QICLX vs. QMNNX
Compare and contrast key facts about AQR International Multi-Style Fund (QICLX) and AQR Equity Market Neutral Fund N (QMNNX).
QICLX is managed by AQR Funds. It was launched on Mar 25, 2013. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
QICLX vs. QMNNX - Performance Comparison
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QICLX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QICLX AQR International Multi-Style Fund | 2.85% | 42.80% | 4.86% | 19.55% | -12.22% | 12.24% | 6.04% | 20.42% | -14.75% | 24.96% |
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, QICLX achieves a 2.85% return, which is significantly higher than QMNNX's -3.52% return. Over the past 10 years, QICLX has outperformed QMNNX with an annualized return of 9.74%, while QMNNX has yielded a comparatively lower 6.07% annualized return.
QICLX
- 1D
- 3.34%
- 1M
- -6.12%
- YTD
- 2.85%
- 6M
- 8.11%
- 1Y
- 30.86%
- 3Y*
- 19.24%
- 5Y*
- 11.00%
- 10Y*
- 9.74%
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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QICLX vs. QMNNX - Expense Ratio Comparison
QICLX has a 0.56% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
QICLX vs. QMNNX — Risk / Return Rank
QICLX
QMNNX
QICLX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Multi-Style Fund (QICLX) 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.
| QICLX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.77 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.40 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.06 | +0.61 |
Martin ratioReturn relative to average drawdown | 10.43 | 5.15 | +5.28 |
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
| QICLX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.77 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.94 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.74 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.87 | -0.46 |
Correlation
The correlation between QICLX and QMNNX is 0.05, 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
QICLX vs. QMNNX - Dividend Comparison
QICLX's dividend yield for the trailing twelve months is around 8.30%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QICLX AQR International Multi-Style Fund | 8.30% | 8.54% | 5.68% | 3.25% | 3.22% | 2.97% | 1.79% | 2.93% | 3.79% | 2.42% | 2.64% | 1.41% |
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
QICLX vs. QMNNX - Drawdown Comparison
The maximum QICLX drawdown since its inception was -36.19%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for QICLX and QMNNX.
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Drawdown Indicators
| QICLX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -39.22% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -5.47% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -14.23% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.19% | -39.22% | +3.03% |
Current DrawdownCurrent decline from peak | -7.81% | -3.92% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -10.67% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.19% | +0.70% |
Volatility
QICLX vs. QMNNX - Volatility Comparison
AQR International Multi-Style Fund (QICLX) has a higher volatility of 8.07% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that QICLX'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
| QICLX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 1.36% | +6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 4.07% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 6.29% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 9.53% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 8.23% | +8.53% |