- ISIN
- US00203H8262
- CUSIP
- 00203H826
- Issuer
- AQR Funds
- Inception Date
- Sep 29, 2010
- Category
- Tactical Allocation
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
AQRIX Performance Chart
AQR Multi-Asset Fund (AQRIX) is up 9.3% since the beginning of the year. AQRIX is currently trading at $13 per share. Investors who bought $1,000 worth of AQRIX shares 5 years ago would now be looking at an investment worth $1,534.
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Returns By Period
AQR Multi-Asset Fund (AQRIX) has returned 9.30% so far this year and 20.52% over the past 12 months. Over the last ten years, AQRIX has returned 8.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
AQR Multi-Asset Fund
- 1D
- 0.62%
- 1M
- 0.54%
- YTD
- 9.30%
- 6M
- 9.75%
- 1Y
- 20.52%
- 3Y*
- 14.69%
- 5Y*
- 8.94%
- 10Y*
- 8.35%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AQRIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2010, AQRIX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jun 2019 with a return of +6.2%, while the worst month was Jun 2022 at -7.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AQRIX closed higher 51% of trading days. The best single day was Dec 23, 2021 with a return of +6.4%, while the worst single day was Dec 27, 2021 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.51% | 4.90% | -5.14% | 5.01% | 2.50% | -0.46% | 9.30% | ||||||
| 2025 | 4.40% | 2.29% | -1.97% | -1.19% | 2.13% | 3.08% | 0.26% | 2.37% | 3.08% | 2.33% | 0.81% | -0.12% | 18.71% |
| 2024 | 1.56% | 1.43% | 4.74% | -2.02% | 2.95% | 0.10% | 0.38% | 0.10% | 2.85% | -4.16% | 4.53% | -2.07% | 10.45% |
| 2023 | 5.44% | -1.83% | 0.77% | 0.22% | -2.93% | 4.13% | 3.22% | -1.04% | -1.68% | -2.67% | 4.50% | 3.40% | 11.59% |
| 2022 | -0.85% | -0.67% | 0.29% | -3.27% | 1.39% | -7.74% | 5.52% | -3.42% | -6.35% | 4.23% | 3.42% | -2.70% | -10.54% |
| 2021 | -0.51% | -0.82% | 3.10% | 3.61% | 2.71% | 1.32% | 3.25% | 0.63% | -3.67% | 1.67% | -0.73% | 3.20% | 14.35% |
Benchmark Metrics
AQR Multi-Asset Fund has an annualized alpha of 2.90%, beta of 0.33, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since September 30, 2010.
- This fund participated in 58.21% of S&P 500 Index downside but only 50.48% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.33 may look defensive, but with R2 of 0.39 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.90%
- Beta
- 0.33
- R²
- 0.39
- Upside Capture
- 50.48%
- Downside Capture
- 58.21%
Expense Ratio
AQRIX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AQRIX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | 11.06 | 12.44 | -1.38 |
Dividends
Dividend History
AQR Multi-Asset Fund provided a 3.53% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.18 | $0.23 | $0.60 | $0.67 | $0.11 | $0.64 | $0.63 | $1.03 | $0.66 | $0.23 |
Dividend yield | 3.53% | 3.85% | 1.72% | 2.40% | 6.82% | 6.39% | 1.09% | 6.65% | 7.36% | 10.49% | 7.08% | 2.51% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Multi-Asset 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 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
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 Multi-Asset 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 Multi-Asset Fund was 19.37%, occurring on Sep 30, 2022. Recovery took 367 trading sessions.
The current AQR Multi-Asset Fund drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.37%Sep 2022 | 9mo 7d | 1y 5mo | 2y 2moDec 2021 - Mar 2024 |
COVID crash2020 | -17.66%Mar 2020 | 27d | 10mo 8d | 11mo 5dFeb 2020 - Jan 2021 |
2016 correction2016 | -17.46%Jan 2016 | 9mo 8d | 1y 4mo | 2y 1moApr 2015 - May 2017 |
2013 correction2013 | -13.34%Jun 2013 | 1mo 15d | 10mo 24d | 1y 4dMay 2013 - May 2014 |
Rate-hike selloffLate 2018 | -11.89%Dec 2018 | 10mo 26d | 5mo 29d | 1y 4moJan 2018 - Jun 2019 |
Drawdown Indicators
| AQRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.37% | -56.78% | +37.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -9.10% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -18.90% | +7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -25.43% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -19.37% | -33.92% | +14.55% |
Current DrawdownCurrent decline from peak | -1.36% | -1.80% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -10.71% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.03% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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