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AQRIX vs. QAI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

AQRIX vs. QAI

Last updated May 12, 2025

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 -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

AQRIX vs. QAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Multi-Asset Fund (AQRIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

AQRIX:

6.38%

QAI:

1.67%

Max Drawdown

AQRIX:

-0.55%

QAI:

-0.13%

Current Drawdown

AQRIX:

-0.37%

QAI:

0.00%

Returns By Period

AQRIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

QAI

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.

AQRIX
AQR Multi-Asset Fund
QAI
IQ Hedge Multi-Strategy Tracker ETF

Risk-Adjusted Performance

AQRIX vs. QAI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AQRIX
The Risk-Adjusted Performance Rank of AQRIX is 6161
Overall Rank
The Sharpe Ratio Rank of AQRIX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of AQRIX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of AQRIX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of AQRIX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of AQRIX is 6363
Martin Ratio Rank
QAI
The Risk-Adjusted Performance Rank of QAI is 6666
Overall Rank
The Sharpe Ratio Rank of QAI is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of QAI is 6262
Sortino Ratio Rank
The Omega Ratio Rank of QAI is 6464
Omega Ratio Rank
The Calmar Ratio Rank of QAI is 6868
Calmar Ratio Rank
The Martin Ratio Rank of QAI is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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Dividends

AQRIX vs. QAI - Dividend Comparison

AQRIX's dividend yield for the trailing twelve months is around 1.66%, less than QAI's 2.22% yield.

TTM20242023202220212020201920182017201620152014
AQRIX
AQR Multi-Asset Fund		1.66%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QAI
IQ Hedge Multi-Strategy Tracker ETF		2.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

AQRIX vs. QAI - Drawdown Comparison

The maximum AQRIX drawdown since its inception was -0.55%, which is greater than QAI's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for AQRIX and QAI. For additional features, visit the drawdowns tool.

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Volatility

AQRIX vs. QAI - Volatility Comparison

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