AUEIX vs. PEP

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Large Cap Defensive Style Fund (AUEIX) and PepsiCo, Inc. (PEP).

AUEIX is managed by AQR Funds. It was launched on Jul 9, 2012.

Performance

AUEIX vs. PEP - Performance Comparison

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

AUEIX vs. PEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PEP PepsiCo, Inc.	9.17%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%

Returns By Period

In the year-to-date period, AUEIX achieves a 0.79% return, which is significantly lower than PEP's 9.17% return. Over the past 10 years, AUEIX has outperformed PEP with an annualized return of 10.46%, while PEP has yielded a comparatively lower 7.32% annualized return.

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%

PEP

• 1D: -0.98%
• 1M: -7.70%
• YTD: 9.17%
• 6M: 12.65%
• 1Y: 7.72%
• 3Y*: -1.95%
• 5Y*: 5.12%
• 10Y*: 7.32%

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

Return for Risk

AUEIX vs. PEP — Risk / Return Rank

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

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

PEP

PEP Risk / Return Rank: 52
PEP Sharpe Ratio Rank: 55
PEP Sortino Ratio Rank: 48
PEP Omega Ratio Rank: 45
PEP Calmar Ratio Rank: 55
PEP Martin Ratio Rank: 55

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.

AUEIX vs. PEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Large Cap Defensive Style Fund (AUEIX) and PepsiCo, Inc. (PEP). 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.

	AUEIX	PEP	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.35	-0.02
Sortino ratio Return per unit of downside risk	0.54	0.70	-0.15
Omega ratio Gain probability vs. loss probability	1.08	1.08	0.00
Calmar ratio Return relative to maximum drawdown	0.34	0.54	-0.20
Martin ratio Return relative to average drawdown	1.55	1.11	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUEIX vs. PEP - Sharpe Ratio Comparison

The current AUEIX Sharpe Ratio is 0.33, which is comparable to the PEP Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of AUEIX and PEP, 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

	AUEIX	PEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.35	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.28	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.38	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.39	+0.45

Correlation

The correlation between AUEIX and PEP is 0.58, 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

AUEIX vs. PEP - Dividend Comparison

AUEIX's dividend yield for the trailing twelve months is around 22.52%, more than PEP's 3.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PEP PepsiCo, Inc.	3.66%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Drawdowns

AUEIX vs. PEP - Drawdown Comparison

The maximum AUEIX drawdown since its inception was -30.82%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for AUEIX and PEP.

Drawdown Indicators

	AUEIX	PEP	Difference
Max Drawdown Largest peak-to-trough decline	-30.82%	-73.92%	+43.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-15.14%	+6.20%
Max Drawdown (5Y) Largest decline over 5 years	-22.08%	-30.32%	+8.24%
Max Drawdown (10Y) Largest decline over 10 years	-30.82%	-30.32%	-0.50%
Current Drawdown Current decline from peak	-5.22%	-12.39%	+7.17%
Average Drawdown Average peak-to-trough decline	-3.44%	-13.64%	+10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	7.37%	-5.42%

Volatility

AUEIX vs. PEP - Volatility Comparison

The current volatility for AQR Large Cap Defensive Style Fund (AUEIX) is 2.56%, while PepsiCo, Inc. (PEP) has a volatility of 5.35%. This indicates that AUEIX experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUEIX	PEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	5.35%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	5.70%	14.83%	-9.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	22.46%	-10.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	18.11%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	19.55%	-4.34%