MRFOX vs. QMNNX
Compare and contrast key facts about Marshfield Concentrated Opportunity Fund (MRFOX) and AQR Equity Market Neutral Fund N (QMNNX).
MRFOX is managed by Marshfield. It was launched on Dec 29, 2015. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
MRFOX vs. QMNNX - Performance Comparison
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MRFOX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRFOX Marshfield Concentrated Opportunity Fund | -2.97% | 10.05% | 17.10% | 17.68% | 5.06% | 17.71% | 15.19% | 36.26% | 1.89% | 25.92% |
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, MRFOX achieves a -2.97% return, which is significantly higher than QMNNX's -3.52% return. Over the past 10 years, MRFOX has outperformed QMNNX with an annualized return of 15.31%, while QMNNX has yielded a comparatively lower 6.07% annualized return.
MRFOX
- 1D
- 1.16%
- 1M
- -4.29%
- YTD
- -2.97%
- 6M
- -3.36%
- 1Y
- 3.66%
- 3Y*
- 12.79%
- 5Y*
- 10.99%
- 10Y*
- 15.31%
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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MRFOX vs. QMNNX - Expense Ratio Comparison
MRFOX has a 1.05% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
MRFOX vs. QMNNX — Risk / Return Rank
MRFOX
QMNNX
MRFOX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marshfield Concentrated Opportunity Fund (MRFOX) 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.
| MRFOX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.77 | -1.44 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.40 | -1.83 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.33 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.06 | -1.38 |
Martin ratioReturn relative to average drawdown | 1.75 | 5.15 | -3.40 |
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
| MRFOX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.77 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.94 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.74 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.87 | +0.19 |
Correlation
The correlation between MRFOX and QMNNX is 0.02, 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
MRFOX vs. QMNNX - Dividend Comparison
MRFOX's dividend yield for the trailing twelve months is around 1.67%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRFOX Marshfield Concentrated Opportunity Fund | 1.67% | 1.62% | 4.59% | 0.46% | 0.35% | 6.78% | 2.68% | 1.39% | 1.94% | 2.06% | 0.60% | 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
MRFOX vs. QMNNX - Drawdown Comparison
The maximum MRFOX drawdown since its inception was -29.10%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for MRFOX and QMNNX.
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Drawdown Indicators
| MRFOX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -39.22% | +10.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -5.47% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -12.98% | -14.23% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -29.10% | -39.22% | +10.12% |
Current DrawdownCurrent decline from peak | -5.32% | -3.92% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.67% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.19% | +0.58% |
Volatility
MRFOX vs. QMNNX - Volatility Comparison
Marshfield Concentrated Opportunity Fund (MRFOX) has a higher volatility of 3.04% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that MRFOX'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
| MRFOX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 1.36% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 4.07% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 6.29% | +5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 9.53% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 8.23% | +6.06% |