AQMIX vs. QAI
Compare and contrast key facts about AQR Managed Futures Strategy Fund (AQMIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQMIX or QAI.
Correlation
The correlation between AQMIX and QAI is 0.06, 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. QAI - Performance Comparison
Key characteristics
AQMIX:
-0.25
QAI:
0.42
AQMIX:
-0.26
QAI:
0.63
AQMIX:
0.97
QAI:
1.09
AQMIX:
-0.20
QAI:
0.39
AQMIX:
-0.42
QAI:
1.85
AQMIX:
6.62%
QAI:
1.65%
AQMIX:
10.80%
QAI:
7.24%
AQMIX:
-27.99%
QAI:
-14.95%
AQMIX:
-3.27%
QAI:
-4.99%
Returns By Period
In the year-to-date period, AQMIX achieves a 2.11% return, which is significantly higher than QAI's -2.39% return. Over the past 10 years, AQMIX has underperformed QAI with an annualized return of 1.50%, while QAI has yielded a comparatively higher 1.67% annualized return.
AQMIX
2.11%
-2.13%
5.65%
-2.54%
7.87%
1.50%
QAI
-2.39%
-2.88%
-2.82%
3.10%
3.18%
1.67%
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AQMIX vs. QAI - Expense Ratio Comparison
AQMIX has a 1.25% expense ratio, which is higher than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
AQMIX vs. QAI — Risk-Adjusted Performance Rank
AQMIX
QAI
AQMIX vs. QAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund (AQMIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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. QAI - Dividend Comparison
AQMIX's dividend yield for the trailing twelve months is around 3.75%, more than QAI's 2.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMIX AQR Managed Futures Strategy Fund | 3.75% | 3.83% | 8.41% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 4.49% | 4.50% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.28% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
Drawdowns
AQMIX vs. QAI - Drawdown Comparison
The maximum AQMIX drawdown since its inception was -27.99%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for AQMIX and QAI. For additional features, visit the drawdowns tool.
Volatility
AQMIX vs. QAI - Volatility Comparison
The current volatility for AQR Managed Futures Strategy Fund (AQMIX) is 4.69%, while IQ Hedge Multi-Strategy Tracker ETF (QAI) has a volatility of 5.09%. This indicates that AQMIX experiences smaller price fluctuations and is considered to be less risky than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.