AIONX vs. QSPIX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and AQR Style Premia Alternative Fund (QSPIX).
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. QSPIX is managed by AQR Funds. It was launched on Oct 29, 2013.
Performance
AIONX vs. QSPIX - Performance Comparison
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AIONX vs. QSPIX - 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% |
QSPIX AQR Style Premia Alternative Fund | 9.83% | 14.82% | 21.48% | 12.46% | 30.76% | 24.93% | -21.96% | -8.22% | -12.35% | 12.12% |
Returns By Period
Over the past 10 years, AIONX has outperformed QSPIX with an annualized return of 8.58%, while QSPIX has yielded a comparatively lower 7.03% 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%
QSPIX
- 1D
- -0.11%
- 1M
- 3.04%
- YTD
- 9.83%
- 6M
- 13.08%
- 1Y
- 12.95%
- 3Y*
- 19.88%
- 5Y*
- 18.87%
- 10Y*
- 7.03%
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AIONX vs. QSPIX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is lower than QSPIX's 1.49% expense ratio.
Return for Risk
AIONX vs. QSPIX — Risk / Return Rank
AIONX
QSPIX
AIONX vs. QSPIX - 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 Style Premia Alternative Fund (QSPIX). 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 | QSPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.38 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.89 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.74 | +0.25 |
Martin ratioReturn relative to average drawdown | 7.80 | 5.25 | +2.56 |
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 | QSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.38 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.19 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.55 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.61 | -0.19 |
Correlation
The correlation between AIONX and QSPIX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AIONX vs. QSPIX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 14.62%, more than QSPIX's 2.34% 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% |
QSPIX AQR Style Premia Alternative Fund | 2.34% | 2.57% | 6.95% | 23.77% | 22.68% | 12.78% | 0.00% | 1.62% | 0.96% | 7.08% | 1.74% | 5.83% |
Drawdowns
AIONX vs. QSPIX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum QSPIX drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for AIONX and QSPIX.
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Drawdown Indicators
| AIONX | QSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -41.37% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -7.79% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -17.13% | -15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -41.37% | +9.05% |
Current DrawdownCurrent decline from peak | -8.56% | -0.31% | -8.25% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -9.54% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.70% | +0.28% |
Volatility
AIONX vs. QSPIX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 8.64% compared to AQR Style Premia Alternative Fund (QSPIX) at 2.57%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than QSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | QSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 2.57% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 6.59% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 10.11% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.95% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 12.76% | +3.97% |