AIONX vs. APHIX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and Artisan International Fund Institutional Class (APHIX).
AIONX is a passively managed fund by AQR Funds that tracks the performance of the MSCI World Ex-USA Index. It was launched on Jul 9, 2009. APHIX is an actively managed fund by Artisan Partners. It was launched on Jul 1, 1997.
Performance
AIONX vs. APHIX - Performance Comparison
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AIONX vs. APHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIONX AQR International Momentum Style Fund Class N | -3.44% | 34.58% | 8.41% | 16.39% | -19.64% | 11.72% | 16.32% | 22.29% | -15.50% | 24.99% |
APHIX Artisan International Fund Institutional Class | 3.79% | 36.49% | 10.89% | 14.52% | -19.35% | 9.10% | 7.84% | 29.43% | -10.81% | 31.25% |
Returns By Period
In the year-to-date period, AIONX achieves a -3.44% return, which is significantly lower than APHIX's 3.79% return. Over the past 10 years, AIONX has underperformed APHIX with an annualized return of 8.20%, while APHIX has yielded a comparatively higher 9.34% annualized return.
AIONX
- 1D
- 0.00%
- 1M
- -11.46%
- YTD
- -3.44%
- 6M
- 0.23%
- 1Y
- 19.65%
- 3Y*
- 15.88%
- 5Y*
- 7.99%
- 10Y*
- 8.20%
APHIX
- 1D
- -0.57%
- 1M
- -8.93%
- YTD
- 3.79%
- 6M
- 5.56%
- 1Y
- 29.58%
- 3Y*
- 18.43%
- 5Y*
- 9.55%
- 10Y*
- 9.34%
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AIONX vs. APHIX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is lower than APHIX's 0.96% expense ratio.
Return for Risk
AIONX vs. APHIX — Risk / Return Rank
AIONX
APHIX
AIONX vs. APHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and Artisan International Fund Institutional Class (APHIX). 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.
| AIONX | APHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.86 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.39 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.53 | -1.02 |
Martin ratioReturn relative to average drawdown | 6.01 | 10.66 | -4.65 |
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
| AIONX | APHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.86 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.62 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.58 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.29 | +0.12 |
Correlation
The correlation between AIONX and APHIX is 0.87, 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
AIONX vs. APHIX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 15.14%, less than APHIX's 21.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIONX AQR International Momentum Style Fund Class N | 15.14% | 14.62% | 21.87% | 11.32% | 2.62% | 1.77% | 0.95% | 2.12% | 1.85% | 1.96% | 2.23% | 1.30% |
APHIX Artisan International Fund Institutional Class | 21.80% | 22.63% | 10.37% | 2.10% | 2.84% | 23.52% | 3.45% | 5.44% | 10.02% | 0.91% | 1.50% | 0.73% |
Drawdowns
AIONX vs. APHIX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum APHIX drawdown of -68.47%. Use the drawdown chart below to compare losses from any high point for AIONX and APHIX.
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Drawdown Indicators
| AIONX | APHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -68.47% | +36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -9.77% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -33.73% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -33.73% | +1.41% |
Current DrawdownCurrent decline from peak | -11.70% | -9.77% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -23.20% | +15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.59% | +0.34% |
Volatility
AIONX vs. APHIX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 7.70% compared to Artisan International Fund Institutional Class (APHIX) at 6.04%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than APHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | APHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 6.04% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 10.13% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 15.33% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.61% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 16.16% | +0.53% |