- ISIN
- US00203H5375
- CUSIP
- 00203H537
- Issuer
- AQR Funds
- Inception Date
- Mar 25, 2013
- Category
- Foreign Large Cap Equities
- 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
QICLX Performance Chart
AQR International Multi-Style Fund (QICLX) is up 10.0% since the beginning of the year. QICLX is currently trading at $19 per share. Investors who bought $1,000 worth of QICLX shares 5 years ago would now be looking at an investment worth $1,687.
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Returns By Period
AQR International Multi-Style Fund (QICLX) has returned 10.02% so far this year and 26.86% over the past 12 months. Over the last ten years, QICLX has returned 10.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
AQR International Multi-Style Fund
- 1D
- 0.49%
- 1M
- 3.34%
- YTD
- 10.02%
- 6M
- 13.57%
- 1Y
- 26.86%
- 3Y*
- 22.18%
- 5Y*
- 11.03%
- 10Y*
- 10.21%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
QICLX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, QICLX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +12.8%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QICLX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Mar 12, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.11% | 4.86% | -7.57% | 5.19% | 1.48% | 0.22% | 10.02% | ||||||
| 2025 | 5.07% | 4.97% | 1.27% | 5.30% | 4.97% | 3.03% | -0.61% | 4.01% | 2.79% | -0.06% | 2.14% | 3.51% | 42.80% |
| 2024 | -0.15% | 3.03% | 4.74% | -2.44% | 5.38% | -2.87% | 1.87% | 2.40% | 0.00% | -4.14% | 0.94% | -3.44% | 4.86% |
| 2023 | 9.14% | -2.38% | 1.93% | 2.72% | -5.86% | 5.38% | 3.64% | -3.52% | -2.11% | -2.32% | 7.87% | 4.72% | 19.55% |
| 2022 | -2.06% | -2.49% | 0.56% | -6.19% | 2.54% | -9.81% | 4.02% | -5.18% | -9.82% | 6.78% | 12.61% | -1.49% | -12.22% |
| 2021 | -0.83% | 3.51% | 3.56% | 2.89% | 4.86% | -1.95% | 0.15% | 0.88% | -4.16% | 2.74% | -4.30% | 4.85% | 12.24% |
Benchmark Metrics
AQR International Multi-Style Fund has an annualized alpha of -1.73%, beta of 0.78, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.
- This fund participated in 87.61% of S&P 500 Index downside but only 70.89% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.73%
- Beta
- 0.78
- R²
- 0.68
- Upside Capture
- 70.89%
- Downside Capture
- 87.61%
Expense Ratio
QICLX has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QICLX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AQR International Multi-Style Fund (QICLX) and compare them to S&P 500 Index.
| QICLX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.24 | -0.52 |
Sortino ratioReturn per unit of downside risk | 2.41 | 3.07 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.93 | -0.58 |
Martin ratioReturn relative to average drawdown | 8.86 | 13.52 | -4.66 |
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 Multi-Style Fund provided a 7.76% dividend yield over the last twelve months, with an annual payout of $1.44 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 | $1.44 | $1.44 | $0.73 | $0.42 | $0.36 | $0.39 | $0.22 | $0.34 | $0.38 | $0.29 | $0.26 | $0.15 |
Dividend yield | 7.76% | 8.54% | 5.68% | 3.25% | 3.22% | 2.97% | 1.79% | 2.93% | 3.79% | 2.42% | 2.64% | 1.41% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR International 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 | $1.44 | $1.44 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 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 | $0.36 | $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 | $0.39 | $0.39 |
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 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 International Multi-Style Fund was 36.19%, occurring on Mar 20, 2020. Recovery took 188 trading sessions.
The current AQR International Multi-Style Fund drawdown is 1.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.19%Mar 2020 | 2y 1mo | 9mo 1d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -28.88%Sep 2022 | 1y 3mo | 1y 2mo | 2y 6moJun 2021 - Dec 2023 |
2016 bear market2016 | -24.28%Feb 2016 | 1y 7mo | 1y 5mo | 3y 8dJul 2014 - Jul 2017 |
2025 selloff2025 | -13.84%Apr 2025 | 19d | 20d | 1mo 9dMar 2025 - Apr 2025 |
2026 correction2026 | -11.11%Mar 2026 | 22d | — | 3mo 8dFeb 2026 - now |
Drawdown Indicators
| QICLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -56.78% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -9.10% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -18.90% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -25.43% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -36.19% | -33.92% | -2.27% |
Current DrawdownCurrent decline from peak | -1.38% | -0.74% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -10.72% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.97% | +0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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