ADAIX vs. RMDFX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class I (ADAIX) and Aspiriant Defensive Allocation Fund (RMDFX).
ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015.
Performance
ADAIX vs. RMDFX - Performance Comparison
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ADAIX vs. RMDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAIX AQR Diversified Arbitrage Fund Class I | 0.94% | 8.03% | 3.19% | 4.51% | -3.30% | 6.27% | 25.24% | 8.53% | 2.19% | 5.93% |
RMDFX Aspiriant Defensive Allocation Fund | 3.28% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 5.10% | 11.50% | -4.89% | 9.41% |
Returns By Period
In the year-to-date period, ADAIX achieves a 0.94% return, which is significantly lower than RMDFX's 3.28% return. Over the past 10 years, ADAIX has outperformed RMDFX with an annualized return of 6.77%, while RMDFX has yielded a comparatively lower 4.99% annualized return.
ADAIX
- 1D
- 0.15%
- 1M
- 0.15%
- YTD
- 0.94%
- 6M
- 2.76%
- 1Y
- 6.49%
- 3Y*
- 5.22%
- 5Y*
- 2.63%
- 10Y*
- 6.77%
RMDFX
- 1D
- 0.74%
- 1M
- -2.77%
- YTD
- 3.28%
- 6M
- 8.17%
- 1Y
- 18.01%
- 3Y*
- 9.73%
- 5Y*
- 5.27%
- 10Y*
- 4.99%
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ADAIX vs. RMDFX - Expense Ratio Comparison
ADAIX has a 1.38% expense ratio, which is higher than RMDFX's 0.18% expense ratio.
Return for Risk
ADAIX vs. RMDFX — Risk / Return Rank
ADAIX
RMDFX
ADAIX vs. RMDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class I (ADAIX) and Aspiriant Defensive Allocation Fund (RMDFX). 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 | RMDFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.18 | 3.59 | +0.60 |
Sortino ratioReturn per unit of downside risk | 6.85 | 4.93 | +1.92 |
Omega ratioGain probability vs. loss probability | 2.06 | 1.79 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 10.22 | 4.33 | +5.89 |
Martin ratioReturn relative to average drawdown | 38.90 | 17.94 | +20.95 |
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 | RMDFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.18 | 3.59 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.84 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.57 | 0.81 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.79 | +0.40 |
Correlation
The correlation between ADAIX and RMDFX is 0.25, 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. RMDFX - Dividend Comparison
ADAIX's dividend yield for the trailing twelve months is around 2.10%, less than RMDFX's 4.49% 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% |
RMDFX Aspiriant Defensive Allocation Fund | 4.49% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% | 0.00% |
Drawdowns
ADAIX vs. RMDFX - Drawdown Comparison
The maximum ADAIX drawdown since its inception was -14.75%, smaller than the maximum RMDFX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for ADAIX and RMDFX.
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Drawdown Indicators
| ADAIX | RMDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -15.96% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -4.19% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -14.63% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -15.96% | +1.21% |
Current DrawdownCurrent decline from peak | -0.15% | -3.08% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.37% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 1.01% | -0.84% |
Volatility
ADAIX vs. RMDFX - Volatility Comparison
The current volatility for AQR Diversified Arbitrage Fund Class I (ADAIX) is 0.40%, while Aspiriant Defensive Allocation Fund (RMDFX) has a volatility of 2.19%. This indicates that ADAIX experiences smaller price fluctuations and is considered to be less risky than RMDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAIX | RMDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 2.19% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 3.89% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 5.05% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 6.34% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 6.21% | -1.88% |