AQRIX vs. SPY
Compare and contrast key facts about AQR Multi-Asset Fund (AQRIX) and SPDR S&P 500 ETF (SPY).
AQRIX is managed by AQR Funds. It was launched on Sep 29, 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: AQRIX or SPY.
Correlation
The correlation between AQRIX and SPY is 0.62, 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. SPY - Performance Comparison
Key characteristics
AQRIX:
0.44
SPY:
0.30
AQRIX:
0.68
SPY:
0.56
AQRIX:
1.10
SPY:
1.08
AQRIX:
0.49
SPY:
0.31
AQRIX:
1.99
SPY:
1.40
AQRIX:
2.72%
SPY:
4.18%
AQRIX:
12.17%
SPY:
19.64%
AQRIX:
-17.66%
SPY:
-55.19%
AQRIX:
-6.51%
SPY:
-13.86%
Returns By Period
In the year-to-date period, AQRIX achieves a 0.38% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, AQRIX has underperformed SPY with an annualized return of 5.21%, while SPY has yielded a comparatively higher 11.54% annualized return.
AQRIX
0.38%
-4.11%
-0.79%
5.60%
7.71%
5.21%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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AQRIX vs. SPY - Expense Ratio Comparison
AQRIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AQRIX vs. SPY — Risk-Adjusted Performance Rank
AQRIX
SPY
AQRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Multi-Asset Fund (AQRIX) 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
AQRIX vs. SPY - Dividend Comparison
AQRIX's dividend yield for the trailing twelve months is around 1.71%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQRIX AQR Multi-Asset Fund | 1.71% | 1.72% | 2.42% | 6.82% | 6.39% | 1.09% | 9.58% | 7.36% | 10.49% | 7.08% | 2.51% | 13.71% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AQRIX vs. SPY - Drawdown Comparison
The maximum AQRIX drawdown since its inception was -17.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AQRIX and SPY. For additional features, visit the drawdowns tool.
Volatility
AQRIX vs. SPY - Volatility Comparison
The current volatility for AQR Multi-Asset Fund (AQRIX) is 7.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that AQRIX 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.