RMDFX vs. QMNNX
Compare and contrast key facts about Aspiriant Defensive Allocation Fund (RMDFX) and AQR Equity Market Neutral Fund N (QMNNX).
RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Performance
RMDFX vs. QMNNX - Performance Comparison
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RMDFX vs. QMNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 2.53% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 5.10% | 11.50% | -4.89% | 9.41% |
QMNNX AQR Equity Market Neutral Fund N | -3.52% | 26.19% | 25.43% | 16.30% | 27.07% | 17.38% | -19.79% | -11.55% | -11.94% | 5.56% |
Returns By Period
In the year-to-date period, RMDFX achieves a 2.53% return, which is significantly higher than QMNNX's -3.52% return. Over the past 10 years, RMDFX has underperformed QMNNX with an annualized return of 4.91%, while QMNNX has yielded a comparatively higher 6.07% annualized return.
RMDFX
- 1D
- 0.25%
- 1M
- -3.49%
- YTD
- 2.53%
- 6M
- 7.38%
- 1Y
- 17.15%
- 3Y*
- 9.46%
- 5Y*
- 5.23%
- 10Y*
- 4.91%
QMNNX
- 1D
- -0.17%
- 1M
- 0.43%
- YTD
- -3.52%
- 6M
- 1.87%
- 1Y
- 10.76%
- 3Y*
- 20.68%
- 5Y*
- 18.37%
- 10Y*
- 6.07%
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RMDFX vs. QMNNX - Expense Ratio Comparison
RMDFX has a 0.18% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Return for Risk
RMDFX vs. QMNNX — Risk / Return Rank
RMDFX
QMNNX
RMDFX vs. QMNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspiriant Defensive Allocation Fund (RMDFX) 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.
| RMDFX | QMNNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.77 | +1.70 |
Sortino ratioReturn per unit of downside risk | 4.74 | 2.40 | +2.34 |
Omega ratioGain probability vs. loss probability | 1.75 | 1.33 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 4.07 | 2.06 | +2.01 |
Martin ratioReturn relative to average drawdown | 17.19 | 5.15 | +12.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMDFX | QMNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.77 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.94 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.74 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.87 | -0.10 |
Correlation
The correlation between RMDFX and QMNNX is 0.03, 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.
Dividends
RMDFX vs. QMNNX - Dividend Comparison
RMDFX's dividend yield for the trailing twelve months is around 4.52%, more than QMNNX's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 4.52% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% | 0.00% |
QMNNX AQR Equity Market Neutral Fund N | 1.30% | 1.26% | 6.06% | 21.67% | 5.77% | 1.41% | 17.64% | 3.86% | 0.49% | 3.37% | 1.19% | 2.51% |
Drawdowns
RMDFX vs. QMNNX - Drawdown Comparison
The maximum RMDFX drawdown since its inception was -15.96%, smaller than the maximum QMNNX drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for RMDFX and QMNNX.
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Drawdown Indicators
| RMDFX | QMNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -39.22% | +23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -5.47% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -14.23% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -15.96% | -39.22% | +23.26% |
Current DrawdownCurrent decline from peak | -3.79% | -3.92% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -10.67% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.19% | -1.20% |
Volatility
RMDFX vs. QMNNX - Volatility Comparison
Aspiriant Defensive Allocation Fund (RMDFX) has a higher volatility of 1.99% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.36%. This indicates that RMDFX'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.
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Volatility by Period
| RMDFX | QMNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.36% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.07% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 6.29% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 9.53% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 8.23% | -2.03% |