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.
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.
Performance
AQGIX vs. SPY - Performance Comparison
Loading data...
Key characteristics
AQGIX:
0.34
SPY:
0.67
AQGIX:
0.54
SPY:
1.03
AQGIX:
1.09
SPY:
1.15
AQGIX:
0.33
SPY:
0.69
AQGIX:
1.02
SPY:
2.61
AQGIX:
7.10%
SPY:
4.92%
AQGIX:
23.64%
SPY:
20.44%
AQGIX:
-53.55%
SPY:
-55.19%
AQGIX:
-4.04%
SPY:
-3.44%
Returns By Period
In the year-to-date period, AQGIX achieves a 10.56% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, AQGIX has underperformed SPY with an annualized return of 4.88%, while SPY has yielded a comparatively higher 12.73% annualized return.
AQGIX
10.56%
6.61%
-1.17%
8.00%
9.79%
10.41%
4.88%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 Rank
AQGIX
SPY
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.
Loading data...
Dividends
AQGIX vs. SPY - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 12.29%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 12.29% | 13.59% | 5.97% | 4.38% | 12.17% | 1.17% | 1.41% | 4.72% | 5.04% | 10.35% | 6.91% | 12.45% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AQGIX vs. SPY - Drawdown Comparison
The maximum AQGIX drawdown since its inception was -53.55%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQGIX and SPY.
Loading data...
Volatility
AQGIX vs. SPY - Volatility Comparison
The current volatility for AQR Global Equity Fund (AQGIX) is 3.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that AQGIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...