AIMOX vs. URTH

Last updated Jun 3, 2026

AIMOX (AQR International Momentum Style Fund) and URTH (iShares MSCI World ETF) are both funds - AIMOX is a Foreign Large Cap Equities fund managed by AQR Funds, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Over the past 10 years, AIMOX returned 9.29%/yr vs 13.28%/yr for URTH. A 0.78 correlation means they provide meaningful diversification when combined. AIMOX charges 0.57%/yr vs 0.24%/yr for URTH.

Performance

AIMOX vs. URTH - Performance Comparison

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

Returns By Period

In the year-to-date period, AIMOX achieves a 6.10% return, which is significantly lower than URTH's 10.99% return. Over the past 10 years, AIMOX has underperformed URTH with an annualized return of 9.29%, while URTH has yielded a comparatively higher 13.28% annualized return.

AIMOX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 6.10%
• 6M: 9.30%
• 1Y: 17.17%
• 3Y*: 18.84%
• 5Y*: 9.30%
• 10Y*: 9.29%

URTH

• 1D: 0.40%
• 1M: 4.79%
• YTD: 10.99%
• 6M: 12.18%
• 1Y: 27.36%
• 3Y*: 21.11%
• 5Y*: 12.23%
• 10Y*: 13.28%

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

AIMOX vs. URTH - 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%
URTH iShares MSCI World ETF	10.99%	21.36%	18.66%	23.95%	-17.97%	22.27%	15.78%	28.15%	-8.56%	22.95%

Correlation

The correlation between AIMOX and URTH is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 13, 2012	0.78

The correlation between AIMOX and URTH has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

AIMOX vs. URTH — Risk / Return Rank

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

AIMOX

AIMOX Risk / Return Rank: 31
AIMOX Sharpe Ratio Rank: 27
AIMOX Sortino Ratio Rank: 27
AIMOX Omega Ratio Rank: 28
AIMOX Calmar Ratio Rank: 33
AIMOX Martin Ratio Rank: 41

URTH

URTH Risk / Return Rank: 68
URTH Sharpe Ratio Rank: 69
URTH Sortino Ratio Rank: 68
URTH Omega Ratio Rank: 67
URTH Calmar Ratio Rank: 62
URTH Martin Ratio Rank: 74

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.

AIMOX vs. URTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund (AIMOX) and iShares MSCI World ETF (URTH). 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	URTH	Difference
Sharpe ratio Return per unit of total volatility	1.53	2.29	-0.75
Sortino ratio Return per unit of downside risk	2.20	3.16	-0.95
Omega ratio Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio Return relative to maximum drawdown	2.21	3.12	-0.91
Martin ratio Return relative to average drawdown	8.88	14.18	-5.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIMOX vs. URTH - Sharpe Ratio Comparison

The current AIMOX Sharpe Ratio is 1.53, which is lower than the URTH Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of AIMOX and URTH, 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

	AIMOX	URTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.29	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.76	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.77	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.73	-0.34

Drawdowns

AIMOX vs. URTH - Drawdown Comparison

The maximum AIMOX drawdown since its inception was -32.23%, smaller than the maximum URTH drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for AIMOX and URTH.

Drawdown Indicators

	AIMOX	URTH	Difference
Max Drawdown Largest peak-to-trough decline	-32.23%	-34.01%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-9.06%	-2.60%
Max Drawdown (3Y) Largest decline over 3 years	-12.71%	-16.94%	+4.23%
Max Drawdown (5Y) Largest decline over 5 years	-32.23%	-26.05%	-6.18%
Max Drawdown (10Y) Largest decline over 10 years	-32.23%	-34.01%	+1.78%
Current Drawdown Current decline from peak	-2.98%	0.00%	-2.98%
Average Drawdown Average peak-to-trough decline	-8.25%	-4.37%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.99%	+0.91%

Volatility

AIMOX vs. URTH - Volatility Comparison

AQR International Momentum Style Fund (AIMOX) has a higher volatility of 6.18% compared to iShares MSCI World ETF (URTH) at 3.24%. This indicates that AIMOX's price experiences larger fluctuations and is considered to be riskier than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIMOX	URTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	3.24%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	13.55%	9.40%	+4.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	12.03%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	16.18%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	17.27%	-0.38%

AIMOX vs. URTH - Expense Ratio Comparison

AIMOX has a 0.57% expense ratio, which is higher than URTH's 0.24% expense ratio.

Dividends

AIMOX vs. URTH - Dividend Comparison

AIMOX's dividend yield for the trailing twelve months is around 20.85%, more than URTH's 1.34% 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%
URTH iShares MSCI World ETF	1.34%	1.48%	1.47%	1.70%	1.68%	1.50%	1.52%	2.16%	2.30%	1.88%	2.15%	2.35%

Frequently Asked Questions

Can I hold both AIMOX and URTH in my portfolio?

AIMOX and URTH have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIMOX or URTH?

AIMOX has higher volatility (6.18%) compared to URTH (3.24%). In terms of maximum drawdown, AIMOX dropped -32.23% vs URTH's -34.01%.

Which has better risk-adjusted returns?

URTH currently has the higher Sharpe Ratio (2.29 vs 1.53), 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.