QMNNX vs. CPIEX
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and Counterpoint Tactical Equity Fund (CPIEX).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or CPIEX.
Correlation
The correlation between QMNNX and CPIEX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QMNNX vs. CPIEX - Performance Comparison
Key characteristics
QMNNX:
2.82
CPIEX:
1.52
QMNNX:
3.85
CPIEX:
2.04
QMNNX:
1.55
CPIEX:
1.27
QMNNX:
4.09
CPIEX:
2.58
QMNNX:
15.29
CPIEX:
6.92
QMNNX:
1.19%
CPIEX:
2.91%
QMNNX:
6.45%
CPIEX:
13.27%
QMNNX:
-50.11%
CPIEX:
-50.21%
QMNNX:
-2.50%
CPIEX:
-3.25%
Returns By Period
In the year-to-date period, QMNNX achieves a 7.35% return, which is significantly higher than CPIEX's 3.98% return.
QMNNX
7.35%
-0.19%
15.30%
18.11%
10.52%
4.29%
CPIEX
3.98%
0.13%
7.21%
21.49%
14.97%
N/A
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QMNNX vs. CPIEX - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than CPIEX's 1.75% expense ratio.
Risk-Adjusted Performance
QMNNX vs. CPIEX — Risk-Adjusted Performance Rank
QMNNX
CPIEX
QMNNX vs. CPIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and Counterpoint Tactical Equity Fund (CPIEX). 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
QMNNX vs. CPIEX - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 5.65%, more than CPIEX's 0.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CPIEX Counterpoint Tactical Equity Fund | 0.07% | 0.08% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QMNNX vs. CPIEX - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, roughly equal to the maximum CPIEX drawdown of -50.21%. Use the drawdown chart below to compare losses from any high point for QMNNX and CPIEX. For additional features, visit the drawdowns tool.
Volatility
QMNNX vs. CPIEX - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 2.79%, while Counterpoint Tactical Equity Fund (CPIEX) has a volatility of 3.05%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than CPIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.