AQGRX vs. SSGLX

Last updated Apr 2, 2026

Compare and contrast key facts about AQR Global Equity Fund Class R6 (AQGRX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).

AQGRX 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 Jan 8, 2014. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014. Both AQGRX and SSGLX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AQGRX vs. SSGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Global Equity Fund Class R6 (AQGRX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). The values are adjusted to include any dividend payments, if applicable.

AQGRX vs. SSGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQGRX AQR Global Equity Fund Class R6	-3.57%	31.87%	24.60%	23.14%	-14.13%	18.43%	9.47%	23.85%	-14.46%	25.57%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	1.29%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%

Returns By Period

In the year-to-date period, AQGRX achieves a -3.57% return, which is significantly lower than SSGLX's 1.29% return. Over the past 10 years, AQGRX has outperformed SSGLX with an annualized return of 12.07%, while SSGLX has yielded a comparatively lower 8.79% annualized return.

AQGRX

• 1D: 3.21%
• 1M: -5.41%
• YTD: -3.57%
• 6M: -0.47%
• 1Y: 20.99%
• 3Y*: 22.54%
• 5Y*: 12.78%
• 10Y*: 12.07%

SSGLX

• 1D: 1.94%
• 1M: -7.37%
• YTD: 1.29%
• 6M: 5.27%
• 1Y: 26.80%
• 3Y*: 15.14%
• 5Y*: 7.06%
• 10Y*: 8.79%

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

AQGRX vs. SSGLX - Expense Ratio Comparison

AQGRX has a 0.72% expense ratio, which is higher than SSGLX's 0.07% expense ratio.

AQGRX

AQR Global Equity Fund Class R6

SSGLX

State Street Global All Cap Equity ex-U.S. Index Fund Class K

Return for Risk

AQGRX vs. SSGLX — Risk / Return Rank

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

AQGRX

AQGRX Risk / Return Rank: 54
AQGRX Sharpe Ratio Rank: 52
AQGRX Sortino Ratio Rank: 51
AQGRX Omega Ratio Rank: 58
AQGRX Calmar Ratio Rank: 46
AQGRX Martin Ratio Rank: 63

SSGLX

SSGLX Risk / Return Rank: 84
SSGLX Sharpe Ratio Rank: 85
SSGLX Sortino Ratio Rank: 84
SSGLX Omega Ratio Rank: 84
SSGLX Calmar Ratio Rank: 84
SSGLX Martin Ratio Rank: 82

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.

AQGRX vs. SSGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Global Equity Fund Class R6 (AQGRX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.

	AQGRX	SSGLX	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.76	-0.67
Sortino ratio Return per unit of downside risk	1.58	2.37	-0.79
Omega ratio Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio Return relative to maximum drawdown	1.41	2.35	-0.94
Martin ratio Return relative to average drawdown	7.08	9.17	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQGRX vs. SSGLX - Sharpe Ratio Comparison

The current AQGRX Sharpe Ratio is 1.10, which is lower than the SSGLX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AQGRX and SSGLX, 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

	AQGRX	SSGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.76	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.49	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.55	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.38	+0.20

Correlation

The correlation between AQGRX and SSGLX is 0.81, 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

AQGRX vs. SSGLX - Dividend Comparison

AQGRX's dividend yield for the trailing twelve months is around 13.61%, more than SSGLX's 4.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQGRX AQR Global Equity Fund Class R6	13.61%	13.12%	13.59%	6.03%	4.51%	12.19%	1.34%	2.41%	4.88%	5.03%	10.54%	0.09%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	4.36%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%

Drawdowns

AQGRX vs. SSGLX - Drawdown Comparison

The maximum AQGRX drawdown since its inception was -34.25%, roughly equal to the maximum SSGLX drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for AQGRX and SSGLX.

Drawdown Indicators

	AQGRX	SSGLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.25%	-35.88%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-11.22%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-30.08%	+0.49%
Max Drawdown (10Y) Largest decline over 10 years	-34.25%	-35.88%	+1.63%
Current Drawdown Current decline from peak	-6.89%	-9.15%	+2.26%
Average Drawdown Average peak-to-trough decline	-6.97%	-8.32%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.87%	+0.17%

Volatility

AQGRX vs. SSGLX - Volatility Comparison

The current volatility for AQR Global Equity Fund Class R6 (AQGRX) is 6.25%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.71%. This indicates that AQGRX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQGRX	SSGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	6.71%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	10.18%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	19.94%	15.57%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	14.51%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	16.15%	+1.64%