluctuations and is considered to be riskier than QMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAO	QMNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	111.69%	2.66%	+109.03%
Volatility (6M) Calculated over the trailing 6-month period	309.82%	5.71%	+304.11%
Volatility (1Y) Calculated over the trailing 1-year period	155.58%	7.05%	+148.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.44%	9.27%	+154.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.44%	8.33%	+155.11%

Dividends

HAO vs. QMNIX - Dividend Comparison

HAO has not paid dividends to shareholders, while QMNIX's dividend yield for the trailing twelve months is around 1.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAO Haoxi Health Technology Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QMNIX AQR Equity Market Neutral Fund Class I	1.50%	1.41%	6.10%	21.48%	5.95%	1.39%	17.42%	3.83%	0.48%	3.48%	1.51%	2.57%

Frequently Asked Questions

Can I hold both HAO and QMNIX in my portfolio?

HAO and QMNIX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAO or QMNIX?

HAO has higher volatility (111.69%) compared to QMNIX (2.66%). In terms of maximum drawdown, HAO dropped -100.00% vs QMNIX's -38.80%.

Which has better risk-adjusted returns?

QMNIX currently has the higher Sharpe Ratio (0.82 vs -0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.