AIONX vs. SWRLX
Compare and contrast key facts about AQR International Momentum Style Fund Class N (AIONX) and Touchstone International Equity Fund (SWRLX).
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. SWRLX is managed by Touchstone. It was launched on Mar 1, 1993.
Performance
AIONX vs. SWRLX - Performance Comparison
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AIONX vs. SWRLX - 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% |
SWRLX Touchstone International Equity Fund | 2.74% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Returns By Period
In the year-to-date period, AIONX achieves a -3.44% return, which is significantly lower than SWRLX's 2.74% return. Over the past 10 years, AIONX has underperformed SWRLX with an annualized return of 8.20%, while SWRLX has yielded a comparatively higher 9.09% 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%
SWRLX
- 1D
- 0.00%
- 1M
- -11.11%
- YTD
- 2.74%
- 6M
- 12.29%
- 1Y
- 38.68%
- 3Y*
- 18.67%
- 5Y*
- 10.18%
- 10Y*
- 9.09%
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AIONX vs. SWRLX - Expense Ratio Comparison
AIONX has a 0.88% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Return for Risk
AIONX vs. SWRLX — Risk / Return Rank
AIONX
SWRLX
AIONX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR International Momentum Style Fund Class N (AIONX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 2.38 | -1.30 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.90 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.02 | -1.52 |
Martin ratioReturn relative to average drawdown | 6.01 | 11.84 | -5.83 |
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 | SWRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 2.38 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.59 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.54 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.38 | +0.02 |
Correlation
The correlation between AIONX and SWRLX is 0.85, 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. SWRLX - Dividend Comparison
AIONX's dividend yield for the trailing twelve months is around 15.14%, more than SWRLX's 7.43% 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% |
SWRLX Touchstone International Equity Fund | 7.43% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Drawdowns
AIONX vs. SWRLX - Drawdown Comparison
The maximum AIONX drawdown since its inception was -32.32%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for AIONX and SWRLX.
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Drawdown Indicators
| AIONX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -59.44% | +27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -11.73% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -34.19% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -32.32% | -35.95% | +3.63% |
Current DrawdownCurrent decline from peak | -11.70% | -11.49% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -11.68% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.07% | -0.14% |
Volatility
AIONX vs. SWRLX - Volatility Comparison
AQR International Momentum Style Fund Class N (AIONX) has a higher volatility of 7.70% compared to Touchstone International Equity Fund (SWRLX) at 6.90%. This indicates that AIONX's price experiences larger fluctuations and is considered to be riskier than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIONX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 6.90% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 10.71% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 15.93% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 17.21% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 16.75% | -0.06% |