QLENX vs. QMNNX

In the year-to-date period, QLENX achieves a 9.11% return, which is significantly lower than QMNNX's 10.83% return. Over the past 10 years, QLENX has outperformed QMNNX with an annualized return of 11.21%, while QMNNX has yielded a comparatively lower 4.81% annualized return.

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QLENX has a 5.18% expense ratio, which is lower than QMNNX's 5.28% expense ratio.

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.

The current QLENX Sharpe Ratio is 2.27, which is comparable to the QMNNX Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of QLENX 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.

QLENX's dividend yield for the trailing twelve months is around 6.54%, more than QMNNX's 5.47% yield.

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.

AQR Long-Short Equity N (QLENX) has a higher volatility of 6.03% compared to AQR Equity Market Neutral Fund N (QMNNX) at 2.87%. 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.