AIONX vs. FHLFX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and Fidelity Series International Index Fund (FHLFX).
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. FHLFX is managed by Fidelity. It was launched on Aug 17, 2018.
Performance
AIONX vs. FHLFX - Performance Comparison
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AIONX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIONX AQR International Momentum Style Fund Class N | 0.00% | 34.58% | 8.41% | 16.39% | -19.64% | 11.72% | 16.32% | 22.29% | -14.18% |
FHLFX Fidelity Series International Index Fund | 0.99% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
Returns By Period
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%
FHLFX
- 1D
- 2.97%
- 1M
- -6.32%
- YTD
- 0.99%
- 6M
- 5.00%
- 1Y
- 22.99%
- 3Y*
- 14.59%
- 5Y*
- 8.30%
- 10Y*
- —
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AIONX vs. FHLFX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than FHLFX's 0.01% expense ratio.
Return for Risk
AIONX vs. FHLFX — Risk / Return Rank
AIONX
FHLFX
AIONX vs. FHLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and Fidelity Series International Index Fund (FHLFX). 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 | FHLFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.39 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.90 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.95 | +0.04 |
Martin ratioReturn relative to average drawdown | 7.80 | 7.44 | +0.36 |
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 | FHLFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.39 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.53 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.47 | -0.05 |
Correlation
The correlation between AIONX and FHLFX is 0.95, 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. FHLFX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 14.62%, more than FHLFX's 3.43% 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% |
FHLFX Fidelity Series International Index Fund | 3.43% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
Drawdowns
AIONX vs. FHLFX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, roughly equal to the maximum FHLFX drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for AIONX and FHLFX.
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Drawdown Indicators
| AIONX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -33.58% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -11.37% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -29.36% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -8.18% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -6.18% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.97% | +0.01% |
Volatility
AIONX vs. FHLFX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 8.64% compared to Fidelity Series International Index Fund (FHLFX) at 7.63%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than FHLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 7.63% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 11.01% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 17.06% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.82% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 17.63% | -0.90% |