AIONX vs. AQRIX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and AQR Multi-Asset Fund (AQRIX).
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. AQRIX is managed by AQR Funds. It was launched on Sep 29, 2010.
Performance
AIONX vs. AQRIX - Performance Comparison
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AIONX vs. AQRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIONX AQR International Momentum Style Fund Class N | 0.00% | 34.58% | 8.41% | 16.39% | -19.64% | 11.72% | 16.32% | 22.29% | -15.50% | 24.99% |
AQRIX AQR Multi-Asset Fund | 2.01% | 18.71% | 10.45% | 11.59% | -10.54% | 14.35% | 2.68% | 21.03% | -6.95% | 16.34% |
Returns By Period
Over the past 10 years, AIONX has outperformed AQRIX with an annualized return of 8.58%, while AQRIX has yielded a comparatively lower 8.00% annualized return.
AIONX
- 1D
- 3.56%
- 1M
- -6.89%
- YTD
- 0.00%
- 6M
- 3.63%
- 1Y
- 23.28%
- 3Y*
- 17.24%
- 5Y*
- 8.40%
- 10Y*
- 8.58%
AQRIX
- 1D
- 1.75%
- 1M
- -4.47%
- YTD
- 2.01%
- 6M
- 4.67%
- 1Y
- 14.84%
- 3Y*
- 12.69%
- 5Y*
- 8.26%
- 10Y*
- 8.00%
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AIONX vs. AQRIX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than AQRIX's 0.80% expense ratio.
Return for Risk
AIONX vs. AQRIX — Risk / Return Rank
AIONX
AQRIX
AIONX vs. AQRIX - 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 Multi-Asset Fund (AQRIX). 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 | AQRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.31 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.77 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.71 | +0.28 |
Martin ratioReturn relative to average drawdown | 7.80 | 7.30 | +0.51 |
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 | AQRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.31 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.78 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.82 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.75 | -0.33 |
Correlation
The correlation between AIONX and AQRIX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AIONX vs. AQRIX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 14.62%, more than AQRIX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIONX AQR International Momentum Style Fund Class N | 14.62% | 14.62% | 21.87% | 11.32% | 2.62% | 1.77% | 0.95% | 2.12% | 1.85% | 1.96% | 2.23% | 1.30% |
AQRIX AQR Multi-Asset Fund | 3.78% | 3.85% | 1.72% | 2.40% | 6.82% | 6.39% | 1.09% | 6.65% | 7.36% | 10.49% | 7.08% | 2.51% |
Drawdowns
AIONX vs. AQRIX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, which is greater than AQRIX's maximum drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for AIONX and AQRIX.
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Drawdown Indicators
| AIONX | AQRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -19.37% | -12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -9.52% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -19.37% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -19.37% | -12.95% |
Current DrawdownCurrent decline from peak | -8.56% | -5.14% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -4.86% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.24% | +0.74% |
Volatility
AIONX vs. AQRIX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 8.64% compared to AQR Multi-Asset Fund (AQRIX) at 4.72%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than AQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | AQRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 4.72% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 7.83% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 12.04% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 10.64% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 9.76% | +6.97% |