AQGNX vs. AQGIX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Global Equity Fund Class N (AQGNX) and AQR Global Equity Fund (AQGIX).

AQGNX is a passively managed fund by AQR Funds that tracks the performance of the MSCI World Net Total Return USD Index. It was launched on Dec 31, 2009. AQGIX is managed by AQR Funds. It was launched on Dec 30, 2009.

Performance

AQGNX vs. AQGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Global Equity Fund Class N (AQGNX) and AQR Global Equity Fund (AQGIX). The values are adjusted to include any dividend payments, if applicable.

AQGNX vs. AQGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQGNX AQR Global Equity Fund Class N	-3.59%	31.37%	24.14%	22.74%	-14.45%	18.04%	8.96%	22.24%	-14.69%	25.02%
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%

Returns By Period

The year-to-date returns for both investments are quite close, with AQGNX having a -3.59% return and AQGIX slightly higher at -3.52%. Both investments have delivered pretty close results over the past 10 years, with AQGNX having a 11.55% annualized return and AQGIX not far ahead at 11.85%.

AQGNX

• 1D: 3.31%
• 1M: -5.40%
• YTD: -3.59%
• 6M: -0.62%
• 1Y: 20.60%
• 3Y*: 22.14%
• 5Y*: 12.38%
• 10Y*: 11.55%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AQGNX vs. AQGIX - Expense Ratio Comparison

AQGNX has a 1.07% expense ratio, which is higher than AQGIX's 0.80% expense ratio.

AQGNX

AQR Global Equity Fund Class N

AQGIX

AQR Global Equity Fund

Return for Risk

AQGNX vs. AQGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AQGNX

AQGNX Risk / Return Rank: 53
AQGNX Sharpe Ratio Rank: 50
AQGNX Sortino Ratio Rank: 50
AQGNX Omega Ratio Rank: 57
AQGNX Calmar Ratio Rank: 45
AQGNX Martin Ratio Rank: 62

AQGIX

AQGIX Risk / Return Rank: 61
AQGIX Sharpe Ratio Rank: 56
AQGIX Sortino Ratio Rank: 57
AQGIX Omega Ratio Rank: 63
AQGIX Calmar Ratio Rank: 56
AQGIX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AQGNX vs. AQGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund Class N (AQGNX) and AQR Global Equity Fund (AQGIX). 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.

	AQGNX	AQGIX	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.09	-0.01
Sortino ratio Return per unit of downside risk	1.56	1.57	-0.02
Omega ratio Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio Return relative to maximum drawdown	1.39	1.40	-0.02
Martin ratio Return relative to average drawdown	6.92	7.04	-0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQGNX vs. AQGIX - Sharpe Ratio Comparison

The current AQGNX Sharpe Ratio is 1.08, which is comparable to the AQGIX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of AQGNX and AQGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AQGNX	AQGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.09	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.70	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.66	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.57	-0.05

Correlation

The correlation between AQGNX and AQGIX is 1.00, 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

AQGNX vs. AQGIX - Dividend Comparison

AQGNX's dividend yield for the trailing twelve months is around 13.77%, which matches AQGIX's 13.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGNX AQR Global Equity Fund Class N	13.77%	13.27%	13.26%	5.82%	4.30%	12.07%	1.08%	1.26%	4.74%	4.75%	10.16%	0.00%
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%

Drawdowns

AQGNX vs. AQGIX - Drawdown Comparison

The maximum AQGNX drawdown since its inception was -35.76%, roughly equal to the maximum AQGIX drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for AQGNX and AQGIX.

Drawdown Indicators

	AQGNX	AQGIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.76%	-35.47%	-0.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-15.27%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-29.72%	-29.62%	-0.10%
Max Drawdown (10Y) Largest decline over 10 years	-35.76%	-35.47%	-0.29%
Current Drawdown Current decline from peak	-6.92%	-6.88%	-0.04%
Average Drawdown Average peak-to-trough decline	-7.36%	-6.61%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.05%	+0.01%

Volatility

AQGNX vs. AQGIX - Volatility Comparison

AQR Global Equity Fund Class N (AQGNX) and AQR Global Equity Fund (AQGIX) have volatilities of 6.26% and 6.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQGNX	AQGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	6.26%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	10.45%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	19.95%	20.06%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	18.18%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	17.92%	-0.06%