ADGAX vs. AUEIX

Last updated Jun 5, 2026

ADGAX (AB Core Opportunities Fund) and AUEIX (AQR Large Cap Defensive Style Fund) are both Large Cap Blend Equities funds. Over the past 10 years, ADGAX returned 13.32%/yr vs 10.96%/yr for AUEIX. Their correlation of 0.86 suggests significant overlap in exposure. ADGAX charges 1.09%/yr vs 0.37%/yr for AUEIX.

Performance

ADGAX vs. AUEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Core Opportunities Fund (ADGAX) and AQR Large Cap Defensive Style Fund (AUEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADGAX achieves a 5.48% return, which is significantly lower than AUEIX's 6.40% return. Over the past 10 years, ADGAX has outperformed AUEIX with an annualized return of 13.32%, while AUEIX has yielded a comparatively lower 10.96% annualized return.

ADGAX

• 1D: -0.77%
• 1M: 2.16%
• YTD: 5.48%
• 6M: 4.95%
• 1Y: 20.39%
• 3Y*: 19.53%
• 5Y*: 10.99%
• 10Y*: 13.32%

AUEIX

• 1D: -0.58%
• 1M: 2.18%
• YTD: 6.40%
• 6M: 5.90%
• 1Y: 7.78%
• 3Y*: 11.64%
• 5Y*: 6.62%
• 10Y*: 10.96%

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

ADGAX vs. AUEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADGAX AB Core Opportunities Fund	5.48%	17.36%	22.49%	20.93%	-15.73%	24.34%	12.97%	26.94%	-2.89%	22.46%
AUEIX AQR Large Cap Defensive Style Fund	6.40%	6.95%	13.85%	9.49%	-13.81%	23.52%	13.10%	28.63%	-0.27%	22.14%

Correlation

The correlation between ADGAX and AUEIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 10, 2012	0.86

Over the past year, the correlation between ADGAX and AUEIX has dropped to 0.58 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

ADGAX vs. AUEIX — Risk / Return Rank

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

ADGAX

ADGAX Risk / Return Rank: 32
ADGAX Sharpe Ratio Rank: 36
ADGAX Sortino Ratio Rank: 34
ADGAX Omega Ratio Rank: 36
ADGAX Calmar Ratio Rank: 25
ADGAX Martin Ratio Rank: 31

AUEIX

AUEIX Risk / Return Rank: 13
AUEIX Sharpe Ratio Rank: 13
AUEIX Sortino Ratio Rank: 13
AUEIX Omega Ratio Rank: 12
AUEIX Calmar Ratio Rank: 14
AUEIX Martin Ratio Rank: 16

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.

ADGAX vs. AUEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Core Opportunities Fund (ADGAX) and AQR Large Cap Defensive Style Fund (AUEIX). 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.

	ADGAX	AUEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.95	+0.75
Sortino ratio: Return per unit of downside risk	2.36	1.41	+0.95
Omega ratio: Gain probability vs. loss probability	1.31	1.17	+0.14
Calmar ratio: Return relative to maximum drawdown	1.79	1.28	+0.51
Martin ratio: Return relative to average drawdown	6.98	4.27	+2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADGAX vs. AUEIX - Sharpe Ratio Comparison

The current ADGAX Sharpe Ratio is 1.70, which is higher than the AUEIX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of ADGAX and AUEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADGAX	AUEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	0.95	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.51	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.72	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.86	-0.34

Drawdowns

ADGAX vs. AUEIX - Drawdown Comparison

The maximum ADGAX drawdown since its inception was -53.65%, which is greater than AUEIX's maximum drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for ADGAX and AUEIX.

Drawdown Indicators

	ADGAX	AUEIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.65%	-30.82%	-22.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-5.91%	-5.85%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-10.27%	-7.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.23%	-22.08%	-2.15%
Max Drawdown (10Y) Largest decline over 10 years	-31.10%	-30.82%	-0.28%
Current Drawdown Current decline from peak	-0.77%	-0.58%	-0.19%
Average Drawdown Average peak-to-trough decline	-7.80%	-3.42%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.77%	+1.23%

Volatility

ADGAX vs. AUEIX - Volatility Comparison

AB Core Opportunities Fund (ADGAX) has a higher volatility of 2.92% compared to AQR Large Cap Defensive Style Fund (AUEIX) at 2.00%. This indicates that ADGAX's price experiences larger fluctuations and is considered to be riskier than AUEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADGAX	AUEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.00%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	5.58%	+4.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	7.93%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	12.99%	+5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	15.19%	+2.50%

ADGAX vs. AUEIX - Expense Ratio Comparison

ADGAX has a 1.09% expense ratio, which is higher than AUEIX's 0.37% expense ratio.

Dividends

ADGAX vs. AUEIX - Dividend Comparison

ADGAX's dividend yield for the trailing twelve months is around 14.84%, less than AUEIX's 21.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADGAX AB Core Opportunities Fund	14.84%	15.65%	10.29%	4.69%	10.73%	15.80%	4.24%	5.63%	17.66%	11.05%	4.72%	7.20%
AUEIX AQR Large Cap Defensive Style Fund	21.33%	22.70%	24.31%	24.28%	10.26%	2.54%	1.29%	1.12%	1.67%	2.36%	1.99%	6.18%

Frequently Asked Questions

Can I hold both ADGAX and AUEIX in my portfolio?

ADGAX and AUEIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADGAX or AUEIX?

ADGAX has higher volatility (2.92%) compared to AUEIX (2.00%). In terms of maximum drawdown, ADGAX dropped -53.65% vs AUEIX's -30.82%.

Which has better risk-adjusted returns?

ADGAX currently has the higher Sharpe Ratio (1.70 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.