AIONX vs. PPYPX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and PIMCO RAE International Fund (PPYPX).
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. PPYPX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
AIONX vs. PPYPX - Performance Comparison
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AIONX vs. PPYPX - 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% |
PPYPX PIMCO RAE International Fund | 8.42% | 31.34% | -1.15% | 18.13% | -8.73% | 10.68% | 2.05% | 16.43% | -15.49% | 24.89% |
Returns By Period
In the year-to-date period, AIONX achieves a -3.44% return, which is significantly lower than PPYPX's 8.42% return. Over the past 10 years, AIONX has underperformed PPYPX with an annualized return of 8.20%, while PPYPX has yielded a comparatively higher 8.80% 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%
PPYPX
- 1D
- 0.63%
- 1M
- -6.12%
- YTD
- 8.42%
- 6M
- 13.11%
- 1Y
- 31.25%
- 3Y*
- 15.99%
- 5Y*
- 8.93%
- 10Y*
- 8.80%
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AIONX vs. PPYPX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is higher than PPYPX's 0.60% expense ratio.
Return for Risk
AIONX vs. PPYPX — Risk / Return Rank
AIONX
PPYPX
AIONX vs. PPYPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and PIMCO RAE International Fund (PPYPX). 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 | PPYPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.96 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.52 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.46 | -0.95 |
Martin ratioReturn relative to average drawdown | 6.01 | 11.58 | -5.57 |
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 | PPYPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.96 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.46 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.46 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.04 |
Correlation
The correlation between AIONX and PPYPX is 0.87, 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. PPYPX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 15.14%, more than PPYPX's 7.17% 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% |
PPYPX PIMCO RAE International Fund | 7.17% | 7.78% | 6.57% | 10.09% | 7.20% | 27.06% | 2.23% | 4.20% | 5.96% | 2.53% | 2.41% | 0.00% |
Drawdowns
AIONX vs. PPYPX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum PPYPX drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for AIONX and PPYPX.
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Drawdown Indicators
| AIONX | PPYPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -42.48% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -10.21% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -35.65% | +3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -42.48% | +10.16% |
Current DrawdownCurrent decline from peak | -11.70% | -6.12% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -10.28% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.47% | +0.46% |
Volatility
AIONX vs. PPYPX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 7.70% compared to PIMCO RAE International Fund (PPYPX) at 4.98%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than PPYPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | PPYPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 4.98% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 9.98% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 15.30% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 19.59% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 19.07% | -2.38% |