QMNNX vs. GDMA
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and Gadsden Dynamic Multi-Asset ETF (GDMA).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. GDMA is an actively managed fund by Gadsden. It was launched on Nov 14, 2018.
Performance
QMNNX vs. GDMA - Performance Comparison
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QMNNX vs. GDMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QMNNX AQR Equity Market Neutral Fund N | -3.52% | 26.19% | 25.43% | 16.30% | 27.07% | 17.38% | -19.79% | -11.55% | 1.63% |
GDMA Gadsden Dynamic Multi-Asset ETF | 5.19% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.93% |
Returns By Period
In the year-to-date period, QMNNX achieves a -3.52% return, which is significantly lower than GDMA's 5.19% 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%
GDMA
- 1D
- -0.36%
- 1M
- -4.81%
- YTD
- 5.19%
- 6M
- 7.13%
- 1Y
- 29.56%
- 3Y*
- 14.68%
- 5Y*
- 7.64%
- 10Y*
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QMNNX vs. GDMA - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than GDMA's 0.77% expense ratio.
Return for Risk
QMNNX vs. GDMA — Risk / Return Rank
QMNNX
GDMA
QMNNX vs. GDMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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 | GDMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 2.45 | -0.68 |
Sortino ratioReturn per unit of downside risk | 2.40 | 3.21 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.65 | -2.58 |
Martin ratioReturn relative to average drawdown | 5.15 | 13.55 | -8.41 |
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
| QMNNX | GDMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.45 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.94 | 0.81 | +1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.85 | +0.03 |
Correlation
The correlation between QMNNX and GDMA is 0.05, 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.
Dividends
QMNNX vs. GDMA - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 1.30%, less than GDMA's 2.65% 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% |
GDMA Gadsden Dynamic Multi-Asset ETF | 2.65% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QMNNX vs. GDMA - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -39.22%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for QMNNX and GDMA.
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Drawdown Indicators
| QMNNX | GDMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.22% | -16.66% | -22.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -6.44% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.23% | -12.74% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | — | — |
Current DrawdownCurrent decline from peak | -3.92% | -6.40% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -3.78% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.21% | -0.02% |
Volatility
QMNNX vs. GDMA - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 1.36%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 2.68%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QMNNX | GDMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.68% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 9.89% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 12.13% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 9.43% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.23% | 10.82% | -2.59% |