AIONX vs. FSKLX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and Fidelity SAI International Low Volatility Index Fund (FSKLX).
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. FSKLX is managed by Fidelity. It was launched on May 29, 2015.
Performance
AIONX vs. FSKLX - Performance Comparison
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AIONX vs. FSKLX - 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% |
FSKLX Fidelity SAI International Low Volatility Index Fund | 4.89% | 21.95% | 1.20% | 13.84% | -13.48% | 9.91% | -1.57% | 16.12% | -4.88% | 21.40% |
Returns By Period
In the year-to-date period, AIONX achieves a -3.44% return, which is significantly lower than FSKLX's 4.89% return. Over the past 10 years, AIONX has outperformed FSKLX with an annualized return of 8.20%, while FSKLX has yielded a comparatively lower 6.20% 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%
FSKLX
- 1D
- 1.50%
- 1M
- -4.32%
- YTD
- 4.89%
- 6M
- 7.57%
- 1Y
- 18.31%
- 3Y*
- 11.82%
- 5Y*
- 6.59%
- 10Y*
- 6.20%
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AIONX vs. FSKLX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than FSKLX's 0.17% expense ratio.
Return for Risk
AIONX vs. FSKLX — Risk / Return Rank
AIONX
FSKLX
AIONX vs. FSKLX - 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 SAI International Low Volatility Index Fund (FSKLX). 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 | FSKLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.53 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.09 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.09 | -0.58 |
Martin ratioReturn relative to average drawdown | 6.01 | 7.33 | -1.32 |
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 | FSKLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.53 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.58 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.52 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.06 |
Correlation
The correlation between AIONX and FSKLX is 0.84, 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. FSKLX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 15.14%, more than FSKLX's 2.47% 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% |
FSKLX Fidelity SAI International Low Volatility Index Fund | 2.47% | 2.59% | 2.09% | 2.31% | 2.01% | 2.42% | 1.32% | 6.06% | 2.64% | 1.69% | 2.85% | 1.10% |
Drawdowns
AIONX vs. FSKLX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, which is greater than FSKLX's maximum drawdown of -27.26%. Use the drawdown chart below to compare losses from any high point for AIONX and FSKLX.
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Drawdown Indicators
| AIONX | FSKLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -27.26% | -5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -8.64% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -24.99% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -27.26% | -5.06% |
Current DrawdownCurrent decline from peak | -11.70% | -5.92% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -5.14% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.46% | +0.47% |
Volatility
AIONX vs. FSKLX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 7.70% compared to Fidelity SAI International Low Volatility Index Fund (FSKLX) at 4.55%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than FSKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | FSKLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 4.55% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 7.50% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 12.34% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 11.45% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 11.90% | +4.79% |