AQMIX vs. DODGX

Last updated Jun 9, 2026

AQMIX (AQR Managed Futures Strategy Fund) and DODGX (Dodge & Cox Stock Fund Class I) are both mutual funds - AQMIX is a Systematic Trend fund managed by AQR Funds, while DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. Over the past 10 years, AQMIX returned 4.98%/yr vs 12.65%/yr for DODGX. At a 0.04 correlation, their price movements are largely independent. AQMIX charges 1.25%/yr vs 0.51%/yr for DODGX.

Performance

AQMIX vs. DODGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Managed Futures Strategy Fund (AQMIX) and Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AQMIX achieves a 12.43% return, which is significantly higher than DODGX's 3.91% return. Over the past 10 years, AQMIX has underperformed DODGX with an annualized return of 4.98%, while DODGX has yielded a comparatively higher 12.65% annualized return.

AQMIX

• 1D: -0.55%
• 1M: 1.22%
• YTD: 12.43%
• 6M: 14.53%
• 1Y: 25.35%
• 3Y*: 12.47%
• 5Y*: 12.60%
• 10Y*: 4.98%

DODGX

• 1D: -0.70%
• 1M: 0.89%
• YTD: 3.91%
• 6M: 6.39%
• 1Y: 12.33%
• 3Y*: 15.24%
• 5Y*: 8.58%
• 10Y*: 12.65%

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

AQMIX vs. DODGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQMIX AQR Managed Futures Strategy Fund	12.43%	14.62%	8.13%	2.08%	35.47%	-1.04%	-0.43%	1.92%	-8.88%	-0.97%
DODGX Dodge & Cox Stock Fund Class I	3.91%	13.66%	14.36%	17.49%	-7.25%	31.72%	7.10%	24.30%	-7.15%	18.33%

Correlation

The correlation between AQMIX and DODGX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 6, 2010	0.04

The correlation between AQMIX and DODGX shifts across timeframes, from -0.08 (5 years) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AQMIX vs. DODGX — Risk / Return Rank

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

AQMIX

AQMIX Risk / Return Rank: 89
AQMIX Sharpe Ratio Rank: 89
AQMIX Sortino Ratio Rank: 84
AQMIX Omega Ratio Rank: 79
AQMIX Calmar Ratio Rank: 98
AQMIX Martin Ratio Rank: 97

DODGX

DODGX Risk / Return Rank: 23
DODGX Sharpe Ratio Rank: 20
DODGX Sortino Ratio Rank: 20
DODGX Omega Ratio Rank: 19
DODGX Calmar Ratio Rank: 27
DODGX Martin Ratio Rank: 29

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.

AQMIX vs. DODGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund (AQMIX) and Dodge & Cox Stock Fund Class I (DODGX). 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.

	AQMIX	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	1.21	+1.64
Sortino ratio: Return per unit of downside risk	3.88	1.76	+2.12
Omega ratio: Gain probability vs. loss probability	1.50	1.21	+0.29
Calmar ratio: Return relative to maximum drawdown	8.24	1.82	+6.42
Martin ratio: Return relative to average drawdown	26.92	6.39	+20.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQMIX vs. DODGX - Sharpe Ratio Comparison

The current AQMIX Sharpe Ratio is 2.85, which is higher than the DODGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of AQMIX and DODGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AQMIX	DODGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.21	+1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	0.54	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.66	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.63	-0.21

Drawdowns

AQMIX vs. DODGX - Drawdown Comparison

The maximum AQMIX drawdown since its inception was -26.52%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for AQMIX and DODGX.

Drawdown Indicators

	AQMIX	DODGX	Difference
Max Drawdown Largest peak-to-trough decline	-26.52%	-63.24%	+36.72%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-7.48%	+4.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.57%	-14.89%	+1.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	-21.85%	+8.28%
Max Drawdown (10Y) Largest decline over 10 years	-23.34%	-40.41%	+17.07%
Current Drawdown Current decline from peak	-1.19%	-0.70%	-0.49%
Average Drawdown Average peak-to-trough decline	-10.00%	-7.51%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	2.12%	-1.14%

Volatility

AQMIX vs. DODGX - Volatility Comparison

The current volatility for AQR Managed Futures Strategy Fund (AQMIX) is 2.64%, while Dodge & Cox Stock Fund Class I (DODGX) has a volatility of 2.97%. This indicates that AQMIX experiences smaller price fluctuations and is considered to be less risky than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQMIX	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.97%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	6.67%	8.21%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	8.75%	11.24%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.63%	15.97%	-4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.37%	19.22%	-8.85%

AQMIX vs. DODGX - Expense Ratio Comparison

AQMIX has a 1.25% expense ratio, which is higher than DODGX's 0.51% expense ratio.

Dividends

AQMIX vs. DODGX - Dividend Comparison

AQMIX's dividend yield for the trailing twelve months is around 2.01%, less than DODGX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQMIX AQR Managed Futures Strategy Fund	2.01%	2.26%	3.83%	8.39%	12.76%	6.94%	5.31%	3.13%	0.00%	0.00%	0.02%	6.51%
DODGX Dodge & Cox Stock Fund Class I	9.36%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%

Frequently Asked Questions

Can I hold both AQMIX and DODGX in my portfolio?

AQMIX and DODGX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AQMIX or DODGX?

DODGX has higher volatility (2.97%) compared to AQMIX (2.64%). In terms of maximum drawdown, AQMIX dropped -26.52% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

AQMIX currently has the higher Sharpe Ratio (2.85 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.