QMNIX Performance — AQR Equity Market Neutral Fund, Class I
Data updated: 2026-08-27
QMNIX returned −8.81% year to date and +0.87% over one year to Jun 2026. Annualised returns are +17.56% over 3 years and +17.86% over 5 years. Against its Global Mid-Cap Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $162, against $147 for the category, and to $101 over one year, against $118. Volatility over the past three years was 8.44% a year. In the 12 months to Jun 2026 the fund took in a net $827.2M, and assets reached $2.87B.
QMNIX Growth of $100
What $100 invested in AQR Equity Market Neutral Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Blend category average over the same months.
| Period | QMNIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $101 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $162 | $147 |
| 5 years (Jul 2021 – Jun 2026) | $227 | $150 |
| Since data start (Jul 2019 – Jun 2026) | $198 | $193 |
QMNIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.81% |
| 1 year | +0.87% |
| 3 years (annualised) | +17.56% |
| 5 years (annualised) | +17.86% |
QMNIX Annual Returns
Calendar-year total returns of AQR Equity Market Neutral Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −8.81% |
| 2025 | +26.53% |
| 2024 | +25.29% |
| 2023 | +17.13% |
| 2022 | +27.22% |
| 2021 | +17.64% |
| 2020 | −19.52% |
| 2019 (Jul–Dec) | −3.07% |
QMNIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.2% | −0.4% | +0.2% | −3.7% | +0.6% | −2.5% | — | — | — | — | — | — |
| 2025 | +3.2% | +4.0% | +2.2% | +1.8% | +2.2% | +0.2% | −1.7% | +2.8% | +3.3% | +1.1% | +1.7% | +3.1% |
| 2024 | +5.5% | +0.6% | +5.2% | +3.3% | +3.0% | −1.0% | −0.7% | +0.5% | −0.7% | +1.5% | +3.7% | +2.2% |
| 2023 | +1.6% | +3.3% | −3.6% | +0.8% | −1.3% | +3.6% | +2.7% | +3.8% | +5.9% | +2.1% | +0.4% | −3.0% |
| 2022 | +11.1% | +1.5% | −0.8% | +7.0% | +6.5% | −4.7% | −4.7% | −0.8% | −0.6% | +4.8% | +3.2% | +3.2% |
| 2021 | +2.9% | +2.2% | +8.9% | 0.0% | +3.7% | −6.1% | +0.1% | −2.4% | +1.9% | −2.1% | +1.8% | +6.5% |
| 2020 | −1.0% | −2.7% | −1.9% | −3.2% | −5.7% | +2.0% | −1.9% | −1.3% | +0.1% | −2.2% | −3.3% | −0.4% |
| 2019 | — | — | — | — | — | — | +0.2% | −0.5% | 0.0% | −0.1% | −0.8% | −1.9% |
QMNIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 8.44%
- 3-year Sharpe ratio: 1.55 (vs 4.5% risk-free rate)
- Best month: +5.94% (Sep 2023)
- Worst month: −3.73% (Apr 2026)
QMNIX Fund Flows
Monthly money in and out of AQR Equity Market Neutral Fund, from SEC Form N-PORT.
- 12-month net flow: $827.2M
- 12-month gross sales (incl. reinvestments): $3.0B
- Sales ÷ redemptions: 1.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $90.6M | $76.9M | $13.7M |
| May 2026 | $155.0M | $136.6M | $18.4M |
| Apr 2026 | $237.3M | $524.1M | −$286.7M |
| Mar 2026 | $222.8M | $107.5M | $115.2M |
| Feb 2026 | $254.6M | $384.5M | −$129.9M |
| Jan 2026 | $406.4M | $299.4M | $107.1M |
| Dec 2025 | $721.7M | $124.5M | $597.1M |
| Nov 2025 | $238.3M | $71.0M | $167.3M |
| Oct 2025 | $193.0M | $53.6M | $139.4M |
| Sep 2025 | $132.1M | $45.6M | $86.5M |
| Aug 2025 | $133.9M | $66.0M | $67.9M |
| Jul 2025 | $186.9M | $255.6M | −$68.7M |
QMNIX Assets Under Management
Net assets of AQR Equity Market Neutral Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.87B |
| 2026-03-31 | $3.31B |
| 2025-12-31 | $3.34B |
| 2025-09-30 | $2.32B |
| 2025-06-30 | $2.14B |
| 2025-03-31 | $1.57B |
| 2024-12-31 | $837.90M |
| 2024-09-30 | $717.89M |
| 2024-06-30 | $672.20M |
| 2024-03-31 | $438.64M |
| 2023-12-31 | $252.39M |
| 2023-09-30 | $265.42M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.