AIONX vs. IVFIX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX).
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. IVFIX is managed by Federated. It was launched on Jun 3, 2008.
Performance
AIONX vs. IVFIX - Performance Comparison
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AIONX vs. IVFIX - 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% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 6.75% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Returns By Period
Over the past 10 years, AIONX has outperformed IVFIX with an annualized return of 8.58%, while IVFIX has yielded a comparatively lower 7.22% 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%
IVFIX
- 1D
- 1.46%
- 1M
- -4.48%
- YTD
- 6.75%
- 6M
- 11.60%
- 1Y
- 24.65%
- 3Y*
- 14.44%
- 5Y*
- 10.48%
- 10Y*
- 7.22%
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AIONX vs. IVFIX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than IVFIX's 0.86% expense ratio.
Return for Risk
AIONX vs. IVFIX — Risk / Return Rank
AIONX
IVFIX
AIONX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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 | IVFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 2.12 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.75 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 4.40 | -2.41 |
Martin ratioReturn relative to average drawdown | 7.80 | 18.54 | -10.73 |
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 | IVFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.12 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.84 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.50 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.22 | +0.21 |
Correlation
The correlation between AIONX and IVFIX is 0.76, 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. IVFIX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 14.62%, more than IVFIX's 3.09% 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% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.09% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
Drawdowns
AIONX vs. IVFIX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for AIONX and IVFIX.
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Drawdown Indicators
| AIONX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -51.49% | +19.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -8.47% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -21.29% | -11.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -33.46% | +1.14% |
Current DrawdownCurrent decline from peak | -8.56% | -5.22% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -11.69% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.01% | +0.97% |
Volatility
AIONX vs. IVFIX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 8.64% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 4.59%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 4.59% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 8.19% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 14.67% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 12.97% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 14.74% | +1.99% |