ANDIX vs. PEQUX

Last updated Jun 23, 2026

ANDIX (AQR International Defensive Style Fund) and PEQUX (Putnam Focused International Equity Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.82 suggests significant overlap in exposure. ANDIX charges 0.55%/yr vs 1.07%/yr for PEQUX.

Performance

ANDIX vs. PEQUX - Performance Comparison

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

Returns By Period

ANDIX

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

PEQUX

• 1D: 1.78%
• 1M: 3.36%
• YTD: 14.47%
• 6M: 16.10%
• 1Y: 31.10%
• 3Y*: 19.16%
• 5Y*: 9.70%
• 10Y*: 10.83%

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

ANDIX vs. PEQUX - 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%
PEQUX Putnam Focused International Equity Fund	14.47%	36.14%	3.56%	19.05%	-18.17%	10.46%	10.12%	26.66%	-12.63%	28.08%

Correlation

The correlation between ANDIX and PEQUX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012	0.82

The correlation between ANDIX and PEQUX shifts across timeframes, from 0.65 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

ANDIX vs. PEQUX — Risk / Return Rank

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

ANDIX

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

PEQUX

PEQUX Risk / Return Rank: 49
PEQUX Sharpe Ratio Rank: 48
PEQUX Sortino Ratio Rank: 43
PEQUX Omega Ratio Rank: 48
PEQUX Calmar Ratio Rank: 49
PEQUX Martin Ratio Rank: 57

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. PEQUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR International Defensive Style Fund (ANDIX) and Putnam Focused International Equity Fund (PEQUX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ANDIX	PEQUX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.88	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	10.66	—

Drawdowns

Drawdown Indicators

	ANDIX	PEQUX	Difference
Max Drawdown Largest peak-to-trough decline	—	-83.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.75%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-33.92%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	ANDIX	PEQUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.07%	—

ANDIX vs. PEQUX - Expense Ratio Comparison

ANDIX has a 0.55% expense ratio, which is lower than PEQUX's 1.07% expense ratio.

Dividends

ANDIX vs. PEQUX - Dividend Comparison

ANDIX's dividend yield for the trailing twelve months is around 70.16%, more than PEQUX's 6.08% 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%
PEQUX Putnam Focused International Equity Fund	6.08%	6.96%	3.75%	1.01%	2.79%	34.47%	0.53%	0.05%	0.00%	0.35%	1.59%	0.56%

Frequently Asked Questions

Can I hold both ANDIX and PEQUX in my portfolio?

ANDIX and PEQUX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.