- ISIN
- US00203H6936
- CUSIP
- 00203H693
- Issuer
- AQR Funds
- Inception Date
- Jul 9, 2012
- Category
- Foreign Large Cap Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
ANDIX Performance Chart
AQR International Defensive Style Fund (ANDIX) is up 5.6% since the beginning of the year. ANDIX is currently trading at $10 per share. Investors who bought $1,000 worth of ANDIX shares 5 years ago would now be looking at an investment worth $1,311.
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Returns By Period
AQR International Defensive Style Fund (ANDIX) has returned 5.63% so far this year and 8.41% over the past 12 months. Over the last ten years, ANDIX has returned 6.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
AQR International Defensive Style Fund
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.63%
- 6M
- 7.43%
- 1Y
- 8.41%
- 3Y*
- 9.88%
- 5Y*
- 5.57%
- 10Y*
- 6.74%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
ANDIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 9, 2012, ANDIX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +11.3%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ANDIX closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +4.9%, while the worst single day was Mar 12, 2020 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.28% | 5.34% | -6.09% | 4.08% | -0.67% | 5.63% | |||||||
| 2025 | 3.66% | 2.35% | 0.88% | 6.37% | 2.84% | 1.59% | -3.26% | 3.05% | 0.00% | -1.21% | 2.33% | 1.28% | 21.41% |
| 2024 | -0.65% | 1.09% | 1.87% | -3.10% | 4.51% | -1.60% | 4.46% | 4.20% | 0.33% | -4.60% | 0.34% | -3.51% | 2.83% |
| 2023 | 6.04% | -3.33% | 4.21% | 3.52% | -4.61% | 2.75% | 1.45% | -3.00% | -3.53% | -1.75% | 6.44% | 4.14% | 12.06% |
| 2022 | -5.67% | -0.98% | 0.92% | -5.17% | 0.74% | -7.98% | 4.46% | -4.80% | -8.48% | 3.50% | 11.32% | -1.31% | -14.26% |
| 2021 | -1.31% | -0.63% | 2.96% | 2.12% | 3.69% | -0.97% | 0.91% | 1.36% | -3.70% | 2.25% | -2.79% | 3.78% | 7.59% |
Benchmark Metrics
AQR International Defensive Style Fund has an annualized alpha of -0.97%, beta of 0.61, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since July 10, 2012.
- This fund participated in 74.15% of S&P 500 Index downside but only 57.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.97%
- Beta
- 0.61
- R²
- 0.64
- Upside Capture
- 57.69%
- Downside Capture
- 74.15%
Expense Ratio
ANDIX has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ANDIX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AQR International Defensive Style Fund (ANDIX) and compare them to S&P 500 Index.
| ANDIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.39 | -1.32 |
Sortino ratioReturn per unit of downside risk | 1.54 | 3.25 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.11 | -1.78 |
Martin ratioReturn relative to average drawdown | 4.68 | 14.38 | -9.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
AQR International Defensive Style Fund provided a 70.16% dividend yield over the last twelve months, with an annual payout of $7.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.32 | $0.77 | $0.32 | $0.42 | $0.25 | $0.38 | $0.25 | $0.34 | $0.28 | $0.44 | $0.17 | $0.23 |
Dividend yield | 70.16% | 4.74% | 2.29% | 3.02% | 2.00% | 2.53% | 1.73% | 2.51% | 2.40% | 3.30% | 1.47% | 2.09% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR International Defensive Style Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $6.55 | $0.00 | $6.55 | |||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AQR International Defensive Style Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AQR International Defensive Style Fund was 27.59%, occurring on Oct 12, 2022. Recovery took 463 trading sessions.
The current AQR International Defensive Style Fund drawdown is 2.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -27.59%Oct 2022 | 1y 1mo | 1y 10mo | 2y 11moSep 2021 - Aug 2024 |
COVID crash2020 | -27.53%Mar 2020 | 1mo 25d | 7mo 28d | 9mo 23dJan 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -16.67%Dec 2018 | 10mo 26d | 11mo 27d | 1y 10moJan 2018 - Dec 2019 |
2016 correction2016 | -16.52%Jan 2016 | 8mo 7d | 1y 2mo | 1y 10moMay 2015 - Mar 2017 |
2013 correction2013 | -10.18%Jun 2013 | 1mo 16d | 2mo 26d | 4mo 12dMay 2013 - Sep 2013 |
Drawdown Indicators
| ANDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.59% | -56.78% | +29.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.10% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -9.59% | -18.90% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.59% | -25.43% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -27.59% | -33.92% | +6.33% |
Current DrawdownCurrent decline from peak | -2.91% | 0.00% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -10.72% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.97% | +0.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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