AIMOX vs. QAI
Compare and contrast key facts about AQR International Momentum Style Fund (AIMOX) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
AIMOX is managed by AQR Funds. It was launched on Jul 8, 2009. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009.
Performance
AIMOX vs. QAI - Performance Comparison
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AIMOX vs. QAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIMOX AQR International Momentum Style Fund | -3.40% | 34.89% | 8.70% | 16.69% | -19.43% | 12.04% | 16.57% | 22.63% | -15.29% | 25.25% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.82% | 8.29% | 6.67% | 10.07% | -8.68% | -0.16% | 5.73% | 8.68% | -3.32% | 6.17% |
Returns By Period
In the year-to-date period, AIMOX achieves a -3.40% return, which is significantly lower than QAI's 1.82% return. Over the past 10 years, AIMOX has outperformed QAI with an annualized return of 8.47%, while QAI has yielded a comparatively lower 3.30% annualized return.
AIMOX
- 1D
- 0.00%
- 1M
- -11.46%
- YTD
- -3.40%
- 6M
- 0.38%
- 1Y
- 20.00%
- 3Y*
- 16.16%
- 5Y*
- 8.26%
- 10Y*
- 8.47%
QAI
- 1D
- 1.25%
- 1M
- -2.23%
- YTD
- 1.82%
- 6M
- 2.98%
- 1Y
- 10.61%
- 3Y*
- 8.05%
- 5Y*
- 3.40%
- 10Y*
- 3.30%
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AIMOX vs. QAI - Expense Ratio Comparison
AIMOX has a 0.57% expense ratio, which is lower than QAI's 0.79% expense ratio.
Return for Risk
AIMOX vs. QAI — Risk / Return Rank
AIMOX
QAI
AIMOX vs. QAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund (AIMOX) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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.
| AIMOX | QAI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.41 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.99 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.93 | -0.39 |
Martin ratioReturn relative to average drawdown | 6.13 | 8.93 | -2.80 |
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
| AIMOX | QAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.41 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.53 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.54 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.51 | -0.15 |
Correlation
The correlation between AIMOX and QAI is 0.74, 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
AIMOX vs. QAI - Dividend Comparison
AIMOX's dividend yield for the trailing twelve months is around 15.74%, more than QAI's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIMOX AQR International Momentum Style Fund | 15.74% | 15.20% | 22.64% | 13.66% | 2.77% | 2.22% | 1.12% | 2.34% | 2.17% | 2.19% | 2.52% | 1.62% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.48% | 1.50% | 2.22% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% |
Drawdowns
AIMOX vs. QAI - Drawdown Comparison
The maximum AIMOX drawdown since its inception was -32.23%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for AIMOX and QAI.
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Drawdown Indicators
| AIMOX | QAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -14.95% | -17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -5.43% | -6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.23% | -14.32% | -17.91% |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | -14.95% | -17.28% |
Current DrawdownCurrent decline from peak | -11.66% | -2.51% | -9.15% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -2.60% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.17% | +1.76% |
Volatility
AIMOX vs. QAI - Volatility Comparison
AQR International Momentum Style Fund (AIMOX) has a higher volatility of 7.64% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 2.83%. This indicates that AIMOX's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIMOX | QAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 2.83% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 4.95% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 7.55% | +10.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 6.51% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 6.12% | +10.65% |