Correlation
The correlation between AIMOX and QAI is 0.71, 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.
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.
Performance
AIMOX vs. QAI - Performance Comparison
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Key characteristics
AIMOX:
1.04
QAI:
0.75
AIMOX:
1.39
QAI:
1.08
AIMOX:
1.20
QAI:
1.16
AIMOX:
1.41
QAI:
0.71
AIMOX:
4.65
QAI:
2.93
AIMOX:
3.85%
QAI:
1.88%
AIMOX:
18.40%
QAI:
7.42%
AIMOX:
-32.23%
QAI:
-14.95%
AIMOX:
-1.80%
QAI:
-0.93%
Returns By Period
In the year-to-date period, AIMOX achieves a 20.30% return, which is significantly higher than QAI's 1.78% return. Over the past 10 years, AIMOX has outperformed QAI with an annualized return of 6.61%, while QAI has yielded a comparatively lower 2.17% annualized return.
AIMOX
20.30%
2.36%
17.14%
19.02%
17.47%
10.74%
6.61%
QAI
1.78%
-0.09%
0.71%
5.52%
6.74%
3.15%
2.17%
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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.
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.
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Dividends
AIMOX vs. QAI - Dividend Comparison
AIMOX's dividend yield for the trailing twelve months is around 18.82%, more than QAI's 2.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIMOX AQR International Momentum Style Fund | 18.82% | 22.64% | 13.66% | 2.77% | 2.22% | 1.12% | 2.34% | 2.17% | 2.18% | 2.52% | 1.62% | 3.47% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.19% | 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.
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Volatility
AIMOX vs. QAI - Volatility Comparison
AQR International Momentum Style Fund (AIMOX) has a higher volatility of 3.35% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.37%. 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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