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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIMOX or QAI.
Correlation
The correlation between AIMOX and QAI is 0.73, 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.
Performance
AIMOX vs. QAI - Performance Comparison
Key characteristics
AIMOX:
-0.18
QAI:
1.70
AIMOX:
-0.08
QAI:
2.41
AIMOX:
0.99
QAI:
1.31
AIMOX:
-0.17
QAI:
2.49
AIMOX:
-0.48
QAI:
10.13
AIMOX:
8.10%
QAI:
0.85%
AIMOX:
21.73%
QAI:
5.07%
AIMOX:
-32.23%
QAI:
-14.95%
AIMOX:
-15.84%
QAI:
-0.16%
Returns By Period
In the year-to-date period, AIMOX achieves a 7.31% return, which is significantly higher than QAI's 1.94% return. Over the past 10 years, AIMOX has outperformed QAI with an annualized return of 3.33%, while QAI has yielded a comparatively lower 2.19% annualized return.
AIMOX
7.31%
7.85%
-9.76%
-4.40%
2.08%
3.33%
QAI
1.94%
1.97%
5.45%
8.35%
2.80%
2.19%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AIMOX vs. QAI - Expense Ratio Comparison
AIMOX has a 0.57% expense ratio, which is lower than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
AIMOX vs. QAI — Risk-Adjusted Performance Rank
AIMOX
QAI
AIMOX vs. QAI - Risk-Adjusted Performance 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.
Dividends
AIMOX vs. QAI - Dividend Comparison
AIMOX's dividend yield for the trailing twelve months is around 3.70%, more than QAI's 2.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIMOX AQR International Momentum Style Fund | 3.70% | 3.97% | 6.70% | 2.77% | 2.22% | 1.12% | 2.34% | 2.17% | 2.18% | 2.52% | 1.62% | 2.26% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.18% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
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. For additional features, visit the drawdowns tool.
Volatility
AIMOX vs. QAI - Volatility Comparison
AQR International Momentum Style Fund (AIMOX) has a higher volatility of 3.47% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.17%. 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.