QMNIX vs. QMNNX
Compare and contrast key facts about AQR Equity Market Neutral Fund Class I (QMNIX) and AQR Equity Market Neutral Fund N (QMNNX).
QMNIX is an actively managed fund by AQR Funds. It was launched on Oct 7, 2014. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
QMNIX vs. QMNNX - Performance Comparison
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QMNIX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMNIX AQR Equity Market Neutral Fund Class I | -3.44% | 26.54% | 25.85% | 16.61% | 27.26% | 17.64% | -19.62% | -11.30% | -11.73% | 5.85% |
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
The year-to-date returns for both stocks are quite close, with QMNIX having a -3.44% return and QMNNX slightly lower at -3.52%. Both investments have delivered pretty close results over the past 10 years, with QMNIX having a 6.34% annualized return and QMNNX not far behind at 6.07%.
QMNIX
- 1D
- -0.08%
- 1M
- 0.50%
- YTD
- -3.44%
- 6M
- 2.09%
- 1Y
- 11.09%
- 3Y*
- 21.03%
- 5Y*
- 18.66%
- 10Y*
- 6.34%
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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QMNIX vs. QMNNX - Expense Ratio Comparison
QMNIX has a 5.48% expense ratio, which is higher than QMNNX's 5.28% expense ratio.
Return for Risk
QMNIX vs. QMNNX — Risk / Return Rank
QMNIX
QMNNX
QMNIX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund Class I (QMNIX) 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.
| QMNIX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.77 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.46 | 2.40 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.06 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.39 | 5.15 | +0.24 |
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
| QMNIX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.77 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.98 | 1.94 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.74 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.87 | +0.03 |
Correlation
The correlation between QMNIX and QMNNX is 0.99, 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.
Dividends
QMNIX vs. QMNNX - Dividend Comparison
QMNIX's dividend yield for the trailing twelve months is around 1.46%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMNIX AQR Equity Market Neutral Fund Class I | 1.46% | 1.41% | 6.10% | 21.48% | 5.95% | 1.39% | 17.42% | 3.83% | 0.48% | 3.48% | 1.51% | 2.57% |
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
QMNIX vs. QMNNX - Drawdown Comparison
The maximum QMNIX drawdown since its inception was -38.80%, roughly equal to the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for QMNIX and QMNNX.
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Drawdown Indicators
| QMNIX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -39.22% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -5.47% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.05% | -14.23% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -39.22% | +0.42% |
Current DrawdownCurrent decline from peak | -3.75% | -3.92% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -10.67% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.19% | -0.04% |
Volatility
QMNIX vs. QMNNX - Volatility Comparison
AQR Equity Market Neutral Fund Class I (QMNIX) and AQR Equity Market Neutral Fund N (QMNNX) have volatilities of 1.31% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMNIX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.36% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 4.07% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 6.29% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.49% | 9.53% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 8.23% | -0.01% |