AIMOX vs. ANDIX

Last updated Jun 4, 2026

AIMOX (AQR International Momentum Style Fund) and ANDIX (AQR International Defensive Style Fund) are both Foreign Large Cap Equities funds from AQR Funds. Their correlation of 0.91 suggests significant overlap in exposure. AIMOX charges 0.57%/yr vs 0.55%/yr for ANDIX.

Performance

AIMOX vs. ANDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR International Momentum Style Fund (AIMOX) and AQR International Defensive Style Fund (ANDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIMOX

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

ANDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
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*Multi-year figures are annualized to reflect compound growth (CAGR)

AIMOX vs. ANDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIMOX AQR International Momentum Style Fund	6.10%	34.89%	8.70%	16.69%	-19.43%	12.04%	16.57%	22.63%	-15.29%	25.25%
ANDIX AQR International Defensive Style Fund	5.63%	21.41%	2.83%	12.06%	-14.26%	7.59%	8.43%	18.39%	-10.35%	22.86%

Correlation

The correlation between AIMOX and ANDIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 10, 2012	0.91

The correlation between AIMOX and ANDIX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

AIMOX vs. ANDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund (AIMOX) and AQR International Defensive Style Fund (ANDIX). 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.

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

Drawdowns

Volatility

AIMOX vs. ANDIX - Expense Ratio Comparison

AIMOX has a 0.57% expense ratio, which is higher than ANDIX's 0.55% expense ratio.

Dividends

AIMOX vs. ANDIX - Dividend Comparison

AIMOX's dividend yield for the trailing twelve months is around 20.85%, less than ANDIX's 70.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIMOX AQR International Momentum Style Fund	20.85%	15.20%	22.64%	13.66%	2.77%	2.22%	1.12%	2.34%	2.17%	2.19%	2.52%	1.62%
ANDIX AQR International Defensive Style Fund	70.16%	4.74%	2.29%	3.02%	2.00%	2.53%	1.73%	2.51%	2.40%	3.30%	1.47%	2.09%

Frequently Asked Questions

Can I hold both AIMOX and ANDIX in my portfolio?

AIMOX and ANDIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.