AQGIX vs. LVAGX

Last updated Jun 26, 2026

AQGIX (AQR Global Equity Fund) and LVAGX (LSV Global Value Fund) are both Global Equities funds. Over the past 10 years, AQGIX returned 13.65%/yr vs 12.12%/yr for LVAGX. Their correlation of 0.89 suggests significant overlap in exposure. AQGIX charges 0.80%/yr vs 1.15%/yr for LVAGX.

Performance

AQGIX vs. LVAGX - Performance Comparison

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

Returns By Period

In the year-to-date period, AQGIX achieves a 9.91% return, which is significantly lower than LVAGX's 22.05% return. Over the past 10 years, AQGIX has outperformed LVAGX with an annualized return of 13.65%, while LVAGX has yielded a comparatively lower 12.12% annualized return.

AQGIX

• 1D: -0.67%
• 1M: -1.11%
• YTD: 9.91%
• 6M: 8.66%
• 1Y: 28.00%
• 3Y*: 25.75%
• 5Y*: 14.91%
• 10Y*: 13.65%

LVAGX

• 1D: 0.29%
• 1M: -0.05%
• YTD: 22.05%
• 6M: 20.84%
• 1Y: 40.93%
• 3Y*: 22.69%
• 5Y*: 12.92%
• 10Y*: 12.12%

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

AQGIX vs. LVAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQGIX AQR Global Equity Fund	9.91%	31.64%	24.56%	22.92%	-14.14%	18.32%	9.33%	22.55%	-14.50%	25.44%
LVAGX LSV Global Value Fund	22.05%	26.84%	6.86%	18.76%	-8.44%	21.07%	0.15%	21.99%	-15.70%	21.70%

Correlation

The correlation between AQGIX and LVAGX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.89

The correlation between AQGIX and LVAGX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

AQGIX vs. LVAGX — Risk / Return Rank

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

AQGIX

AQGIX Risk / Return Rank: 67
AQGIX Sharpe Ratio Rank: 66
AQGIX Sortino Ratio Rank: 63
AQGIX Omega Ratio Rank: 59
AQGIX Calmar Ratio Rank: 71
AQGIX Martin Ratio Rank: 78

LVAGX

LVAGX Risk / Return Rank: 94
LVAGX Sharpe Ratio Rank: 96
LVAGX Sortino Ratio Rank: 93
LVAGX Omega Ratio Rank: 88
LVAGX Calmar Ratio Rank: 97
LVAGX Martin Ratio Rank: 96

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. LVAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and LSV Global Value Fund (LVAGX). 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.

	AQGIX	LVAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	3.06	-1.09
Sortino ratio: Return per unit of downside risk	2.73	4.15	-1.41
Omega ratio: Gain probability vs. loss probability	1.35	1.55	-0.20
Calmar ratio: Return relative to maximum drawdown	2.81	5.76	-2.95
Martin ratio: Return relative to average drawdown	12.35	20.96	-8.60

AQGIX vs. LVAGX - Sharpe Ratio Comparison

The current AQGIX Sharpe Ratio is 1.97, which is lower than the LVAGX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of AQGIX and LVAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AQGIX vs. LVAGX - Drawdown Comparison

The maximum AQGIX drawdown since its inception was -35.47%, smaller than the maximum LVAGX drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for AQGIX and LVAGX.

Drawdown Indicators

	AQGIX	LVAGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.47%	-42.32%	+6.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-7.03%	-2.85%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-16.13%	-2.37%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-23.77%	-5.85%
Max Drawdown (10Y) Largest decline over 10 years	-35.47%	-42.32%	+6.85%
Current Drawdown Current decline from peak	-3.52%	-2.55%	-0.97%
Average Drawdown Average peak-to-trough decline	-6.53%	-6.99%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.93%	+0.32%

Volatility

AQGIX vs. LVAGX - Volatility Comparison

AQR Global Equity Fund (AQGIX) has a higher volatility of 5.92% compared to LSV Global Value Fund (LVAGX) at 5.19%. This indicates that AQGIX's price experiences larger fluctuations and is considered to be riskier than LVAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQGIX	LVAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	5.19%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	10.54%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.18%	13.29%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	15.40%	+2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	16.87%	+1.05%

AQGIX vs. LVAGX - Expense Ratio Comparison

AQGIX has a 0.80% expense ratio, which is lower than LVAGX's 1.15% expense ratio.

Dividends

AQGIX vs. LVAGX - Dividend Comparison

AQGIX's dividend yield for the trailing twelve months is around 11.99%, more than LVAGX's 5.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGIX AQR Global Equity Fund	11.99%	13.18%	13.59%	5.97%	4.39%	12.17%	1.16%	1.41%	4.72%	5.05%	10.34%	0.09%
LVAGX LSV Global Value Fund	5.23%	6.38%	2.44%	2.69%	1.52%	2.04%	1.66%	1.99%	4.71%	1.86%	2.54%	2.35%

Frequently Asked Questions

Can I hold both AQGIX and LVAGX in my portfolio?

AQGIX and LVAGX have a correlation of 0.80, 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 LVAGX?

AQGIX has higher volatility (5.92%) compared to LVAGX (5.19%). In terms of maximum drawdown, AQGIX dropped -35.47% vs LVAGX's -42.32%.

Which has better risk-adjusted returns?

LVAGX currently has the higher Sharpe Ratio (3.06 vs 1.97), 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.