ADANX vs. ADAIX
Compare and contrast key facts about AQR Diversified Arbitrage Fund Class N (ADANX) and AQR Diversified Arbitrage Fund Class I (ADAIX).
ADANX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009. ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009.
Performance
ADANX vs. ADAIX - Performance Comparison
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ADANX vs. ADAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADANX AQR Diversified Arbitrage Fund Class N | 0.70% | 7.75% | 2.92% | 4.23% | -3.54% | 5.99% | 24.85% | 8.33% | 2.02% | 5.59% |
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% | 5.93% |
Returns By Period
In the year-to-date period, ADANX achieves a 0.70% return, which is significantly lower than ADAIX's 0.78% return. Both investments have delivered pretty close results over the past 10 years, with ADANX having a 6.48% annualized return and ADAIX not far ahead at 6.75%.
ADANX
- 1D
- -0.15%
- 1M
- 0.08%
- YTD
- 0.70%
- 6M
- 2.42%
- 1Y
- 5.97%
- 3Y*
- 4.89%
- 5Y*
- 2.44%
- 10Y*
- 6.48%
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%
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ADANX vs. ADAIX - Expense Ratio Comparison
ADANX has a 2.12% expense ratio, which is higher than ADAIX's 1.38% expense ratio.
Return for Risk
ADANX vs. ADAIX — Risk / Return Rank
ADANX
ADAIX
ADANX vs. ADAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Diversified Arbitrage Fund Class N (ADANX) and AQR Diversified Arbitrage Fund Class I (ADAIX). 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.
| ADANX | ADAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.98 | 4.19 | -0.20 |
Sortino ratioReturn per unit of downside risk | 6.52 | 6.86 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.95 | 2.06 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 9.27 | 9.83 | -0.56 |
Martin ratioReturn relative to average drawdown | 37.03 | 37.48 | -0.44 |
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
| ADANX | ADAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.98 | 4.19 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.02 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 1.56 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.19 | -0.07 |
Correlation
The correlation between ADANX and ADAIX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ADANX vs. ADAIX - Dividend Comparison
ADANX's dividend yield for the trailing twelve months is around 1.84%, less than ADAIX's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADANX AQR Diversified Arbitrage Fund Class N | 1.84% | 1.86% | 0.96% | 2.47% | 0.10% | 0.40% | 1.33% | 1.81% | 6.22% | 6.84% | 6.83% | 4.43% |
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% |
Drawdowns
ADANX vs. ADAIX - Drawdown Comparison
The maximum ADANX drawdown since its inception was -14.73%, roughly equal to the maximum ADAIX drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for ADANX and ADAIX.
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Drawdown Indicators
| ADANX | ADAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.73% | -14.75% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.64% | -0.64% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -7.40% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -14.73% | -14.75% | +0.02% |
Current DrawdownCurrent decline from peak | -0.31% | -0.31% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.85% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.17% | -0.01% |
Volatility
ADANX vs. ADAIX - Volatility Comparison
AQR Diversified Arbitrage Fund Class N (ADANX) has a higher volatility of 0.41% compared to AQR Diversified Arbitrage Fund Class I (ADAIX) at 0.38%. This indicates that ADANX's price experiences larger fluctuations and is considered to be riskier than ADAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADANX | ADAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.38% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 1.11% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 1.54% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 2.69% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 4.33% | -0.04% |