AQRIX vs. AUEIX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Multi-Asset Fund (AQRIX) and AQR Large Cap Defensive Style Fund (AUEIX).

AQRIX is managed by AQR Funds. It was launched on Sep 29, 2010. AUEIX is managed by AQR Funds. It was launched on Jul 9, 2012.

Performance

AQRIX vs. AUEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Multi-Asset Fund (AQRIX) and AQR Large Cap Defensive Style Fund (AUEIX). The values are adjusted to include any dividend payments, if applicable.

AQRIX vs. AUEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQRIX AQR Multi-Asset Fund	0.25%	18.71%	10.45%	11.59%	-10.54%	14.35%	2.68%	21.03%	-6.95%	16.34%
AUEIX AQR Large Cap Defensive Style Fund	0.79%	6.95%	13.85%	9.49%	-13.81%	23.52%	13.10%	28.63%	-0.27%	22.14%

Returns By Period

In the year-to-date period, AQRIX achieves a 0.25% return, which is significantly lower than AUEIX's 0.79% return. Over the past 10 years, AQRIX has underperformed AUEIX with an annualized return of 7.81%, while AUEIX has yielded a comparatively higher 10.46% annualized return.

AQRIX

• 1D: 0.76%
• 1M: -6.78%
• YTD: 0.25%
• 6M: 3.29%
• 1Y: 13.68%
• 3Y*: 12.04%
• 5Y*: 8.08%
• 10Y*: 7.81%

AUEIX

• 1D: 0.74%
• 1M: -5.02%
• YTD: 0.79%
• 6M: -1.36%
• 1Y: 3.06%
• 3Y*: 9.70%
• 5Y*: 6.73%
• 10Y*: 10.46%

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

AQRIX vs. AUEIX - Expense Ratio Comparison

AQRIX has a 0.80% expense ratio, which is higher than AUEIX's 0.37% expense ratio.

AQRIX

AQR Multi-Asset Fund

AUEIX

AQR Large Cap Defensive Style Fund

Return for Risk

AQRIX vs. AUEIX — Risk / Return Rank

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

AQRIX

AQRIX Risk / Return Rank: 66
AQRIX Sharpe Ratio Rank: 69
AQRIX Sortino Ratio Rank: 66
AQRIX Omega Ratio Rank: 65
AQRIX Calmar Ratio Rank: 65
AQRIX Martin Ratio Rank: 67

AUEIX

AUEIX Risk / Return Rank: 13
AUEIX Sharpe Ratio Rank: 13
AUEIX Sortino Ratio Rank: 12
AUEIX Omega Ratio Rank: 13
AUEIX Calmar Ratio Rank: 13
AUEIX Martin Ratio Rank: 16

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.

AQRIX vs. AUEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) and AQR Large Cap Defensive Style Fund (AUEIX). 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.

	AQRIX	AUEIX	Difference
Sharpe ratio Return per unit of total volatility	1.21	0.33	+0.88
Sortino ratio Return per unit of downside risk	1.63	0.54	+1.08
Omega ratio Gain probability vs. loss probability	1.24	1.08	+0.16
Calmar ratio Return relative to maximum drawdown	1.47	0.34	+1.13
Martin ratio Return relative to average drawdown	6.33	1.55	+4.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AQRIX vs. AUEIX - Sharpe Ratio Comparison

The current AQRIX Sharpe Ratio is 1.21, which is higher than the AUEIX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of AQRIX and AUEIX, 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

	AQRIX	AUEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.33	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.52	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.69	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.83	-0.10

Correlation

The correlation between AQRIX and AUEIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AQRIX vs. AUEIX - Dividend Comparison

AQRIX's dividend yield for the trailing twelve months is around 3.84%, less than AUEIX's 22.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQRIX AQR Multi-Asset Fund	3.84%	3.85%	1.72%	2.40%	6.82%	6.39%	1.09%	6.65%	7.36%	10.49%	7.08%	2.51%
AUEIX AQR Large Cap Defensive Style Fund	22.52%	22.70%	24.31%	24.28%	10.26%	2.54%	1.29%	1.12%	1.67%	2.36%	1.99%	6.18%

Drawdowns

AQRIX vs. AUEIX - Drawdown Comparison

The maximum AQRIX drawdown since its inception was -19.37%, smaller than the maximum AUEIX drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for AQRIX and AUEIX.

Drawdown Indicators

	AQRIX	AUEIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-30.82%	+11.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-8.94%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-22.08%	+2.71%
Max Drawdown (10Y) Largest decline over 10 years	-19.37%	-30.82%	+11.45%
Current Drawdown Current decline from peak	-6.78%	-5.22%	-1.56%
Average Drawdown Average peak-to-trough decline	-4.86%	-3.44%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	1.95%	+0.26%

Volatility

AQRIX vs. AUEIX - Volatility Comparison

AQR Multi-Asset Fund (AQRIX) has a higher volatility of 4.26% compared to AQR Large Cap Defensive Style Fund (AUEIX) at 2.56%. This indicates that AQRIX's price experiences larger fluctuations and is considered to be riskier than AUEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQRIX	AUEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.56%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	5.70%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	12.05%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	13.06%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.74%	15.21%	-5.47%