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AQR Global Equity Fund (AQGIX)

Mutual Fund · Currency in USD · Last updated Jun 2, 2023

The fund seeks to outperform, after expenses, the MSCI World Index while seeking to control its tracking error relative to this benchmark. Generally, it will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity and equity-related instruments (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps, swaps on equity index futures, depositary receipts and real estate investment trusts or securities with similar characteristics). The fund will invest in companies with a broad range of market capitalizations.

Fund Info

ISINUS00203H8759
CUSIP00203H875
IssuerAQR Funds
Inception DateDec 30, 2009
CategoryGlobal Equities
Minimum Investment$5,000,000
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Value

Expense Ratio

The AQR Global Equity Fund has a high expense ratio of 0.80%, indicating higher-than-average management fees.


0.80%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in AQR Global Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%2023FebruaryMarchAprilMayJune
3.93%
5.56%
AQGIX (AQR Global Equity Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AQGIX

AQR Global Equity Fund

Return

AQR Global Equity Fund had a return of 6.19% year-to-date (YTD) and -1.24% in the last 12 months. Over the past 10 years, AQR Global Equity Fund had an annualized return of 6.68%, while the S&P 500 had an annualized return of 9.92%, indicating that AQR Global Equity Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.46%2.46%
Year-To-Date6.19%9.94%
6 months1.50%3.54%
1 year-1.24%2.92%
5 years (annualized)3.94%9.08%
10 years (annualized)6.68%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20238.98%-2.67%-0.11%1.37%-2.60%
20226.61%-4.73%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and S&P 500 (^GSPC). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AQGIX
AQR Global Equity Fund
-0.09
^GSPC
S&P 500
0.10

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AQR Global Equity Fund Sharpe ratio is -0.09. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.402023FebruaryMarchAprilMayJune
-0.09
0.10
AQGIX (AQR Global Equity Fund)
Benchmark (^GSPC)

Dividend History

AQR Global Equity Fund granted a 4.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.36$0.36$1.22$0.11$0.12$0.34$0.45$0.77$0.12$1.00$5.71$0.52

Dividend yield

4.13%4.39%12.70%1.37%1.67%5.68%6.36%13.69%2.19%18.43%108.99%12.83%

Monthly Dividends

The table displays the monthly dividend distributions for AQR Global Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.22
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.12
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.34
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.45
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.77
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11$0.01
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.00
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.71
2012$0.52

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%2023FebruaryMarchAprilMayJune
-9.82%
-12.00%
AQGIX (AQR Global Equity Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AQR Global Equity Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AQR Global Equity Fund is 35.47%, recorded on Mar 23, 2020. It took 166 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-35.47%Feb 13, 202027Mar 23, 2020166Nov 16, 2020193
-25.86%May 3, 2011107Oct 3, 2011305Dec 20, 2012412
-23.3%Jan 13, 2022180Sep 30, 2022
-22.63%Jan 29, 2018228Dec 21, 2018286Feb 12, 2020514
-21.12%Apr 29, 2015200Feb 11, 2016240Jan 25, 2017440

Volatility Chart

The current AQR Global Equity Fund volatility is 4.31%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%2023FebruaryMarchAprilMayJune
4.31%
3.68%
AQGIX (AQR Global Equity Fund)
Benchmark (^GSPC)