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.
Performance
AQGIX vs. QAI - Performance Comparison
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AQGIX vs. QAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | -3.52% | 31.64% | 24.56% | 22.92% | -14.14% | 18.32% | 9.33% | 22.55% | -14.50% | 25.44% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.21% | 8.29% | 6.67% | 10.07% | -8.68% | -0.16% | 5.73% | 8.68% | -3.32% | 6.17% |
Returns By Period
In the year-to-date period, AQGIX achieves a -3.52% return, which is significantly lower than QAI's 2.21% return. Over the past 10 years, AQGIX has outperformed QAI with an annualized return of 11.85%, while QAI has yielded a comparatively lower 3.34% annualized return.
AQGIX
- 1D
- 3.33%
- 1M
- -5.38%
- YTD
- -3.52%
- 6M
- -0.46%
- 1Y
- 20.90%
- 3Y*
- 22.43%
- 5Y*
- 12.68%
- 10Y*
- 11.85%
QAI
- 1D
- 0.38%
- 1M
- -1.58%
- YTD
- 2.21%
- 6M
- 3.27%
- 1Y
- 10.68%
- 3Y*
- 8.18%
- 5Y*
- 3.48%
- 10Y*
- 3.34%
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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.
Return for Risk
AQGIX vs. QAI — Risk / Return Rank
AQGIX
QAI
AQGIX vs. QAI - Risk-Adjusted Trends 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.
| AQGIX | QAI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.42 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.00 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.03 | -0.63 |
Martin ratioReturn relative to average drawdown | 7.04 | 9.34 | -2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AQGIX | QAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.42 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.54 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.55 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.52 | +0.06 |
Correlation
The correlation between AQGIX and QAI is 0.75, 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. QAI - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 13.66%, more than QAI's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 13.66% | 13.18% | 13.59% | 5.97% | 4.39% | 12.17% | 1.16% | 1.41% | 4.72% | 5.05% | 10.34% | 0.09% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.47% | 1.50% | 2.22% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% |
Drawdowns
AQGIX vs. QAI - Drawdown Comparison
The maximum AQGIX drawdown since its inception was -35.47%, 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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Drawdown Indicators
| AQGIX | QAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -14.95% | -20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -5.43% | -9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -14.32% | -15.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.47% | -14.95% | -20.52% |
Current DrawdownCurrent decline from peak | -6.88% | -2.14% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -2.60% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.18% | +1.87% |
Volatility
AQGIX vs. QAI - Volatility Comparison
AQR Global Equity Fund (AQGIX) has a higher volatility of 6.26% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 2.69%. 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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Volatility by Period
| AQGIX | QAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.69% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 4.96% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 7.56% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 6.51% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 6.12% | +11.80% |