QMNNX vs. VMNFX
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and Vanguard Market Neutral Fund Investor Shares (VMNFX).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014. VMNFX is managed by Vanguard. It was launched on Nov 11, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or VMNFX.
Correlation
The correlation between QMNNX and VMNFX 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.
Performance
QMNNX vs. VMNFX - Performance Comparison
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Key characteristics
QMNNX:
3.28
VMNFX:
0.24
QMNNX:
4.55
VMNFX:
0.47
QMNNX:
1.65
VMNFX:
1.05
QMNNX:
4.77
VMNFX:
0.35
QMNNX:
17.51
VMNFX:
0.82
QMNNX:
1.22%
VMNFX:
2.30%
QMNNX:
6.50%
VMNFX:
6.55%
QMNNX:
-50.11%
VMNFX:
-25.93%
QMNNX:
0.00%
VMNFX:
-2.13%
Returns By Period
In the year-to-date period, QMNNX achieves a 12.36% return, which is significantly higher than VMNFX's 1.24% return. Over the past 10 years, QMNNX has outperformed VMNFX with an annualized return of 4.55%, while VMNFX has yielded a comparatively lower 3.36% annualized return.
QMNNX
12.36%
2.33%
14.29%
21.05%
13.50%
4.55%
VMNFX
1.24%
1.21%
-0.27%
1.96%
9.51%
3.36%
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QMNNX vs. VMNFX - Expense Ratio Comparison
QMNNX has a 5.28% expense ratio, which is higher than VMNFX's 1.31% expense ratio.
Risk-Adjusted Performance
QMNNX vs. VMNFX — Risk-Adjusted Performance Rank
QMNNX
VMNFX
QMNNX vs. VMNFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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. VMNFX - Dividend Comparison
QMNNX's dividend yield for the trailing twelve months is around 5.40%, less than VMNFX's 5.60% 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% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.60% | 5.61% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% |
Drawdowns
QMNNX vs. VMNFX - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, which is greater than VMNFX's maximum drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for QMNNX and VMNFX. For additional features, visit the drawdowns tool.
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Volatility
QMNNX vs. VMNFX - Volatility Comparison
AQR Equity Market Neutral Fund N (QMNNX) and Vanguard Market Neutral Fund Investor Shares (VMNFX) have volatilities of 1.35% and 1.37%, 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.
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