AQMIX vs. SPY
Compare and contrast key facts about AQR Managed Futures Strategy Fund (AQMIX) and SPDR S&P 500 ETF (SPY).
AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AQMIX or SPY.
Correlation
The correlation between AQMIX and SPY 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. SPY - Performance Comparison
Key characteristics
AQMIX:
0.39
SPY:
1.46
AQMIX:
0.58
SPY:
1.99
AQMIX:
1.07
SPY:
1.27
AQMIX:
0.29
SPY:
2.23
AQMIX:
0.60
SPY:
9.00
AQMIX:
6.54%
SPY:
2.08%
AQMIX:
10.10%
SPY:
12.83%
AQMIX:
-27.99%
SPY:
-55.19%
AQMIX:
-2.16%
SPY:
-3.06%
Returns By Period
In the year-to-date period, AQMIX achieves a 3.28% return, which is significantly higher than SPY's 1.38% return. Over the past 10 years, AQMIX has underperformed SPY with an annualized return of 2.08%, while SPY has yielded a comparatively higher 12.94% annualized return.
AQMIX
3.28%
3.64%
8.89%
3.83%
9.16%
2.08%
SPY
1.38%
-1.79%
6.09%
17.34%
15.76%
12.94%
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AQMIX vs. SPY - Expense Ratio Comparison
AQMIX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AQMIX vs. SPY — Risk-Adjusted Performance Rank
AQMIX
SPY
AQMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Managed Futures Strategy Fund (AQMIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AQMIX's dividend yield for the trailing twelve months is around 3.71%, more than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMIX AQR Managed Futures Strategy Fund | 3.71% | 3.83% | 8.41% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 4.49% | 4.50% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AQMIX vs. SPY - Drawdown Comparison
The maximum AQMIX drawdown since its inception was -27.99%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
AQMIX vs. SPY - Volatility Comparison
The current volatility for AQR Managed Futures Strategy Fund (AQMIX) is 3.07%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.69%. This indicates that AQMIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.