Correlation
The correlation between AQGIX and QAI is 0.72, 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.
AQGIX vs. QAI
Compare and contrast key facts about AQR Global Equity Fund (AQGIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQGIX or QAI.
Performance
AQGIX vs. QAI - Performance Comparison
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Key characteristics
AQGIX:
0.34
QAI:
0.72
AQGIX:
0.53
QAI:
1.01
AQGIX:
1.09
QAI:
1.14
AQGIX:
0.32
QAI:
0.67
AQGIX:
0.99
QAI:
2.76
AQGIX:
7.10%
QAI:
1.88%
AQGIX:
23.62%
QAI:
7.45%
AQGIX:
-53.55%
QAI:
-14.95%
AQGIX:
-3.96%
QAI:
-1.36%
Returns By Period
In the year-to-date period, AQGIX achieves a 10.66% return, which is significantly higher than QAI's 1.34% return. Over the past 10 years, AQGIX has outperformed QAI with an annualized return of 4.88%, while QAI has yielded a comparatively lower 2.09% annualized return.
AQGIX
10.66%
6.70%
-1.98%
7.02%
10.02%
10.43%
4.88%
QAI
1.34%
1.86%
-0.25%
5.19%
5.18%
3.37%
2.09%
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AQGIX vs. QAI - Expense Ratio Comparison
AQGIX has a 0.80% expense ratio, which is higher than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
AQGIX vs. QAI — Risk-Adjusted Performance Rank
AQGIX
QAI
AQGIX vs. QAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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.
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Dividends
AQGIX vs. QAI - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 12.28%, more than QAI's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 12.28% | 13.59% | 5.97% | 4.38% | 12.17% | 1.17% | 1.41% | 4.72% | 5.04% | 10.35% | 6.91% | 12.45% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.20% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
Drawdowns
AQGIX vs. QAI - Drawdown Comparison
The maximum AQGIX drawdown since its inception was -53.55%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for AQGIX and QAI.
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Volatility
AQGIX vs. QAI - Volatility Comparison
AQR Global Equity Fund (AQGIX) has a higher volatility of 3.78% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.68%. This indicates that AQGIX's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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