ARCIX vs. QAI
Compare and contrast key facts about AQR Risk-Balanced Commodities Strategy Fund (ARCIX) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
ARCIX is managed by AQR Funds. It was launched on Jul 8, 2012. 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.
Performance
ARCIX vs. QAI - Performance Comparison
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ARCIX vs. QAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCIX AQR Risk-Balanced Commodities Strategy Fund | 17.04% | 20.99% | 7.43% | -0.22% | 21.39% | 39.74% | 8.15% | 18.15% | -17.56% | 10.41% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.82% | 8.29% | 6.67% | 10.07% | -8.68% | -0.16% | 5.73% | 8.68% | -3.32% | 6.17% |
Returns By Period
In the year-to-date period, ARCIX achieves a 17.04% return, which is significantly higher than QAI's 1.82% return. Over the past 10 years, ARCIX has outperformed QAI with an annualized return of 12.98%, while QAI has yielded a comparatively lower 3.30% annualized return.
ARCIX
- 1D
- 0.56%
- 1M
- 6.06%
- YTD
- 17.04%
- 6M
- 26.39%
- 1Y
- 30.67%
- 3Y*
- 14.38%
- 5Y*
- 18.72%
- 10Y*
- 12.98%
QAI
- 1D
- 1.25%
- 1M
- -2.23%
- YTD
- 1.82%
- 6M
- 2.98%
- 1Y
- 10.61%
- 3Y*
- 8.05%
- 5Y*
- 3.40%
- 10Y*
- 3.30%
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ARCIX vs. QAI - Expense Ratio Comparison
ARCIX has a 1.00% expense ratio, which is higher than QAI's 0.79% expense ratio.
Return for Risk
ARCIX vs. QAI — Risk / Return Rank
ARCIX
QAI
ARCIX vs. QAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Risk-Balanced Commodities Strategy Fund (ARCIX) 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.
| ARCIX | QAI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 1.41 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.48 | 1.99 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.93 | +1.15 |
Martin ratioReturn relative to average drawdown | 9.79 | 8.93 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARCIX | QAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.41 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.53 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.54 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.51 | -0.21 |
Correlation
The correlation between ARCIX and QAI is 0.28, 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.
Dividends
ARCIX vs. QAI - Dividend Comparison
ARCIX's dividend yield for the trailing twelve months is around 11.48%, more than QAI's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCIX AQR Risk-Balanced Commodities Strategy Fund | 11.48% | 13.44% | 2.11% | 7.56% | 9.51% | 18.23% | 0.09% | 5.19% | 0.67% | 0.01% | 4.82% | 0.00% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 1.48% | 1.50% | 2.22% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% |
Drawdowns
ARCIX vs. QAI - Drawdown Comparison
The maximum ARCIX drawdown since its inception was -54.25%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for ARCIX and QAI.
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Drawdown Indicators
| ARCIX | QAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -14.95% | -39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -5.43% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -14.32% | -5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -14.95% | -17.50% |
Current DrawdownCurrent decline from peak | -1.09% | -2.51% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -2.60% | -23.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.17% | +2.04% |
Volatility
ARCIX vs. QAI - Volatility Comparison
AQR Risk-Balanced Commodities Strategy Fund (ARCIX) has a higher volatility of 5.41% compared to IQ Hedge Multi-Strategy Tracker ETF (QAI) at 2.83%. This indicates that ARCIX'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.
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Volatility by Period
| ARCIX | QAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 2.83% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 4.95% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 7.55% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 6.51% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 6.12% | +11.34% |