AQRIX vs. QAI
Compare and contrast key facts about AQR Multi-Asset Fund (AQRIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
AQRIX is managed by AQR Funds. It was launched on Sep 29, 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: AQRIX or QAI.
Correlation
The correlation between AQRIX and QAI is 0.63, 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.
Performance
AQRIX vs. QAI - Performance Comparison
Key characteristics
AQRIX:
1.56
QAI:
1.34
AQRIX:
2.24
QAI:
1.91
AQRIX:
1.29
QAI:
1.24
AQRIX:
2.31
QAI:
1.98
AQRIX:
7.35
QAI:
7.93
AQRIX:
1.97%
QAI:
0.86%
AQRIX:
9.30%
QAI:
5.09%
AQRIX:
-24.06%
QAI:
-14.95%
AQRIX:
-1.07%
QAI:
-1.55%
Returns By Period
In the year-to-date period, AQRIX achieves a 6.22% return, which is significantly higher than QAI's 1.15% return. Over the past 10 years, AQRIX has outperformed QAI with an annualized return of 3.89%, while QAI has yielded a comparatively lower 2.07% annualized return.
AQRIX
6.22%
2.12%
6.37%
14.34%
7.23%
3.89%
QAI
1.15%
-0.53%
2.93%
6.97%
3.14%
2.07%
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AQRIX vs. QAI - Expense Ratio Comparison
AQRIX has a 0.80% expense ratio, which is higher than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
AQRIX vs. QAI — Risk-Adjusted Performance Rank
AQRIX
QAI
AQRIX vs. QAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) 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
AQRIX vs. QAI - Dividend Comparison
AQRIX's dividend yield for the trailing twelve months is around 1.61%, less than QAI's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQRIX AQR Multi-Asset Fund | 1.61% | 1.71% | 2.41% | 6.82% | 5.39% | 1.09% | 9.59% | 3.33% | 1.95% | 2.52% | 0.00% | 4.29% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.20% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
Drawdowns
AQRIX vs. QAI - Drawdown Comparison
The maximum AQRIX drawdown since its inception was -24.06%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for AQRIX and QAI. For additional features, visit the drawdowns tool.
Volatility
AQRIX vs. QAI - Volatility Comparison
AQR Multi-Asset Fund (AQRIX) has a higher volatility of 2.52% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 1.32%. This indicates that AQRIX's price experiences larger fluctuations and is considered to be riskier than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.