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.
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
Key characteristics
AQGIX:
0.22
SPY:
0.54
AQGIX:
0.41
SPY:
0.90
AQGIX:
1.07
SPY:
1.13
AQGIX:
0.21
SPY:
0.57
AQGIX:
0.67
SPY:
2.24
AQGIX:
6.99%
SPY:
4.82%
AQGIX:
23.45%
SPY:
20.02%
AQGIX:
-53.55%
SPY:
-55.19%
AQGIX:
-8.83%
SPY:
-7.53%
Returns By Period
In the year-to-date period, AQGIX achieves a 5.04% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, AQGIX has underperformed SPY with an annualized return of 4.33%, while SPY has yielded a comparatively higher 12.33% annualized return.
AQGIX
5.04%
17.07%
-6.26%
5.19%
10.15%
4.33%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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 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.
Dividends
AQGIX vs. SPY - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 2.43%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQGIX AQR Global Equity Fund | 2.43% | 2.55% | 2.94% | 1.37% | 1.99% | 1.17% | 1.41% | 1.84% | 0.90% | 2.38% | 1.50% | 1.84% |
SPY SPDR S&P 500 ETF | 1.27% | 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. For additional features, visit the drawdowns tool.
Volatility
AQGIX vs. SPY - Volatility Comparison
The current volatility for AQR Global Equity Fund (AQGIX) is 11.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. 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.