QMNNX vs. MMTM
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or MMTM.
Correlation
The correlation between QMNNX and MMTM is -0.01. 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.
Performance
QMNNX vs. MMTM - Performance Comparison
Key characteristics
QMNNX:
2.82
MMTM:
-0.24
QMNNX:
3.85
MMTM:
-0.18
QMNNX:
1.55
MMTM:
0.98
QMNNX:
4.09
MMTM:
-0.23
QMNNX:
15.29
MMTM:
-1.05
QMNNX:
1.19%
MMTM:
4.50%
QMNNX:
6.45%
MMTM:
20.03%
QMNNX:
-50.11%
MMTM:
-33.85%
QMNNX:
-2.50%
MMTM:
-20.98%
Returns By Period
In the year-to-date period, QMNNX achieves a 7.35% return, which is significantly higher than MMTM's -16.87% return. Over the past 10 years, QMNNX has underperformed MMTM with an annualized return of 4.29%, while MMTM has yielded a comparatively higher 12.42% annualized return.
QMNNX
7.35%
-0.19%
15.30%
18.11%
10.52%
4.29%
MMTM
-16.87%
-14.57%
-14.15%
-3.41%
16.46%
12.42%
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QMNNX vs. MMTM - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than MMTM's 0.12% expense ratio.
Risk-Adjusted Performance
QMNNX vs. MMTM — Risk-Adjusted Performance Rank
QMNNX
MMTM
QMNNX vs. MMTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). 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. MMTM - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 5.65%, more than MMTM's 1.08% 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% |
MMTM SPDR S&P 1500 Momentum Tilt ETF | 1.08% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
Drawdowns
QMNNX vs. MMTM - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, which is greater than MMTM's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for QMNNX and MMTM. For additional features, visit the drawdowns tool.
Volatility
QMNNX vs. MMTM - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 2.79%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 11.11%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.