ADAIX vs. ARBIX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class I (ADAIX) and Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX).
ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. ARBIX is an actively managed fund by Absolute Investment Advisers. It was launched on Aug 14, 2017.
Performance
ADAIX vs. ARBIX - Performance Comparison
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ADAIX vs. ARBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 0.78% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 1.74% |
ARBIX Absolute Convertible Arbitrage Fund Institutional Shares | 1.39% | 8.29% | 7.53% | 5.30% | -0.53% | 2.95% | 9.28% | 6.38% | 2.07% | 8,411.75% |
Returns By Period
In the year-to-date period, ADAIX achieves a 0.78% return, which is significantly lower than ARBIX's 1.39% return.
ADAIX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.78%
- 6M
- 2.60%
- 1Y
- 6.24%
- 3Y*
- 5.17%
- 5Y*
- 2.72%
- 10Y*
- 6.75%
ARBIX
- 1D
- 0.00%
- 1M
- -0.43%
- YTD
- 1.39%
- 6M
- 3.10%
- 1Y
- 7.59%
- 3Y*
- 7.06%
- 5Y*
- 4.69%
- 10Y*
- —
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ADAIX vs. ARBIX - Expense Ratio Comparison
ADAIX has a 1.38% expense ratio, which is lower than ARBIX's 1.47% expense ratio.
Return for Risk
ADAIX vs. ARBIX — Risk / Return Rank
ADAIX
ARBIX
ADAIX vs. ARBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX). 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.
| ADAIX | ARBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.19 | 5.98 | -1.79 |
Sortino ratioReturn per unit of downside risk | 6.86 | 10.76 | -3.90 |
Omega ratioGain probability vs. loss probability | 2.06 | 2.92 | -0.85 |
Calmar ratioReturn relative to maximum drawdown | 9.83 | 14.65 | -4.82 |
Martin ratioReturn relative to average drawdown | 37.48 | 68.71 | -31.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADAIX | ARBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 5.98 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 2.58 | -1.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.10 | +1.08 |
Correlation
The correlation between ADAIX and ARBIX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ADAIX vs. ARBIX - Dividend Comparison
ADAIX's dividend yield for the trailing twelve months is around 2.10%, less than ARBIX's 5.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 2.10% | 2.12% | 1.23% | 2.74% | 0.10% | 0.65% | 1.60% | 2.11% | 6.53% | 7.17% | 7.18% | 4.93% |
ARBIX Absolute Convertible Arbitrage Fund Institutional Shares | 5.27% | 5.34% | 4.87% | 3.62% | 3.33% | 3.12% | 2.92% | 2.83% | 1.97% | 0.24% | 0.00% | 0.00% |
Drawdowns
ADAIX vs. ARBIX - Drawdown Comparison
The maximum ADAIX drawdown since its inception was -14.75%, which is greater than ARBIX's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for ADAIX and ARBIX.
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Drawdown Indicators
| ADAIX | ARBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -4.31% | -10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -0.51% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -4.02% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.51% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -0.40% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.11% | +0.06% |
Volatility
ADAIX vs. ARBIX - Volatility Comparison
AQR Diversified Arbitrage Fund Class I (ADAIX) and Absolute Convertible Arbitrage Fund Institutional Shares (ARBIX) have volatilities of 0.38% and 0.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAIX | ARBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.39% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 0.87% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.26% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 1.83% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 746.10% | -741.77% |