AQR Macro Opportunities Fund (QGMIX)
The investment seeks positive absolute returns. The fund invests globally across a wide range of asset classes, including equities, fixed income, currencies and commodities, and may take both "long" and "short" positions in each of the asset classes or Instruments. The advisor has the flexibility to shift its allocation across asset classes and markets around the world, including emerging markets, based on the Adviser's assessment of their relative attractiveness.
Fund Info
US00203H3701
00203H370
Apr 7, 2014
$5,000,000
Expense Ratio
QGMIX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR Macro Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AQR Macro Opportunities Fund had a return of 3.98% year-to-date (YTD) and 2.37% in the last 12 months. Over the past 10 years, AQR Macro Opportunities Fund had an annualized return of 1.46%, while the S&P 500 had an annualized return of 11.31%, indicating that AQR Macro Opportunities Fund did not perform as well as the benchmark.
QGMIX
3.98%
3.23%
6.01%
2.37%
3.31%
1.46%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of QGMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.63% | 3.98% | |||||||||||
| 2024 | -1.33% | 3.42% | 4.10% | 1.06% | -2.38% | -0.88% | -3.44% | -3.67% | -0.42% | -1.59% | 1.62% | 3.25% | -0.65% |
| 2023 | 0.09% | 4.99% | -7.12% | -0.66% | -2.00% | 3.02% | -1.04% | -0.10% | 3.25% | -2.03% | -0.57% | 2.45% | -0.29% |
| 2022 | 2.66% | 3.24% | 4.40% | 3.61% | -2.90% | 4.49% | -0.00% | 6.68% | 4.29% | 0.00% | -2.32% | -4.71% | 20.46% |
| 2021 | 0.21% | 3.23% | 0.20% | -0.30% | -0.81% | 1.32% | -4.32% | -0.74% | 0.42% | -0.63% | -4.88% | 1.32% | -5.13% |
| 2020 | -0.53% | -2.11% | -1.40% | 0.66% | -0.00% | 0.22% | 2.06% | 0.00% | 0.32% | -0.42% | 0.32% | 1.59% | 0.63% |
| 2019 | 0.11% | 1.32% | 0.43% | 2.59% | -2.11% | 0.97% | -0.75% | -0.54% | 0.43% | 0.32% | 1.72% | 0.37% | 4.90% |
| 2018 | 6.63% | 0.32% | -0.53% | 2.04% | -2.00% | 1.40% | -0.74% | 1.07% | 1.90% | 2.28% | -1.52% | -5.04% | 5.49% |
| 2017 | 0.99% | -0.87% | -1.54% | -2.69% | -1.38% | 1.05% | 1.62% | -0.11% | 0.34% | -0.34% | 0.11% | -0.52% | -3.38% |
| 2016 | 0.83% | 0.72% | -1.74% | -1.36% | -2.33% | 0.76% | 1.72% | 0.42% | 0.95% | 2.50% | -1.52% | -6.41% | -5.63% |
| 2015 | -0.70% | 0.91% | 2.61% | -1.27% | 0.40% | -2.07% | 2.12% | -0.79% | 0.90% | -0.99% | 0.80% | -5.14% | -3.42% |
| 2014 | -1.20% | -1.22% | -1.13% | -0.52% | 0.94% | 1.65% | -0.81% | 1.53% | 0.20% | -0.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QGMIX is 12, meaning it’s performing worse than 88% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR Macro Opportunities Fund (QGMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Macro Opportunities Fund provided a 1.84% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.99 | $0.04 | $0.08 | $0.00 | $0.01 | $0.16 | $0.00 |
Dividend yield | 1.84% | 1.92% | 10.10% | 0.32% | 0.87% | 0.00% | 0.05% | 1.71% | 0.05% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Macro Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 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 | $0.99 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2017 | $0.00 | $0.00 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the AQR Macro Opportunities 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 Macro Opportunities Fund was 17.39%, occurring on Jun 20, 2017. Recovery took 921 trading sessions.
The current AQR Macro Opportunities Fund drawdown is 7.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.39% | Apr 14, 2015 | 552 | Jun 20, 2017 | 921 | Feb 17, 2021 | 1473 |
| -16% | Nov 7, 2022 | 437 | Aug 5, 2024 | — | — | — |
| -12% | Feb 24, 2021 | 193 | Nov 26, 2021 | 73 | Mar 14, 2022 | 266 |
| -4.3% | Apr 10, 2014 | 84 | Aug 8, 2014 | 105 | Jan 8, 2015 | 189 |
| -4.16% | Jun 14, 2022 | 8 | Jun 24, 2022 | 40 | Aug 22, 2022 | 48 |
Volatility
Volatility Chart
The current AQR Macro Opportunities Fund volatility is 2.41%, 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.