QMNNX vs. ^GSPC
Compare and contrast key facts about AQR Equity Market Neutral Fund N (QMNNX) and S&P 500 (^GSPC).
QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QMNNX or ^GSPC.
Correlation
The correlation between QMNNX and ^GSPC is -0.03. 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. ^GSPC - Performance Comparison
Key characteristics
QMNNX:
3.14
^GSPC:
0.67
QMNNX:
4.35
^GSPC:
1.05
QMNNX:
1.61
^GSPC:
1.16
QMNNX:
4.56
^GSPC:
0.68
QMNNX:
16.73
^GSPC:
2.70
QMNNX:
1.22%
^GSPC:
4.78%
QMNNX:
6.50%
^GSPC:
19.41%
QMNNX:
-50.11%
^GSPC:
-56.78%
QMNNX:
-0.46%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, QMNNX achieves a 11.13% return, which is significantly higher than ^GSPC's -3.31% return. Over the past 10 years, QMNNX has underperformed ^GSPC with an annualized return of 4.69%, while ^GSPC has yielded a comparatively higher 10.61% annualized return.
QMNNX
11.13%
1.49%
16.70%
20.35%
12.39%
4.69%
^GSPC
-3.31%
5.38%
-0.74%
10.90%
14.93%
10.61%
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Risk-Adjusted Performance
QMNNX vs. ^GSPC — Risk-Adjusted Performance Rank
QMNNX
^GSPC
QMNNX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Equity Market Neutral Fund N (QMNNX) and S&P 500 (^GSPC). 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.
Drawdowns
QMNNX vs. ^GSPC - Drawdown Comparison
The maximum QMNNX drawdown since its inception was -50.11%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QMNNX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
QMNNX vs. ^GSPC - Volatility Comparison
The current volatility for AQR Equity Market Neutral Fund N (QMNNX) is 2.88%, while S&P 500 (^GSPC) has a volatility of 14.17%. This indicates that QMNNX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.