QLENX vs. QMNNX
Compare and contrast key facts about AQR Long-Short Equity N (QLENX) and AQR Equity Market Neutral Fund N (QMNNX).
QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLENX or QMNNX.
Correlation
The correlation between QLENX and QMNNX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QLENX vs. QMNNX - Performance Comparison
Key characteristics
QLENX:
1.69
QMNNX:
2.82
QLENX:
2.12
QMNNX:
3.85
QLENX:
1.33
QMNNX:
1.55
QLENX:
2.38
QMNNX:
4.09
QLENX:
11.94
QMNNX:
15.29
QLENX:
1.31%
QMNNX:
1.19%
QLENX:
9.24%
QMNNX:
6.45%
QLENX:
-39.59%
QMNNX:
-50.11%
QLENX:
-6.57%
QMNNX:
-2.50%
Returns By Period
In the year-to-date period, QLENX achieves a 3.08% return, which is significantly lower than QMNNX's 7.35% return. Over the past 10 years, QLENX has outperformed QMNNX with an annualized return of 10.45%, while QMNNX has yielded a comparatively lower 4.30% annualized return.
QLENX
3.08%
-3.95%
10.56%
15.07%
21.05%
10.45%
QMNNX
7.35%
0.29%
15.30%
17.61%
10.59%
4.30%
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QLENX vs. QMNNX - Expense Ratio Comparison
QLENX has a 5.18% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Risk-Adjusted Performance
QLENX vs. QMNNX — Risk-Adjusted Performance Rank
QLENX
QMNNX
QLENX vs. QMNNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Long-Short Equity N (QLENX) 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.
Dividends
QLENX vs. QMNNX - Dividend Comparison
QLENX's dividend yield for the trailing twelve months is around 6.92%, more than QMNNX's 5.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLENX AQR Long-Short Equity N | 6.92% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
QMNNX AQR Equity Market Neutral Fund N | 5.65% | 6.07% | 21.59% | 5.78% | 0.00% | 0.00% | 0.00% | 0.49% | 3.37% | 1.18% | 2.40% | 5.79% |
Drawdowns
QLENX vs. QMNNX - Drawdown Comparison
The maximum QLENX drawdown since its inception was -39.59%, smaller than the maximum QMNNX drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for QLENX and QMNNX. For additional features, visit the drawdowns tool.
Volatility
QLENX vs. QMNNX - Volatility Comparison
AQR Long-Short Equity N (QLENX) has a higher volatility of 5.59% compared to AQR Equity Market Neutral Fund N (QMNNX) at 2.79%. This indicates that QLENX'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.