QMNIX vs. HAO
QMNIX (AQR Equity Market Neutral Fund Class I) is Equity Market Neutral fund actively managed by AQR Funds, while HAO (Haoxi Health Technology Limited) is a stock. Over the past year, QMNIX returned 3.31% vs -99.85% for HAO. At a correlation of -0.01, they often move in opposite directions.
Performance
QMNIX vs. HAO - Performance Comparison
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Returns By Period
In the year-to-date period, QMNIX achieves a -8.25% return, which is significantly higher than HAO's -99.81% return.
QMNIX
- 1D
- -0.52%
- 1M
- -1.72%
- 6M
- -6.45%
- YTD
- -8.25%
- 1Y
- 3.31%
- 3Y*
- 17.26%
- 5Y*
- 18.16%
- 10Y*
- 6.04%
HAO
- 1D
- -25.84%
- 1M
- -72.00%
- 6M
- -99.87%
- YTD
- -99.81%
- 1Y
- -99.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMNIX vs. HAO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QMNIX AQR Equity Market Neutral Fund Class I | -8.25% | 26.54% | 18.55% |
HAO Haoxi Health Technology Limited | -99.81% | -71.47% | -96.47% |
Correlation
The correlation between QMNIX and HAO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | -0.01 |
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Return for Risk
QMNIX vs. HAO — Risk / Return Rank
QMNIX
HAO
QMNIX vs. HAO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund Class I (QMNIX) and Haoxi Health Technology Limited (HAO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QMNIX | HAO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.55 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | -1.00 | +1.33 |
| Martin ratioReturn relative to average drawdown | 0.75 | -2.10 | +2.85 |
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Drawdowns
QMNIX vs. HAO - Drawdown Comparison
The maximum QMNIX drawdown since its inception was -38.80%, smaller than the maximum HAO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QMNIX and HAO.
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Drawdown Indicators
| QMNIX | HAO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -100.00% | +61.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -99.87% | +90.05% |
Max Drawdown (3Y)Largest decline over 3 years | -9.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | — | — |
Current DrawdownCurrent decline from peak | -8.54% | -100.00% | +91.46% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -81.87% | +71.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 47.41% | -43.11% |
Volatility
QMNIX vs. HAO - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund Class I (QMNIX) is 2.37%, while Haoxi Health Technology Limited (HAO) has a volatility of 113.60%. This indicates that QMNIX experiences smaller price fluctuations and is considered to be less risky than HAO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMNIX | HAO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 113.60% | -111.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 311.07% | -305.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.82% | 154.53% | -147.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.27% | 164.54% | -155.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 164.54% | -156.23% |
Dividends
QMNIX vs. HAO - Dividend Comparison
QMNIX's dividend yield for the trailing twelve months is around 1.53%, while HAO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAO Haoxi Health Technology Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QMNIX AQR Equity Market Neutral Fund Class I | 1.53% | 1.41% | 6.10% | 21.48% | 5.95% | 1.39% | 17.42% | 3.83% | 0.48% | 3.48% | 1.51% | 2.57% |
Frequently Asked Questions
QMNIX and HAO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAO has higher volatility (113.60%) compared to QMNIX (2.37%). In terms of maximum drawdown, QMNIX dropped -38.80% vs HAO's -100.00%.
QMNIX currently has the higher Sharpe Ratio (0.48 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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