QRPIX vs. QMNNX
Compare and contrast key facts about AQR Alternative Risk Premia Fund (QRPIX) and AQR Equity Market Neutral Fund N (QMNNX).
QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017. 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: QRPIX or QMNNX.
Correlation
The correlation between QRPIX and QMNNX is 0.63, 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
QRPIX vs. QMNNX - Performance Comparison
Key characteristics
QRPIX:
0.24
QMNNX:
3.20
QRPIX:
0.37
QMNNX:
4.43
QRPIX:
1.06
QMNNX:
1.63
QRPIX:
0.28
QMNNX:
4.63
QRPIX:
0.76
QMNNX:
17.03
QRPIX:
4.22%
QMNNX:
1.21%
QRPIX:
13.35%
QMNNX:
6.46%
QRPIX:
-31.96%
QMNNX:
-50.11%
QRPIX:
-7.38%
QMNNX:
-0.46%
Returns By Period
In the year-to-date period, QRPIX achieves a 4.42% return, which is significantly lower than QMNNX's 9.81% return.
QRPIX
4.42%
-5.60%
4.17%
2.58%
11.30%
N/A
QMNNX
9.81%
0.84%
16.25%
19.91%
11.98%
4.50%
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QRPIX vs. QMNNX - Expense Ratio Comparison
QRPIX has a 1.40% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Risk-Adjusted Performance
QRPIX vs. QMNNX — Risk-Adjusted Performance Rank
QRPIX
QMNNX
QRPIX vs. QMNNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Alternative Risk Premia Fund (QRPIX) and AQR Equity Market Neutral Fund N (QMNNX). 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
QRPIX vs. QMNNX - Dividend Comparison
QRPIX's dividend yield for the trailing twelve months is around 2.15%, less than QMNNX's 5.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRPIX AQR Alternative Risk Premia Fund | 2.15% | 2.25% | 4.50% | 0.00% | 4.07% | 1.97% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
QMNNX AQR Equity Market Neutral Fund N | 5.53% | 6.07% | 21.59% | 5.78% | 0.00% | 0.00% | 0.00% | 0.49% | 3.37% | 1.18% | 2.40% | 5.79% |
Drawdowns
QRPIX vs. QMNNX - Drawdown Comparison
The maximum QRPIX drawdown since its inception was -31.96%, smaller than the maximum QMNNX drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for QRPIX and QMNNX. For additional features, visit the drawdowns tool.
Volatility
QRPIX vs. QMNNX - Volatility Comparison
AQR Alternative Risk Premia Fund (QRPIX) has a higher volatility of 7.70% compared to AQR Equity Market Neutral Fund N (QMNNX) at 2.85%. This indicates that QRPIX's price experiences larger fluctuations and is considered to be riskier than QMNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.