ADAIX vs. AMOMX

Last updated Jun 24, 2026

ADAIX (AQR Diversified Arbitrage Fund Class I) and AMOMX (AQR Large Cap Momentum Style Fund) are both mutual funds - ADAIX is a Multistrategy fund actively managed by AQR Funds, while AMOMX is a Large Cap Growth Equities fund managed by AQR Funds. At a 0.13 correlation, their price movements are largely independent. ADAIX charges 1.38%/yr vs 0.41%/yr for AMOMX.

Performance

ADAIX vs. AMOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Large Cap Momentum Style Fund (AMOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADAIX

• 1D: 0.23%
• 1M: 0.23%
• YTD: 3.28%
• 6M: 3.36%
• 1Y: 6.55%
• 3Y*: 6.09%
• 5Y*: 2.97%
• 10Y*: 6.91%

AMOMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADAIX vs. AMOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADAIX AQR Diversified Arbitrage Fund Class I	3.28%	8.03%	3.19%	4.51%	-3.30%	6.27%	25.24%	8.53%	2.19%	5.93%
AMOMX AQR Large Cap Momentum Style Fund	11.26%	15.36%	27.62%	18.17%	-18.00%	26.01%	26.86%	29.20%	-4.01%	23.87%

Correlation

The correlation between ADAIX and AMOMX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 9, 2009	0.13

The correlation between ADAIX and AMOMX shifts across timeframes, from 0.07 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ADAIX vs. AMOMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADAIX

ADAIX Risk / Return Rank: 99
ADAIX Sharpe Ratio Rank: 99
ADAIX Sortino Ratio Rank: 99
ADAIX Omega Ratio Rank: 98
ADAIX Calmar Ratio Rank: 99
ADAIX Martin Ratio Rank: 99

AMOMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADAIX vs. AMOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and AQR Large Cap Momentum Style Fund (AMOMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADAIX	AMOMX	Difference
Sharpe ratio: Return per unit of total volatility	4.58	—	—
Sortino ratio: Return per unit of downside risk	7.66	—	—
Omega ratio: Gain probability vs. loss probability	2.15	—	—
Calmar ratio: Return relative to maximum drawdown	14.03	—	—
Martin ratio: Return relative to average drawdown	43.41	—	—

Drawdowns

Drawdown Indicators

	ADAIX	AMOMX	Difference
Max Drawdown Largest peak-to-trough decline	-14.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.75%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-2.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	—	—

Volatility

Volatility by Period

	ADAIX	AMOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.61%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.32%	—	—

ADAIX vs. AMOMX - Expense Ratio Comparison

ADAIX has a 1.38% expense ratio, which is higher than AMOMX's 0.41% expense ratio.

Dividends

ADAIX vs. AMOMX - Dividend Comparison

ADAIX's dividend yield for the trailing twelve months is around 2.05%, less than AMOMX's 30.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADAIX AQR Diversified Arbitrage Fund Class I	2.05%	2.12%	1.23%	2.74%	0.10%	0.65%	1.60%	2.11%	6.53%	7.17%	7.18%	4.93%
AMOMX AQR Large Cap Momentum Style Fund	30.65%	25.49%	14.05%	14.08%	10.95%	17.95%	16.14%	10.22%	12.17%	9.15%	8.23%	8.44%

Frequently Asked Questions

Can I hold both ADAIX and AMOMX in my portfolio?

ADAIX and AMOMX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.