- ISIN
- US00203H5110
- CUSIP
- 00203H511
- Issuer
- AQR Funds
- Inception Date
- Mar 26, 2013
- Category
- Large Cap Blend Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
QCELX Performance Chart
AQR Large Cap Multi-Style Fund (QCELX) is up 16.3% since the beginning of the year. QCELX is currently trading at $23 per share. Investors who bought $1,000 worth of QCELX shares 5 years ago would now be looking at an investment worth $2,090.
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Returns By Period
AQR Large Cap Multi-Style Fund (QCELX) has returned 16.25% so far this year and 35.11% over the past 12 months. Looking at the last ten years, QCELX has achieved an annualized return of 15.41%, outperforming the S&P 500 Index benchmark, which averaged 13.71% per year.
AQR Large Cap Multi-Style Fund
- 1D
- -0.13%
- 1M
- 1.52%
- YTD
- 16.25%
- 6M
- 14.66%
- 1Y
- 35.11%
- 3Y*
- 25.92%
- 5Y*
- 15.89%
- 10Y*
- 15.41%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
QCELX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, QCELX's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.8%, while the worst month was Mar 2020 at -14.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QCELX closed higher 53% of trading days. The best single day was Dec 23, 2021 with a return of +12.7%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.83% | 1.26% | -4.01% | 10.24% | 6.09% | -0.55% | 16.25% | ||||||
| 2025 | 3.64% | -2.17% | -5.70% | 1.12% | 7.64% | 5.09% | 2.10% | 2.88% | 4.24% | 0.98% | 0.58% | 1.44% | 23.38% |
| 2024 | 1.87% | 5.57% | 5.22% | -4.91% | 4.89% | 1.92% | 2.18% | 1.04% | 1.48% | -1.26% | 7.07% | -3.67% | 22.73% |
| 2023 | 6.61% | -2.31% | 1.25% | 0.25% | -0.12% | 8.78% | 3.95% | -1.25% | -3.25% | -2.96% | 8.08% | 5.56% | 26.30% |
| 2022 | -4.09% | -2.36% | 3.63% | -7.51% | 1.92% | -9.90% | 9.44% | -3.93% | -9.09% | 9.12% | 5.15% | -6.78% | -15.73% |
| 2021 | 1.33% | 1.26% | 6.07% | 4.90% | 0.68% | 0.68% | 2.16% | 3.24% | -5.10% | 6.33% | -0.81% | 4.09% | 27.18% |
Benchmark Metrics
AQR Large Cap Multi-Style Fund has an annualized alpha of 1.17%, beta of 1.00, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- With beta of 1.00 and R2 of 0.90, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.17%
- Beta
- 1.00
- R²
- 0.90
- Upside Capture
- 102.24%
- Downside Capture
- 97.33%
Expense Ratio
QCELX has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QCELX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AQR Large Cap Multi-Style Fund (QCELX) 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.
| QCELX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | 2.46 | +2.21 |
| Martin ratioReturn relative to average drawdown | 20.39 | 10.92 | +9.47 |
Dividends
Dividend History
AQR Large Cap Multi-Style Fund provided a 12.39% dividend yield over the last twelve months, with an annual payout of $2.90 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.90 | $2.90 | $2.41 | $2.34 | $1.70 | $2.52 | $1.79 | $0.92 | $1.14 | $0.18 | $0.19 | $0.12 |
Dividend yield | 12.39% | 14.40% | 12.89% | 13.67% | 11.05% | 12.41% | 9.94% | 5.36% | 7.81% | 0.99% | 1.28% | 0.89% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Large Cap Multi-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 | $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 | $2.90 | $2.90 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.34 | $2.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $2.52 |
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 Large Cap Multi-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 Large Cap Multi-Style Fund was 33.52%, occurring on Mar 20, 2020. Recovery took 110 trading sessions.
The current AQR Large Cap Multi-Style Fund drawdown is 1.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.52%Mar 2020 | 29d | 5mo 9d | 6mo 8dFeb 2020 - Aug 2020 |
Bear market2022 | -28.70%Sep 2022 | 9mo 7d | 1y 4mo | 2y 1moDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -20.67%Dec 2018 | 3mo 23d | 11mo 9d | 1y 2moAug 2018 - Nov 2019 |
2025 selloff2025 | -18.38%Apr 2025 | 1mo 17d | 1mo 11d | 2mo 28dFeb 2025 - May 2025 |
2016 correction2016 | -17.64%Feb 2016 | 6mo 29d | 9mo 14d | 1y 4moJul 2015 - Nov 2016 |
Drawdown Indicators
| QCELX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.52% | -56.78% | +23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -9.10% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -18.90% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -25.43% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.52% | -33.92% | +0.40% |
Current DrawdownCurrent decline from peak | -1.81% | -3.21% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -10.71% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.04% | -0.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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