AQGIX vs. GFSIX

Last updated Jun 5, 2026

AQGIX (AQR Global Equity Fund) and GFSIX (Gabelli Global Financial Services Fund) are both mutual funds - AQGIX is a Global Equities fund managed by AQR Funds, while GFSIX is a Financials Equities fund managed by BlackRock. Over the past 5 years, AQGIX returned 15.31%/yr vs 15.51%/yr for GFSIX. A 0.72 correlation means they provide meaningful diversification when combined. AQGIX charges 0.80%/yr vs 1.00%/yr for GFSIX.

Performance

AQGIX vs. GFSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Global Equity Fund (AQGIX) and Gabelli Global Financial Services Fund (GFSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AQGIX achieves a 12.94% return, which is significantly higher than GFSIX's 3.88% return.

AQGIX

• 1D: -0.86%
• 1M: 5.43%
• YTD: 12.94%
• 6M: 14.39%
• 1Y: 32.98%
• 3Y*: 28.11%
• 5Y*: 15.31%
• 10Y*: 13.41%

GFSIX

• 1D: -1.22%
• 1M: 0.60%
• YTD: 3.88%
• 6M: 7.70%
• 1Y: 28.45%
• 3Y*: 28.13%
• 5Y*: 15.51%
• 10Y*: —

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

AQGIX vs. GFSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AQGIX AQR Global Equity Fund	12.94%	31.64%	24.56%	22.92%	-14.14%	18.32%	9.33%	22.55%	-16.28%
GFSIX Gabelli Global Financial Services Fund	3.88%	36.58%	28.17%	25.77%	-11.12%	29.11%	-1.28%	9.12%	0.39%

Correlation

The correlation between AQGIX and GFSIX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018	0.73

The correlation between AQGIX and GFSIX shifts across timeframes, from 0.66 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AQGIX vs. GFSIX — Risk / Return Rank

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

AQGIX

AQGIX Risk / Return Rank: 72
AQGIX Sharpe Ratio Rank: 72
AQGIX Sortino Ratio Rank: 68
AQGIX Omega Ratio Rank: 62
AQGIX Calmar Ratio Rank: 74
AQGIX Martin Ratio Rank: 83

GFSIX

GFSIX Risk / Return Rank: 56
GFSIX Sharpe Ratio Rank: 57
GFSIX Sortino Ratio Rank: 62
GFSIX Omega Ratio Rank: 51
GFSIX Calmar Ratio Rank: 62
GFSIX Martin Ratio Rank: 48

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. GFSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and Gabelli Global Financial Services Fund (GFSIX). 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	GFSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.22	+0.25
Sortino ratio: Return per unit of downside risk	3.46	3.30	+0.16
Omega ratio: Gain probability vs. loss probability	1.44	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.34	3.01	+0.33
Martin ratio: Return relative to average drawdown	15.34	9.80	+5.53
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. GFSIX - Sharpe Ratio Comparison

The current AQGIX Sharpe Ratio is 2.48, which is comparable to the GFSIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of AQGIX and GFSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AQGIX	GFSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.22	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.90	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.67	-0.05

Drawdowns

AQGIX vs. GFSIX - Drawdown Comparison

The maximum AQGIX drawdown since its inception was -35.47%, smaller than the maximum GFSIX drawdown of -46.39%. Use the drawdown chart below to compare losses from any high point for AQGIX and GFSIX.

Drawdown Indicators

	AQGIX	GFSIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.47%	-46.39%	+10.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-9.42%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-14.49%	-4.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-28.07%	-1.55%
Max Drawdown (10Y) Largest decline over 10 years	-35.47%	—	—
Current Drawdown Current decline from peak	-0.86%	-2.18%	+1.32%
Average Drawdown Average peak-to-trough decline	-6.55%	-7.60%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.88%	-0.73%

Volatility

AQGIX vs. GFSIX - Volatility Comparison

AQR Global Equity Fund (AQGIX) and Gabelli Global Financial Services Fund (GFSIX) have volatilities of 3.46% and 3.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQGIX	GFSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	3.53%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	9.52%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	12.75%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	17.42%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	21.78%	-3.82%

AQGIX vs. GFSIX - Expense Ratio Comparison

AQGIX has a 0.80% expense ratio, which is lower than GFSIX's 1.00% expense ratio.

Dividends

AQGIX vs. GFSIX - Dividend Comparison

AQGIX's dividend yield for the trailing twelve months is around 11.67%, more than GFSIX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGIX AQR Global Equity Fund	11.67%	13.18%	13.59%	5.97%	4.39%	12.17%	1.16%	1.41%	4.72%	5.05%	10.34%	0.09%
GFSIX Gabelli Global Financial Services Fund	1.78%	1.85%	2.44%	2.68%	2.96%	2.11%	1.58%	2.69%	0.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AQGIX and GFSIX in my portfolio?

AQGIX and GFSIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AQGIX or GFSIX?

GFSIX has higher volatility (3.53%) compared to AQGIX (3.46%). In terms of maximum drawdown, AQGIX dropped -35.47% vs GFSIX's -46.39%.

Which has better risk-adjusted returns?

AQGIX currently has the higher Sharpe Ratio (2.48 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.