QMNNX vs. AMOMX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and AQR Large Cap Momentum Style Fund (AMOMX).

QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. AMOMX is managed by AQR Funds. It was launched on Jul 9, 2009.

Performance

QMNNX vs. AMOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Equity Market Neutral Fund N (QMNNX) and AQR Large Cap Momentum Style Fund (AMOMX). The values are adjusted to include any dividend payments, if applicable.

QMNNX vs. AMOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
AMOMX AQR Large Cap Momentum Style Fund	-2.67%	15.36%	27.62%	18.17%	-18.00%	26.01%	26.86%	29.20%	-4.01%	23.87%

Returns By Period

In the year-to-date period, QMNNX achieves a -3.52% return, which is significantly lower than AMOMX's -2.67% return. Over the past 10 years, QMNNX has underperformed AMOMX with an annualized return of 6.07%, while AMOMX has yielded a comparatively higher 13.59% annualized return.

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%

AMOMX

• 1D: 3.75%
• 1M: -5.05%
• YTD: -2.67%
• 6M: -3.66%
• 1Y: 18.41%
• 3Y*: 18.72%
• 5Y*: 11.03%
• 10Y*: 13.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QMNNX vs. AMOMX - Expense Ratio Comparison

QMNNX has a 5.28% expense ratio, which is higher than AMOMX's 0.41% expense ratio.

QMNNX

AQR Equity Market Neutral Fund N

AMOMX

AQR Large Cap Momentum Style Fund

Return for Risk

QMNNX vs. AMOMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QMNNX

QMNNX Risk / Return Rank: 78
QMNNX Sharpe Ratio Rank: 87
QMNNX Sortino Ratio Rank: 87
QMNNX Omega Ratio Rank: 82
QMNNX Calmar Ratio Rank: 82
QMNNX Martin Ratio Rank: 51

AMOMX

AMOMX Risk / Return Rank: 53
AMOMX Sharpe Ratio Rank: 41
AMOMX Sortino Ratio Rank: 45
AMOMX Omega Ratio Rank: 47
AMOMX Calmar Ratio Rank: 63
AMOMX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QMNNX vs. AMOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and AQR Large Cap Momentum Style Fund (AMOMX). 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.

	QMNNX	AMOMX	Difference
Sharpe ratio Return per unit of total volatility	1.77	0.91	+0.86
Sortino ratio Return per unit of downside risk	2.40	1.40	+1.00
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.06	1.52	+0.54
Martin ratio Return relative to average drawdown	5.15	6.88	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMNNX vs. AMOMX - Sharpe Ratio Comparison

The current QMNNX Sharpe Ratio is 1.77, which is higher than the AMOMX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of QMNNX and AMOMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QMNNX	AMOMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.91	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.94	0.52	+1.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.65	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.71	+0.17

Correlation

The correlation between QMNNX and AMOMX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QMNNX vs. AMOMX - Dividend Comparison

QMNNX's dividend yield for the trailing twelve months is around 1.30%, less than AMOMX's 26.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
AMOMX AQR Large Cap Momentum Style Fund	26.19%	25.49%	14.05%	14.08%	10.95%	17.95%	16.14%	10.22%	12.17%	9.15%	8.23%	8.44%

Drawdowns

QMNNX vs. AMOMX - Drawdown Comparison

The maximum QMNNX drawdown since its inception was -39.22%, which is greater than AMOMX's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for QMNNX and AMOMX.

Drawdown Indicators

	QMNNX	AMOMX	Difference
Max Drawdown Largest peak-to-trough decline	-39.22%	-34.80%	-4.42%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-12.96%	+7.49%
Max Drawdown (5Y) Largest decline over 5 years	-14.23%	-34.80%	+20.57%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	-34.80%	-4.42%
Current Drawdown Current decline from peak	-3.92%	-6.02%	+2.10%
Average Drawdown Average peak-to-trough decline	-10.67%	-6.34%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.87%	-0.68%

Volatility

QMNNX vs. AMOMX - Volatility Comparison

The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 1.36%, while AQR Large Cap Momentum Style Fund (AMOMX) has a volatility of 7.05%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than AMOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMNNX	AMOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	7.05%	-5.69%
Volatility (6M) Calculated over the trailing 6-month period	4.07%	12.38%	-8.31%
Volatility (1Y) Calculated over the trailing 1-year period	6.29%	21.46%	-15.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.53%	21.51%	-11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.23%	20.93%	-12.70%