QMNNX vs. QMNIX
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and AQR Equity Market Neutral Fund Class I (QMNIX).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. QMNIX is an actively managed fund by AQR Funds. It was launched on Oct 7, 2014.
Performance
QMNNX vs. QMNIX - Performance Comparison
Loading graphics...
QMNNX vs. QMNIX - 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% |
QMNIX AQR Equity Market Neutral Fund Class I | -3.44% | 26.54% | 25.85% | 16.61% | 27.26% | 17.64% | -19.62% | -11.30% | -11.73% | 5.85% |
Returns By Period
The year-to-date returns for both investments are quite close, with QMNNX having a -3.52% return and QMNIX slightly higher at -3.44%. Both investments have delivered pretty close results over the past 10 years, with QMNNX having a 6.07% annualized return and QMNIX not far ahead at 6.34%.
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%
QMNIX
- 1D
- -0.08%
- 1M
- 0.50%
- YTD
- -3.44%
- 6M
- 2.09%
- 1Y
- 11.09%
- 3Y*
- 21.03%
- 5Y*
- 18.66%
- 10Y*
- 6.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QMNNX vs. QMNIX - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is lower than QMNIX's 5.48% expense ratio.
Return for Risk
QMNNX vs. QMNIX — Risk / Return Rank
QMNNX
QMNIX
QMNNX vs. QMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and AQR Equity Market Neutral Fund Class I (QMNIX). 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 | QMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.81 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.40 | 2.46 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.14 | -0.07 |
Martin ratioReturn relative to average drawdown | 5.15 | 5.39 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QMNNX | QMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.81 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.94 | 1.98 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.77 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.91 | -0.03 |
Correlation
The correlation between QMNNX and QMNIX is 0.99, 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.
Dividends
QMNNX vs. QMNIX - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 1.30%, less than QMNIX's 1.46% 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% |
QMNIX AQR Equity Market Neutral Fund Class I | 1.46% | 1.41% | 6.10% | 21.48% | 5.95% | 1.39% | 17.42% | 3.83% | 0.48% | 3.48% | 1.51% | 2.57% |
Drawdowns
QMNNX vs. QMNIX - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -39.22%, roughly equal to the maximum QMNIX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for QMNNX and QMNIX.
Loading graphics...
Drawdown Indicators
| QMNNX | QMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.22% | -38.80% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -5.43% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.23% | -14.05% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | -38.80% | -0.42% |
Current DrawdownCurrent decline from peak | -3.92% | -3.75% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -10.39% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.15% | +0.04% |
Volatility
QMNNX vs. QMNIX - Volatility Comparison
AQR Equity Market Neutral Fund N (QMNNX) and AQR Equity Market Neutral Fund Class I (QMNIX) have volatilities of 1.36% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QMNNX | QMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.31% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 4.13% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 6.31% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 9.49% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.23% | 8.22% | +0.01% |