AQGIX vs. SPY
Compare and contrast key facts about AQR Global Equity Fund (AQGIX) and State Street 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.
Performance
AQGIX vs. SPY - Performance Comparison
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AQGIX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with AQGIX having a -3.52% return and SPY slightly lower at -3.65%. Over the past 10 years, AQGIX has underperformed SPY with an annualized return of 11.85%, while SPY has yielded a comparatively higher 14.06% 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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
AQGIX vs. SPY — Risk / Return Rank
AQGIX
SPY
AQGIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund (AQGIX) and State Street 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.
| AQGIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.96 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.49 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.53 | -0.13 |
Martin ratioReturn relative to average drawdown | 7.04 | 7.27 | -0.23 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.96 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.70 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.79 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | +0.01 |
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.
Dividends
AQGIX vs. SPY - Dividend Comparison
AQGIX's dividend yield for the trailing twelve months is around 13.66%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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.
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Drawdown Indicators
| AQGIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -55.19% | +19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -12.05% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -24.50% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.47% | -33.72% | -1.75% |
Current DrawdownCurrent decline from peak | -6.88% | -5.53% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -9.09% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.54% | +0.51% |
Volatility
AQGIX vs. SPY - Volatility Comparison
AQR Global Equity Fund (AQGIX) has a higher volatility of 6.26% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. 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.
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Volatility by Period
| AQGIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 5.35% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 9.50% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 19.06% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 17.06% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 17.92% | 0.00% |