AQGIX vs. BDAFX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Global Equity Fund (AQGIX) and Baron Durable Advantage Fund Retail Shares (BDAFX).

AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009. BDAFX is an actively managed fund by Baron Capital Group. It was launched on Dec 29, 2017.

Performance

AQGIX vs. BDAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Global Equity Fund (AQGIX) and Baron Durable Advantage Fund Retail Shares (BDAFX). The values are adjusted to include any dividend payments, if applicable.

AQGIX vs. BDAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AQGIX AQR Global Equity Fund	-6.63%	31.64%	24.56%	22.92%	-14.14%	18.32%	9.33%	8.95%
BDAFX Baron Durable Advantage Fund Retail Shares	-12.34%	16.25%	26.87%	45.11%	-24.99%	31.79%	20.11%	27.13%

Returns By Period

In the year-to-date period, AQGIX achieves a -6.63% return, which is significantly higher than BDAFX's -12.34% return.

AQGIX

• 1D: -0.52%
• 1M: -8.87%
• YTD: -6.63%
• 6M: -3.39%
• 1Y: 17.75%
• 3Y*: 21.10%
• 5Y*: 12.19%
• 10Y*: 11.48%

BDAFX

• 1D: -0.17%
• 1M: -8.90%
• YTD: -12.34%
• 6M: -10.06%
• 1Y: 9.68%
• 3Y*: 17.40%
• 5Y*: 12.51%
• 10Y*: —

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

AQGIX vs. BDAFX - Expense Ratio Comparison

AQGIX has a 0.80% expense ratio, which is lower than BDAFX's 0.95% expense ratio.

BDAFX

Baron Durable Advantage Fund Retail Shares

AQGIX

AQR Global Equity Fund

Return for Risk

AQGIX vs. BDAFX — Risk / Return Rank

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

AQGIX

AQGIX Risk / Return Rank: 47
AQGIX Sharpe Ratio Rank: 45
AQGIX Sortino Ratio Rank: 45
AQGIX Omega Ratio Rank: 53
AQGIX Calmar Ratio Rank: 39
AQGIX Martin Ratio Rank: 52

BDAFX

BDAFX Risk / Return Rank: 18
BDAFX Sharpe Ratio Rank: 17
BDAFX Sortino Ratio Rank: 18
BDAFX Omega Ratio Rank: 18
BDAFX Calmar Ratio Rank: 17
BDAFX Martin Ratio Rank: 18

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.

AQGIX vs. BDAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and Baron Durable Advantage Fund Retail Shares (BDAFX). 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.

	AQGIX	BDAFX	Difference
Sharpe ratio Return per unit of total volatility	0.89	0.45	+0.44
Sortino ratio Return per unit of downside risk	1.32	0.79	+0.53
Omega ratio Gain probability vs. loss probability	1.21	1.11	+0.10
Calmar ratio Return relative to maximum drawdown	1.01	0.49	+0.52
Martin ratio Return relative to average drawdown	5.12	1.82	+3.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQGIX vs. BDAFX - Sharpe Ratio Comparison

The current AQGIX Sharpe Ratio is 0.89, which is higher than the BDAFX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of AQGIX and BDAFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AQGIX	BDAFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.45	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.62	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.72	-0.16

Correlation

The correlation between AQGIX and BDAFX is 0.84, 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

AQGIX vs. BDAFX - Dividend Comparison

AQGIX's dividend yield for the trailing twelve months is around 14.12%, while BDAFX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGIX AQR Global Equity Fund	14.12%	13.18%	13.59%	5.97%	4.39%	12.17%	1.16%	1.41%	4.72%	5.05%	10.34%	0.09%
BDAFX Baron Durable Advantage Fund Retail Shares	0.00%	0.00%	0.01%	0.00%	0.00%	0.33%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AQGIX vs. BDAFX - Drawdown Comparison

The maximum AQGIX drawdown since its inception was -35.47%, which is greater than BDAFX's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for AQGIX and BDAFX.

Drawdown Indicators

	AQGIX	BDAFX	Difference
Max Drawdown Largest peak-to-trough decline	-35.47%	-33.59%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	-15.27%	-14.85%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-30.44%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	-35.47%	—	—
Current Drawdown Current decline from peak	-9.88%	-14.85%	+4.97%
Average Drawdown Average peak-to-trough decline	-6.61%	-5.95%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	4.03%	-1.01%

Volatility

AQGIX vs. BDAFX - Volatility Comparison

The current volatility for AQR Global Equity Fund (AQGIX) is 5.03%, while Baron Durable Advantage Fund Retail Shares (BDAFX) has a volatility of 5.36%. This indicates that AQGIX experiences smaller price fluctuations and is considered to be less risky than BDAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQGIX	BDAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	5.36%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	11.94%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	19.83%	22.31%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	20.14%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	22.05%	-4.16%