- ISIN
- US00191K6331
- CUSIP
- 00191K633
- Issuer
- AQR Funds
- Inception Date
- Feb 11, 2012
- Category
- Emerging Markets Diversified
- Min. Investment
- $100,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
QTERX Performance Chart
AQR Emerging Multi-Style II Fund Class R6 (QTERX) is up 29.4% since the beginning of the year. QTERX is currently trading at $17 per share. Investors who bought $1,000 worth of QTERX shares 5 years ago would now be looking at an investment worth $1,594.
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Returns By Period
AQR Emerging Multi-Style II Fund Class R6 (QTERX) has returned 29.44% so far this year and 51.60% over the past 12 months. Over the last ten years, QTERX has returned 11.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
AQR Emerging Multi-Style II Fund Class R6
- 1D
- 2.93%
- 1M
- 7.06%
- YTD
- 29.44%
- 6M
- 34.96%
- 1Y
- 51.60%
- 3Y*
- 26.30%
- 5Y*
- 9.78%
- 10Y*
- 11.32%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
QTERX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, QTERX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +17.2%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QTERX 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% | 6.19% | 2.25% | 29.44% | ||||||
| 2025 | 1.57% | -0.87% | 2.24% | 0.29% | 4.93% | 7.32% | 0.25% | 1.26% | 6.38% | 4.13% | -1.12% | 2.85% | 32.94% |
| 2024 | -1.99% | 5.66% | 1.41% | 0.30% | 3.08% | 2.79% | 0.94% | 0.84% | 5.71% | -3.92% | -1.90% | -1.03% | 12.02% |
| 2023 | 8.45% | -6.67% | 2.75% | -0.21% | -3.32% | 4.32% | 7.23% | -6.05% | -1.16% | -3.84% | 7.44% | 4.63% | 12.66% |
| 2022 | -0.25% | -2.94% | -2.60% | -5.42% | 0.56% | -8.03% | -0.91% | -1.02% | -12.11% | -2.71% | 17.19% | -2.72% | -21.13% |
| 2021 | 3.46% | 1.20% | 0.79% | 2.89% | 0.84% | 0.30% | -5.56% | 1.59% | -4.54% | 0.57% | -3.83% | 3.77% | 0.95% |
Benchmark Metrics
AQR Emerging Multi-Style II Fund Class R6 has an annualized alpha of 1.77%, 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 78.36% of S&P 500 Index downside but only 75.02% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.77%
- Beta
- 0.74
- R²
- 0.53
- Upside Capture
- 75.02%
- Downside Capture
- 78.36%
Expense Ratio
QTERX has an expense ratio of 0.62%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QTERX ranks 83 for risk / return — in the top 83% 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 Emerging Multi-Style II Fund Class R6 (QTERX) 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.
| QTERX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.36 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 2.71 | +1.33 |
| Martin ratioReturn relative to average drawdown | 15.06 | 12.15 | +2.90 |
Dividends
Dividend History
AQR Emerging Multi-Style II Fund Class R6 provided a 3.28% 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 | $0.50 | $0.55 | $0.43 | $0.30 | $0.20 | $0.47 | $0.23 | $0.19 | $0.22 |
Dividend yield | 3.28% | 4.25% | 4.91% | 5.76% | 4.73% | 2.53% | 1.68% | 4.48% | 2.40% | 1.63% | 2.57% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Emerging Multi-Style II Fund Class R6. 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 | $0.55 | $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 | $0.50 | $0.50 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
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 Class R6. 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 Class R6 was 39.15%, occurring on Mar 19, 2020. Recovery took 181 trading sessions.
The current AQR Emerging Multi-Style II Fund Class R6 drawdown is 1.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.15%Mar 2020 | 2y 1mo | 8mo 20d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -38.30%Oct 2022 | 1y 8mo | 2y 7mo | 4y 3moFeb 2021 - Jun 2025 |
2026 correction2026 | -13.32%Mar 2026 | 1mo 2d | 23d | 1mo 25dFeb 2026 - Apr 2026 |
2016 correction2016 | -10.41%Jan 2016 | 15d | 1mo 13d | 1mo 28dJan 2016 - Mar 2016 |
2016 pullback2016 | -9.22%Nov 2016 | 20d | 2mo 21d | 3mo 11dOct 2016 - Feb 2017 |
Drawdown Indicators
| QTERX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -56.78% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -9.10% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -18.90% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.83% | -25.43% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -33.92% | -5.23% |
Current DrawdownCurrent decline from peak | -1.00% | -1.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -10.72% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.02% | +1.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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