- ISIN
- US00191K6588
- CUSIP
- 00191K658
- Issuer
- AQR
- Inception Date
- Feb 10, 2015
- Category
- Emerging Markets 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
QTELX Performance Chart
AQR Emerging Multi-Style II Fund (QTELX) is up 16.5% since the beginning of the year. QTELX is currently trading at $15 per share. Investors who bought $1,000 worth of QTELX shares 5 years ago would now be looking at an investment worth $1,494.
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Returns By Period
AQR Emerging Multi-Style II Fund (QTELX) has returned 16.53% so far this year and 34.92% over the past 12 months. Over the last ten years, QTELX has returned 8.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
AQR Emerging Multi-Style II Fund
- 1D
- 4.19%
- 1M
- -3.99%
- 6M
- 6.24%
- YTD
- 16.53%
- 1Y
- 34.92%
- 3Y*
- 20.24%
- 5Y*
- 8.36%
- 10Y*
- 8.81%
- ALL TIME*
- 9.52%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
QTELX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, QTELX's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +17.1%, while the worst month was Mar 2020 at -16.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QTELX closed higher 52% of trading days. The best single day was Mar 16, 2022 with a return of +5.9%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.68% | 7.01% | -9.82% | 12.64% | 6.13% | 0.12% | -8.01% | 16.53% | |||||
| 2025 | 1.57% | -0.87% | 2.24% | 0.29% | 5.02% | 7.22% | 0.25% | 1.26% | 6.38% | 4.13% | -1.20% | 2.89% | 32.89% |
| 2024 | -1.99% | 5.54% | 1.41% | 0.30% | 3.18% | 2.69% | 1.03% | 0.74% | 5.71% | -3.92% | -1.90% | -1.10% | 11.82% |
| 2023 | 8.45% | -6.56% | 2.63% | -0.21% | -3.32% | 4.32% | 7.23% | -6.05% | -1.16% | -3.84% | 7.44% | 4.63% | 12.66% |
| 2022 | -0.25% | -3.02% | -2.60% | -5.42% | 0.56% | -8.12% | -0.81% | -1.02% | -12.11% | -2.71% | 17.07% | -2.74% | -21.29% |
| 2021 | 3.46% | 1.20% | 0.79% | 2.89% | 0.84% | 0.30% | -5.56% | 1.51% | -4.46% | 0.49% | -3.83% | 3.83% | 0.92% |
Benchmark Metrics
AQR Emerging Multi-Style II Fund has an annualized alpha of 0.51%, beta of 0.74, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 83.57% of S&P 500 Index downside but only 73.89% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.51%
- Beta
- 0.74
- R²
- 0.53
- Upside Capture
- 73.89%
- Downside Capture
- 83.57%
Expense Ratio
QTELX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QTELX ranks 48 for risk / return — above 48% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for AQR Emerging Multi-Style II Fund (QTELX) 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.
| QTELX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.00 | +0.17 |
| Martin ratioReturn relative to average drawdown | 7.15 | 8.49 | -1.34 |
Dividends
Dividend History
AQR Emerging Multi-Style II Fund provided a 3.62% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.49 | $0.54 | $0.41 | $0.29 | $0.19 | $0.25 | $0.22 | $0.18 | $0.21 |
Dividend yield | 3.62% | 4.21% | 4.84% | 5.65% | 4.60% | 2.42% | 1.53% | 2.32% | 2.32% | 1.55% | 2.51% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Emerging Multi-Style II 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 | $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 | $0.55 | $0.55 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
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 Emerging Multi-Style II 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 Emerging Multi-Style II Fund was 40.55%, occurring on Mar 19, 2020. Recovery took 198 trading sessions.
The current AQR Emerging Multi-Style II Fund drawdown is 11.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.55%Mar 2020 | 2y 1mo | 9mo 16d | 2y 11moJan 2018 - Dec 2020 | COVID crash2020 |
-38.37%Oct 2022 | 1y 8mo | 2y 7mo | 4y 3moFeb 2021 - Jun 2025 | Bear market2022 |
-14.71%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-13.38%Mar 2026 | 1mo 2d | 23d | 1mo 25dFeb 2026 - Apr 2026 | — |
-10.41%Jan 2016 | 16d | 1mo 13d | 1mo 29dJan 2016 - Mar 2016 | — |
Drawdown Indicators
| QTELX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -56.78% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -9.10% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -18.90% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -25.43% | -9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -33.92% | -6.63% |
Current DrawdownCurrent decline from peak | -11.14% | -1.58% | -9.56% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -10.70% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.14% | +2.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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