ANDIX vs. AQMIX

Last updated Jun 4, 2026

ANDIX (AQR International Defensive Style Fund) and AQMIX (AQR Managed Futures Strategy Fund) are both mutual funds - ANDIX is a Foreign Large Cap Equities fund managed by AQR Funds, while AQMIX is a Systematic Trend fund managed by AQR Funds. At a correlation of -0.03, they often move in opposite directions. ANDIX charges 0.55%/yr vs 1.25%/yr for AQMIX.

Performance

ANDIX vs. AQMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR International Defensive Style Fund (ANDIX) and AQR Managed Futures Strategy Fund (AQMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ANDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AQMIX

• 1D: 0.46%
• 1M: 1.22%
• YTD: 12.96%
• 6M: 14.94%
• 1Y: 24.94%
• 3Y*: 12.51%
• 5Y*: 12.71%
• 10Y*: 5.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANDIX vs. AQMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANDIX AQR International Defensive Style Fund	5.63%	21.41%	2.83%	12.06%	-14.26%	7.59%	8.43%	18.39%	-10.35%	22.86%
AQMIX AQR Managed Futures Strategy Fund	12.96%	14.62%	8.13%	2.08%	35.47%	-1.04%	-0.43%	1.92%	-8.88%	-0.97%

Correlation

The correlation between ANDIX and AQMIX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.14
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jul 10, 2012	-0.03

The correlation between ANDIX and AQMIX shifts across timeframes, from -0.14 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ANDIX vs. AQMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AQMIX

AQMIX Risk / Return Rank: 89
AQMIX Sharpe Ratio Rank: 89
AQMIX Sortino Ratio Rank: 84
AQMIX Omega Ratio Rank: 80
AQMIX Calmar Ratio Rank: 98
AQMIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANDIX vs. AQMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR International Defensive Style Fund (ANDIX) and AQR Managed Futures Strategy Fund (AQMIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ANDIX	AQMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Drawdowns

Drawdown Indicators

	ANDIX	AQMIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.52%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.34%	—
Current Drawdown Current decline from peak	—	-0.64%	—
Average Drawdown Average peak-to-trough decline	—	-10.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	ANDIX	AQMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.37%	—

ANDIX vs. AQMIX - Expense Ratio Comparison

ANDIX has a 0.55% expense ratio, which is lower than AQMIX's 1.25% expense ratio.

Dividends

ANDIX vs. AQMIX - Dividend Comparison

ANDIX's dividend yield for the trailing twelve months is around 70.16%, more than AQMIX's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANDIX AQR International Defensive Style Fund	70.16%	4.74%	2.29%	3.02%	2.00%	2.53%	1.73%	2.51%	2.40%	3.30%	1.47%	2.09%
AQMIX AQR Managed Futures Strategy Fund	2.00%	2.26%	3.83%	8.39%	12.76%	6.94%	5.31%	3.13%	0.00%	0.00%	0.02%	6.51%

Frequently Asked Questions

Can I hold both ANDIX and AQMIX in my portfolio?

ANDIX and AQMIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.