QNZIX vs. MMTM
Compare and contrast key facts about AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM).
QNZIX is managed by AQR Funds. It was launched on Dec 15, 2021. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QNZIX or MMTM.
Correlation
The correlation between QNZIX and MMTM is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QNZIX vs. MMTM - Performance Comparison
Key characteristics
QNZIX:
3.21
MMTM:
1.67
QNZIX:
4.17
MMTM:
2.30
QNZIX:
1.58
MMTM:
1.30
QNZIX:
5.16
MMTM:
2.54
QNZIX:
23.74
MMTM:
10.11
QNZIX:
1.44%
MMTM:
2.76%
QNZIX:
10.69%
MMTM:
16.65%
QNZIX:
-18.35%
MMTM:
-33.85%
QNZIX:
0.00%
MMTM:
0.00%
Returns By Period
In the year-to-date period, QNZIX achieves a 6.07% return, which is significantly higher than MMTM's 5.09% return.
QNZIX
6.07%
4.17%
15.47%
35.44%
N/A
N/A
MMTM
5.09%
2.36%
11.21%
26.55%
14.81%
15.39%
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QNZIX vs. MMTM - Expense Ratio Comparison
QNZIX has a 1.31% expense ratio, which is higher than MMTM's 0.12% expense ratio.
Risk-Adjusted Performance
QNZIX vs. MMTM — Risk-Adjusted Performance Rank
QNZIX
MMTM
QNZIX vs. MMTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). 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
QNZIX vs. MMTM - Dividend Comparison
QNZIX's dividend yield for the trailing twelve months is around 15.85%, more than MMTM's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QNZIX AQR Sustainable Long-Short Equity Carbon Aware Fund | 15.85% | 16.81% | 23.32% | 2.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.79% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
Drawdowns
QNZIX vs. MMTM - Drawdown Comparison
The maximum QNZIX drawdown since its inception was -18.35%, smaller than the maximum MMTM drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for QNZIX and MMTM. For additional features, visit the drawdowns tool.
Volatility
QNZIX vs. MMTM - Volatility Comparison
The current volatility for AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) is 3.87%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 5.20%. This indicates that QNZIX experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.