KDRN vs. QMNNX

Last updated Apr 1, 2026

Compare and contrast key facts about Kingsbarn Tactical Bond ETF (KDRN) and AQR Equity Market Neutral Fund N (QMNNX).

KDRN is an actively managed fund by Kingsbarn. It was launched on Dec 20, 2021. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.

Performance

KDRN vs. QMNNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kingsbarn Tactical Bond ETF (KDRN) and AQR Equity Market Neutral Fund N (QMNNX). The values are adjusted to include any dividend payments, if applicable.

KDRN vs. QMNNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KDRN Kingsbarn Tactical Bond ETF	0.63%	4.65%	1.30%	10.06%	-12.05%	0.12%
QMNNX AQR Equity Market Neutral Fund N	-3.36%	26.19%	25.43%	16.30%	27.07%	1.43%

Returns By Period

In the year-to-date period, KDRN achieves a 0.63% return, which is significantly higher than QMNNX's -3.36% return.

KDRN

• 1D: 0.17%
• 1M: -1.39%
• YTD: 0.63%
• 6M: 1.23%
• 1Y: 2.04%
• 3Y*: 3.82%
• 5Y*: —
• 10Y*: —

QMNNX

• 1D: 0.51%
• 1M: 0.26%
• YTD: -3.36%
• 6M: 2.30%
• 1Y: 11.26%
• 3Y*: 20.75%
• 5Y*: 18.31%
• 10Y*: 6.09%

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

KDRN vs. QMNNX - Expense Ratio Comparison

KDRN has a 1.09% expense ratio, which is lower than QMNNX's 5.28% expense ratio.

QMNNX

AQR Equity Market Neutral Fund N

KDRN

Kingsbarn Tactical Bond ETF

Return for Risk

KDRN vs. QMNNX — Risk / Return Rank

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

KDRN

KDRN Risk / Return Rank: 24
KDRN Sharpe Ratio Rank: 25
KDRN Sortino Ratio Rank: 22
KDRN Omega Ratio Rank: 22
KDRN Calmar Ratio Rank: 28
KDRN Martin Ratio Rank: 23

QMNNX

QMNNX Risk / Return Rank: 80
QMNNX Sharpe Ratio Rank: 90
QMNNX Sortino Ratio Rank: 89
QMNNX Omega Ratio Rank: 85
QMNNX Calmar Ratio Rank: 84
QMNNX Martin Ratio Rank: 54

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.

KDRN vs. QMNNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Tactical Bond ETF (KDRN) 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.

	KDRN	QMNNX	Difference
Sharpe ratio Return per unit of total volatility	0.45	1.83	-1.38
Sortino ratio Return per unit of downside risk	0.65	2.48	-1.83
Omega ratio Gain probability vs. loss probability	1.09	1.35	-0.26
Calmar ratio Return relative to maximum drawdown	0.70	2.06	-1.36
Martin ratio Return relative to average drawdown	1.61	5.17	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KDRN vs. QMNNX - Sharpe Ratio Comparison

The current KDRN Sharpe Ratio is 0.45, which is lower than the QMNNX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of KDRN and QMNNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KDRN	QMNNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	1.83	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.88	-0.76

Correlation

The correlation between KDRN and QMNNX is -0.25. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

KDRN vs. QMNNX - Dividend Comparison

KDRN's dividend yield for the trailing twelve months is around 3.13%, more than QMNNX's 1.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KDRN Kingsbarn Tactical Bond ETF	3.13%	2.54%	2.83%	2.84%	2.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

KDRN vs. QMNNX - Drawdown Comparison

The maximum KDRN drawdown since its inception was -15.29%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for KDRN and QMNNX.

Drawdown Indicators

	KDRN	QMNNX	Difference
Max Drawdown Largest peak-to-trough decline	-15.29%	-39.22%	+23.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-5.47%	+2.15%
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	-1.39%	-3.76%	+2.37%
Average Drawdown Average peak-to-trough decline	-4.92%	-10.67%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	2.18%	-0.75%

Volatility

KDRN vs. QMNNX - Volatility Comparison

The current volatility for Kingsbarn Tactical Bond ETF (KDRN) is 0.77%, while AQR Equity Market Neutral Fund N (QMNNX) has a volatility of 1.40%. This indicates that KDRN experiences smaller price fluctuations and is considered to be less risky than QMNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KDRN	QMNNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	1.40%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	4.09%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	4.52%	6.30%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	9.54%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	8.23%	-1.50%