QMNNX vs. QRPIX
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and AQR Alternative Risk Premia Fund (QRPIX).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or QRPIX.
Correlation
The correlation between QMNNX and QRPIX is -0.05. 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. QRPIX - Performance Comparison
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Key characteristics
QMNNX:
3.28
QRPIX:
0.45
QMNNX:
4.55
QRPIX:
0.59
QMNNX:
1.65
QRPIX:
1.10
QMNNX:
4.77
QRPIX:
0.51
QMNNX:
17.51
QRPIX:
1.26
QMNNX:
1.22%
QRPIX:
4.55%
QMNNX:
6.50%
QRPIX:
13.30%
QMNNX:
-50.11%
QRPIX:
-31.96%
QMNNX:
0.00%
QRPIX:
-4.95%
Returns By Period
In the year-to-date period, QMNNX achieves a 12.36% return, which is significantly higher than QRPIX's 7.17% return.
QMNNX
12.36%
2.33%
14.29%
21.05%
13.50%
4.55%
QRPIX
7.17%
2.63%
8.13%
5.28%
12.37%
N/A
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QMNNX vs. QRPIX - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than QRPIX's 1.40% expense ratio.
Risk-Adjusted Performance
QMNNX vs. QRPIX — Risk-Adjusted Performance Rank
QMNNX
QRPIX
QMNNX vs. QRPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and AQR Alternative Risk Premia Fund (QRPIX). 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.
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Dividends
QMNNX vs. QRPIX - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 5.40%, more than QRPIX's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMNNX AQR Equity Market Neutral Fund N | 5.40% | 6.07% | 21.59% | 5.78% | 0.00% | 0.00% | 0.00% | 0.49% | 3.37% | 1.18% | 2.40% | 5.79% |
QRPIX AQR Alternative Risk Premia Fund | 2.09% | 2.24% | 4.50% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QMNNX vs. QRPIX - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, which is greater than QRPIX's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for QMNNX and QRPIX. For additional features, visit the drawdowns tool.
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Volatility
QMNNX vs. QRPIX - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 1.35%, while AQR Alternative Risk Premia Fund (QRPIX) has a volatility of 2.33%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than QRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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