AQMIX vs. IWP
Compare and contrast key facts about AQR Managed Futures Strategy Fund (AQMIX) and iShares Russell Midcap Growth ETF (IWP).
AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010. IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQMIX or IWP.
Correlation
The correlation between AQMIX and IWP is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AQMIX vs. IWP - Performance Comparison
Key characteristics
AQMIX:
0.40
IWP:
1.59
AQMIX:
0.57
IWP:
2.18
AQMIX:
1.08
IWP:
1.28
AQMIX:
0.32
IWP:
1.48
AQMIX:
0.67
IWP:
8.20
AQMIX:
6.36%
IWP:
3.11%
AQMIX:
10.67%
IWP:
16.02%
AQMIX:
-27.99%
IWP:
-56.92%
AQMIX:
-8.97%
IWP:
-6.41%
Returns By Period
In the year-to-date period, AQMIX achieves a 4.16% return, which is significantly lower than IWP's 24.52% return. Over the past 10 years, AQMIX has underperformed IWP with an annualized return of 1.82%, while IWP has yielded a comparatively higher 11.49% annualized return.
AQMIX
4.16%
-2.41%
-5.44%
4.28%
7.30%
1.82%
IWP
24.52%
-3.52%
17.49%
24.82%
11.71%
11.49%
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AQMIX vs. IWP - Expense Ratio Comparison
AQMIX has a 1.25% expense ratio, which is higher than IWP's 0.24% expense ratio.
Risk-Adjusted Performance
AQMIX vs. IWP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund (AQMIX) and iShares Russell Midcap Growth ETF (IWP). 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
AQMIX vs. IWP - Dividend Comparison
AQMIX has not paid dividends to shareholders, while IWP's dividend yield for the trailing twelve months is around 0.39%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMIX AQR Managed Futures Strategy Fund | 0.00% | 8.41% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 4.49% | 4.50% | 0.00% |
IWP iShares Russell Midcap Growth ETF | 0.39% | 0.54% | 0.77% | 0.30% | 0.38% | 0.60% | 1.02% | 0.78% | 1.47% | 0.98% | 1.03% | 0.79% |
Drawdowns
AQMIX vs. IWP - Drawdown Comparison
The maximum AQMIX drawdown since its inception was -27.99%, smaller than the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for AQMIX and IWP. For additional features, visit the drawdowns tool.
Volatility
AQMIX vs. IWP - Volatility Comparison
The current volatility for AQR Managed Futures Strategy Fund (AQMIX) is 5.38%, while iShares Russell Midcap Growth ETF (IWP) has a volatility of 6.21%. This indicates that AQMIX experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.