QTELX vs. AMOMX

Last updated Jun 4, 2026

QTELX (AQR Emerging Multi-Style II Fund) and AMOMX (AQR Large Cap Momentum Style Fund) are both mutual funds - QTELX is a Emerging Markets Diversified fund managed by AQR Funds, while AMOMX is a Large Cap Growth Equities fund managed by AQR Funds. A 0.64 correlation means they provide meaningful diversification when combined. QTELX charges 0.70%/yr vs 0.41%/yr for AMOMX.

Performance

QTELX vs. AMOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Emerging Multi-Style II Fund (QTELX) and AQR Large Cap Momentum Style Fund (AMOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QTELX

• 1D: 1.01%
• 1M: 8.35%
• YTD: 30.67%
• 6M: 34.14%
• 1Y: 59.02%
• 3Y*: 28.36%
• 5Y*: 9.47%
• 10Y*: 10.89%

AMOMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QTELX vs. AMOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QTELX AQR Emerging Multi-Style II Fund	30.67%	32.89%	11.82%	12.66%	-21.29%	0.92%	16.90%	14.27%	-16.22%	37.15%
AMOMX AQR Large Cap Momentum Style Fund	11.26%	15.36%	27.62%	18.17%	-18.00%	26.01%	26.86%	29.20%	-4.01%	23.87%

Correlation

The correlation between QTELX and AMOMX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.64

The correlation between QTELX and AMOMX has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

Return for Risk

QTELX vs. AMOMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTELX

QTELX Risk / Return Rank: 89
QTELX Sharpe Ratio Rank: 94
QTELX Sortino Ratio Rank: 87
QTELX Omega Ratio Rank: 88
QTELX Calmar Ratio Rank: 89
QTELX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTELX vs. AMOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) and AQR Large Cap Momentum Style Fund (AMOMX). 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.

	QTELX	AMOMX	Difference
Sharpe ratio: Return per unit of total volatility	3.33	—	—
Sortino ratio: Return per unit of downside risk	4.19	—	—
Omega ratio: Gain probability vs. loss probability	1.62	—	—
Calmar ratio: Return relative to maximum drawdown	4.44	—	—
Martin ratio: Return relative to average drawdown	17.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QTELX	AMOMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

Drawdown Indicators

	QTELX	AMOMX	Difference
Max Drawdown Largest peak-to-trough decline	-40.55%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.55%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-12.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	—	—

Volatility

Volatility by Period

	QTELX	AMOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	—	—

QTELX vs. AMOMX - Expense Ratio Comparison

QTELX has a 0.70% expense ratio, which is higher than AMOMX's 0.41% expense ratio.

Dividends

QTELX vs. AMOMX - Dividend Comparison

QTELX's dividend yield for the trailing twelve months is around 3.22%, less than AMOMX's 30.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMOMX AQR Large Cap Momentum Style Fund	30.65%	25.49%	14.05%	14.08%	10.95%	17.95%	16.14%	10.22%	12.17%	9.15%	8.23%	8.44%
QTELX AQR Emerging Multi-Style II Fund	3.22%	4.21%	4.84%	5.65%	4.60%	2.42%	1.53%	2.32%	2.32%	1.55%	2.51%	0.00%

Frequently Asked Questions

Can I hold both QTELX and AMOMX in my portfolio?

QTELX and AMOMX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.