QMNNX vs. QLENX
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and AQR Long-Short Equity N (QLENX).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. QLENX is an actively managed fund by AQR Funds. It was launched on Jul 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or QLENX.
Correlation
The correlation between QMNNX and QLENX is 0.75, 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.
Performance
QMNNX vs. QLENX - Performance Comparison
Key characteristics
QMNNX:
2.82
QLENX:
1.69
QMNNX:
3.85
QLENX:
2.12
QMNNX:
1.55
QLENX:
1.33
QMNNX:
4.09
QLENX:
2.38
QMNNX:
15.29
QLENX:
11.94
QMNNX:
1.19%
QLENX:
1.31%
QMNNX:
6.45%
QLENX:
9.24%
QMNNX:
-50.11%
QLENX:
-39.59%
QMNNX:
-2.50%
QLENX:
-6.57%
Returns By Period
In the year-to-date period, QMNNX achieves a 7.35% return, which is significantly higher than QLENX's 3.08% return. Over the past 10 years, QMNNX has underperformed QLENX with an annualized return of 4.29%, while QLENX has yielded a comparatively higher 10.45% annualized return.
QMNNX
7.35%
-0.19%
15.30%
18.11%
10.52%
4.29%
QLENX
3.08%
-4.85%
10.56%
15.77%
21.73%
10.45%
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QMNNX vs. QLENX - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than QLENX's 5.18% expense ratio.
Risk-Adjusted Performance
QMNNX vs. QLENX — Risk-Adjusted Performance Rank
QMNNX
QLENX
QMNNX vs. QLENX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and AQR Long-Short Equity N (QLENX). 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. QLENX - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 5.65%, less than QLENX's 6.92% 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% |
QLENX AQR Long-Short Equity N | 6.92% | 7.13% | 21.14% | 14.09% | 0.00% | 1.59% | 0.00% | 6.09% | 8.91% | 2.87% | 4.91% | 7.97% |
Drawdowns
QMNNX vs. QLENX - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, which is greater than QLENX's maximum drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for QMNNX and QLENX. For additional features, visit the drawdowns tool.
Volatility
QMNNX vs. QLENX - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 2.79%, while AQR Long-Short Equity N (QLENX) has a volatility of 5.59%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than QLENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.