AQGIX vs. SPY
Compare and contrast key facts about AQR Global Equity Fund (AQGIX) and SPDR S&P 500 ETF (SPY).
AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQGIX or SPY.
Key characteristics
| AQGIX | SPY | |
|---|---|---|
| YTD Return | 16.54% | 16.65% |
| 1Y Return | 23.23% | 24.36% |
| 3Y Return (Ann) | 7.83% | 8.36% |
| 5Y Return (Ann) | 11.67% | 14.92% |
| 10Y Return (Ann) | 7.78% | 12.62% |
| Sharpe Ratio | 1.49 | 1.90 |
| Daily Std Dev | 15.46% | 12.51% |
| Max Drawdown | -35.47% | -55.19% |
| Current Drawdown | -3.13% | -2.46% |
Correlation
The correlation between AQGIX and SPY is 0.91, 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.
Performance
AQGIX vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with AQGIX having a 16.54% return and SPY slightly higher at 16.65%. Over the past 10 years, AQGIX has underperformed SPY with an annualized return of 7.78%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AQGIX vs. SPY - Expense Ratio Comparison
AQGIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AQGIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
AQGIX vs. SPY - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 5.13%, more than SPY's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 5.13% | 5.98% | 4.39% | 12.17% | 1.16% | 1.41% | 4.72% | 5.05% | 10.34% | 1.50% | 12.45% | 65.50% |
SPY SPDR S&P 500 ETF | 1.24% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AQGIX vs. SPY - Drawdown Comparison
The maximum AQGIX drawdown since its inception was -35.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQGIX and SPY. For additional features, visit the drawdowns tool.
Volatility
AQGIX vs. SPY - Volatility Comparison
AQR Global Equity Fund (AQGIX) has a higher volatility of 4.81% compared to SPDR S&P 500 ETF (SPY) at 4.47%. This indicates that AQGIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.