AIONX vs. AQGIX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and AQR Global Equity Fund (AQGIX).
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. AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009.
Performance
AIONX vs. AQGIX - Performance Comparison
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AIONX vs. AQGIX - 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% |
AQGIX AQR Global Equity Fund | -3.52% | 31.64% | 24.56% | 22.92% | -14.14% | 18.32% | 9.33% | 22.55% | -14.50% | 25.44% |
Returns By Period
The year-to-date returns for both stocks are quite close, with AIONX having a -3.44% return and AQGIX slightly lower at -3.52%. Over the past 10 years, AIONX has underperformed AQGIX with an annualized return of 8.20%, while AQGIX has yielded a comparatively higher 11.85% 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%
AQGIX
- 1D
- 3.33%
- 1M
- -5.38%
- YTD
- -3.52%
- 6M
- -0.46%
- 1Y
- 20.90%
- 3Y*
- 22.43%
- 5Y*
- 12.68%
- 10Y*
- 11.85%
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AIONX vs. AQGIX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than AQGIX's 0.80% expense ratio.
Return for Risk
AIONX vs. AQGIX — Risk / Return Rank
AIONX
AQGIX
AIONX vs. AQGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and AQR Global Equity Fund (AQGIX). 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 | AQGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.09 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.57 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.40 | +0.10 |
Martin ratioReturn relative to average drawdown | 6.01 | 7.04 | -1.04 |
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 | AQGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.09 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.70 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.66 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.57 | -0.17 |
Correlation
The correlation between AIONX and AQGIX is 0.89, 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. AQGIX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 15.14%, more than AQGIX's 13.66% 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% |
AQGIX AQR Global Equity Fund | 13.66% | 13.18% | 13.59% | 5.97% | 4.39% | 12.17% | 1.16% | 1.41% | 4.72% | 5.05% | 10.34% | 0.09% |
Drawdowns
AIONX vs. AQGIX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum AQGIX drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for AIONX and AQGIX.
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Drawdown Indicators
| AIONX | AQGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -35.47% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -15.27% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -29.62% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -35.47% | +3.15% |
Current DrawdownCurrent decline from peak | -11.70% | -6.88% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -6.61% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.05% | -0.12% |
Volatility
AIONX vs. AQGIX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 7.70% compared to AQR Global Equity Fund (AQGIX) at 6.26%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than AQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | AQGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 6.26% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 10.45% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 20.06% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 18.18% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 17.92% | -1.23% |